Texrail attempting to give a bullish breakout from Triangle pattern on 1D timeframe with rising volumes. Enter after resistance trendline breakout confirmation.
ICICI BANK SPOT CMP 917
Chart pattern study
Time Frame :- 240 mins
Symmetrical triangle pattern formation
Bearish divergence on RSI with respect to price
Suppy resistance zone around 922-936 levels
View gets negated above 945 levels on closing basis
Range of 922-936 should be used to exit long positions
Fresh investment recommendation above 945 levels
Down side...
NSE:AUROPHARMA
Strong Breakout Candle formed with Volume.
Multiple Breakouts from
a) Falling Trendline Pattern of many months
&
b) Symmetrical Triangle Pattern
CMP moving above 20 & 50 Day EMA and RSI moving in Bullish Zone
Target : 554 - 600
SL : 510
R: R - 1 : 2
Time Frame : 1 to 4 weeks
NSE:JKTYRE
This Pattern is bullish symmetrical pattern
after a strong bullish candle closing above (T1) then we can initiate a long trade
put stop loss on low of candle on (T2) line
NSE:BANKNIFTY is Trading in a narrow price range from date 24 nov to 4 nov.
41,500 is crucial level for banknifty. Its a strong resistance or supply zone. Banknifty is trying to break this resistance. On Nov 1 it succeed to break resistance but not able to sustain. Also this level is tested for multiple times.
On the other hand, 40850 is strong support. 2...
Railtel breaks out from resistance of triangle pattern on high volumes on 1D timeframe. Initiate long position. Be wary upcoming earnings. Follow stop loss and target appropriately.
