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ACC making Descending Triangle -Does bottom still to come?Hello Guys, ACC making Descending Triangle and my technical observation said that Bottom is still not found. Should be dump hard in a couple of weeks or a month. What is a Descending Triangle? Ans: The descending triangle is a bearish continuation sample. The sample is usually found in a downtrend. There are few times the pattern is seen during an uptrend acting as a reversal sample but is considered as a bearish sample irrespective of where it occurs. The descending triangle is likewise referred to as right angle triangle because of it shape. The horizontal line acts as a region of guide. it's far as if there may be heavy shopping for hobby at this degree stopping the stock from falling similarly. it is the lower highs alongside the declining trend line that signals greater promoting pressure and gives the pattern its bearish characteristic. The technical goal is arrived at through computing the vertical top of the sample and including this height to the breakout point. it can also be computed by means of drawing a line parallel to the base of the triangle through the trough of the primary correction.
NSE:ACCShort
by CodeViser
1
Reliance -Making Bullish Breakout pattern PENNANTHello everyone, I am sharing my Idea for Reliance Industries. Reliance is about to make " Pennant" Bullish breakout pattern in a day time frame. we Just need confirmation. What is Pennant Pattern? Pennant is a short-term continuation pattern. It is created when there is significant price movement in the stock, i.e. strong volume rally on the back of positive fundamental development followed by several days of narrowing price consolidation in the stock on light volumes. Finally a fresh breakout is observed in the direction of the prevailing trend with a surge in volumes once again. The duration of the pattern is usually a few weeks. The pennant is in effect a very small triangle. The technical price target for a pennant is arrived at by computing the height of the flag pole and adding it to the eventual breakout point after consolidation.
NSE:RELIANCELong
by CodeViser
4
Boeing: stocks can leave the current range this weekOn Wednesday, April of 25, before the opening of the market, quarterly reports will be published by the world leader in the aerospace industry The Boeing 0.05% Company. Some general information: The Boeing Company is the world leader in the aerospace industry. The main operating segments of the company include: commercial aircraft construction (production of passenger and cargo aircrafts); defense and space projects (in particular military aircraft construction, space systems, etc.), global services and support, as well as Boeing Capital (equipment leasing services, asset management). The company's stocks demonstrated the highest growth among the Dow Jones Industrial Average in 2017. The technical picture on Boeing shares in 2018 can be described as flat in a fairly wide range of fluctuations: $ 310- $ 360. As for the long-term picture, the upward trend remains an actual dominant in the movement. The fundamental background this week will naturally be determined by quarterly financial results. Let's note that according to the results of the previous quarter (published on January 31, 2018), the company pleasantly surprised the markets with positive numbers. In particular, EPS significantly exceeded analysts' expectations: $ 4.80 against the average forecast of $ 2.91 (that is, expectations are more than 60% (!)). Other indicators also came out better than expected. For example, revenues were $ 25.37 billion (forecast was $ 24.78 billion), which was also almost 9% better than the result for the same period last year. As we see, the uptrend has a completely material fundamental basis. We think current forecasts will be exceeded as well. The key for this is that the global air transportation market is growing, as is the profitability of this business (which means orders for Boeing products will grow, which again means increased cost savings due to economies of scale and increased business margins, and hence profits in the long run). Note that the segment of commercial aircraft generates over 60% of the company's revenue. We recommend to follow the trend and to buy shares of the most successful company in the US stock market in 2017 (case of Dow Jones industrial). The fundamental background is extremely favorable for the company: sales are growing, as are the number of new orders and the technically upward trend does not give any doubt about the direction of the trade. In total, we recommend to buy from current prices (with an addition in the $ 320 area in the case of local correction) with primary targets around $ 360 and upside potential up to $ 400.
NYSE:BALong
by Trade24Fx