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
TVC:USOIL See break the the triagle to going up, Thank God
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 .
SELL BRITANNIA @2500 . TARGET 2200. BUY CALL OPTION FOR HEDGING....
breaking out movement will come soon.......
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!
Keep an eagle on Indusind bank Key level - 1350 (If it manages to break it then my first target will be 1250 and final target will be 1050)
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...
#KOTAKBANK CASH 02 JULY 2019 TRIANGLE BREAKDOWN GOOD SELL ONLY BELOW 1463 STOPLOSS AT 1472 TARGET 1454/1446 CMP 1469
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 :)