Ascending Triangle Pattern Breakout
Buy For 25%
It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.
Amber Enterprise
Cup and Handle pattern observed in weekly TF with a triangle pattern in the Rsi shows that sooner or later the price is about to breakout.
A close above 3900 would confirm the b/o.
Amber is a prominent solution provider for Air conditioners.
As the summer approaches the demand for A/Cs would rise and may boost the earnings of this company
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Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
It seems supply has been bought into on last trading session and now we may see upside from here. SL can be kept below previous day low and long can be initiated at CMP
Inverted head and shoulder pattern
Good volume breakout
Horizontal resistance breakout
Targets and levels mentioned in charts
Only for educational purpose
A strong breakout with good amount of volume expansion can be a validate entry for go long. Entry & Exit should be based on Price Action, once the breakout happens.
Go Long above 3300.1 for Targets of 3473.6, and 3647.1 with SL 3126.6
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is...
BUY@CMP
TGT - 3800 & 4000
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the...
upward channel breakout, inverse H&S pattern.
co will make a Rs 400-crore investment proposal under PLI schem for Air conditioner.
for education purpose only.
Rounding bottom pattern - strong breakout
Buy @ CMP
TGT - 3665
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We...
