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
거래청산: 스탑 닿음
Stop loss triggered due to bad news on the stock
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.