Breakout from the resistance trendline. Good volumes traded. Options traders can sell put options. Analyze before entry. Can rally after a retracement.
Nifty 50 in the weekly chart shows RSI divergence predicting a fall. With the equity bubble in place and most Nifty 50 companies missing estimates in the Q1 results we can expect a major correction in the coming weeks (August & September). Analyze carefully before making major investments in the share market. Good Q2 results can start the next rally in nifty.
TRIANGLE BREAKOUT... RISKY TRADERS CAN GO LONG NOW. RISK-AVERSE TRADERS CAN WAIT FOR RETRACEMENT TO 155-156 LEVELS FOR A SHORT-TERM TARGET OF 165. STOP-LOSS AT 154. RISK REWARD 1:9.
Ascending triangle pattern in daily chart. At support level.. Target 50 in the next few weeks (almost 20%). Long term target around 75 rupees. (75% upwards move). Invest a small amount of your capital and wait for some 6 months. Analyse before entering the trade.
Triangle breakout. Negative news around and the price had retraced; make use of it to accumulate. Can buy and keep for the short term, say for 2 to 3 months. Targets 178 (5.5%), 188(11.5%) and 200 (20%).
4-YEARS RESISTANCE TRENDLINE BROKEN AND THE SCRIPT HAS GIVEN A RETRACEMENT. GOOD TO ACCUMULATE FOR SWING AND LONG TERM. TARGETS 310 AND 350.
CUP AND HANDLE IN DAY CHART... HANDLE FORMING A BEAUTIFUL TRIANGLE PATTERN... TRIANGLE AND TARGETS IN NEXT IDEA :)
THE RESISTANCE IS BROKEN AND RETRACEMENT HAS BEEN TAKEN GOOD TCS RESULTS TODAY CAN PROPEL ALL THE IT STOCK PRICES HIGHER 1200 ON THE CARDS
A cup and handle pattern has formed. Good to enter after the breakout above 900 levels. The realty sector is gonna bloom soon.
RSI CONVERGENCE... CAN BUY FOR SHORT-TERM PROFITS.
The second-largest sugar company in India is at a good buy price. The script is forming an ascending triangle (also a flag pattern). Watch for the breakout. Positional traders can buy for a target of 375 (8.5%). Long-term target - 490 (42% in 6 months or so).. With the Indian government's target of increasing the % of ethanol to be blended in petrol, BALRAMPUR...
Triangle pattern... Watch for the breakout. Targets 745 & 785.
NAVIN FLUORINE - A beautiful triangle pattern breakout. A symmetrical triangle had formed between the support and resistance trendlines. A minimum of 2 peaks and 2 troughs are needed for a triangle formation. A bullish breakout occurs when the resistance line is broken upwards by a green candle closing above the line. This is also confirmed by good volumes of...
Had explained in the chart. Safe as long as it is above the line.
307 seems to be a support. RSI shows convergence. Likely to move up. Pure technicals.
Watch for the breakout from the triangle for good higher targets.
Resistance line broken and retracement taken. Targets marked. Can go long........