UNIVCABLES CMP 172 Cup & Handel breakout on 4hour chart wait for correction buy 165-168 for target 190-230-295 Long term Support at 150 Levels
* Two chart pattern completing at the same time ( Inverted Head & Shoulder and Symmetrical Triangle ) High conviction set up .If it made above 200-day moving average gives more confident . * In daily time frame high volume buying initiated today that gives gives a bullishness sign . ** Before the breakout this stock made a symmetrical triangle pattern and breakout...
SL as indicated duration 1 to 10 days Purely technical only 1% of total investments
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Hope you understand the language of PRICE
CMP 146 SL 125 Target 185
One can look fresh in range 135-145 for upside levels 180-200 with SL 118..!!!
* Universal cable weekly chart trading above its important resistance level if it sustain.We can see up move towards 154.00/180.00 level with the help of 105.00 support level . * If price pullback some point so add some more quantity up to 113.00 .
Price show great rejection near it's support zone & bounce back Refer chart for level
Another of the 10 stocks on my list has a short term breakout
Pattern sell entry @ 279.10, Confirmation if stays Below 278.70 for 30 mins. Definition: This is a five candlestick pattern that starts with three strong white candlesticks. The uptrend continues with the fourth higher close. The next day gaps lower and closes much lower than the previous day or two. This may imply a bearish reversal. Recognition Criteria:...