can it make bearish move, expected upto 30348 Education purpose only,
Can expect a breakout soon as the triangle is closing in. With large volume coming with bearish candle makes it difficult to say which way it gonna break out.
AS per ascending triangle pattern breakout target will be a maximum width of a triangle this is a concept of this pattern in that context bank nifty will go up to in few days after the break out ENTRY:- 30950 STOP LOSS:- 30300 TARGET:- 32000
NSE:MPHASIS Can look for trade after triangle pattern breakout... 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. Learn before executing the trade.. 4. To learn more about patterns and trading... contact...
On Weekly chart we got 4 to 5 resistance on the trend line I marked it with arrow also it formed triangle pattern. Once it cross the above trend line we can go for Long.
Relaxo has given a good triangle pattern breakout in the weekly chart (CMP 737.6). There's also support from another trendline. Looks good for long. Can also retest all-time high of 829 (+12.4% from LTP)
Keep on radar , see the chart for more.
BPCL Showing "Triangle Pattern" Breakout and Retest successfully done in 'Daily' time frame , as shown in image. Can go for LONG Position for good targets. This my view on above stock. Have our on Analysis before taking any further actions. This for and only my view for educational purpose.
Possible long entry consideration. Choose your entry and SL wisely!
Short Term Delivery Trade Buy PHILIPS CARBON around 140-150rs Range Exit Points: 165-180rs SL-124rs
Astral is already moving in triangle & could break on either side. Watch out the next move for clear direction.
Follow these three rules to take a trade : 1. It should break the ongoing triangle pattern. 2. The breaking candle should have high volume. 3. There should be a retest. 4. Take the entry at the second green candle after retest. Do comment if you have any other doubts as well.
Keep an eye on SUNPHARMA it is on the verge of its breakout from a triangular pattern. There is a concert resistance at 526.90 levels. SUNPHARMA has retested these levels multiple times now and there is a good possibility that it is going to break these levels this time. . Reason to Buy: 1) Multiple retesting or concrete resistance levels. 2) Trading over 200 EMA...
Safe Traders : Wait for the retest to happen and enter only when the triangle channel breakout. Aggresive Trader : Take an entry at current price and exit near the resistance 1 , take an entry again after the retest happens. Please comment if you have any doubts.
Please follow these rules while taking a trade : 1. It should break the ongoing channel (Checked). 2. The volume of breaking candle should be high (Cheked). 3. There has to be a retest (Checked). 4. Make a position only after the retest's second candle (Checked). Do let me know if you have any doubts related to the trade.