Breakdown of Descending Triangle Pattern. Today's Marubozu Candle confirms the breakdown of the triangle Pattern.
The next important level to consider is 365.
Crossovertrading
HDFC quick profit HDFC has finally broken out of the resistance zone after forming a beautiful golden cross as well as a flag and pole break pattern. Support has been provided by trendline
A limit order above the resistance zone and a target of 1589 is a high probability trade.
Tight Stop loss below recent candle low.
Keep It Simple
Tata Power Golden Crossover50 DMA crossing 200 DMA in Tata Power this week. "Golden Crossover"
Only for Educational Purpose.
MOTHERSONSUMI | BREAKOUT CONFIRMED ON WEEKLY CHARTS | LONG SETUPStock has given a breakout over it's neckline of the inverse head and shoulders pattern, with high volumes and buying crossovers on various oscillators. Stock looks to be in uptrend and buying will remain intact. Pitch right in and go long with the mentioned stop-loss, for the mentioned targets.
