Reliance Industries has formed a Symmetrical Triangle on Daily Chart.
Though its a continuation pattern, and the current short term trend is down in RIL
it is expected to give a downside breakout to continue to trend.
However, since anything may happen in the market, it's better to wait for Breakout on either side of the pattern.
India's telecom giant Bharti Airtel has given a cup and handle breakout on daily charts.
One can buy near 498.
For the target near 550 - 560 and app 595.
SL for shorter target stop loss can be below 480 , while for the longer target stop loss shall be below 457
Trade as per price action.
The US benchmark index has given a rounding pattern breakout on hourly chart.
Though the breakout was given just an hour before market close on 4th Dec 2020, but today's gap up has continued the upside.
As per the bullish breakout of the pattern, dow jones can touch app 30850 - 31000.
And as per the current chart scenario one can buy with a stop loss below...
International Gold , XAU USD has formed an inverted head and shoulder pattern on the hourly charts.
Break out awaited.
Upon break out Gold can touch 1850 - 1870.
Trade as per price action.
