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WHEELS INDIA - Potential Weekly breakout - Add to watchlistWHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements. Price Targets: In the event of a confirmed breakout, traders might consider setting price targets based on the height of the triangle pattern. TARGET 1 & TARGET 2 mentioned in the chart.
NSE:WHEELSLong
by SwingtradesbyAbhishek
GBPUSD price momentum remainsThe GBP/USD pair continues its streak of consecutive victories this week. Positive risk acceptance and the slight decline in the US Dollar are supporting the pair's price increase. The currency pair is currently trading at 1.2759, up 0.05% for the day. In recent times, this level has been a significant resistance point for the pair. However, with the support from the upward trend and trendline, we can expect positive signals from the EMA 34 and 89 for this currency pair. If favorable conditions persist, it is anticipated that after a small retreat to the 0.618 - 0.5 Fibonacci level, GBPUSD will gain new momentum and achieve a breakout towards the 1.28 peak.
by RKarina
HINDALCO : Cup and Handle BreakoutA cup & handle Breakout in conjunction with Triangle Pattern Breakout Retest is pending for the triangle pattern breakout. Hindalco is moving based on the support line support for long. Waiting for a retest to enter with SL below closing of the support TL One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630. DISC: Only for educational purposes. please consult your financial advisor before entering.
NSE:HINDALCOLong
by trade_opportunities
1
Shipping Corporation of India - Multi Year Breakout Multi year breakouts are indication of long-term trend change in a stock. It signifies investors perception change about a stock. Generally it has been seen that after multi-year breakout stock rally more than twice or thrice from the current price. The stock chart of Shipping corporation of India has been shared in this illustration. The stock is giving all time high breakout of around 170 after almost 15-years on daily, weekly and monthly time frame. The daily chart breakout has been confirmed but weekly and monthly chart breakout will come today and by end of this month respectively. Disclaimer: The stock shared is only for educational purpose and does not involved any buying or selling recommendations.
NSE:SCILong
by Vipin_Dixena
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