This post helps you to understand how you can project any pattern formation in earlier stage. Also, It helps you to build your perfect weekly watchlist. Create Your Price Action Weekly Watchlist in Following Sections: 1) Early Stage Price Action(Waiting Phase) 2) Mid-Stage Price Action(Reversal Entry Phase) 3) Final Price Action(Breakout/Breakdown Entry...
Looks to be a triangle breakout in day chart for IGL with good risk to reward ratio IGL BUY at 525-510 target 593 SL 498
As it has formed a triangle pattern, Will it breakout now?
Take trade at your risk. Donot invest more than 5% of capital in any trade
What is an Ascending Triangle Pattern? Ascending Triangle Pattern is a continuation pattern that means when it plays out it will continue the preceding trend. It is created by price moves that allow for an upper horizontal line to be drawn along the swing highs, and a lower rising trendline to be drawn along the swing lows. These two lines form an ascending...
Triangles are one of the best continuation patterns. They are normally seen in the middle of a trend as the price halts and rebuild energy to resume in the direction of prevailing trend. In this particular variation shown on the chart, the price breaks against the trend. It would look like as if the pattern is about to fail but the breakdown ends up in a trap. It...
Looking near a positive breakout range. so wait for breakout & retesting.
Awesome Triangle breakout caught in GranulesIndia today and also took as btst. Orginal trade was Buy at 335.6 and hold till 361+ with an sl of 330.5
1. This is basically a Symmetrical Triangle Pattern. Where Resistance & Support Line tends to cross near future, which is also known as APEX point. Breakout can happen both the side e.g. ups and down. In this chart is it in upside breakout. 2. We've to measure the distance of price range. Which is between Resistance & Support Line, when pattern was developed and...
NSE:BERGEPAINT When market break on upside or break the resistance line of this pattern, market was totally on bullish nature and we have to catch that bull run.
The Symmetrical Triangle is usually a continuation pattern. It represents a pause in the existing uptrend after which the original uptrend gets resumes. A breakout from the upper trend line marks the continuation of an uptrend while a breakdown from the lower trend line marks the start of a new bearish trend . This pattern is also known as a wedge chart pattern. ...
Just for educational purpose!!! All about symmetrical triangle, upward channels and trendlines!!!
1 , multi year trend line brek out 2 , triangle pattern break out Entry above 105 Sl 92 Target 125 and 135
A breakout trade will work almost right away from the start, if the breakout happens with huge momentum and then you see Doji candles or hammer then there is a problem with follow-up. A bullish breakout must always be accompanied by a good follow up, else it cannot sustain. Bullish breakout needs good bullish candles, not Doji. Note-As soon as you enter a...
- Price is converging between lower trendline and upper trendline, will need to give breakout (follow the major trend) - Price must trade above 35800 and sustain to make upper move to ATH which is 5.38% away) - Outperformed nifty this week, follow up price action is needed (upside) as price closed exactly at upper trendline shadow - Anticipating breakout in 1-3...
OBEROIRLTY: Swing trade Ascending Triangle Breakout In Ascending triangle pattern the upper trendline is flat, while the lower line is rising. This pattern indicates that buyers are more aggressive than sellers. It is considered a bullish pattern and is usually resolved with a breakout to the upside. The pattern is completed on a decisive close above the upper...
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. 1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. 2. The breakout...
CLOSELY WATCH THE LEVELS VOLUMES HAVE STARTED TO POP IN 23/6/21 - Smallcap, Material (paper)--posted negative results FY21---quarterly results mar21 is positive -W- Stock has bottomed out and started making positive price structure - Above all major EMA on D, in W, crossing 100EMA with good VOL - Parameters positive on D & W - Volume have started to...