Bullish Rectangle
TRENT-->BULLISH RECTANGLE BREAKOUTNSE:TRENT
TECHNICAL ANALYSIS
--> TRENT had made a impulsive upmove earlier and was consolidating in a BULLISH RECTANGLE since 6 months.
--> TRENT has given a breakout from a BULLISH RECTANGLE Pattern at 1225.
--> TRENT consolidated again in a smaller BULLISH RECTANGLE and has given a breakout above 1315.
ENTRY
--> Take a postion when stock gives 1 HR closing above 1320
STOPLOSS
--> SL can be placed below the Breakout Candle which is 1285
TARGET
--> Target will be the height of bigger BULLISH RECTANGLE around 1398.
XAUUSD - Bullish Rectangle patternPrice after the fall breaks the trend line and shoots up strong and now trading in a small range to form a bullish rectangle pattern.
Pattern is almost nearing its completion and the next step is breakout. Wait for the break and enter the market for the target of previous high.
Bullish Rectangle Trading Set-up - Awaiting Breakout Godrej properties - Price is consolidating and trading inside a bullish rectangle after a good impulsive move.
Price rallied from 575 to 900+ in an impulsive move in June 2020, took resistance at 0.618% retracement level. The price is hovering between 850 to 950 range for the last 3 moths.
A clear breakout is awaited above 965 to take a long entry.
Sl should be below 0.618% retracement levels, i.e is below 925-920 levels.
If price corrects form these levels and go below 840 levels before breaking out then this trade set-up becomes invalid.
NIFTY Rectangle Forming... Possible Breakup 11150Guys NIFTY form Bullish Rectangle Keep Watch and get profit on OPTION
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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