After listing the stock has almost corrected 68.29% from its listing price and started consolidating in a tight range. The stock has already given breakout of its triangle pattern on weekly timeframe. The next immediate resistance for the stock is 330 Rs if the stock takes out this level then me might see a strong upside move in the stock in coming trading...
Triveni Turbine Ltd has formed double top pattern on daily timeframe. In today's trading section it has given breakdown of it's neckline and also gave closing. We might see a down side move in the stock in upcoming trading sections. The next immediate support for stock is 248 Rs level.
Don't you think history will repeat ? Setup - 1. Stock is forming Triangle Pattern 2. Trading above 200 EMA 3. Can give breakout above the resistance level
JK Paper has given a strong Breakout of it's triangle pattern on daily timeframe with strong volume buildup. In coming trading sections me might see a new highs in a stock.
Bank Nifty looks Bullish for tomorrow ( 24 June ). BN has formed a triangle pattern on 15 min time frame . If gives breakout and sustains above the level of 33350 then we can accept the good rally upside.