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Symmetrical Triangle

Sterlite Technologies LimitedThis one stock is roaring bullishly in this bearish market, the stock has been rallying since the last three sessions and there seems to be no stopping in near time. After yesterday’s 4% rally, the stock again surged 4% in the early trade, as its demand is not seeing any signs of suppression. Finally, today it has given breakout with good intensity of volumes on daily time frame. If you think that the majority of the move has been missed, then you should have a look at the daily chart of the stock, which is eye candy to the bulls. Today, the stock gave a breakout above the trendline resistance of a symmetrical triangle chart pattern, after a long contracting range. Also chart pattern like cup n handle was broken today, along with lots of indicators supporting same bias, also wave structure is suggesting bullish impulsive bias. Elliot wave structure on daily time frame Breakout from symmetrical triangle with good intensity of volume Cup n handle chart pattern Price closed above RK's Magic level and also closed inside Mass psychological cloud in daily time frame MACD positive crossover and uptick above zero line in daily time frame MACD positive crossover and uptick in weekly time frame RSI uptick and above 60 in daily time frame Price challenging upper band in daily time frame DMI ADX positive in daily Price above 50, 100, and 200 DEMA's Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:STLTECHLong
by RK_Chaarts
3
Ready to blast Tejas 4%Tejas Network Ready to fire in 4% Book profits within the first 30 minutes of the market opening - Try to exit by taking 4-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall CMP- 638 Target Price 665 Note:- I am not SEBI Registered This Trade is only educational Purpose
NSE:TEJASNET
by kishan_Vyas
1