A close above Ascending triangle at 410 will indicate a bullish continuation in the short-term while taking the price towards the resistance level of the Symmetrical triangle pattern. A close below the Ascending Trendline may indicate a bearish reversal.
Disclaimer: Please conduct your own research before making any investment decisions and note that this is not investment advice.
Disclaimer: Please conduct your own research before making any investment decisions and note that this is not investment advice.
Comment:
Still moving within the ascending triangle pattern. A breakout to either side may even indicate the direction of the whole market.
Comment:
01-03-2023
The stock's price has been pushed back inside the triangle pattern with significantly higher trading volumes than in previous days, indicating strong buyer activity. As a result, the stock may attempt to retest the pattern high and could potentially break out. Stop-loss could go below today's low of Rs. 386.
The stock's price has been pushed back inside the triangle pattern with significantly higher trading volumes than in previous days, indicating strong buyer activity. As a result, the stock may attempt to retest the pattern high and could potentially break out. Stop-loss could go below today's low of Rs. 386.
