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Ascending Triangle

INDUSINDBK-Intraday/short term positional After the big fall, stock is consolidating from last month. It has formed Ascending tringle pattern. From past 2 days i.e. 8th and 9th April 2025. It is trading in range. which states that buyers are accumulating. It has potential to move if it opens between 692-700. It may go sideways for one more day it is a good opportunity for Long Intraday/short term positional trade. If it opens 666, avoid. Any confusion, feel free to drop msg. Happy to help :) This is only for educational purpose, please manage your risk accordingly.
NSE:INDUSINDBKLong
by Rushikesh_09
7
The Ascending Triangle Pattern: A Bullish Continuation GuideHello Traders! In today's post, we’ll explore the Ascending Triangle Pattern , one of the most reliable bullish continuation patterns that traders look for during uptrends . It’s an important tool for identifying potential breakout points in trending markets. If you want to learn how to trade these breakouts effectively, mastering the Ascending Triangle is essential. Chart Pattern: The Ascending Triangle is a strong bullish continuation pattern. In the case of ASIAN PAINTS LTD , we see the price action forming a flat resistance at the top and a rising upward sloping support at the bottom, indicating that the bulls are gradually taking control of the stock. Key Points to Note: The stock is respecting the flat resistance , which has been tested multiple times (marked by the red circles). The upward sloping support is strengthening with each new low, showing growing buying pressure. The price has recently broken out above the resistance , confirming the breakout pattern. Trading Strategy: Entry Point : Once the price breaks the resistance level, consider entering at 1,172.45 . Stop Loss : Set your stop loss just below the upward sloping support at 1,151.25 to manage risk. Profit Target : The ideal target after the breakout is approximately 1,261.65 , which is calculated by measuring the height of the triangle and projecting it upward from the breakout point. Real-World Application: This is a bullish setup , and traders should keep an eye on volume confirmation post-breakout. A breakout with increased volume would make the setup even stronger. A price move towards the target of 1,261.65 would indicate a successful breakout trade. Risk Management: Ensure that you follow your stop loss at 1,151.25 to avoid unnecessary losses in case the breakout fails. Position size properly to align with your risk tolerance and the potential reward. What This Means for Traders: Bullish Setup : The ascending triangle signals that the bulls have control, and we expect the stock to continue higher. Watch for confirmation of the breakout and enter with confidence, but always be prepared with your stop loss. Conclusion: This ascending triangle is a classic pattern, and it offers a great opportunity for long traders . Keep an eye on the breakout, manage your risk, and this trade could potentially yield solid returns.
NSE:ASIANPAINTEducation
by TraderRahulPal
11
Finance Sector Leader on Breakout with Huge Volume--What’s Next?Hey Traders! Hope you're all doing great! There’s an exciting trading idea setting up with Bajaj Finance , and I couldn’t wait to share it with you. The stock is forming a classic Ascending Triangle Pattern , and based on this setup, we're expecting a nice breakout soon. Let’s break it down. Technical Analysis: Ascending Triangle Pattern The Ascending Triangle is a bullish continuation pattern that indicates strong buyer interest and a potential breakout. Bajaj Finance has formed a clear ascending triangle , with a horizontal resistance at the top and an upward-sloping support line at the bottom. The price has been making higher lows, showing that buyers are gradually gaining strength, while sellers are being squeezed at the resistance level. Bajaj Finance continues to be one of India’s leading financial services companies , delivering consistent growth in revenue and profitability. Here's a quick look at the key financials from the December 2024 , September 2024 , and December 2023 quarters: Sales : Dec 2024 : ₹18,035 crore ( YoY Growth: 27% ) Sep 2024 : ₹17,091 crore Dec 2023 : ₹14,164 crore EBIDT : Dec 2024 : ₹12,344 crore ( YoY Growth: 24% ) Sep 2024 : ₹11,753 crore Dec 2023 : ₹9,934 crore Net Profit : Dec 2024 : ₹4,308 crore ( YoY Growth: 17% ) Sep 2024 : ₹4,014 crore Dec 2023 : ₹3,639 crore Earnings Per Share (EPS) : Dec 2024 : ₹68.60 ( YoY Growth: 17% ) Sep 2024 : ₹64.62 Dec 2023 : ₹58.88 These solid figures show Bajaj Finance’s strength and its growth trajectory across key financial metrics. I feel that fundamentally , Bajaj Finance is strong with 27% YoY sales growth and 17% YoY net profit growth , and technically , the Ascending Triangle Pattern on the chart shows a potential breakout, indicating the stock is ready for a big move in the coming months. Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
NSE:BAJFINANCELong
by TraderRahulPal
2
Positional Long/Reversal Setup: PVR Inox PVR has given a correction of ~40% from its latest High and is trading at a important make or break level. Current price structure is following a Descending triangle pattern, supported by the golden ratio zone based on swings from 2020 onwards. The daily RSI is at 28.41, indicating the stock is approaching oversold territory, which may precede a potential reversal. Also the CCI is at -131.31, placing it in the oversold range, which could indicate a potential price reversal. PVR is currently exhibiting a bearish trend however, oversold signals from the RSI, CCI and based on current price structure suggest the possibility of a reversal. ⚡Note: This is just for analysis purpose, please do your own research before punching any orders. 🔍 For more technical analysis and trade setups, make sure to follow me on trading view. 🔗 Trading View: in.tradingview.com/u/DebasisT/
NSE:PVRINOXLong
by DebasisT
Viaz Tyres Ltd: On the Verge of a Major Breakout or ReversalKey Highlights: Resistance Zone (₹70-₹72): The chart shows a well-defined resistance zone marked in red. This level has been tested multiple times without a breakout, making it a critical hurdle for the stock. Ascending Trendline Support: The blue trendline indicates a steady upward movement, with the stock consistently making higher lows. This trendline is currently acting as a strong support level, near ₹63. Critical Support Level (₹53.90): A red horizontal line at ₹53.90 highlights a strong support zone. If the price breaks below the ascending trendline, this level could act as the next major support. Volume Analysis: The stock is witnessing moderate volume near the consolidation phase, indicating indecision. A spike in volume could confirm a breakout or breakdown. Potential Scenarios: Bullish Outlook: A breakout above ₹72 with strong volume could lead to a rally towards ₹85 or higher. The ascending trendline suggests a positive bias as long as the price respects this support. Bearish Outlook: A breakdown below the trendline (₹63) may push the stock towards ₹53.90, the next support zone. Failure to hold ₹53.90 could trigger further downside. Takeaway: The stock is currently consolidating between ₹65-₹72, forming a critical juncture for traders and investors. A breakout above resistance or breakdown below support levels will determine the next trend. Keep a close watch on volume for confirmation of the next move.
NSE:VIAZLong
by ayusharya_001
Actual Success Rates of Ascending and Descending TrianglesActual Success Rates of Ascending and Descending Triangles Here is an analysis of the actual success rates of ascending and descending triangles in trading, based on the information provided: Success Rates Ascending and descending triangles generally have fairly high success rates as continuation patterns: -The ascending triangle has a success rate of approximately 72.77%. -The descending triangle has a slightly higher success rate of 72.93%. These numbers come from a study that tested over 200,000 price patterns over a 10-year period. Factors Influencing Success Several factors can influence the success rate of these patterns: -The trader's ability to execute the strategy correctly -Market conditions at the time the triangle formed -Market liquidity -Overall market sentiment Important Points to Consider -Triangles are considered reliable continuation patterns, especially in trending markets. -The ascending triangle in an uptrend is statistically more reliable than the descending triangle. -To validate the pattern, the price must touch at least twice each of the upper and lower lines. -An increase in volume during the breakout is an important confirmation sign. Strategies to improve the chances of success -Wait for the triangle to fully form before entering a position1. -Confirm the breakout with a close above/below the resistance/support level. -Use additional technical indicators to confirm the signal. -Pay attention to the volume, which should increase during the breakout. Conclusion Although ascending and descending triangles have relatively high success rates, it is important to use them in conjunction with other technical analysis tools and to take into account the overall market context to maximize the chances of success.
COINBASE:BTCUSDEducation
by Le-Loup-de-Zurich
3
CANFINHOME - The Ascending Triangle PatternCan Fin Homes Ltd has recently exhibited a notable range-bound movement, forming an ascending triangle pattern that highlights its price consolidation phase. The stock oscillated between key price levels, with a significant high of 938 on July 1st and a low of 680 on June 4th, before peaking at 909.80 on July 25th. This range-bound behavior reflects a period of accumulation and steady buying pressure, as the price repeatedly tests the horizontal resistance while respecting the upward-sloping support line. This consolidation phase is crucial as it sets the stage for a potential breakout, indicating that the stock is gearing up for a significant directional move. The pattern suggests that investors are increasingly optimistic, with the price confined within these key levels, paving the way for future volatility and trading opportunities. In this analysis, we will explore three key trading strategies for CANFINHOME based on the recent ascending triangle pattern. First, we will examine the Breakout Strategy, which capitalizes on the price movement once it surpasses key resistance levels. Next, we will discuss the Pullback Strategy, focusing on entering trades during price retracements to the breakout level. Finally, we will consider the Breakdown Strategy, which prepares for a potential bearish reversal if the price falls below critical support levels. Each strategy will be detailed with entry points, stop losses, and targets to help you make informed trading decisions. In this analysis, we will explore three key trading strategies for CANFINHOME based on the recent ascending triangle pattern. First, we will examine the Breakout Strategy, which capitalizes on the price movement once it surpasses key resistance levels. Next, we will discuss the Pullback Strategy, focusing on entering trades during price retracements to the breakout level. Finally, we will consider the Breakdown Strategy, which prepares for a potential bearish reversal if the price falls below critical support levels. Each strategy will be detailed with entry points, stop losses, and targets to help you make informed trading decisions. Breakout Strategy: Entry Point: For an optimal entry, consider buying above 914 as an early signal or above 938 for a regular entry. This indicates a confirmed breakout from the ascending triangle pattern, signaling strong bullish momentum. Stop Loss: Place your stop loss just below the support level of 838. This precautionary measure helps safeguard against potential reversals or false breakouts. Target: Set your price target around 1196. This level is calculated by adding the vertical height of the triangle to the breakout point, reflecting the expected upward movement based on the pattern. Rationale: Entering at 914 or 938 allows you to capitalize on the upward potential following the breakout. With a stop loss at 838, you manage risk effectively. The target of 1196 aligns with the pattern’s projection, maximizing your profit potential. Pullback Strategy: Entry Point: Look for a buying opportunity during a pullback to the breakout level around 914 or the support level of 903.85. This approach leverages a temporary price retracement to secure a more advantageous entry. Stop Loss: Position the stop loss below the support level of 838 to mitigate risk in case the pullback evolves into a deeper correction. Target: Maintain the target at approximately 1196, consistent with the breakout strategy. Rationale: The pullback strategy offers a chance to enter at a better price while confirming the validity of the breakout. The stop loss below 838 provides protection against significant losses, and the target of 1196 remains aligned with the anticipated price movement. Breakdown Strategy: Entry Point: If the price drops below the key support level of 838, consider this a breakdown of the ascending triangle pattern. This shift indicates a bearish reversal and a potential shift in market sentiment. Stop Loss: Set the stop loss above the support level of 838 to prevent substantial losses if the breakdown proves to be a false signal. Target: For a breakdown scenario, the target will need to be adjusted based on new technical analysis of lower support levels. Immediate downside targets should be reevaluated as the situation unfolds. Rationale: The breakdown strategy addresses the possibility of a bearish reversal when the support level is breached. The stop loss above 838 helps limit potential losses, while the target will depend on further analysis of the emerging support levels. Conclusion : The ascending triangle pattern for Can Fin Homes Ltd indicates a bullish outlook with a potential price target of 1196 if the breakout is confirmed. The breakout strategy aims to capture the upward trend, while the pullback strategy provides an opportunity to enter during a retracement. Conversely, the breakdown strategy prepares for a potential bearish scenario if the support level is breached. Each strategy includes specific entry points, stop losses, and targets, offering a comprehensive approach to trading based on the pattern’s analysis. Disclaimer : The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Trading and investing in the stock market involve risk, and you should consult with a qualified financial advisor before making any investment decisions. The author and the publisher are not responsible for any losses or damages that may occur as a result of using the information provided in this article. Past performance is not indicative of future results. Always conduct your own research and due diligence before making any investment decisions. *** Hint*** Use a buffer at entry to avoid false breakout
NSE:CANFINHOMELong
by ruelfernandes
Potential Bullish Breakout in SAPPHIRE | Long 1550-1600Key Points: Pattern Observed : Cup and Handle Formation with Ascending Triangle Failed Retest : Cup & Handle Retest Failed, indicating strong resistance Support Level : Ascending Triangle suggests strong support around 1550-1600 Entry Zone : My entry price is between 1550 to 1600 INR Target Price : Projected target price is 1866.80 INR Volume Analysis : Increasing volume confirming bullish momentum Indicators : RSI currently at 44.98, indicating potential for upward movement Follow us to get notified about potential breakout stocks. Disclaimer: Not SEBI Certified : This analysis is for educational purposes only DYOR : Do Your Own Research before making any investment decisions Disclaimer : Trading involves risks, and past performance is not indicative of future results
NSE:SAPPHIRELong
by Pattern_Ninja
CAPLIPOINT LONG 1530-1545, CUP AND HANDLEBullish Indicators: Ascending triangle pattern. Trading above key moving averages (20-day, 50-day, and 200-day). Potential cup and handle formation. RSI is bullish but not overbought. Volume spikes on upward movements. target 1: 1596 target 2: 1800+ Note: I am not SEBI registered or TA expert. just learning the TA and sharing my views and you should consider doing research on your own before making any investment decisions. Finished Trades (1/1) JUBLINGREA - Target hit in 4 sessions (check out it in ideas section)
NSE:CAPLIPOINTLong
by Pattern_Ninja