The price of BPCL has been in a nice narrowing consolidation over several months now. I am expecting a breakout or a retest of the 415-420 levels with the upcoming earnings catalyst in the first week of Feb which would make this a good time to enter a long position for a medium to long duration as auto sales in the last quarter have been impressive. Entry could be...
All the multiplex theaters are consolidating for longtime. some places have already opened theaters with strict covid rules. I guess any proper vaccine news can move them up and giving a breakout.
Inox formed a symmetric triangle, which when breaks the resistance along with volume activity may be the indication of Long entry.
stop loss may be placed according to...
BTC Symmetrical Triangle can Breakout or Breakdown ? It will move in either direction , but smart margin trader will earn very handsome income in either case. So this is my advise to take advance orders according to levels as per my opinion. This is not financial advise, profit and loss is yours.
1) DISHTV has been trading within a symmetrical triangle on weekly chart
2) 110 and 68 are going to be important levels in deciding the direction in days to come.
3) Triangle median is at 86.60 which is also going to be very important level.
Symmetric Triangle on EURUSD and it may break either side.
Trade for Long:
Buy above - 1.05490
Target 1 - 1.05780
Target 2 - 1.06070
Stop loss - 1.05105
Trade for Short:
Short below - 1.05100
Target 1 - 1.04870
Target 2 - 1.04505
Stop loss - 1.5490