BANKNIFTY is trading in triangle pattern from past 7 trading sessions & now its on the verge of breaking past upper end of triangle pattern i:e 44700. If banknifty gets past 44700 then its not to b missed breakout for bigger targets mentioned.
Could be bought with mentioned stoploss & target/1/2 trading sessions.
Alternately, one can buy 44500/44700 or...
YESBANK is stuck in a ascending triangle pattern. We have also presented related ideas of a rising channel and inverted head and shoulder pattern developing. A powerful breakout above 18.6 will break these 3 patterns.
CUMMINS INDIA LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1805+.
✅Can Go Long in this stock by placing a stop loss below 1725-.
This may be moving in triangle pattern. since it recently touched lower edge so probability of touching upper edge is high though it may be slower.
once it crosses the 125-108 zone then there may be a view that it could do well however that it still far away
BUY - SAURASHTRA CEMENT LTD
CMP - Rs. 63
Target - 1: Rs. 82
Target - 2: Rs. 97
Target - 3: Rs. 130
Technicals - Triangle BO
This is just a view by an expert analyst, please invest at your own risk.
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triangle formation in intraday 15min candle in nifty
watch out for break triangle
most of chances to breadown side
but keep in mind if price break up go for buy or CE
if Breakdown go for Sell PE
18647 (crucial level) is important support for Nifty