Suven Pharma - Ascending Triangle Breakout Pattern- Suven pharma gave a good breakout with volumes and further consolidation
- 540 is a good entry level as stock is highly volatile and so we can get a low entry point
- 509 can be a good stoploss as Suven pharma is volatile stock and it might show more consolidation for short term
- It has good momentum at daily and weekly time frame
Trianglebreak
SBI cards | Very good consolidation for a BOTAKE the trade if it opens a little gap up or sideways and with more than avg volume it breaks the blue trend line + closes above the biggest wick that is near ... take the appropriate risk and rewards will be at least the top orange dot marked and possible upside can also be seen.
A breakdown or a gap down = leave the trade.
Happy trading :)
Don't take the trade if u don't feel well emotionally or mentally ...
BataIndia - Triangle breakout on cardsPrice getting rejected from the same level for consecutive number of times and now it is in the process of making triangle pattern which will lead to the resistance break and move further up breaking the resistance.
One can wait for the break and get into the trade.