....... Plotted & Mentioned ........ CHART. If this post enriched your knowledge & helpful for trading, Please don't forget to Hit / Click Like button. Your likes are the only motivation to post better ideas in future. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor. All patterns have are not fulfilled 100% criteria.
1) Triangle Breakout on the downside 2) Lower tops Lower bottom is seen on the chart 3) Can be shorted at the end of wave D (Around 118 level) which is assumed to be end at 61.8% Fib level with a target of 100 where there is a demand zone 4) Also to look out for is RSI which is taking a support at 35
INVESTMENT Arena: PTC Various PATTERN in Single Chart. #1. Bearish BUTTERFLY, #2. Pattern "W", #3. AB = CD, #4. CUP-HANDLE. INDICATORS & OSCILLATORS Signals UP-TREND. Daily View With BUY ENTRY Levels & ST, MT & LT Targets will published LATER. Check Time-Line Regularly or as you wish. If this post enriched your knowledge & helpful for trading, Please don't ...
The stock is still in uptrend so one can enter long at appropriate level. It is forming an ascending Channel and now getting support at lower level. Yesterday retest offers a very good opportunity to go long by providing a small stop loss of 84.80 on closing basis. Target one can look at least 2.5 -3 times of the risk taken depending upon the entry tomorrow.