AMBUJA CEMENT Has Given Triangle Breakout With Decent Volume. It Can Reach To The Target Of 280.
M&M after completing a Ending diagonal in the downward impulse made the thrust up. Expected Wave could could be A completion. Entry: two part entry at 1283 and 1277 SL conservative: 1260 SL aggressive: 1271 Target: 1323 and if like part booking 1310 is a option Expected hold period minimum: 5days. Entry 1280 Average entry 1283 & 1277 SL ...
Cipla weekly looks in a Triangle correction. prefered counts is Wave(4) and alt count is (X) so cipla is going to get choppy for sometime. I feel its better to avoid long term longs in this counter Long term positional short SL 645 CMP 592 TGT 537.5/430 Remember D leg comes around 537.5 after which E leg pullback towards the barrier is expected. Trade at your...
Strong Inverted Hammer on daily chart. Descending triangle. May break on either side. Position to be taken based on where to it breaks. Weekly chart shows clear indications of a downfall.
NSE:DRREDDY is at the bottom edge of the descending traingle. Levels and zones are marked. Trade accordingly. Cheers !
It is been observed that some of the charts are forming a symmetrical triangle on the daily chart which can provide good returns in coming days. On verge of Breakout: 1. Hindpetro 2. South Indian Bank Successful Breakout: 1. Hexaware 2. SRF Regards
It is been observed that the price action is consolidated within a triangle formation on the daily chart and now the price action breaking out from the triangle indicating strong bullishness and buyers dominance over the price action. Buyers shall further take price action higher and continue the trend. Target 1: 760 Target 2: 780 Stoploss: 720
The stock is showing strong support at the 4080 levels. The current pattern shows a descending triangle, constantly testing this support level for the past 3 months. The descending triangle is showing exhaustion as indicated by the Accum/Distribution trend. The A/D is a leading indicator that takes into account volume aspect of the trade as well. One should expect...
Descending Triangle on BPCL. Trade: Short below = 701 Target = 694.50 Stop loss = 707.50
As we can see 20410 was upper resistance, while in consolidation volume was low, made higher low , Break out with burst of Volume, as prior trend was upward, its continuation pattern
Price is about to breakout from an ascending triangle formed on Sobha Ltd. Good opportunity for long entry. Enter only if price breaks out from the triangle. #Target 1: 290 #Target 2: 305 Happy Trading!!!
Descending Triangle on Oriental Bank. MACD on Bearish and RSI below 50. NOTE: This chart recommendation for positional, not for an intraday. Trade: Short below - 118.60 Target 1 - 116.65 Target 2 - 114.50 Stop loss - 120.60 Risk : Reward => 1 : 2 Reward Points - 4.10 Risk Points - 2
Descending Triangle on PNB. NOTE: This chart recommendation for positional, not for an intraday. Trade: Short below - 139.00 Target 1 - 136.80 Target 2 - 134.50 Stop loss - 142.40 Risk : Reward => 1 : 2 Reward Points - 4.5 Risk Points - 2.5
Good trading opportunity in the stock exists. Ascending Triangle broken combining the Flag pattern and it seems that if has already shaken the weak traders today so upward journey may be smooth now. Buy now or or dips depending upon the risk taking capacity where stop loss of 39.20 suits to you. Target 43.50
Trade buy above - 285.80 Target - 289.80 Stop loss - 283.50
Nicely formed Descending Triangle has given breakout today. Action Reaction method of Andrews suggest that price can easily reach 1970 - 2000 in coming days. Stop Loss 1780. Good Risk to reward ratio.
Symmetric Triangle on Axis Bank. NOTE: if RBI policy on positive then go long otherwise false break-out may happen. Trade Buy above - 488.50 Target 1 - 491.50 Target 2 - 493.50