1. Set up: Triangle pattern 2: RR: 1:10 3. Breakout: Yet to confirm with closing 4. 6 Months consolidation
Breakout after 2 months of consolidation. Expected to continue prior uptrend
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...
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Rain industry trading in triangle pattern wait for break out or break down for good trade.
Silver future is near support level 56800-56600. As chart shows. It may give bounce from here 1000-1500 points
Banknifty is forming triangle pattern ...............................
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Canara Bank can buy here 163 for target 200. it is working in Tringle pattern, Pattern BO will come when it close above 172, so can buy target 200.
United Sprite has on Long term tringle BO. It can buy 805-830 add more if come 777 targets would be 910,978 and 1200
bharatforg trading strategies their are three probability to move 1) P50% (indicated in blue) 2) P35% (indicated in green) 3) p15% (indicated in red)