As we can see at the chart, the price has made a significant upward movement, breaking out from a pattern called a 'symmetric triangle.' Currently, the price is trading above a specific line when we observe it on a daily basis. There are two ways we can consider entering a trade:
1.If the price comes back to the breakout level (resistance) and stays above it, we...
Hello, guys. I hope you are doing well. Today, we will take a deep dive into IRCTC. Please read until the end to gain a complete understanding of this stock and its potentiality.
The chart is self-explanatory, so we will keep the technical analysis brief. The stock had been consolidating in a descending triangle pattern for the past two years. After a really big...
Desclaimer :- this analysis is purely for educational purpose please contact your financial advisor before investing your capital.
Uti has retraced at our best level ,now this is the time when we can enter in this stock
>>Stock has been in an uptrend since last year.
>>Over one year, it has been following a special trend line.
>>Since January 2023, it has slightly changed its direction and is now forming a beautiful
symmetrical triangle pattern.
>>Today, it has reached its resistance level and appears promising to break it.
>>If it breaks the trend line, we can initiate...