Stock gives breakout of Symmetrical triangle pattern with very good volumes. Volumes are highest today in last 6-7 months. So it unlocks a good Swing trade setup for decent returns.
Stock is accumulating in Symmetrical Triangular pattern in a daily time frame. After consolidation period of 9 months stock has firmed strong upward move with good volume and more likely to break its resistance. If we see RSI, it's also indicating a big momentum is on the way. We will wait till its trend line is broken, if it does and sustains above the Line that...
Buying Signal in UBI with Three Green Hammers and Rising Lower Low. MACD cross over and RSI cross over supports the idea of buying. The important levels are marked on chart.
Summary :
Buy above 73.60
SL @ 70.50
Targets : 77.80 , 83.36 , 89.05 and 94.17
This study is only for education purpose and shall not be considered as TIP to buy or Sell.
Good Luck !!!
SWING TRADE OPPORTUNITY
The level of 88 is very crucial for the stock. Since Feb 2022 it breaks this level only once and recovered immediately. It is showing utmost respect to this level as shown in the chart. And on top of that it is forming symmetrical triangle. So it unlocks a good Swing trading opportunity for decent returns.
MATIC 1-hr. Chart Analysis
CRYPTOCAP:MATIC still moving at present into symmetrical triangular pattern of Bearish mode and soon with in 24-48 hrs, it will be reach out their first Lower-Low mark of 62-80 cents again.
Always #DYOR & Trade wisely by using #StopLoss
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Symmetrical Triangle is witnessed with the price taking support at the edge of the triangle.
Expecting a good move here since the MACD is also well poised to explode.
Berger Paints India Ltd
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Reversal of Symmetrical triangle Pattern .
✅ It can give movement upto the Reversal target of above 593+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 637+.
Don't be aggressive
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strongest resistence- 44500
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if there is possibility for bullish--
entry: 44300
target-44500
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If down trend starts
entry:44300/ 44000
t1-43680--t2-43000
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possibility for stoploss hunting will be there.
Don't trade in "no trade zone"
Trade carefully.
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after breaking yellow box mentioned,
trend will be confirmed.
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refer old ideas.
REC
T1- 135
T2- 161
SL - 96
Time frame - Monthly
Study - Symmetrical Triangle pattern (Continuation Pattern)
This chart is only for educational purpose.
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
trendline is now broken,
wait for small retracement and weakly candel to close
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
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overall "TATA STEEL" fundamentally good stock.
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refer over old...
Yes, we can do swing trading in this beautiful rectangle pattern. We can see it has given a breakout in smaller time frame as well. we can buy at 116 using stoploss of 6% only if it's sustaining above the line, we can aim for at least 15%.
Fivestar Business finance has been consolidating in a symmetrical triangle pattern from its listing in late 2022.
The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly.
The immediate support for the stock is its previous swing low of around 525.
550-555 is a best buy level for a good risk reward...
