MJVegad

MJVegad Updated 

Any closing below that trendline will break this pattern.

MJVegad Updated 

After multiple attempts, it is trading above 130. Next major resistance at 141. If broken out successfully, it can rally up to 180.

MJVegad Updated 

If it crosses 53-55 with volumes, it can fly to touch its 200 DEMA of 71-72.

MJVegad Updated 

Cup & Handle Pattern Confirmation: 1) Forming cup with 'U' shape 2) The handle is getting formed in the upper half of the cup 3) The volume has decreased while forming the handle Interpretation: - The stock was in an uptrend until it hit the major resistance(near to all-time high) - Selling pressure incurred due to people who were stuck at high prices - Not...

MJVegad Updated 

Ascending Triangle Confirmation: - There are 2 swing highs touching the horizontal line - There are 2 swing lows touching the other triangle line - Before the triangle, the stock was trending with strong volumes - In the triangle, the stock is getting consolidated with contracted volumes Interpretation: - Ascending Triangle is a continuation pattern - Here it...