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Ascending Triangle

Ascending triangle breakout in PAYTM ?Ascending Triangle Breakout in PAYTM in Daily Chart. After the continues down fall from the listing, now, the downside momentum was paused. Bulls are slowly taking control of the stock, Previously they tired for breakout but stock was stuck in 750-770 range. Then stock came around 680 range where there was a strong trend line support. Next day formed inside bar candle, by that again bulls paused further downside movement. Now, the stock broke its previous 750-770 range with good candle supported by volume. So, 770 range will be immediate support, 720 will be next Important support Stock has a potential to reach 930 level in coming days. If any one taking trade now, 730 will be SL. Any one taking position for retest, then Risk taker keep 678 as SL. For less Risk taker 697 will the SL. Overall analysis is given in the chart. This is just a view not a recommendation to trade. Do your own analysis before taking trade. NSE:PAYTM
NSE:PAYTMLong
by varun_devadiga
Ascending Channel Pattern 1. What is the Ascending channel pattern? - Price trade within the range in an up trend, it forms a higher high and higher low. - The channel provides support and resistance - Until prices continue to advance trade within the channel - Volume Activity turns stagnant 2. How to trade it? - If it breaks above the resistance line, extrapolate the channel range from point of the breakout point. - If it breaks down the support line, extrapolate the channel range from point of breakdown point.
NSE:NIFTY1!Education
by OK_Rane
Colgate forecast next NSE: COLPAL Time Frame :- 1 Day Patterns Name :- Ascending Triangle Conclusion :- A Ascending Triangle which is nearly completed now shows some forecasts that could be followed by the market as shown in the Figure We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern Comment Below If You want to ask me questions on this on any other idea BTW Like and Follow if you like this content Have a Nice Day to you all Made By MAYANKTECHRESEARCHING
NSE:COLPAL
by MAYANKTECHRESEARCHING
Ascending Triangle Forming : Apollo HospitalsNSE:APOLLOHOSP Apollo Hospital is forming one of the common Technical patterns in its Chart on a daily time frame. The technical pattern here we are talking about is Ascending Triangle. More about Ascending Triangle: It is formed by two lines converging towards each other, one of the lines will be a trendline heading upward and another line is a horizontal line. The higher low of Stock forms the Trend line and the Highs of the stock form a Horizontal line. This provides a great trading plan as it gives you an Entry point, Exit Point, and even the confirmation on taking the trade with the help of volumes. If the price breaks the horizontal line one can go long on the trade and if it breaks the Trend line then one can go short.
NSE:APOLLOHOSP
by Mr_Financial_Literate
Jsw why it is not a downtrendNSE: JSWSTEEL Time Frame :- 1 Day Patterns Name :- Ascending Triangle Conclusion :- A Ascending pattern which is a Bullish Pattern and a signal before the Uptrend which most probably shows up a Up trend . We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern Comment Below If You want to ask me questions on this on any other idea BTW Like and Follow if you like this awesome content Made By MAYANKTECHRESEARCHING Have a Nice Day to you all
NSE:JSWSTEELLong
by MAYANKTECHRESEARCHING