Pattern: Symmetrical Triangle | Timeframe: Monthly | CMP: ₹208
Potential Target: ₹430+ | Key Resistance: ₹259.50 | Support: ₹170.20
📐Technical Breakdown
EPL Ltd has been forming a massive symmetrical triangle for over 3 years – a classic pattern that signals a strong directional move ahead. The breakout in 2023 failed to sustain, but what followed was more bullish: a textbook retest of the breakout zone, holding above long-term support at ₹170.
The current monthly candle is showing signs of reversal right at the converging trendline – suggesting bulls are stepping back in. 📈
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🔥Why EPL Could Explode:
* ✅ Breakout from a multi-year consolidation
* ✅ Strong bounce from trendline support
* ✅ Huge price contraction = energy building up
* ✅ Target of ₹430 implies 100%+ upside
* ✅ Solid risk-reward setup for*swing/positional trades
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🛡️Risk Management:
Below ₹170 = setup invalidation. Keep stop-losses tight if trading short-term.
💬 What’s Your View?
Do you think EPL is gearing up for a major move? Drop your thoughts in the comments!
#StockMarket #EPL #NSEStocks #ChartPatterns #BreakoutStocks #HiddenGems #SwingTrade #PositionalTrading #TechnicalAnalysis #TrianglePattern #MultiYearBreakout #TrendReversal #TradingViewIndia #MidcapStocks #SmartMoney #VolumeBreakout #LongTermInvesting
Potential Target: ₹430+ | Key Resistance: ₹259.50 | Support: ₹170.20
📐Technical Breakdown
EPL Ltd has been forming a massive symmetrical triangle for over 3 years – a classic pattern that signals a strong directional move ahead. The breakout in 2023 failed to sustain, but what followed was more bullish: a textbook retest of the breakout zone, holding above long-term support at ₹170.
The current monthly candle is showing signs of reversal right at the converging trendline – suggesting bulls are stepping back in. 📈
---
🔥Why EPL Could Explode:
* ✅ Breakout from a multi-year consolidation
* ✅ Strong bounce from trendline support
* ✅ Huge price contraction = energy building up
* ✅ Target of ₹430 implies 100%+ upside
* ✅ Solid risk-reward setup for*swing/positional trades
---
🛡️Risk Management:
Below ₹170 = setup invalidation. Keep stop-losses tight if trading short-term.
💬 What’s Your View?
Do you think EPL is gearing up for a major move? Drop your thoughts in the comments!
#StockMarket #EPL #NSEStocks #ChartPatterns #BreakoutStocks #HiddenGems #SwingTrade #PositionalTrading #TechnicalAnalysis #TrianglePattern #MultiYearBreakout #TrendReversal #TradingViewIndia #MidcapStocks #SmartMoney #VolumeBreakout #LongTermInvesting
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Telegram: t.me/traderpulseyt
Disclaimer
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LOW RISK? PLAY HUGE!
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.