Bpcl Triangle Pattern and also a flag pattern looking good for Bullish Breakout but will wait For breakout confirmation and Lower trend line will be stoploss
15 Min TF showing a flag pattren is being formed .
Lets wait to form it properly ......
~~for confirmation go to 3/5 min TF and identify the Highs and Lows
The analysis is done on monthly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
NSE:SBIN
The prices have given the breakout from the flag pattern on the 4 hour charts. Previously the stock gave the breakout from a triangle pattern and after that now made a flag and gave a breakout. The prices are above the moving averages which shows bullishness. The MACD has turned bullish. The RSI is above 50 which shows good momentum. The view is for...
Post is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
