Happy Monday Friends !
Probably,few have Monday blues but we are the ones who wait for Monday...This particular post is kind-of educative analysis to determine overall view of the markets purely based on prediction from my experience.
Let's check our surfboards right away & get it ready to surf along Nifty waves...
Next resistance level for Nifty around 8800's...
NSE:TATAMOTORS
symmetrical triangle pattern in tatamotors in 1 hr chart waiting for up or down side breakout both side can give approx 8% RSI also make triangle and currently its above 50
Neutral bias, could breakout either way
Will be watching closely
Aggressive entries on close above/below trend lines
Conservative entries wait for a retest
A nearly perfect symmetrical triangle... look for a strong breakout!
This is published for newer traders to learn basic concept, unfortunately for some odd reason I was not able to publish in its original 5 minute time-frame. Please refer to "Related Ideas" Link at bottom of description for original work.
Symbol: PTX on the Nasdaq
Keep in mind this stock...
There is an interesting triangle in the 15-min chart.
A possible breakout - be it up or down - would be a very nice entry point.
Comments would be very much appreciated. =)
I'm waiting for breakout, so EURUSD will be in my radar for sometime whichever side it breakout happens will enter trade with strict Stops to avoid if false breakout happens. We got this triangle bcos EURUSD is ranging for past few hours so we can expect breakout for sure bcos after every range there will be breakout for sure.
Thanks for your support..Happy Trading !
