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Trianglebreak

The wait is over!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. Analysis:- 1) Strong Chart patterns — Triple bottom formation with triangle pattern breakout. 2) Reclaiming 20WEMA — So the actual wait was not just the triangle breakout, but, the requirement to close above 20 Week Exponential Moving Average (WEMA). Maruti gave a weekly close above the 20WEMA for the first time after August 2018 3) Momentum — This price uptrend was accompanied by good volumes indicating momentum. 4) Indicators — RSI garnering strength and MACD generating a positive crossover Conclusion:- A long position here has a potential to capture a healthy upmove of 600 points in coming weeks if the results season goes well. I hold a position in the stock and my personal targets are mentioned in the charts with the 20WEMA acting as the dynamic stop loss.
NSE:MARUTILong
by BullBaba92
SHORT in SUNTV on NSE (INDIA)This is daily chart of SUNTV on NSE (INDIA) with CMP @ 607.55. It seems to be a good shorting opportunity in the scrip based on following observations: 1. It is downtrend which is obvious from the chart. Counter trendline has been drawn which acts as resistance marked by arrows. 2. It is also observed that price tests EMA50 on retracement and gets rejected to resume downtrend. 3. Price broke out on 5th Nov 2018 and then opening & closing appeared outside the triangle drawn on the chart. 4. Stochastic RSI indicates bearish view/bearish crossover. In view of above, it could be a good short trade with stop @ 659 (above EMA20) with targets as 545/475 as shown on the chart. Happy trading...
NSE:SUNTVShort
by DEVERAMA
EURUSD TRIANGLE FORM KEEP WATCHHI GUYS EURUSD MAKE TRIANGLE FORM KEEP WATCH HAPPY WEEKEND:)) Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Short
by sakthideva