POWERGRID is forming A descending traingle , Look for opportunities at either side break of triangle
Entry : Long Abv Upper TL <=> Short below Blue zone
Stoploss : Discretionary (Closing Basis)
Basic Target: 10%
" Idea by Malkiat Singh"
if you have any queries regarding above idea or any other stock feel free to D'M
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TCS: 09 Apr 2019: Multiple chart formations:
Cup and Saucer Formation & Ascending Triangle Pattern Formation taking shape for TCS at current price level of 2,085. Buy volume increasing from last 3 day trading sessions. TCS will present result on 12 April 2019. If the result is good then breakout can be seen for an upside with target at 2,300 price level (10.30%...
Reliance is forming SYMMETRICAL TRIANGLE in 4H 1H 15M timeframes along with decline in OPEN INTEREST -40.91%.
According to book TRADING FOR A LIVING BY DR.ALEXANDER ELDER- When open interest falls sharply while price are in trading range, it identifies short covering by major commercial interests and gives a buy signal.
TWO SITUATION ARISES-
1. If we ignore open...