Maruti has reached its support zone.
1) If red shaded area is broken then next target will be as mentioned in chart i.e 5649
2) If black line is broken then upwards target will be as mentioned in chart i.e 5875
Indian Telephone Industries limited has broken above from a symmetrical triangle pattern.
Initiate long when the stock retests the breakout point of 86-87.
Target 1: 100
Target 2: 104
Stop Loss : 83
Another symmetric triangle strategy. The stock could possible start a fresh bull rally to breakout of its long term trend channel. The stop loss at 420. Target around 560.
As per chart bandhan bank is forming symmetrical traingle pattern.If broken with volume then next target would be 350+.
Red shaded area is support zone i.e stop loss.
-the stock managed to break-out of the pattern today by taking out crucial resistance level in the market
-on lower time frames stock managed to break above the level of 440
-after lot of failed attempts it managed to surpass that level today
-the stock last traded price(ltp) is at 444
-the stock is now geared up for a big rally on the upside
-join the...
Bharti Airtel has been trading in a symmetrical triangle for the last few sessions. Price action within the triangle signals towards an imminent breakdown. Those holding longs in Bharti Airtel should exit. Those who want to go short, should either wait for an actual breakdown or go short around the third bounce (See the projected blue line). Once it breaks below...
