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.
Ascending Triangle
SRTRANSFIN NEAR BREAKOUT LEVEL.SRTRANSFIN is steadily making higher lows but is failing to close above around 1525 odd levels. The uptrend is intact and upward momentum is possible if it closes above the zone with good volumes. Keep an eye on this stock, may give a short term trade in the near term.
📚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.
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Also, subscribe to our page for more educational posts & signals.🔔
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...
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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..
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DIXON FOR LONGDATE: 17/06/2021.
DIXON FORMS A VERY GOOD ASCENDING TRIANGULAR PATTERN.
AND TODAY IT ALSO FORMS A CLEAR BULLISH ENGULFING CANDLESTICK PATTERN.
FUNDAMENTALLY ALSO IT'S A FANTASTICK STOCK FOR LONG TERM INVESTMENT AND NOW IT HAS A GOOD BUYING OPPORTUNITY.
ALWAYS ADD IN DIPS....:)
Engineers India - Long Term IdeaEngineers India looks good in weekly TF
A good candidate for positional trade
Targets - 120,160
Stop Loss - 68
To motivate me, give a like and show your support. Thank you!
Please stay safe! Happy Trading!
Regards,
Segan
FOCUS ITC Ltd triangular pattern :)PROS: 1. stock forms a good good triangular pattern and now it is in near support
2. if it breakout then it will move further up and vice versa.
2.on 18th friday the last candle was a little hammer.
4. BUY SELL TARGET is at your own trading style.
CONS: 1.Stock breaks 50 EMA and also 200 EMA.
2.the last candle was hammer but its not a perfect one its a red bearish hammer.
3. if stock breaks support it will go down more maybe.
for more updates FOLLOW ME :)
SUN PHARMA TRIANGLE PATTERN :)Date: 20/06/2021.
PROS: 1. stock has a very good triangular pattern ,if it's breakout it will move further.
2. on 18th friday it forms a good bullish hammers represents buyers are in control.
3.the hammer forms at near 50 EMA and at support.
4. BUY SELL TARGET is your own trading style
CONS: 1.if its breakdown then it will move down more .
2. wait for the confirmation candle
for more updates FOLLOW ME :)
Dixon - Swing & Intraday | 21st JuneStock took rejection from Fibonacci 38.2% and 78.6% levels (highlighted separately in chart)
Volumes on the rise
Broken resistance TL and made new ATH
Buy above resistance zone (4480 levels)
INTRADAY - 4550, 4600
SWING - 4750, 4900 and 5000
THOMASCOOK | WEEKLY ANALYSIS | Be patient | 70-120% potentialThe stock was in downtrend. Now has changed its structure to HH, HL.
Stock is in congestion zone right now. Strong and decisive break needed above 70
17/6/21
- Parameter check
- Classic HH-HL structure on W
- D- (above all major ema) W - EMA 20-50 crossover
- Closing above 70-72 with VOL (check breakout momentum) will
- Ascending triangle breakout above 72 on W
- RSI in overbought zone at the moment
Multi Year Breakout - Ascending Triangle Pattern (Don't Miss)Clear Trend Reversal on charts. There has been very good volume addition indicating good accumulation at lower and current levels.
Don't Miss to add at current for three digits target.
BHARTI AIRTEL Ltd DATE: 17/06/2021.
MY FAVOURITE BHARTI AIRTEL IS FORMING A TRIANGULAR PATTERN ,FOCUS ON THIS STOCK AND ADD THIS TO YOUR WATCH LIST.
IF ONCE BREAKS I'LL UPDATE YOU,SO FOLLOW ME
TVS Motors In An ascending triangle chart patternAn ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.
For Educational Purpose Only
Ascending triangle in KPITTECHNotes:
Can confirm a breakout above 254 (or a breakdown below 238).
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
BO in IBULHSGFIN.There is an Ascending Triangle Pattern Breakout given by IBULHSGFIN on this Friday on weekly chart. So, I think we can see more upside levels on this counter.
First Targets :- 310
Second Target :- 360
Third Target :- 425
Stop loss as per risk appetite. Support is around 220.00
MY next possible trade - NAUKRI - SwingWaiting for BO @ day close only :)
I JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :)
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {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 :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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TCSMaking Ascending Triangle Pattern.
TCS is strong above 3290.
It need to break that level and sustain above it.
TCS will continue its rally after breaking the resistance zone.
Cipla Volume Expansion might happen in the coming few days and the breakout of ascending triangle also happens and the target would be reached soon in the coming weeks.
This is not investment advice and it is meant for learning purposes only.
TAMO - Out of all the trendline mess area
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {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 :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
