Ascending Triangle Breakout in crisil more details in given in chart
Everything is mentioned on chart.. see the chart for detail
CRISIL can attempt to reach 2200-2300 levels in the next few weeks. Forming inverse head and shoulder on weekly and volumes supporting. Not a great conviction idea, just pure technical view.
Comments are given in the chart.
stock is trading in a tight range, can be bought around 1920 with SL bellow the lower trend line around 1880 with the target of 2050 to 2100 area
Long Crisil as its undergoing contraction plus trading at imp support. Long till 2100 which is its resistance.. (For educational purpose only)
DISCLAIMER : . I am not a SEBI Registered analyst. All chart analysis I publish are educational and information purposes only
The positive pointers to go long:- CRISIL has made a pullback to 0.236 fib levels, matching the price action support levels at 1900. The RSI has made an breakout, the price may follow it ( once the declining trendline is broken). The price is at the upward sloping trendline. Aggressive trade is to go Long at current levels. Conservative trade is to wait for a...
A beautiful support at Trendline with a U-shape recovery happening in stock price. Safe entry can be right after the Short term trendline is broken.
Keep a close eye to go long on breakout. Maintain SL
Trendlines are marked on the chart. Go long if closed above trendline with good bullish candle and volume spikes.
Buy at support line but exit if give closing below support line