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So today I have come to show the pattern which formed on coalindia stock. it was triangular pattern and the Breakdown is happen today EOD , so as per that the bullish support candles will be form for upcoming days (may be 2-3). Lets check on may 5 or 6 , 2022. my analysis was made on 1 hour chart.
#NSE:DEEPAKNTR formed beautiful triangle and all levels marked for practice.
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In a daily Chart, there is possible range breakout in OMAXAUTO, wait for the proper breakout and it should supported by volume. Target is mentioned in the Chart. Do your own analysis before investment. Its purely Technical Call.
We can see a great 10-15 % move in foreseeable future as, stock is making inverted head and shoulder pattern. Plus, it already has given breakout from Triangle pattern and after that it was hovering upside that means accumulation of stocks is also done by retailers like us. And in the last it broke today the neck line of former pattern. And along...
we should take entry after triangle breakout but there is a hidden counter-trendline (red ) which is act as a resistance
so for the safer side, the entry should be after closing above the counter trendline.
targets are- 100, 104 &119
Gold prices have been in a choppy range between $1,915 and $1,950 since the start of April. In doing so, the metal observes a short-term triangle formation, suggesting a further sideways grind. However, sustained trading below the 200-SMA and sluggish oscillators keep sellers hopeful. That said, a clear downside break of the stated triangle’s support, around...
The analysis is done on hourly TF hence price may take hours to few days in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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