Affle India: Triple BottomNSE:AFFLE is in making of Triple Bottom. One can take long trade only after breaking of Neckline.
Patternformation
Pattern in Formation :Radico KhaitanIn NSE:RADICO the Rounding bottom is in Formation. Long side can be taken after the breakout of neckline. The Price Objective for the same will be the Height of the rounding bottom to the neckline (If the pattern is completed). The stop loss for the same can be determined after the completion of pattern.
Will the pattern complete?
* It is my Analysis and not Buy or sell recommendation.
Descending triangle pattern formation Trend: End of Short downward trend
We have seen a descending triangle pattern in PNB Housing which has formed between 15th Feb 21 - 10th May 21. On 11th May, it broke the resistance level forming a green candle and with good volume. The green candle formed on the 12th of May confirms the positive breakout.
Buy price: 382-385
Initial Stoploss: Aroung 360
Total Predicted upward move from breakout = 27% (Price level of around 465)
Target1: Around 398
Target2: Around 415
Target3: Around 435
Target4: Around 450
