Buy above 678 for confirmed trade!
It has been making this symmetrical Traingale since December! Wait for the BO/BD confirmation and execute!
Ascending Triangle Pattern Was in formation And it has given a good breakout from the above with good volumes.
Wait for the BO/BD to happen. Happy Trading!
Wait for Break out or Break Down. Happy Trading!
Let's hope it does not Gap up or down and Ruin the Whole Pennant!
SBIN has given a 10-year range-bound break out last month! Yes, 10 years! This month is the month of retesting. If sustains above the mentioned zone, then this is the best opportunity to invest in the bank that would finally give more returns than Fixed Deposit :p
Pennant was in formation since June-July and Today, finally, it has given the much-needed breakout with good volumes after consolidation in a range for the last two months almost! Although, Personally I would wait for the restest. Levels are mentioned in the chart.
Targets would be the length of the pole! T1: 210+35 = 245 T2: 210+70 = 280.
Nifty PSU banks right now at a Very good support level. There are 3-4 different analysis in the same chart. The first entry could be at CMP itself as it is at a good support level. The second would be when it breaks the long trendline shown that is respected for 2-3 Years. The third would be when it Breaks out the Cup and handle pattern trendline. The fourth...
Looking good for 19000 and and then 20000. NSE:NIFTYPVTBANK