The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.
Trend: In order to qualify as a continuation pattern, an...
This is also a converging triangle formed with one flat horizontal line on the top & an inclined line meeting at a common point as illustrated in the chart.
The flat horizontal line act as a resistance for the prices & the on the inclined line the prices take support. It’s not necessary that the ascending triangle formation takes place only in the bull market,...
Liberty Shoes is looking bullish in the monthly time frame and we can witness a great rally in this stock till 415 & 520 and even more, so keep this stock in your portfolio for short term above 370 only that too on closing basis.
#NSE:TATAMOTORS bounced from TL support and consolidating from a month.
Trading @ resistance with good volumes, BO may give good momentum.
SL: As per Risk/TL
Levels marked on chart !!
#NSE:ULTRACEMCO formed Beautiful
Inverse #Headandshoulder (W) pattern
Trading @ major #Resistance.
TL & Resi BO may show good momentum with small pull back, rejection from This level may consolidate.
Levels mentioned on chart !!
There's a trendline which acts as support for the stock in 1 hour time frame, chances are that it might take support at the trendline again, if that happens we can take a short term entry on the stock and hold it till it reaches 143 levels as there is a resistance. If the price doesn't go back to the trendline to take support instead moves up and a...
After giving a multiyear breakout stock is rising in an impulsive manner and broken the parallel channel which suggests that a third wave is in progress. The Stock is forming higher highs and higher lows in all the time frame which is the basic definition of an UPTREND. The previous resistance zone of 200-215 shall act as a support in the coming months and stock...
#NSE:FDC tested its resistance multiple times from the past one year and give BO with very good volumes,
Few chances to for a small pull back and bounce or If volumes support can continue the momentum.
Expected targets 320/330/345+.
SL as per ur Risk capacity.
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94 on the upside
49 on the downside