Chambal fertilizer is forming both ascending triangle patter and a flag pattern .
the ATR is above both 25 and 30.
The stock can be traded after it cross - Rs.319 or Rs.321
after successful resistance breakout at - 313
Stop loss can be kept at both - 300 and 290
Kindly do your own analysis before taking a trade
RISING WEDGE PATTERN
ENTRY - 690
STOPLOSS - 725
TARGET - 555
Rising Wedges are bearish pattern
Rising Wedge Patterns forms with Higher Highs and Higher Lows.
Rising Wedge pattern basically forms in two shapes -
1) If rising wedge pattern forms in an uptrend it will make reversal and
2) If rising wedge pattern forms in a downtrend it will make...
Maruti Suzuki India formed a bullish cup and handle pattern in 1 day time frame as well as 1 week time frame ( neck line @ Rs 7215)
TARGET 2 - 8340
TARGET 1 - 7803
EARLY BUY - 7216
SAFE BUY - 7228.50
kindly wait for the retest .
Clear cup and handle formation can be seen in ICICI bank 1 day chart and weekly char t ,along with cup and handle pattern being formed at the volume , possible to create 52 week high after breakout.
CMP - 642.70
SL - 617.45
TARGET - 700 OR HIGHER
Cup and handle pattern have been formed and after being retest their is huge probability of golden crossover as 200 period weighted moving average is being passed by 50 period weighted moving average.
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