Symmetric Triangle pattern formation on Auropharma on 15 mins timeframe and it may break either. Normally Symmetric triangle pattern only to break either and other two triangles won't break either side. Will explain on another chart about other triangles. Trade for Long: Buy above - 666.50 Target 1 - 668.75 Target 2 - 670.60 Stop Loss - 664.50 Note - If the...
Nifty is in a symmetric channel where there are 3 possibilites... 1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction... 2. It May continue sideway move and give upside/downside move after few days 3. Breakdown, through which we may conclude that the nifty is ready for bigger...
VIP Industries forming Symmetric triangle.... very soon we are going to see a breakout.. RSI is heading towards downward direction in daily charts... And in weekly and monthly charts it is looking little overbought ... May this scrip heads down for a correction.... I am neither bullish nor bearish... Just waiting for the breakout candle and trade with that...
Nif ty trading locked in the trading range, range bound trading won't offer more, better wait for the breakout- veer te chnical analyst
Triangle formation on Reliance. in this triangle price will break any side, either long or short. hurdles for Long - EMA 50 acting as resistance and MACD, STO and RSI all showing bearish trend. Anyway keep until the buy or sell initiate the level. Trade Idea: Long Buy above - 1000 Target 1 - 1006.50 Target 2 - 1012 Target 1 points gain - 6.5 Target 2 points...
S&P 500 has broken trendline support on weekly chart. Monday will be crucial to know in which direction it is going..till then it is wait and watch