SUNPHARMA convincing triangle breakout?
In daily, price retraced then reversed from horizontal support, In weekly, price in an established uptrend, it broke out of ascending triangle pattern and going up.
#Axisbank approaching it's all time #resistance zone of 650-640 level. After failing in Mar 2015, Sep 2016 and Jan 2018, current momentum seems good to push it back to re-test the supply zone. Will it join the #Nifty Pvt bank party ? I'm very #Bullish above the resistance zone
good risk: reward ration if we trail stop-loss we can get more we expect
Market is still moving in a small range since 15.05.18. It has formed Ascending Triangle and currently trading at the upper line. Following trading setup are possible in this situation 1. It gives Breakout from the pattern and one go long for the target of triangle pattern. 2. Price reverses at Confluence of Pitchfork & Median Line. PF is catching the price...
Buy @140 S/L 137 Targets are 145, 150, 160 Sell @ 134 S/L 138 Targets are 128, 124, 120
BANKNIFTY: in ASCENDING Triangle. Also Harmonic "AB = CD" in Progress Possible "D" = 26271.80 EXTENDED "D1" = 26506.50 (FIB E 1.13) EXTENDED "D2" = 26763 (FIB E 1.272) You can notice Inverted H&S pattern is also there. Middle line of Parallel channel, can treat as "NECK Line of Inv. H&S" (though not pointed due to avoid more clumsiness of chart) Rest...
All mentioned & plotted on Chart. For Price Roll over Mouse on Chart. Disclaimer: Take this information as study/education purpose only. If Useful Like & Share For taking trade decision Consult with your Financial Advisor.
UPL forming a promising ascending triangle pattern both on daily and hourly chart. Should be interesting to see in the coming days, if this translates.
UPL forming a promising ascending triangle on hourly and daily chart - one to watch out for.
Levels mentioned on the Chart
in daily, ascending triangle formed, and breakout happened with high volume, price closed above upper BB and BB is expanding. with sl - 255, tgt - 370
Waiting For brekout and levels were mentioned on the chart .
ASHOK LEYLAND ascending triangle study. Currently its finding support at 100-50 daily SMA Buy ASHOKLEY above 133 T1: 150 T2: 165 SL: 122
Ascending triangle formation on the chart also good signal on the MA(10) on the CCI(20). The EMA(200) seems as a strong resistance so a breakthrough above it could mean strong movement. Also fine support from the ICHIMOKU cloud below. Anything in 150-155 should be a good entry point IMHO.
In daily, ascending triangle formed and breakout happened. sl - 1810, tgt - 1988
In daily, ascending triangle formed , breakout happened with good volume, sl - 2020, tgt - 2600