After more than a year of consolidation, ULTRATECH CEMENT finally appears to have broken out its triangle consolidation. Its certainly worth checking if this breakout is sustainable and then enjoy the long ride. Expect 1000 points move on a good breakout!
today i missed to upload.
traingle pattern breakout buy above 945 target 951 sl 939.
now for tomorrow buy above 952 target 960 sl 944.
upl has resistance area 963 zone if it breaks and sustain for 15 min go long for positional target 993
Tata Motors appears to have finally broken out its 6 months of consolidation in the form of a triangle.
The breakout looks promising although it's important to check this breakout is sustainable before entering long.
On weekly chart it shows short and trend seems to be Short,
It is possible for a bounce back momentum play on long side
Looking at triangle formation and Fibonacci retracement levels
Possible to go long @ current level with stoploss at 26639/600 for target insight at 27000, 27112.
At 27000, 27112 seems to be a possible resistance level.
Technical bounce back...
NSE: JustDial Dialing Breakdown below 459 to 410
Brief 1 year price range consolidation 640 to 360, price oscillating between this range
Chart is showing weakness built up. Triangle formation shown bearish move.
One can initiate Short at current level @ 476 with stop loss 498/512 for a target of 459, 410.
Break below 410 can push price further to 370.