KSCL Heading Toward 900?Based on the weekly chart, KSCL has broken out of a long descending triangle/pennant. A measured move of the flagpole gives a target of 900. Fib 1.618 extension also shows tentative 900-910 on cards.
Descending Triangle
Mahindra & Mahindra (Triangle Pattern or Cyclic Double Bottom)Scenario 1: ( Triangle Pattern )
If M_M Price forms Descending Triangle pattern. Then is a Chance for Break out @ down side, If So
Then the Entry Price Should be730
1st Target is 681.25
2nd Target is 663
Stop loss is 742
Scenario 2: (Cyclic Double bottom )
If The price Breaks above 781
Then the entry price is 781 after retesting the Zone from 798.
Target is 823
Stop loss is 766
Watch out for Multi Year Breakout - Descending Triangle PatternKesoram Industries is involved in the business activities of Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement.
The Stock is about to break a multi year trendline resistance. There has been a continuous rise in volume in the stock indicating there is something cooking inside.
The RSI well placed at right levels.
The Company's operations are good. However, the only concern is its high Debt. That's the sole reason behind laggard performance of the stock. The Company has repaid its Debenture holders with Zero Coupon Convertible Preference Shares thereby reducing the burden of interest payment. Further, the Company is also planning to raise more funds to become debt free. The Company is planning to come up with Right Issue as well.
The Stock has a bright future ahead after the debts are repaid. As we all know, Cement sector is likely to be performing well keep in mind the infrastructure demand in the country.
Perfect bet for long run. Can be a multibagger. Keep Accumulating for Long term.
Marico - Descending triangle patternPrice forming descending triangle pattern and breakout is due on monday.
Quick Heal - Ready to breakPrice formed descending triangle pattern and it is getting ready to break.
ITC 1h time frameITC clearing making a descending triangle, should probably fall. Do wait for a confirmation before you enter and also if the market turns very bullish it may go north also.
Trade wisely...
Suntv Descending triangle I'm expecting breakout, buy after the break out with the target of 600++ in upcoming months
ITC Ltd Technical Analysis .Hello friends after a long time , I am Again Back with a New Idea, So Today we are going to Talk about ITC Ltd . As you Know its a FMCG Company . So on 1 Day Chart it is making a "Triangle Pattern" . If i Talk About Targets , So Targets will be :- 221.10 Rs , 229 Rs and 240 Rs . So Now Lets Talk About Support and Resistances . So from Its Pivot Points .So its Major Support Is 201 Rs . Volume has dried , Rsi is in Bearish mode and Price is also going Down , Earning Reports will come on 19 May . So From my Opinion it can go "Up" because its on the lower side of the Triangle and so for it can go "Up" and it can go down because FII and FPI are taking out their money from our market due to Covid 19 and please remember that we don't give you any kind of buying and selling guide we just only give you our analysis . PIease Like because we are having a shortages of Likes .
If you have any Doubt Related to This Idea , This Stock or any other Stock . You can comment me Below . And If You Have any Advice For Me Just write it Down . And also write your opinion on this stock . Stay Safe . Thats all For Today . Bye Bye For Now . 👍
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TATA CONSUMER ANALYSIS#DESCENDING TRIANGLE FORMATION
#FOLLOW MONEY MANAGEMENT & RISK MANAGEMENT
#FOLLOW SHARE LIKE FOR DAILY ANALYSIS
DESCENDING TRAINGLE ON NIFTY LOOKS BEARISHNIFTY HAS TESTED 14000 LEVEL , IF IT BREAKS BELOW TRIANGLE IT WILL GIVE LEVELS OF 13900 AND 13600
THNK YOU. HAPPY TRADING
TATA MOTOR ANALYSIS FOR 22/04/2021TATA MOTOR ANALYSIS
WATCH LEVELS
FOLLOW AND LIKE IF YOU WANT DAILY LEARNING
bhartiartl - Descending Triangle Price forming descending triangle pattern and it is going to break at the opening of tomorrow, It should break up and go up little before the fall. Lets see
Banknifty - Ascending triangle patternPrice should break the triangle and move little up within the end of todays session.
ADANI PORTS ANALYSIS FOR 19/04/2021DESCENDING TRIANGLE PATTERN FORMATION
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PAGE INDUSTRIES ON 15 MIN CHARTThis analysis is on request of one of our followers.
Page industries on 15 min has formed a Descending triangle. Now the most confusing part of this price action pattern is that, it’s neither a reversal pattern or continuation pattern but in fact it’s called NEUTAL PATTERN, which means that this pattern can give a breakout or a breakdown or in simple words in can break upward approach downward & traders have to be ready to trade to the respective trend. The target is usually similar to the middle range price area of triangle.
Page has already given a breakout and achieved the given target set by the chart pattern. We suggest to hold on for some days & let the big players come in and take Page out of range market( haven’t entered yet, but it might end up in range).
Hindalco good short candidate.Hindalco spot cmp320
Good short candidate in range 320-325
view gets violated above 330 levels on closing basis
Down side targets of 303-296-291-285
Time horizon 15-20 trading sessions..
Counter have given breakdown from demand zone of descending triangle formation..
RSI have given breakdown,,,
Good short candidate,,,
