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Symmetrical Triangle

KIRLOSIND - Symmetrical Triangle Pattern - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:KIRLOSINDLong
by TradewithAditya
Symmetrical Triangle formation on Daily charts for KMCSHILKMCSHIL has a symmetrical triangle pattern formation on the daily chart. Stock has been consolidating from mid September. The RSI is not quite encouraging at 43, but seems has given a BO, While todays closing candle is just outside the triangle pattern. stock has form a a good base around 59-61 & held it well during past 1 weeks correction. Low risk : High reward candidate. Target can be 90 with an SL of below 59 on DCB. Disc: Invested, charts for education purpose only. Not a reco for buy/sell.
BSE:KMCSHIL
by amjai85