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Ascending Triangle

Silver Price action and RSI study Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area ) Learning Pointers >> Pattern here is Descending triangle >> Time frame here is Weekly >> Candle position -> Mother bar : Inside bars on multiple weeks >> Rsi telling about Divergence of price and relative strength ( Rsi making higher lows, meaning it is bullish ) >> Price making same lows >> Price taking rest at 150dema, can combine itself with 200dema too in near future on W charts
MCX:SILVER1!Long
by Averoy_Apoorv_Analysis
Triangle Pattern Breakout ImpendingImportant SR levels Update based on volume profile analysis for NSE:BAJAJ_AUTO Hello Trader. If you like the idea, do not forget to support with a like and follow. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing . #supportandresistance #volumeprofileanalysis #stockmarketindia #bajajauto
NSE:BAJAJ_AUTO
by Ami8singh
Varun Beverages: VBL - Long - Swing + IntradayVBL has just given breakout on the upside for an ascending triangle formation successfully giving a daily close above the previous 52week high and all time high. For swing traders, it can be bought on retest of levels around 1005-1020. Ideally the SL should be 990 owing to the psychological figure barrier that it broke. But considering ascending triangle rules, SL can be kept near 965 with a Target which is a confluence of ascending triangle as well as 1.618 ratio i.e 1138. This give a R:R of nearly 2.5. Booking half quantity here and trailing SL to 1000, It can be held for targets of 1195 giving further higher R:R. Intraday traders can buy on 15min candle close above previous day's high with SL 5-10 points below previous days high since it is slightly volatile for targets of 1098. Cheers to Pepsi! Do like, comment and share if you like the analysis!
NSE:VBLLong
by The_Confluence_Trader
Affle - ascending triangle pattern Affle is constantly making higher highs and higher lows. Price is forming an ascending triangle, which is form of a bullish set up. Interpretation: Price moving high in a narrow range, increase in share price means that buyers are interested in buying a stock even at increasing price, which indicates a bullish anticipation in buyers. Price is also showing 2 more bullish signs: 1. Price taking support from key moving average: 20 Day EMA 2. Key moving average cross over : 20 day Ema has crossed 50 day EMA from below, on 31st march. Keep an eye on stock and add to your watch list. Any close above 1295 can lead to potential target of 1340, 1412, 1480 in order. Check your risk appetite and pick safe targets accordingly. **********
NSE:AFFLELong
by warrenwaytrading
AEGISCHEM - Ascending Triangle BOAEGISCHEM Buy-Above 220 Sl-190 T- 250 280 300+ The stock has been in a correction phase since Jun 2021. Bulls have showed their presence by making a bullish engulfing candle in weekly TF. Our entry is not completely based on candle but price action too. In daily TF there is a bullish price action building up. Stock has given breakout of ascending triangle. It has closed above 50 EMA in daily TF. The stock looks for short term and mid term. Short term traders can easily get 15-16% move in a leg. Mid term traders can stick to it till targets are met.
A
by Omahto
How to Trade an ASCENDING TRIANGLE BREAKOUTSTRUCTURE --> ASCENDING TRIANGLE is a type of consolidation pattern formed after an Uptrend ( Markup Phase). --> ASCENDING TRIANGLE is a triangular pattern with a flat horizontal Resistance on the top and a Trendline that connects atleast two Higher Low swings from the bottom to the top of the Triangle. --> ASCENDING TRIANGLE is considered to be a Bullish Pattern because the Swing Lows are getting shifted Higher signifiying the Sellers loosing the strength . LOGICAL REASON BEHIND THE PATTERN --> As the ASCENDING TRIANGLE is having the flat horizontal Resistance on the top , There are stack of STOP-LOSS-ORDERS just above the horizontal Resistance. When some Strong Buyer punches a heavy buying order, The order Triggers all the STOP-LOSS-ORDERS which were placed above the horizontal Resistance turning the sellers as buyers. --> Seeing the Breakout various New Traders and Algo's place more buying orders and the price tend to move higher. Example --> Take the example of the crypto GMTUSDT . --> Initially the crypto was in the Mark-Up phase. --> Later this crypto entered into the Consolidation phase by making ASCENDING TRIANGLE as the consolidation pattern. --> $0.82 was the horizontal resistance established by this stock. --> The Lows started shifting up from $0.5 to $0.7 to $0.75 showing loss in seller strength . --> The Price started sustaining above the POC (Point of Control) showing buyers strength. --> When Price Breached $0.82 all SL orders were Trigerred and the crypto gave the breakout with volume . --> The price moved higher as new Traders and Algo's placed more buying orders . Target and Stoploss --> Target would be the Depth of the Ascending Triangle, Projected above the Resistance Breakout as mentioned in the Example Screenshot. --> Stoploss would be placed below the Breakout Candle LOW .
Education
by Roswin-Fernandes
28
ADANITRANS--> ASCENDING TRIANGLE BREAKOUTNSE:ADANITRANS TECHNICAL ANALYSIS --> ADANITRANS is on the verge of breaking out of the ASCENDING TRIANGLE . --> ADANITRANS has given two consecutive closing above the POC (Point of Control-Volume Profile). --> Stock has tested the top of the Ascending Triangle multiple times so next time there is a high probablity of breakout. ENTRY --> Take a postion when stock gives 1 HR closing above 2480. STOPLOSS --> SL can be placed below the POC at 2395. TARGET --> Target can be placed on the trendline on the top around 2650.
NSE:ADANIENSOLLong
by Roswin-Fernandes