Triangle with flat top at 6340-6360 was observed on Nifty during 2008-2013. That almost coincides with UPA II. A break out happened in March 2014 to achieve exact 61.8% level at 9120. I'm excited because this is the first triangle I am trying to interpret, and it gave very encouraging results. What makes this interesting are the break-out attempts as soon as...
Descending Triangles forming as reversal patterns at the end of an uptrend i Believe!!!
Triangle formation inside falling wedge check the chart carefully. Wait for the breakout and ride the move.
Just a study on Triangles - Training eyes
Nifty has been trading in an range since December with top 11000 and bottom 10330. It has formed a symmetric triangle in daily charts and head and shoulders on weekly charts. Breakout or breakdown in such scenario has to be big. Further movement will be confirmed basis the closure above 10940 or below 10584. Trading below the bullish trendline (green) may make...
SYMMETRICAL TRIANGLE FORMATION IN INDUSIND BANK JAN FUTURES PATTERN IS VISIBLE IN THE DAILY CHART HAS A NEARBY RESISTANCE AND SUPPORT VOLATILITY AFTER RESULTS SHOULD NOT BREACH THIS LEVELS !!PLEASE NOTE THAT!! BREAKING OUT OF PATTERN ON FINANCIAL RESULTS ALWAYS RESULTS IN CLEAR DIRECTION AND TREND FOR MEDIUM TERM!! !!TODAYS BREAKOUT WILL BE A DIRECTIONAL...
NOTE:- Traders,viewers and other analyst are free to express their opinion and suggestions regarding this article. View on the Index NIfty has formed an sysmmetrical triangle on a daily chart and it is confirmed!!. So a break above 10930 on closing basis shall confirm the uptrend towards 11080. If i am wrong then we shall use the upward sloping trendline...
Expecting downside breakout in CESC , Symmetrical triangle formed. Short Below 680 with stop loss of 700 Target 1- 667 Target 2- 645 Target 3- 620+ Entering long in CESC if moves above 710 for target of 735 & 760+ *Recommended for positional trade!
price at an interesting level + also showing a descending triangle pattern.
THIS IS FOR EDUCATION PURPOSE ONLY IF LUPIN BREAKOUT DOWEN SIDE HERE- SHORT
TATA STEEL ON 30 MIN CHART SHOWING BREAKOUT PATTERN CROSSING LONG TERM S LINE CURVE. BUYING STRATEGY BREAKOUT ABOVE 595 ... TGT -- 606 -- 613 SELLING STRATEGY BREAKDOWN BELOW 585 ... TGT -- 574 -- 565
Presently in Down Trend and Chart has made Pennaut/ TRiangle . Immediate Support at 755
we have to connect minimum of 2 highs and 2 lows to form any type of triangle pattern. here, it's a symmetric triangle on a weekly chart. to know more about triangle patterns and how to use them,click on the link. www.investopedia.com Thank You!
Check out EXIDEIND. A Trade setup is possible very soon. Either a breakout or a breakdown the triangle. This is NOT an investment recommendation nor I am a SEBI Registered Technical analyst. Invest only after consulting your financial adviser.