HUL :- This stock has created a classic ascending triangle chart pattern which is a uptrend indicating pattern
Where the base is the resistance level and the upward sloping trendline together creates a ascending triangle
The length (in terms of price) between the starting point of the trending line and the base should be your target
NOTE:- "WARNING" wait for the breakout(b/o)
Target is not achieved in one go there will be a pullback after the breakout of the pattern happens
Usually it happens around 4% of the target from there it might retrace to the base level and then again resume to the target level
TRADE
VIEW:- Wait for the price levels to close above the base line and then enter with a strict stop loss with a initial target of 1320 let the market
retrace to the level of 1290-95 then enter a long positional trade for target of 1400
Where the base is the resistance level and the upward sloping trendline together creates a ascending triangle
The length (in terms of price) between the starting point of the trending line and the base should be your target
NOTE:- "WARNING" wait for the breakout(b/o)
Target is not achieved in one go there will be a pullback after the breakout of the pattern happens
Usually it happens around 4% of the target from there it might retrace to the base level and then again resume to the target level
TRADE
VIEW:- Wait for the price levels to close above the base line and then enter with a strict stop loss with a initial target of 1320 let the market
retrace to the level of 1290-95 then enter a long positional trade for target of 1400
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.