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Breakout-pullback

Raymond : The Complete Man !Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above : i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine. ii) If you don't trade simple patterns, then you can consider this as simple pullback to retest 810's, so on Reversal confirmation go for long trades, if its in your plan If you go for hourly timeframe, you can see more of ranging market in Raymond which awaits a breakout & the downside breakout : lets not play with it. So if only the upside bullish momentum is seen, we get long in Raymond. Happy Trading !
NSE:RAYMONDLong
by InsiderB
2
HDFC triangle breakout pullbackThe stock has broken out of an upward sloping triangle with good volumes. The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy. The RSI's overbought signal indicates the same. A very great stock, also considering the pressure on PSU banks, private banks like HDFC would do well. Medium and long term trend is up. (50,100,200 MA's) Target, let your profits run until you get a clear reversal signal.
HLong
by HarshShivlani
2