After a sharp decline followed by a consolidation in a triangular structure , hindalco seems about to give a zigzag correction. As per the triangle structure one should sell the stock with SL of 402 and look for the downside target of 365/345 zone .
In the chart we can see that the stock is making bearish triangle on the daily TF
Lets wait and see which side it breaks.
Keep an eye.
Guys, Keep supporting and guide me if there's any mistake or to improve anything.
Wait for BEL to give a clear indication before taking the trade.
Their is not much to say since the chart the explains it well!! So trade accordingly
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.
Escorts is trading below strong support of 545. It's 200 EMA is also around 545. Formed a small range just below support, which has now become resistance for it. Buyers are active in this region as the delivery percentage is quite high. Deliverable quantity is above average.
Descending triangle is usually a continuous pattern. If it breaks triangle's baseline...
Titan is making H&S pattern at the peak of its uptrend. Looks to be a good case of probable trend reversal.
Once right should is complete titan can go as low as 520.
Apart from H&S pattern Titan is also making bearish triangle pattern, making lower highs while not making higher lows. Once the triangle is broken on the bearish side it will complete H&S pattern...