Triangle Pattern Breakout - NMDCTriangle Pattern Breakout - NMDC
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Trianglebreak
Banknifty Ascending Triangle Breakout ?Hello Traders,
More possibility of market opening Gap-up to Flat.
Is Banknifty ready for Breakout ?
Please trade accordingly to your understanding.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
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NSE:SBIN NSE:SBIN
#SBIN seems formed Ascending triangle and ready to BO.
Volumes not supporting for BO as per the chart,
But candles trading near to resistance level,
Post confirmation in any level (Resistance/Triangle) may decide the momentum of the stock.
Interested to trade in this stock ?
Reach me tomorrow for the levels....
PFC 1Month analysisPFC has been forming a long term TRIANGLE
pattern, and now it is at the verge of breakout
we can see higher levels after the breakout,
we can enter above 153 and the SL will be right
below the upper trendline, 137-140 will be a support
level, if the breakout fails it might return to the lower trendline
make sure you maintain your SL's if u want to enter
168 nd 190 will be the targets
Triangle breakout in cosmo filmsI observed this position yesterday but failed to post it. Anyways the stock clearly shows bullish move and above 1500 can even see fresh impulse. MAximum target here can be calculated as height of the triangle plus earlier high which is 1477. so maximum target is 1777 (1477+300). Since the breakout has already happened here risk reward is more like 1:1.\
Disclaimer : This is not a recommendation to buy . One should conduct his/her own due diligence before buying.