Infosys is forming a triangle and after breakout or breakdown can give good momentum
1. Canara bank has given a breakout from the triangle pattern with decent volume 2. Its next target is mentioned in the chart itself 3. The target was a strong support before 2020, which is now going to act as a resistance. 4. Can be a good pick for swing trade.
Go Long if candle closes above trendline with good volume Stoploss Nearest Support Target 30 %
Price has been consolidating around the 38.2% - 50% fib range/ 21 and 50 ema. It has even formed a triangle pattern. MACD and Stochastic RSI are signaling buy. A strong close above 2700 would be a good buy confirmation.
EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If gave a strong breakout and broke its supply zone with volumes and retested the same , I am bullish on BANKNIFTY .
EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If gave a strong breakout and broke its supply zone with volumes and retested the same , I am bullish on BANKNIFTY .
EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . It has formed a Descending triangle pattern , taking exact support on Demand zone . I am seeing both side very good opportunity in BANKNIFTY .
EXPLANATION : This is a 15 Min time frame chart of DRREDDY . The stock has formed a Ascending Triangle Pattern , I will look to go long if it gives a good breakout of its supply zone and continue the upward rally . I am not comfortable in shorting unless it breaks its trendline with volumes. Entry as per your entry setup .
EXPLANATION : This is a 15 Min time frame chart of BANKNIFT . It has formed Ascending Triangle Pattern , Trend line Support . If BANKNIFTY gave a strong breakout and broke its supply zone with volumes and has retested the same , Go bullish .
EXPLANATION: This is a 4hr timeframe chart of PVR. The stock has been consolidating for the last 80 days in the tight range of 1300-1450. As a trader, We buy at the bottom and sell at the top. I am seeing a very good buying opportunity in PVR because of many reasons. It has formed a double bottom pattern near its major demand zone and went into tight consolidation...
Good weekly chart. SL can be 15.65 and an initial position can be taken at CMP. Once the Triangle breakout happens above 18.90 the targets can be 24 and 36.
MRF has been in a triangular pattern, it broke with good volume after long time, looks very bullish , entry 82400, stop loss 78100, first target 89100
DABUR: BULLISH TRIANGLE _______ Buy CMP: 596.7 Target: 639.15 StopLoss: 574.00 This is my personal view about DABUR. Take it for an educational purpose. I am not Sebi registered or any Stock market expert. I am not responsible for profit or loss.
Hi Friends, Pranam!!! We are going to analysis the script in the small cap finance segment company Dolat Investments Ltd!! Fundamentally Script was very good based on the following basis screening: 1. Company Profit growth for the last 5 financial years was above 20pct. 2. Sales growth of the company was above 5pct 3. Average return on capital employed for the...
Looks good for a descending triangle but the breakout is not immediate. Purely from technical point of view the stock needs some volume to b/o or if no volume found the stock would move between the bands that are marked in the charts. . Ideally the sl should be 1300 on closing basis of weekly closing. Targets possible above ath level is height of the triangle...
HCL Technologies formed a triangle pattern on 15 minute chart. Any breakout/down can give a good move for intraday trading.
Add Reliance your watchlist for next move, entry after make bullish candle for confirmation....