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Apex

A SYMMETRICAL TRIANGLE TRAP VARIATIONTriangles 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 traps most short sellers on the wrong side of the market at 6. The price then shoots up with strong momentum leaving no choice for the short sellers than to cover their positions. So instead of only breakout buyers at 7, the variation will also trigger buy orders of trapped short traders. Due to large number of buy orders at 7 the price shoots up pretty fast without any major pullbacks. Its always good to keep such a strong weapons in your quiver and strike whenever the opportunity knocks. It needs to be pointed here that the pattern will lose its worth as the price drifts closer to the Apex. As a rule of thumb, If the price is beyond 3/4th the length of the triangle, as shown on the chart, the pattern should be traded with caution. If the price has drifted up to the Apex, then ignore the pattern and move on to a next one. The target for the triangle should be the height of the triangle from 1 to 2. This length measured above 7 will give us the target. Ex. If the distance between 1 to 2 is 50 points and the breakout 7 happens at say 550, then target will be 550+50 = 600 (just an example). This is a conservative approach. Some trades would like to hold it and trail their stop loss until they get stopped out. It all depends upon one's trading style. I hope the post would catch your interest. Do like and comment for more educational ideas in future. Regards JJSingh
NSE:NIFTYEducation
by Bravetotrade
2
APEX: Advance pattern (W + Flag) + 'W' + 'W' within Channel► ADVANCE PATTERN #4 ◄ 📌 Levels are mentioned on chart for ❝Swing trading❞. ☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio. ☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!! Entry: ▲ 325 SL: ☢ 300 Target: ➚ 390 RR: ☈ 1:2.6 ☆ Thank you. Happy Trading!!! Best Regards, 𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧 𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮. ✮ Disclaimer ✮ -------------------------------------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ---------------------------------------------------------
NSE:APEXLong
by Profitable_Traders
One Right Trade's Swing Trade Idea #167 : Long on APEX This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:APEXLong
by onerighttrade
APEX FROZEN FOODS - Bilateral Situation.Looks like its going to break the Ascending triangle as it tried before between 19-27 Aug but was rejected and pulled back proving to be a false breakout signal. It showed some strength again on 14-15 sep but again rejected. Now looking at the BIGGER picture (Symetrical Triangle) seems like heading towards a Bilateral situation , means either up or down. I n my opinion we should give it one more weak to see the intentional direction. Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
NSE:APEX
by sureshsehrawat
Kotak Bank: Dancing Around the AxisHi Its not uncommon to see a stock trading within a range but its uncommon to see a stock playing around the axis line in a disciplined fashion on higher time frames. For an axis line to develop, firstly we should have an uptrend and a downtrend line converging at the apex as in this case. After that we should look for points where the price is rejected multiple number of times, with in the area confined by the trend lines. If we get a straight line after joining the rejection points, we get our axis line. The line does not have to be exactly in the center of the area specified. The beauty of the axis line can be more clearly seen by going few time frames lower as in this case it can be seen on hourly. By jumping onto lower time frames we can look for trading opportunities when the price approaches the axis line. As we always observe the axis line in the consolidation phase only, we should look for short term opportunities and book profits as soon as we approach the trend lines. The price may keep on oscillating as long as it does not break out of the trend lines, where we can look for longer term trend trades. I hope this knowledge would help some traders. Regards JJSingh
NSE:KOTAKBANK
by Bravetotrade
6