CHART LEARN
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Disclaimer: I am not a SEBI Registered analyst. Charts are made only for study purpose and paper trading !!! Happy learning. @Surajgond_0305
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As per pattern one can see that the script is in accumulation stage from March 2020 to May 2021 (period of 1.2 years) Now it has Brokenout from the range as shown in Chart. The Round part is the volume which means that there is a huge potential in this script to achieve the target of ₹ 140 in coming months. The reason of sharing this chart is - its fulfilling the criteria to be called as "Symmetrical Triangle Pattern".
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Beautiful Combination of :
Head & Shoulder Pattern
&
Bull Flag Pattern.
You can expect 🚀🚀🚀 soon.
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I have taken position in CHALET @ ₹ 150 for Target of ₹ 175 and it can easily understandable that how Ascending Traingle works.
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When a person creates a position in any script by way of accumulating the results are always like this.
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A live chart of LIC HOUSING FINANCE LTD.
Current Price : ₹ 522.00
Target Price : ₹ 780.00
Stop Loss : ₹ 430(Closing Basis)
This Script has brokenout from Head & Shoulder Pattern with Huge Volume. Now it is approaching for Retesting of Breakout level. A position can be created if price reach to ₹ 480.
Regards CHART LEARN TELEGRAM CHANNEL.
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Head & Shoulder Pattern.
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
