Triangle
Mighty Nifty - May 13Price did not have trending movement on Friday. And still price is weak. So what will be the next move? We have two patterns.
Pattern : Triangle, channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 22080.
Stop Loss : 22040.
Targets : 22120, 22160, 22200 and 22240.
Sell below : 21980.
Stop Loss : 22020.
Targets : 21940, 21920 and 21880.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Finnifty - May 7We had a very narrow range movement today. And we can see the price is at support now. Price has formed a descending triangle pattern also.
Buy above 21840 with the stop loss of 21790 for the targets 21880, 21940, 22000 and 22060.
Sell below 21750 with the stop loss of 21790 for the targets 21710, 21660, 21620 and 21580.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
BIRLACORPN - Looks Good!Script : BIRLACORPN
Time Frame : Daily Chart
Type Of Pattern Identified : Symmetrical Continuation Triangle pattern
A Symmetrical Continuation Triangle pattern , is typically seen as a bullish continuation pattern. This pattern usually indicates a temporary consolidation before the price continues in the direction of the prior uptrend.
Traders often look for a breakout to confirm this pattern, usually with increased volume supporting the breakout.
This breakout suggests a potential continuation of the uptrend.
Remember to consider other factors and confirm with additional analysis before making any trading decisions.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade