Dear All , Continuation Patterns are always helpful to identify the trend . In TM , There was Descending Triangular Pattern , While Peak/Bottom is 145.25/103.40$ . On the First Break-Out , It was unable to sustain and came down into the pattern but On 2/3rd of Apex , It gave A Sustainable Break-Out . By Break-Out :
Calculations : According to Pattern - Difference between Peak and Bottom = 145.25-103.40$means 41.85$
By Breaking Out 145.25$ , Targets will be of [{145.25+(41.85)}]$
That's Equal to 187.10$
Conclusion : Long TM - Targets :
1st : 123/127$
2nd :130/132$ Stop-Loss : 115.35$
3rd : 144/146$
By Breaking Out 3rd Target , TM will move to 187.10$ in Medium Term .
With Regards ,
KBMJ
Research Analyst (INDIAN)
Calculations : According to Pattern - Difference between Peak and Bottom = 145.25-103.40$means 41.85$
By Breaking Out 145.25$ , Targets will be of [{145.25+(41.85)}]$
That's Equal to 187.10$
Conclusion : Long TM - Targets :
1st : 123/127$
2nd :130/132$ Stop-Loss : 115.35$
3rd : 144/146$
By Breaking Out 3rd Target , TM will move to 187.10$ in Medium Term .
With Regards ,
KBMJ
Research Analyst (INDIAN)
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
