👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
GEPIL ; As you all can see this stock has formed wedge sort of a pattern earlier. After giving a clear breakout+retest structure it is now forming symmetrical triangle sort of pattern. Trend is now uptrend so breakout at upside maybe possible here. Don't be in a hurry to enter the stock, wait for proper breakout / breakdown of the triangle pattern.
After Break Out It gave an up move of 30% which we booked easily and also have shared here just before the BREAKOUT,
now the price has again come for the Re-test of that same trend line, it has high chances of moving up more than 32%.
Entry : 22550
STOP LOSS :21400 (5%)
PROFIT : 31220 (38)
If any doubt feel free to reach.
Thank you.
The stock break the major support (dynamic support )
we can expect fall in the upcoming day but
ill prefer to buy on dips coz its over all good company (long term view)
short term sell on rise
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NSE:STOVEKRAFT Levels are Mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational...
SBIN :- SBIN is slowly moving in an uptrend if we look at monthly candles. After so long it gave breakout from its monthly resistance line. It is now retesting the resistance line. If retest is successful and stock moves up , this will be best investment for long term , as this is monthly chart, also don't expect gains to be super quick, Consult your advisor or do...
TATA STEEL after breakout on 11th Jun retested the resistance trend line on 16th Jun. Probability of turning it into support can not be neglected.
After retest it likely to move bullish.
watch the move!!!
