Finolex Cables Ltd (FINCABLES:NSE)

Event Details for: Symmetrical Continuation Triangle (Bullish)


Finolex Cables Ltd (FINCABLES:NSE)




A Symmetrical Continuation Triangle (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. The formation occurs because prices are reaching both lower highs and higher lows. The Technical Event occurs when the price breaks out of the triangle formation to close above the upper (descending) trendline, thereby confirming the pattern.




Event Date: Jun 25, 2010
Opportunity Type: Intermediate-Term Bullish
Close Price: 49.95
Target Price Range: 61.00 - 64.00

Price Period: Daily
Volume: 374,257
Pattern Duration: 40 days
Inbound Trend Duration: 60 days

Time Technoplast Ltd

Event Details for: Continuation Diamond (Bullish)

A Continuation Diamond (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Prices create higher highs and lower lows in a broadening pattern, then the trading range gradually narrows after the highs peak and the lows start trending upward. The Technical Event occurs when prices break upward out of the diamond formation to continue the prior uptrend, which confirms the pattern. More...
Event Date: Jun 17, 2010
Opportunity Type: Long-Term Bullish
Close Price: 52.50
Target Price Range: 64.00 - 67.00

Price Period: Daily
Volume: 592,042
Pattern Duration: 134 days
Inbound Trend Duration: 231 days