As we can see PEL is in a DESCENDING TRIANGLE PATTERN
Will take the entry above 1710.50
For the targets of :-
Target 1 :- 1766
Target 2:- 1842.90
Target 3 :- 1909
Target 4 :- 1987
Stop Loss :- 1649.50
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Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as...
Falling wedge pattern / triangle pattern has been broken with a strong volume, price has taken support on previous resistance and support and has bounced on 200 ema, price has even broken 50 ema, macd and stochastic RSI have signaled buy.
NSE:ZUARI Levels are Mentioned in the chart... Look for Swing...
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The silent stock from paint industry i.e. Berger paints is almost ready to boost like a rocket. It has formed an triangle chart on daily time frame and just check the volume on 14-05-2021. A potential big move can be seen and target is clearly marked on the chart with purple rectangle for further reference.
Price taking support from a raising trend line and meanwhile it forms a triangle pattern. one can wait for the break and enter the trade else one can enter long when price reaches the support line with stop loss below it.
Price has given a strong breakout from the triangle pattern with a strong marubozu candle and with huge volume, from near the support area. Price has even broken 50 ema. MACD and stochastic RSI too are giving buy signals.
After breaking the triangle pattern, DOT is now re-testing the trend line and has a strong demand zone below it. It is advised to buy above demand zone.
Educational purpose only - trade at your own risk.
This time I bring to you a brand new analysis PIDILITE. Going to break equivalent triangle for the second time on DAILY CHART. On the other hand, Moving Average(44) is also supporting the bullish analysis.
One can look for buying opportunity between 1830-1850.
SL - 1775
TARGET - 1950-1960..........
HAPPY TRADING :):):)
The stock has formed lower high and lower lows resulted in a symmertical triangle pattern and now the stock breakdown so we can expect some fall in upcoming days
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Seya industries look bullish from here. Triangle price compression happening on this script.
Expecting short term target up to 110 and long term 250.
Its for Long term investment
Seya Industries is engaged in manufacturing of Speciality Chemicals intermediates.
Book Value = ₹ 345