After the Bearish Divergence the stock corrected from 1620 to 1210 and now we see a Bullish Divergence formed at the bottom of the Parallel Channel.
A Symmetric Triangle is also formed and a breakout on the upper side is very likely.
The relative strength also is turning positive again against its Index.
If all goes well the minimum targets as suggested should...
Symphony has given smart symmetrical traingular breakout done on weekly closing basis. Use dips till 1000 for 1400,1650 with sl 930-950 range on weekly closing basis. Overhang of Mid cap exclusion has been done. Summer is going to be schorching one. Smart accumulation done already indicated wth encircled volumes
Ethereum moving in a symmetrical triangle pattern and is consolidating near its short term resistance zone. If it starts trading above 1690 it looks good till 1830 level.
LINK has given a breakout from symmetrical triangle pattern in 1H timeframe for a target of 28.25 in the short term. Let's see how the view holds.
Disclaimer: - These views are for educational purpose only and not a recommendation.
2 weeks low - 401
50sma - 400
symmetrical traingle formation
keep this stock on radar -
tomorrow's close if breaks 401-400
can go short for next week
disclaimer - trade @ own risk
Hit The like button if you liked the idea
--- Trade was given on -11 -FEB -2021
--- Got 57 likes & few comments
Trade was Closed in PROFIT on 22- FEB -2021
bought @ 902
booked @ 998
PROFIT booked per lot = 10%
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👇👇👇👇👇👇 CLICK the chart...
#BPCL breaking out of a symmetrical triangle. 680 the price target in a period of about 12 months with this month's low of 380 as the stop loss.
Time Scale : Monthly
![NCC: [Positional] NCC good for 42%](https://s3.tradingview.com/v/vqSYHgdj_mid.png "[Positional] NCC good for 42%")
