SBICARDS forming a bullish ascending traingle pattern

Stock has been consolidating for ~9-10 months now. Trendline, 200d ema and previous high of ~920 are strong supports.

تعليق:

Stock is 10% up since the call & is exactly at the resistance. We might see a small correction and a major breakout

تعليق:

A small correction just as predicted from the resistance. Stock will fly soon

تعليق:

Rejection from upper resistance. Wlll trend in the channel some more

تعليق:

A rejection from 1141 level again. Stock has tried crossing it 5+ times in the last month. It is bullish now because of the candle on 25th

تعليق:

Stock is being rejected multiple times at the 1141 level. This will have to find EMA supports and bounce back

أغلقت الصفقة: تم الوصول لوقف الخسارة:

Bullish triangle was broken and stoploss achieved. It did bounce back from the 916 support indicated here, 2 months ago! A good movement above the 200d ema will be a strong buy here