Every time cup and handle has formed- as evident from charts - VA Tech Wabag has given breakout. Plus this is ascending triangle formation.
TRIANGLE PATTERNS ARE VERY MUCH RESPECTED BY THE MARKET. SO YOU CAN EXPECT A SHORT TERM BREAKOUT AND ALSO A LONG TERM BREAKOUT AS YOU CAN FIND TWO TRIANGLES FORMING THE CHARTS. WATCH OUT FOR THE MOVE........ Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your...
Axis Bank has formed an ascending triangle pattern with major resistance at 458-460. We can see rejection at the resistance for two times. Once the stock breaks above the resistance, wait for the retest at the support levels to take a position Target - 485-490 Take small but consistent profits to earn gains!
Next Block Buster: Positional Call: Buy range : 450-460 SL: 420 Targe : 510/550/600/630+
As you can see gaining trend line support strongly. So went long at cmp 611 with a stop of 605 with a target of 620+ RR 1:1 Risky trade but taking it because forming a ascending triangle pattern if breaks out on top can see good rally View negates once the stop hits
- Trend - Downtrend (represented by Red bars above) - Facing resistance from 25 weeks EMA (or 250 days EMA if seen on daily timeframe chart) - Promoter buying seen in March 2020 quarter. - ROCE consistently over 25% in the last 10 years. Current Debt:Equity 0.3x - Making Ascending Triangle Pattern - Can the National Education Policy 2020 be a Bull trigger for...
Ascending Triangle Breakout seen in NATIONALUM with high volume. Buy only if the high of the breakout candle is broken. RISKY TRADE Target a 1:0.7 ratio first. Then, if you want, you can keep 25% of your position for 1:1 target. Buy level: 39.5 Stop Loss: 36.25 First Target: 41.65 Second Target: 42.7
Ascending Triangle Breakout seen in Berger Paints with high volume. Buy only if the high of the breakout candle is broken. Target a 1:1 ratio. Buy levels: 569-572 Stop Loss: 539 Target: 598
The same pattern happened for 5 consecutive days. The pattern you can find is :- A Gap Up Opening. Then an up move to trendline. (refer the chart) Followed by fall to support @ 276/275. Also note these points :- CNXIT or NIFTYIT also has been consolidating in an ascending triangle pattern. The stock is witnessed a selling pressure at...
SIEMENS is looking very good on charts. Showing Daily and Hourly breakout. 1100 range is being strong support. Fibo 50% is also near 1200 once it breaks 1200 and sustains it will give good movement upside RSI near 60 which shows a good buy sign. Targets- 1245/ 1287/1300/1350/1400. 1200 and 1100 have good OI buildup. This is just an educational view. Trade...
Look at the chart carefully!! - What do you expect from here? Their is a formation of a bullish hammer pattern right after it touched the trendline @ 11,111. Now look how nifty reacted the last time it touched the same trend line. Hope you found how wonderfully it respected the line and never came back. So we can expect another touch on the trend line and a...
Call is based on Ascending Triangle and Triple Bottom Positional Call Buy Above 1200 (Breakout of Ascending Triangle) Target 1300/1400 SL 1110 Time Duration: First Target: 1-2 Weeks Second Target: 2-4 Weeks Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not...
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USOIL Ascending Triangle pattern formation in 30 m ins TF. Based on breakout either you can go for Long or Short
Positional Buy: Entry 540-550 SL 535 Target 590-600 Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not responsible for any loss.
A classical breakout from BOSCHLTD today - a gain of over 7.5% to inch close to 14.500. The stock has been in a well-defined UP trend for sometime post which it consolidated within a typical Ascending Triangle which are known to be decent continuation patterns. The next immediate level to watch for is in the zone of (14,800-15,000). A high probability resistance...
TRADE THE BREAKOUT!! SEE THE POWER OF PRICE ACTION IN THE COMING DAYS Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk.