SBICARDS forming a bullish ascending traingle pattern
Updated
Stock has been consolidating for ~9-10 months now. Trendline, 200d ema and previous high of ~920 are strong supports.
Note
Stock is 10% up since the call & is exactly at the resistance. We might see a small correction and a major breakoutNote
A small correction just as predicted from the resistance. Stock will fly soonNote
Rejection from upper resistance. Wlll trend in the channel some moreNote
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 25thNote
Stock is being rejected multiple times at the 1141 level. This will have to find EMA supports and bounce backTrade closed: stop reached
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
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