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Ascending Triangle

MCDOWELL Rounding Bottom + Ascending Triangle - Short Term TradeThe analysis is done on 15 minutes TF hence price may achieve targets in a day or take a few days. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:UNITDSPRLong
by TradewithAditya
7
WHICH WAY COULD THE MARKETS GO FROM HERE? (BANKNIFTY)The global cues lately have not been the best and markets are correcting quite aggressively lately. BankNifty has corrected a little over 15% and Nifty close to 10% The pattern I am observing now is a triangle pattern, with both an upside possibility as well as downside. The trade plan: Bullish: Entry upon breakout above higher trendline (36,650) SL: 36,050 Target: 37,850 Risk-Reward: 1:2 Bearish: Entry upon breakdown below lower trendline (35,900) SL: 36,500 Target: 34,700 Risk-Reward: 1:2 I know that the SL and Target are quite large, hence, this would be a good opportunity to practice position sizing. Generally for smaller targets I could trade full quantities, but for this my risk is only about 100-200 points and targets around 400 points max. But considering the VIX is trading around 20, the volatility is high and larger targets can be achieved. So, if the SL and target are upto 3x my normal trades, this where I will cut down my positioning by 1/3. Example, if my full quantity is 150 (6 lots), I will only trade 50 (2 lots) which is exactly 1/3. This will ensure that larger SL does not mean more risk in absolute terms.
NSE:BANKNIFTY
by ArcherDAVIS
#WRX/USDT CHART !!! BULLISH PATTERN !!! DON'T MISS WAZIRXAs you guys can see in chart it is forming "Ascending Triangle" in Weekly Time Frame which is bullish pattern and if this week candle does not break this triangle than it has probability to break triangle in upside which is very bullish and we have 3 days left for weekly closing, we have to wait if this weekly doesn't break than next weekly candle most probability will be in green. And you can buy some wrx at current price and after that if it goes down than buy some part always buy in parts #NFA(Not Financial Advice).........
WLong
by Mohitvani