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Piyush-gupta

GLENMARK , Diamond pattern formation, About to breakout trendTime frame - 1 D Chart pattern - Diamond formation. 1. Diamond formation is at bottom of downtrend, signaling trend reversal. 2. Chart has already taken support multiple times around 486 levels. 3. Support is at important fibo level of 0.786 adding more conviction. 4. Now, if breakout is supported with volume the can give target of 615. 5. Risk : Reward ratio- 1:2.5 ; SL - 585 ; Entry - 520-530 #Diamondformation #Patternbreakout
NSE:GLENMARKLong
by ankitstockmarket7
2
Chart Of the Week (04 Jan 2021)*Stock has given a bullish Inverted H & S Pattern breakout on weekly chart & closing above neckline . *02 years long term trend line breakout already happened. *If we look at the volume part, significant volume activity is witnessed at the time of breakout. *Price has also trading all the important moving averages. *Considering all technical evidences we may see good up move in Tin Plate Co of India. CMP-167.00 RECO-Buy Entry Range-Rs.155-170 Target-225/325.00 Stop Loss- 145 closing basis Duration- 06 to 09 Months. Thanks for reading and kindly let us know if you have any questions.
TLong
by PrasantaP
1
Rectangle Pattern Breakout with High Volume*The 2395.00 area is a potential RESISTANCE breakout now and act as a support for now and at the same time this kind of pattern breakout (RECTANGLE) in price is sustainable and high probability. Risk is too low now. *This stock breakout the resistance level with high volume. *Price trading above all the moving averages. *Present trend and sector in bullish trend. All parameter shows a high probability buy set up with stop loss of 2300.00 closing basis.
NSE:LALPATHLABLong
by PrasantaP
3