Breakout from triangle suggests good buying opportunity.
Stock has 3 main resistance levels to watch out for.
Place stoploss anywhere between end of triangle and mid point of triangle.
Britannia earlier formed a descending triangle ( higher time frame) and now has a flag formation (lower time frame).
Bullish run is expected to continue for this week too.
Target 1 - 3250
Target 2 - 3300
Expected to go as high as 3600 in coming weeks
Stoploss - 3100
BUY CIPLA ONCE IT BREAKS OUT OF THE TRIANGLE.
THE TARGET: 58 POINTS ABOVE THE BREAKOUT PRICE STRICT STOPLOSS : COMES AGAIN IN THE TRIANGLE ZONE.
TRY THE ABOVE TRADE TILL THERE IS A BREAK DOWN FROM THE TRIANGLE (IF IT HAPPENS)
I am expecting the sell side moment for positional trading.Asian Paints looks like moving in triangle in 2hour time frame.As we know that we can trade either side on triangle based on candle stick confirmation if its a narrow breakout also we can take trade boldly if its not narrow breakout then wain for retest.
This is my view of IOC based on this chart if its breaks upside then go for a buy as well as if it goes down then it can go for sell with a condition it should be narrow breakout otherwise need to wait for retest.This is for educational purpose only.
This is my view of INDIGO based on this chart if its breaks upside then go for a buy as well as if it goes down then it can go for sell with a condition it should be narrow breakout otherwise need to wait for retest.This is for educational purpose only.
This is the view of Grasim based on this chart if its breaks upside then go for a buy as well as if it goes down then it can go for sell with a condition it should be narrow breakout otherwise need to wait for retest.This is for educational purpose only. BASED ON GLADDY TECHNICALS
Bank Nifty appears to have completed its consolidation below the 200DMA and closed above the resistance with a bullish breakout above the triangle.
RSI(14) indicates a build-up in strength.
Target: 30800
SL: 28500
Nifty is in ascending triangle pattern, which can give movement if it breaks the black line and closes below 11385 and it will go up if it closes above the red line and closes above 11395.
According to technical analysis and pattern, Nifty is showing a positive trend today.
Targets are 11415, 11440.
TCS has been consolidating in the form of a triangle for more than a year. This consolidation now appears to be broken on the downside.
I'l leave it to you to time the entry for a SHORT ride!
Hindustan Unilever has been consolidating in the form of an ascending triangle for more than a year.
This consolidation is now finally broken. I'l leave it to you to decide entry for this LONG journey!
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.
