Reliance has broken a rectangular pattern in daily time frame and it is at all time high levels and in upward momentum.
.
Reason to Buy after Retracement:
1) Pattern breakout
2) Good volume at breakout
Indicator supported this breakout:
1) Bollinger bands
2) Moving Avg.
.
Planning on Buying at retracement. Stop loss will be below immediate support level.
.
Hault...
Axis Bank Limited : Private Banking Company ( NSE:AXISBANK ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern....
RBL Bank : Private Banking Company ( NSE:RBLBANK ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High...
Container Corporation of India Limited ( NSE:CONCOR ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or...
Voltas Limited : Home Appliance Company ( NSE:VOLTAS ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or...
SBI Life Insurance Company : Insurance Company ( NSE:SBILIFE ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...
Grasim Industries Limited : Textile Industry Company ( NSE:GRASIM ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...
Bharti Infratel Limited ( NSE:INFRATEL ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing...
Federal Bank Limited : Private Banking Company ( NSE:FEDERALBNK ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...
Price as discussed earlier ( see related ideas link) took pattern support and breaks the pattern. In a 2 days time price almost moved 200 points which is a super bullish movement for the script.
All one has to do is buy a stock at support after drawing a perfect pattern.
Buy above 974 for 6,14,25+++
Sell below 960 for 6,14,25+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
