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Ascending Triangle

GMRINFRA; 1H Chart; Parallel Channel Breakout probableThe stock after touching it highs of about 10Years, took a downward trajectory and a healthy correction occurred. The stock took support at 0.382 Fibonacci Retracement (You can check this by creating grid), henceforth continuing its journey in a parallel channel. This Channel Pattern consolidation is visible at 1H Charts. A breakout from this channel will lead the stock to further upmove. (Also you can construct a Ascending Triangle for the stock in the similar time frame and price range, which might show the last candle leading a breakout from the triangle with accompanied volumes.) I am personally bullish on this trade. ** I am not a SEBI Registered Advisor, Kindly consult your Financial Advisor and do your own analysis before taking a trade.**
NSE:GMRINFRALong
by ParyataK
Gravita: Potential Breakout coming up.NSE:GRAVITA Hello, all let's analyze this script to check its probability of winning. Trendline: The Slant line going upside provides necessary support to the price and doesn't allow the price to go below it. The Upside arrows marked in the image indicate the previous support. Horizontal line: This acts as a resistance to the price and doesn't allow the price the go beyond it. The downward marked arrows show the previous resistance. Overall: This whole pattern looks like ascending triangle and this shows the continuation of the bullish momentum of the stock.
NSE:GRAVITALong
by Mr_Financial_Literate
TCS is showing signs of bearishness TCS is showing signs of bearishness.. Reasons/Traits : • Ascending triangle pattern breakout seems reached the target (For this pattern targets usually will be the width of current triangle pattern as shown ~16%) • Daily Trend far away from 200 EMA • Uptrend is in pause mode • Bearish Abandoned Baby pattern (last 3 candles) formation seen (very rarely this kind of pattern is seen indicating chances of downtrend) • Doji is formed at the top of the uptrend (Trend uncertainty) • Bearish Engulfing pattern is seen (chances of downtrend) • Volume is decreasing • RSI, Stoch and MACD in overbought zone • ADX is 53 (indicating very strong trend) • Fib level retracement (from 25th Jun) crossed 2.618 levels and last closing candle is exactly at 2.618 • Current uptrend (from 28th Jul) retracement need to happen for a healthy uptrend What can happen next : Scenario 1 : Price lower than 3808 leads to 3700 to complete retracement of 0.236 levels and move up for a strong uptrend. It can also make a higher low (for the current wave uptrend) till 0.5 or 0.618 levels before moving up. Scenario 2 : Price going up above 3877 can test 3.618 levels (4080) 3350-3380 levels is very strong support zone. Let’s see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:TCS
by AdhigamaTrading
3
RECLTD - Ascending Triangle PatternThe stock has been ascending for the past few days, and has been close to resistance quite a few times. Considering the setup, it is a likely candidate for Breakout of resistance, for a likely target of 180. I recommend a stop loss of 155, but you can take a call basis your risk profile. The trade offers a risk reward ratio of >1:4. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing the like if you liked the idea.
NSE:RECLTDLong
by Yes2Profits
2
Multiple bullish patterns at breakoutStock is in uptrend for few years with a trendline support from 2016. During COVID crash, bears broke the trendline support. The Bulls energized a V shaped recovery and took the trendline support again. While the V shaped recovery, the stock formed Inverted head and shoulder and it is at the urge of breakout with the ascending triangle formation. Patterns :- Trend support line Inverted head and shoulder Ascending triangle formation Buy above neckline Target at 1024, 1499 Stoploss at 750
NSE:AXISBANKLong
by Parthiban-Sampath
Levels for - 14 Oct 2021EXPLANATION : This is a 45 min time frame chart of HDFCBANK , It has been in a consolidate for day and has formed an Ascending triangle pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on HDFCBANK . If give a strong breakdown and broke its trendline support with high volumes and retest the same , I am bearish on HDFCBANK . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:HDFCBANK
by pranav_nanavare