#OBEROIRLTY ABLE TO CLOSE ABOVE 200EMA .
ONE CAN PUT sl just below the 200 EMA LINE .
also it formed a H & S PATTERN.
KEEP IN WATCH LIST.
personal view only
NSE:INDIAGLYCO is forming the Double Top pattern. Pattern will be completed after the neckline breakout.
Will the pattern complete, or will there be failure?
Why ?
- Attractive FA
- Momentum in Uptrend
- Still close to intrinsic value - Rs.305 / PE - 11.6
- ROCE 47.0% / ROE 35.0%
- Good profit growth of 66.04% CAGR over last 5 years
- Increasing FII in last 4 quarters
Given is the expected continuation of chart pattern +-5%
Disclaimer: This is not an investment advice. Please do your own research and consult...
After consolidating for about 7 months now...it is probably going to give a closing above its upper trend line today.
It will be a triangle pattern breakout..
Strategy -
- Watch for the next session if it continues the momentum.
- A retest back to the upper trend might happen.
- Closing above 820 resistance shall be a confirmed entry.
- Short term targets - 870/880++
Hello, borosil renewable short-term swing trade buy: 633 target: 712 stoploss: 597.
LOGIC BEHIND TRADE: Stock has formed w pattern on 1d chart & given breakout, pull back buying strategy (target identified from harmonic xabcd pattern level 0.886) stoploss is taken low of resistance candle. NSE:BORORENEW
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Simple and easy consolidation Channel pattern with good support of 200 EMA.
Don't Just draw pattern look for consolidation and price action inside the pattern.
