1. This is basically a Symmetrical Triangle Pattern. Where Resistance & Support Line tends to cross near future, which is also known as APEX point. Breakout can happen both the side e.g. ups and down. In this chart is it in upside breakout. 2. We've to measure the distance of price range. Which is between Resistance & Support Line, when pattern was developed and...
Time:- 8 to 12 weeks Target:- 255 Stoploss:- 195 By analysis of the chart of ABFRL, we can easily see that stock has already take support on the support line shown bull candles, RSI also at oversold position. So we can enter in this point.
Time:- 2 to 3 weeks minimum Target:- 520 Stoploss:- 427 Stock has already take support on respective support line shown bullish candle. So for this reason we can take long position and ride on it.
Target:- 538 Stoploss:- 457 Stock already take support on the support line and showing upside interest with green bullish candle. So we can take long position on it.
TIME:- 4 to 6 Weeks TARGET:- 80 STOPLOSS:-50 Market has already take support on the respective support line and showing 2 consecutive bullish candle, so we can ride on it as a long.
The stock itself take support on the predefined support line and started to go up big green candle, so we can take long position there. Profit Target and Stoploss is mentioned above the pic
Market is already taking support on support line and shown two respective bull green candle, so as a trader we can ride on it. The Resistance line will be the profit target.
Market respect that trend line, which was previously Resistance Line and break, after few days It became Support Line.
NSE:COALINDIA Stock has already take support on support line and shown a standard green candle with a positive return. So retail traders can ride with us in this stock. Above picture already mentioned about profit targets and stoploss
NSE:BLS Market shown a breakout in the upside with a big bullish candle, and the volume of the day was outstanding. We have already measure the price range between the resistance and support line and that range paste to the breakout area and predict nearest profit target. Profit target and stoploss also shown in the above picture.
NSE:PRICOLLTD Stock is already take support on the respected support line and now shown a good move on the upside with a bullish green candle. So we can ride on it as a long position. The stoploss and profit target already mention on the above picture.
NSE:CASTROLIND The stock itself take support on the support line and shown a big bullish green candle. For now the stoploss will be 127 and profit target is 150, or you may say the resistance line is the main profit target area.
NSE:ELECTCAST Market already take support on the support line and shown a green candle with standard volume. So you can take long position for now in this stock and the profit target will be the resistance line.
NSE:JMFINANCIL The stock is already take support on the support line and showing a green candle with positive return. So we can take a long position on it by relying below factors like:- 1. Take Support on support Line 2. Big Bullish candle. 3. RSI near oversold position.
NSE:BERGEPAINT When market break on upside or break the resistance line of this pattern, market was totally on bullish nature and we have to catch that bull run.
NSE:WELSPUNIND Market already take support on the support line itself and showing green candle which is clear indication of taking a position of long. Profit target will be 169 to 170 rupees and stop loss order you can put on 119 rupees.
NSE:EMAMILTD Trend lines can be drawn in between the trading channels, that's means a trend line inside the trend lines (channel). Market already break this inside resistance line, so we can easily take a long position using "Buy Stop" or "GTT" order. Because the stock or chart it self break the resistance line, so you can say this is a upside breakout inside...
NSE:HAVELLS Market break the resistance line but unable to close above the line and make upper shadow, that's means the chart itself respect the resistance point again. So without closing we can't rely on such breakouts. Showing upper shadow in same point on several times means the chart/market already started to ignore this price level.