Nifty is under consolidation
- as shown it is going through the yellow rectangle
- And on D1 its going to be a Triangle pattern
- I shall wait till it crosses the trend line
- Considering the world wide markets, I expect the bullish breakout of this triangle
Price is about to breakout from an ascending triangle formed on Balaji Telefilms. Good opportunity for long entry. Enter only if price breaks out and closes above the triangle.
#Target 1: 102
#Target 2: 112
Symmetrical Triangle pattern is formed on ONGC. Wait for price to break out from the triangle. If it breaks out upward, go long. In case of downward breakout, enter the short trade.
Target in case of upward breakout: 217
Target in case of downward breakout: 188
Price is about to breakout from an ascending triangle formed on Sobha Ltd. Good opportunity for long entry. Enter only if price breaks out from the triangle.
#Target 1: 290
#Target 2: 305