RBARBA is in a consolidation and as per the volume some big moves are expected.
NOTE: I'm not a SEBI REG. Study before investing.
Restaurantbrands
RESTAURANTS BRAND ASIA - SWING TRADE IDEARESTAURANTS BRAND ASIA - SWING TRADE IDEA
1. Uptrend Channel Breaks out at 115.
2. Comfortable open and close above 115, so the next target will be at 125...
3. Quick Swing trade for 10 points.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Restaurants brands asia (Burger King) about to breakoutI am new to technical analysis and I observed whats mentioned on the chat. Please like if you agree or want to suggest something.
On longer term its creating a symmetrical triangle, which is about to break. On short term its has created an ascending triangle. It had breakout and retested the levels. Very close to its 200 day SMA. Once it breaks the trendline, it can be a good buy opportunity.
I am learning so its not a suggestion or recommendation.
BURGER KING.... BUYTriangle breakout. Negative news around and the price had retraced; make use of it to accumulate.
Can buy and keep for the short term, say for 2 to 3 months. Targets 178 (5.5%), 188(11.5%) and 200 (20%).
