HEY GUYS, NOW I AM HERE TO SHOW YOU THAT IN CHARTS WE CAN SEE THAT SBIN HAS BROKEN ITS ASCENDING TRIANGLE PATTERN AND NOW IT HAS BEEN CONFIRMED THAT NOW IT CAN GO UP. SO, WE MAY SEE THE BULLISH MOVES IN SBIN.
Engineers India has been on a down trend since December 2017. This stock has been consolidating for months in the form of a triangle and has now finally broken out. Its certainly worth timing your entry for a SHORT ride.
Vedanta has been in a down trend for about a year and half. This stock has been consolidating in the form of a symmetrical triangle which now appears to be broken. It does look like a good opportunity to join this SHORT ride!
Triangle pattern observed in Nifty Bank. Pattern looks to have confirmed suggesting a Bullish outlook. Target depth of triangle is around 425 points. With confirmation of pattern occurring at 31385, Target of the pattern comes in at 31810.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider...
DMART looks set for a recovery. We could observe a confirmed bullish Ascending triangle pattern. Target of the pattern comes in at 1480. However, the price was rejected by the trendline resistance at around 1420. Going forward, if the trendline is breached expect the stock to raise towards the pattern target.
(Disclaimer: Our charts and contents are just for the...
VIP Industries in recent weeks is in a sideways trend since February. Taking a broader look we could find the price action is forming lower highs and higher lows leading to a triangle pattern.
Currently, the stock looks to be in the middle of both the patterns and only a breakout could give us a clue on next big swing. It would be wise to get in if either 485 or...
Engineers India has been in a down trend since December 2017. After consolidation of several months forming a triangle, the stock finally appears to have broken out today. ITs certainly worth checking this breakout is sustainable and then join the LONG ride!
Britannia industries has finally broken out its months of triangle consolidation.
It appears to have broken this out on the SHORT SIDE.
After a confirmation of the breakout, its going to be a nice and SHORT ride :)
Reliance Industries has been in a uptrend for a very long time. The stock has been consolidating at a strong support zone for more than a month and is now broken.
However, its important to confirm support on the broken side of the triangle and then enjoy the LONG ride!
EUR/GBP is limping towards north with subdued momentum.
The brexit uncertainty is set to continue for six more months. Hence, the pair is unable to find a trendy move.
Technically, the pair formed an ascending triangle pattern and broke its resistance of 0.86543.
Since there are no fundamental triggers to act in this counter, it is set to hobble its way to the...
The much awaited breakout happened in Maruti In the week before the last one only. But, it is better to not fall prey to failed breakouts. Hence I waited this week to confirm the breakout.
1) Strong Chart patterns —
Triple bottom formation with triangle pattern breakout.
2) Reclaiming 20WEMA —
So the actual wait was not just the triangle breakout,...