Ascending Triangle Pattern formed in TATA MOTORS.
You can clearly see a Rising Lower trendline which is acting as a support line. Stock is taking its support on the line and has avoided any downside movement.
Upper trendline is flat acting as resistance line.
Positive Points:
1) Ascending triangle pattern which is commonly known for bullish sign.
2) CMP is Near its 52W High of 360
3) RSI is ~60 which shows bullish indication
4) ADX > 25, indicating string trend.
Entry:
After breakout.
Aggressive buyers can take entry after breakout ( Volume is important for breakout)
Defensive buyers can wait for a pull back for confirmations
Target :400
Duration :
short to mid term position
You can clearly see a Rising Lower trendline which is acting as a support line. Stock is taking its support on the line and has avoided any downside movement.
Upper trendline is flat acting as resistance line.
Positive Points:
1) Ascending triangle pattern which is commonly known for bullish sign.
2) CMP is Near its 52W High of 360
3) RSI is ~60 which shows bullish indication
4) ADX > 25, indicating string trend.
Entry:
After breakout.
Aggressive buyers can take entry after breakout ( Volume is important for breakout)
Defensive buyers can wait for a pull back for confirmations
Target :400
Duration :
short to mid term position
עסקה סגורה: הגיע לסטופ
Stop loss triggered due to bad news on the stock
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.