The stock has broken above a key trendline resistance and is consolidating in a triangle pattern. A successful breakout from the triangle pattern will push the stock to much higher levels. All trading levels mentioned in the chart.
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The stock has broken above a key trendline resistance running since Aug17' and closed strongly above it. More upside can be expected as the stock has huge momentum behind it. All levels mentioned on the chart.
The stock has broken above a multi-year resistance trendline and has completed a pullback. More upside can be expected in the coming days. All levels mentioned in the chart.
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The stock has broken above a trendline resistance supported by good volumes however the stock closed much lower due to overall sell-off in the market. Watch for the price to trade above 236 and a long trade can be initiated. All other levels mentioned in the chart. Always keep a tab on the broader market conditions while trading.
The stock has broken down from a trendline support and looks bearish in the near term. Traders can look to go short on a pullback to 189.85 levels. All other levels mentioned in the chart. Always keep a tab on the broader market conditions while trading. DO NOT GO SHORT IN BULLISH MARKETS.
The stock has broken out of its trendline resistance with really good volumes. All levels mentioned on the chart. Happy trading!
Reasons to take up the trade: 1. The stock has been consolidating near a 3 year-long trendline resistance. 2. Long wick on a weekly candle shows strong price support at those levels. 3. Horizontal resistance zone at 124 levels. ( Marked with violet down arrows)
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The stock has formed a symmetrical triangle pattern and seems to be on the verge of a breakout. Interestingly, the stock also has two trendline resistances as shown in the chart. Swing traders can buy above 404 with an SL below 377 for targets of 439 & 470. Positional traders can look for a breakout from the second resistance line above 440 and the targets...
The stock has broken out of its resistance trendline running since Jul'19. More upside expected as the stock has also closed above the trendline and POC. All levels mentioned on the chart.