granules : cmp 316
stock is trading with bullish pennant pattern .
usually trades are taken when upper price trend line is taken out with volume .
our trade can be initiated at lower price support trend line where its trading now .
we can extract the up move from this support zone too .
bullish pennant forms after a big up move of a stock to form pole .
followed by a corrective phase in a triangle similar to symmetrical one,
with higher lows and lower high respectively to form pennant.
trade set up :
1. buy till 310
2. keep stop loss as 288 on closing basis
3. targets : 335 / 353 / 374 / 404 /446 /500+++ long term pick
technical set up :
1. bullish pennant pattern
2. trend line
3. support & resistance
stock is trading with bullish pennant pattern .
usually trades are taken when upper price trend line is taken out with volume .
our trade can be initiated at lower price support trend line where its trading now .
we can extract the up move from this support zone too .
bullish pennant forms after a big up move of a stock to form pole .
followed by a corrective phase in a triangle similar to symmetrical one,
with higher lows and lower high respectively to form pennant.
trade set up :
1. buy till 310
2. keep stop loss as 288 on closing basis
3. targets : 335 / 353 / 374 / 404 /446 /500+++ long term pick
technical set up :
1. bullish pennant pattern
2. trend line
3. support & resistance
Trade active
Note
329.70 highNote
target 1 doneNote
344+ highNote
349+ highNote
355+ high
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.