Levels mentioned on chart. Target of 1:2 mentioned on chart.
Stock is having a good fundamental. also making a triangle pattern. Wait for a breakout or can hold for a long or large short term.
NSE:VEDL VEDL gave a breakout from the symmetrical triangle pattern on 4th October with higher than average volume and after giving one green candle after the breakout it retraced back to the downward sloping line and it started retesting. It didn't breakdown below that line confirming that the uptrend is still in place.
Why should you take trade : 1. Good Fundamentals and business. 2. 50 & 200 Ema Support 3. RSI - Below 40 4. Volume increased in recent time. 5. tomorrow it can form morning star for confirmation Avoid if candle open below trendline
EXPLANATION : This is a 45 min time frame chart of HDFCBANK , It has been in a consolidate for day and has formed an Ascending triangle pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on HDFCBANK . If give a strong breakdown and broke its trendline support with high volumes and retest the same , I...
NSE:UNIONBANK has just closed above the Triangle Pattern and is poised for a good movement upside. Put this stock in your watchlist for a 10% upside
Follow Trend lines, Another breakout expected in few days
Trading at the good support. If breaks 17940 then can go short for 17840. On the upside day high will act as resistance. sustaining above 18k will push market to 18145.
We can observe an ascending triangle pattern Buying Price around 174-175 Target of 200 Stoploss of 165 or as per your risk tolerance Timeframe: 15-30 days Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
M&M : CMP 775.45 trade set up : buy above 783 keeping stop loss as 760 on closing basis targets : 805/843/867/912/940+ technical buy based on : 1. triangle 2. breakout concept 3. volume 4. bullish engulfing 5. trend line resistance breakout
Ascending Triangle and Rectangle forming on 4H Chart of CHAMBAL FERTILISER. BUY CMP/322.10 -> 340, 350, 360, Support/SL 300, 293, 280, 275-6. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Triangle forming on 4H Chart of NESCO. Currently consolidating/sideways- BUY CMP/601, SL/Support - 588-89, 576-77, 560, 550, Target(s) - 615, 625, 635, 650, 665, 685, ATH. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Watchout for Breakout tomorrow. Everything is mentioned in the chart.
Trading at 50 & 200 SMA Support Buy at the breakout from the triangle for the target mentioned in green.
This scrip is in an uptrend for a while and today it had given a strongbreakout from the triangle pattern as well as from C&H pattern with strong volume, so i do expect a bullish move in this scrip in coming weeks after a small consolidation as RSI is quite high so it may cool down in coming days before a up move.
Major support from 38180 to 38100. Short Below 38100
Buy at the breakout from the triangle for the targets marked as green.
Buy once breakout from triangle, SL below the breakout candle.