THE DESCENDING TRIANGLE WITH NR7 IS A NICE MIX TO TRADE ON. SO KEEP AN EYE ON THE HINDUNILVR FOR 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.
Thank you
Have a Nice day!!
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...
A RESISTANCE IS PLACED FOR NIFTY AND IT IS SAID TO BREAK WITHIN THIS WEEK. NIFTY HAD A BULL RUN LAST 2 MONTHS DUE TO RELIANCE ALONE. NOW THE TIME HAS COME FOR OTHER STOCKS FOR FLY. KEEP AN EYE ON NIFTY AS WELL AS BANKING STOCKS BECAUSE THAT IS GOING TO BE IN A BULL RUN FOR THE REST OF THE MONTH.
BANK STOCKS SHOULD BE IN WATCH BECAUSE BANKNIFTY IS...
This chart shows the consolidation of AMARAJABAT since the start of this month (august). So we expect either an up or downward move one it breaks the pattern.
Wait for the breakout.
Confirm it is clear breakout with volume .
Buy with the help of technical indicators like macd , moving average, pivot points etc
Or you could wait for a retracement and buy at...
This is in continuation to the earlier post on Bajaj Finance.A strong bullish head and shoulders pattern seem to be in the making in lower time frame charts. One need to wait for pattern completion for safe trade entry. If the price manages to cross and sustain above the neckline placed near 3330 , the targets mentioned in the chart could be achieved in August series.
NSE:GLENMARK
Glenmark is forming ascending channel pattern in 1D view, good stock for midterm .
Can expect a decent price hike in upcoming months & has potential to go up.
PS: this post is for educational purpose only! Remember stock market is Zero Sum Game! Trade @your own risk!
