Ascending Triangle
Stock Analysis of InfosysPrice - 1163.20 Dt. - 11-12-2020
The stock is taking continuous support of the trendline and moving in an up direction. The resistance line is placed at 1186 at 52 weeks high of the stock. The price is on the verge to break the ascending triangle pattern in 3-4 trading sessions.
Buy call will be activated after it breaks the resistance line.
EXIDEIND Long IdeaEXIDEIND is in clear uptrend making HL and Hitting Resistance level
Above 195 is fresh breakout , view negates below 189 levels
Ascending Triangle, Swing Trade, CDSLRecently the ascending triangle pattern formed by CDSL is broken and the support is retested. Being on a bull run and fundamentally good stock , a continuation of the bull run can be expected. Holding time might be more and you can trail SL according to your risk management.
Godrej Consumer - Ascending triangleGodrej Consumer is in consolidation since long. Ascending triangle pattern is seen in weekly chart. Expected up move once there is breakout. Can buy in the range 700 to 720. Wait for some correction. Can accumulate in dips. Technical target is 1026. Can go long with a trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
BIOCON - 4H TF - Ascending TriangleAscending Triangle forming on 4H Chart of BIOCON. Looks good above 445. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
SBI ascending triangle - breakoutSBI has touched a strong resistance level of 245, we can see consolidation at that level suggesting a buying buildup. SBI has perfect risk reward ratio entry at current levels.
go long between 243 - 247 with SL of 233.5 and target of 270.
IOC | Ascending Triangle & BREAKOUT Swing Trading opportunity ! 30min Chart Alert !!!
--Buy above =92.30
--Target = 95.40 and even more
--Stop-loss = 91.05
--Lot Size = 5700
--R:R = 1.84
--Expected Profit = 16,000 ₹ per lot ( 4.50% )
Technical Reasons to trade :- 🧢
1) ioc has formed ascsending triangle
2) Volume is good at the time of breakout
3) multitime frame is bullish
4) target is based on resistance zone
5) retracement can happen
Guys check out the related ideas as well, it will worked really well !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
Exide IndustriesBuy above 178.50
Target: 192, 208, 232+
SL: 161
Time Frame: 3-5 Months
Risk is yours and Reward is too yours totally.
Biocon - Ascending Triangle PatternAscending Triangle Pattern formation and can be a good positional/intraday trading opportunity above @444
Polycab:- Ascending Triangle Breakout A fundamental pick by a person who I admire, who made me look at various directions, who taught me a lot and who is helping me to be a better trader.
Finally my technical is matching and now I know his insight.
Let's understand now what is happening.
This stock broke resistance of 1000 (a psychological one) along with horizontal resistance which it has also retested it again and again.
On the bottom it is riding a trendline which is pushing it at higher levels again and again.(Marked with triangles.)
And finally the volumes which was being generated before breakout was also huge. so someone must be buying.
I have placed 3 targets on the chart. People can go according to their apatite .
Always remember higher the target we go longer the time it will take. So don't expect a move of 40% in next 2-3-4 days or in a week.
Cheers and Happy Trading.
Disclaimer:- I am not SEBI registered. All the levels plotted are only for educational purposes. Trade with your own risk and caution.
Axis Bank, Ascending triangle pattern breakout, longAxis Bank has given strong Ascending triangle patternbreakout with volume on 15 min chart. One can go long for Intraday
MOTHERSUMINote:
• Avoid the stock if a big gap down is seen
• Enter after breakout happens and not before it
• Do not chase the market, i.e. do not get involved late entries
• Only enter with stritct stop-loss and target
• This is not a recommendation and is for education purpose only
• Always follow risk-reward and quantity management for the 100% of the times
• The above mentioned idea may not work so beware of the risk you are taking
Follow me to Learn and Earn with Me.
Happy Trading!
Infy in Triangle pattern formed.. (Not for Intraday)Infy is Ascending triangle pattern..
Buy and sell position given
SBIN - 1H TF - Trendline ObservationsTrendline Observation(s). Looks like an Ascending Triangle above 251. Positive Bias. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Apex ready to go long!!!Apex made ascending traingle breakout and retested the support line for long. Expect good upside in the coming days
