Update : Nifty Ascending Triangle

Nifty broke on downside from ascending triangle it made on hourly charts and again took support at lower trend line of 90 point range it has been trading in for last 12 trading sessions.

Nifty : Ascending Triangle

Nifty has formed ascending triangle in hourly chart, pattern gets confirmed above 5725-5730 and could target 5780-5815.

Update : Tata Motors

Today Tata motors reached its first target given in this post .

Tata Motors

Tata Motors has given a breakout from ascending triangle it could now target 273 >> 295.

Hindustan Unilever

Hindustan Unilever has made ascending triangle pattern on daily chart so if it takes out 403 with good volumes then the stock could target 430-435.
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Update EOD

HUL gave a breakout on good volumes.

Amara Raja Batteries Limited

Amara raja batteries limited could go to 220 if the stock keep closing above 185 consistently for few sessions.

Reliance

Reliance has been trading in an ascending triangle for almost an year and is now near its lower trend line , reliance being big daddy of Indian stock market could give further direction to market with its movement.

VIP Industries

VIP Industries has given a breakout from ascending triangle on decent volumes so one could buy it with target of 345-350 with stop loss of 280 on closing basis.

Update : Ascending Triangle in S&P500

Ascending Triangle target reached given in this post .

US Market - S&P 500

An Ascending Triangle is forming in S&P500 , if it manages to close above 1080 then it could target 1101-1104.Pattern invalidates below 1056.

Intraday Post

Ascending Triangle is forming in nifty , if 4891 is taken out with volumes nifty could target 4950, pattern invalidates below 4863.

Uco Bank

Uco Bank gave a breakout from ascending triangle on good volumes , it could now target 73-75.One can buy it with 55 as stoploss.

Vakrangee Software Limited

One can buy vakransoft for target of 110+ with stop loss of 67 on closing basis.

Nifty

Nifty Monthly Chart

Nifty managed to give a breakout from range it was stuck in for last three months but breakout was on low volumes .

Nifty Weekly Chart

On weekly chart also nifty managed to give a breakout from ascending triangle but again as the breakout was on thin volumes one should be cautiously long.

Nifty Daily Chart


Support and resistance for nifty for 04/01/10 are shown on the chart.

Nifty Weekly Chart

Ascending Triangle could be seen on nifty chart , if 5181 is taken out with volumes we could target 5800 area in coming months.

Update:Ascending Triangle in Orchid Chemicals

Target reached for orchid chemicals given in this post .

Nifty

Last two days action has formed ascending triangle in nifty ,if 5017 is taken out with good volumes nifty could target 5100.

Nifty

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Update on 01/10/09

Nifty made a high of 5100

Orchid Chemicals

Today Orchide chemicals gave a breakout from ascending triangle on very good volumes ,it could now go up to 200-220 levels

Update on ascending Triangle in nifty