There was beautiful breakout of triangle pattern and post breakout the stock has stayed bullish.
Also, the over all trend of the the stock has been bullish. Enter based on the candle stick pattern formation and look for the mentioned targets.
PS: Education Purpose only
Stock in moving in a channel pattern and has taken support on the demand zone which coincides with the 200 moving support.
Entry as per the price action-candle formation on 6th else wait for the trend line break out.
Stock has is moving in a channel pattern and has taken support near the demand zone of the channel pattern.
It is also taking support at the 200 moving average for additional confirmation.
Good opportunity with good risk reward
As they say history repeats itself in the markets too, earlier EICHERMOTORS has broke out forming ascending chart pattern with support zone being the long time demand zone, looks like it is forming a similar ascending triangle pattern again, Look for buy opportunities in case of breakout
IOC have had breakdown on 1 hour time frame and has the possibility to reach the demand zone of the channel pattern which it has been trading on a longer timeline.
Stop loss can be the previous swing high, with an interesting risk reward ration