Trianglebreakoutpullback
Scan Steels Limited - Looks Good!The Co. Scan Steels Limited manufactures TMT Rod (under the brand name of SHRISHTII TMT), Sponge Iron, MS Billets/ Ingots, and generates power for captive consumption.
Technicals
Pattern: Symmetrical Continuation Triangle (Bullish)
Duration - 1-2 months
The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend.
RSI indicating price strength
Fundamentals which looks good as well
Company with Low Debt
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
Company with decreasing Promoter pledge
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
FAZE THREE LTD - BOTTOM TRIANGLE & BULLISH WEDGE"Bottom Triangle" chart pattern formed on Faze Three Ltd ( NSE:FAZE3Q ). This bullish signal indicates that the stock price may rise from the close of 477.80 to the range of 507.00 - 520.00.
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation and forming bullish wedge.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
VISAKAIND Upside triangle breakout and retesting..Good for swingNSE:VISAKAIND Wait for the levels and enter... Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
Just looking at the stabilityThis chart intentionally does not take into account the dramatic drops caused by the uncertainty in the stock market. At some point that won't really matter. This triangle could easily give way to the downside, and there's not that much reason to think the sky's the limit right now. There's sure to be a few more bumps before it stabilizes relative to stocks.