ONGC has given a clean breakout from the ascending triangle pattern. Generally after the breakout , the price tends to retest the breakout level which is around 79-80. Therefore wait for the stock to retest the breakout point and make an entry only around those levels. Trading using this approach would give you a favourable Risk-Reward setup. Target 1: 88 Target...
Expecting a breakout on upside from these levels
Ultracemco formed Ascending triangle in Day candle.., A strong Buy signal. It is strong abv 3675 for Intraday as well as positional.
Go long for Breakout, one can wait for a pull back also on lower time frames
Tata power has given a decisive close above from both a cup & handle as well as an ascending triangle pattern. Initiate long. Target : 34.25 Stop Loss : 31.50
Rallis India has broken below from what appears to be an ascending triangle. Initiate Sell. Target : 192/182 Stop Loss : 216
BTST IN WIPRO FUT BUY@189.5 STOP@185 TARGET@195 QTY=6400 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
FUTURES TRADE IN SHRIRAM TRANSPORT BUY@680 STOP@658 TARGET 1@720 TARGET 2@740 QTY=1800 POSITIONAL TRADE !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
Manappuram finance has given a breakout from an ascending triangle pattern on Hourly chart. Buy for the targets of 138/140 Stoploss: 112
Aurobindo Pharma is Bullish in my View -Ascending Triangle Pattern Formed - Inside Ascending Triangle - Descending Channel pattern Formed and Gave a Breakout Already. - Multiple Rejections happened Inside the Triangle and the stock price keep in going high Best Buy above 685 Best Sell Below 640 Trading a Pharma Stock is a Risky, in the Current Things Happening...
once the trend line breaks, there is a nice opportunity to go short @ levels mentioned in chart.
Refer Chart for levels.
BIOCON Sell below 346 (Ascending Triangle).
NTPC Sell below 89.80 (Ascending Triangle)
Go long PEL Ascending Triangle Formation CMP 906 Target 1200 sl 855
one can trade on breakout of ascending triangle for Bullish Trend
Will the ascending triangle deliver the surprise ?