chartwithtrade

  1) Brigade Enterprise - Click on the chart to enlarge view. CMP-290.00 RECO-Buy Entry Range-Rs. 260.00–300 Target-550.00/650.00 Stop Loss- 250.00 Closing basis Duration- 06 to 12 months *Stock has given a Mega Phone Pattern breakout on weekly chart and trading near lifetime high on weekly time frame. *If we look at the volume part, significant volume activity is witnessed at the time of breakout. *Price has also trading all the important moving averages. *Considering all technical evidences we may see good up move in Brigade Enterprise. Thanks for reading and kindly let us know if you have any questions.

     *  Megaphone pattern is a pattern which consists of minimum two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work. However, traders love this pattern when it is formed in a daily or weekly time frame. Key Points :- * Megaphone pattern is a pattern that consists of minimum of higher highs and two lower lows. *The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. *Megaphone pattern is known to give multiple trading opportunities to the trader. *This pattern also can be traded when it fails but is necessary to identify the failure perfectly. *Sometimes only pattern is not enough to take best trading decisions you may need multiple indicato...