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Trianglepattren

Descending Triangle Pattern breakout in BHARATFORGOn a daily timeframe, BHARATFORG gives breakout of descending triangle pattern also MACD crossover indicating upside rally in this stock. After this breakout if stock sustain above 790 level then it will give 100+ points rally in upcoming few trading session. Key Points for Bullish in this stock: 1) Descending Triangle Pattern resistance Breakout 2) This stock in uptrend 3) MACD bullish crossover in Oversold Zone indicating reversal of short term correction.
NSE:BHARATFORGLong
by TradZoo
2
Levels for - 04 Oct 2021EXPLANATION : This is a 1 hour time frame chart of ITC , It has formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend . Both side levels marked in chart. If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:ITC
by pranavnanavare
Levels for - 04 Oct 2021EXPLANATION : This is a 15 min time frame chart of BAJFINANACE , It has formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. Both side levels marked in chart. If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:BAJFINANCE
by pranavnanavare