sattunzab

sattunzab

The pattern can even form a handle and then touch the targets.

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The volumes need to be considered while buying, good volume will confirm the trading system and the price can reach the set targets. Since it is a Symmetrical Triangle Pattern, the price can even fall if there is a breakout from lower side of the traingle.

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The price can shoot up the trend line in first touch if the day volume is higher than MA, if not, the upper line will act as a resistance and will push back the price.

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The script is being traded with good volumes and if the price crosses the resistance zone(red box), BHEL is a good buy and can reach upto 107 with few pullbacks.

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The price will retrace till the supply zone and will bounce back to the upper retracement level. BEL can be a good buy in future considering volumes and price according to the EMA crossover system.

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SBIN has made a breakout in cup and handle pattern and the rally will continue which is being confirmed by good volumes and price levels being above the EMA crossover system.

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Since the trend line is strong and the script has been continuously making higher highs and higher lows, the price can cross the resistance line after bouncing back once.