The ascending triangle patterns implies a good upper momentum in this stock soon with regards to the volume increment.
As well as this stock was underperforming for a while but it's back on track.
This breakout will result in huge upwards momentum.
IDEAL LEVELS for going long is 57.20
with a SL of 52.20
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Check the levels on Chart for More details
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Got Rejected many time by trendline resistance.
Have been Making a triangle breakout Pattern
For BUY -
Buy above 97.45
Sell below 95.55
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LOGIC AND IMPORTANT LEVELS MENTIONED BELOW:
1-Lupin was in a bearish trend today from morning itself ,later in the afternoon , it tried to break the immediate resistance but failed miserably.
-Instead , it fell down more and is now testing the Immediate resistance.
-As you can see from the chart itself ,this stock has been in a bearish trend for a while...
SBI as on 18th June gave a Triangle Breakout.
As you can see from the charts , it was in Range for some days,later tested Support multiple times and broke down to test Major support.
Now from the Major support ,Price tested the market again,resulting in Ascending Triangle Breakout with respect to Volume breakout.
It broke yesterday's High and is Marching...
Sunpharma as of today fell and now is in Consolidation.
Majority of the Pharma sector fell down Sharply today.
This comes after it went through a huge Impulsive Phase around the last week, which gave a good Intraday returns.
Now talking about the current scenario, SUNPHARMA is currently in Correction Phase which is plotted briefly in the...
As you can see from the patterns, Stock is in Consolidation phase.
On the top of that it is forming a Ascending Rectangle Pattern.
Since VWAP is also around,a buying oppurtunity could occur if its above the Resistance and also the VWAP.
Whenever the price is in consolidation , there will always be a strong momentum towards one direction.
Would go for Long...
As of today , Nifty was in consolidation.
Whenever a price is in consolidation it will always give a huge move in the form of a breakout.
So below mentioned are the important levels.
Will Buy above 9029
else will sell below 8000.