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Ascending Triangle

TCS Share Price Trend AnalysisTata Consultancy Services a part of Tata Group. It provides IT Services, Consulting & Business Solution to their Clients. As this is a well known name in the Industry so we will not discuss more about fundamental. In terms of technical analysis, we observed as chart pattern at 1D time frame which we called Ascending triangle. Ascending Triangle is a Bullish pattern & we think that TCS will be bullish in up coming days. So, You can take Target & SL as per trend analysis which we suggest/teach during our Beginner Module Course. Happy Earning! Follow THE DECISIVE because WE HELP YOU TO DECIDE! To learn more on Fundamental & Technical analysis, please do register for our Beginner Module or Contact us. This was just for educational purpose only & not recommending to BUY/SELL of any Script.
NSE:TCSLong
by The_Decisive
How to Do Swing trading in TCS✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ Chart Type: Triangle pattern Breakout and sustained purely above it with a good bullish candle + ACtivation of a swing trade with given SL might be a good setup ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>
NSE:TCSLong
by Averoy_Apoorv_Analysis
2
TCS - Breakout Possible1. After a Breakaway gap with huge volumes last year, the stock made a good upside move. 2. For the past few months, the stock is forming an ASCENDING TRIANGLE PATTERN. 3. There is resistance at 3350, which it is trying to break. 4. There is a breakout on Daily chart with good volume. 5. However, let it sustain the breakout on the weekly chart as well and wait for the weekly close above 3350. Otherwise, you may be trapped in a breakout failure. 6. The stop loss can be at the break of ascending trendline (Purple in colour). 7. The target can be equal to the height of the triangle which is 460 points. This is to be calculated from the resistance level which is 3350. Also, note that the NIFTY IT is also making an upside move which should strengthen the move of individual IT stocks. Target : 3350 + 460 = 3810 (3800 round level) SL : At the break of Trendline Buy: 3350-3400 Time period: This can be a medium term target as the stock moves steadily. Disclaimer: This is purely an analysis for learning and sharing knowledge. This is NOT a buy/sell recommendation. Please do your own research and add value to it. Thank You.
NSE:TCSLong
by sacban89
Indiabulls Real Estate - 2yr H&S / 1yr Ascending TriangleThe stock is attracting massive volumes near the breakout point. Though it has seen selling at least 2-3 times from this zone, but this time the cluster of volumes seem to be telling a different story. A lot more promise, a lot more resolve to break out. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Daily chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
ILong
by raavigeorgian
📚Trading Lesson. Triangle Types & How to Read Them📚 Triangle is a classic price action pattern that is applied by technical analysts to make predictions trading different financial markets. Depending on the shape of the triangle, there are three main variations of this pattern. Its meaning changes dramatically from one to another so it is crucially important for you to know the difference. 👉 The symmetrical triangle is determined by two contracting trend lines. The pattern is considered to be indecisive meaning that while the market is stuck within, the directional bias is unknown. Only the breakout of a boundary of a triangle clarifies the future direction. 👉 In contrast, the ascending triangle (also called a bullish accumulation) is a classic example of a bullish biased pattern. With a horizontal trend line serving as resistance and a rising trend line service as support, the market is accumulating volumes for a bullish breakout. Once the horizontal resistance is broken, bullish continuation follows. 👉 The descending triangle is a bearish biased pattern. Also called a bearish accumulation, the pattern indicates the preparation of the market participants to set a new low after consolidation and contraction within a triangle. Once the horizontal support is broken, bearish continuation follows. 🔔Please, support this educational post with a lovely comment and like. Also, subscribe to our page for more educational posts & signals.🔔
BITFINEX:BTCUSDEducation
by UnitedSignals
3
TIMKEN INDIA Ascending triangle patternNSE:TIMKEN Levels are Mentioned in the chart...- Good for Swing... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
NSE:TIMKENLong
by tradingrhythm1