# 16 Long Whirlpool for a Target of 2700 and 2850.NSE:WHIRLPOOL
Reason Being:
1. Formation of Triangle pattern and Expected Upper Breakout.
2. Stock is Forming Higher High Pattern in Daily Time Frame
3. The stock has faced Resistance in the zone of 2125 - 2170 and has been tested multiple times.
Every Price Action Pattern after breakout provides some Target Range and according to Triangle:
Entry Price: Above 2200+
Target Price: 2700 and then 2850
View Negated Below: 2060 in Closing Basis.
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
Trianglepattren
A beautiful triangle patternAn diminishing triangle pattern has formed between the trend line (in orange) and the support line (again in orange) at 75.2.
75.2 is a strong support and has supported the scrip 4-5 times since 8th June. I am betting slightly higher on the breakout happening on the downside. The second wave has led to serious outflow of USD to other currencies (EUR, YEN, CNY).
Let's see what happens.
AUD WITH ASSCENDING WEDGE PATTERN FORMATIONWe can see a clear ASSCENDING WEDGE PATTERN FORMATION on AUDCHF Currency Pair In D1 Chart which may result in breakout either side, our prediction is that it might break downside itself because it has just now retested a heavy resistance 3 times which can even be considered as a TRIPPLE TOP FORMATION, But take your trades based on breakouts and enjoy with a minimum of 250 pips either side
ALL THE BEST TRADERS
[Positional] PVR nested inside barsWait for a candle to close outside the triangle on long or short side and next day, buy when that particular candle is broken.
Target and SL will be posted when trade triggers