Bataindia | Ascending Triangle Breakout 🎯=====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
--Buy above =1577 or CMP
--Target = 1641
--Stop-loss = 1564
--Lot Size = 550
--R:R = 4.83
--Expected Profit = 34,000 ₹ per lot ( 4.02% )
--Expected Holding =5-15 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) Bataindia has given the breakout of asecending triangle
2) retracement is already done ...perfect time to buy it
3) pin bar & bullish engulfing pattern
4) target is set as per the height of the pattern
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✍COMMENT Below your view !
Ascending Triangle
PVR on the verge of a breakoutAfter giving a breakout from its long term resistance, it has been forming an ascending triangle and is on the verge of giving a short term breakout if it closes above 1500 levels. RSI indicates that the stock is overbought, however the momentum should continue
DAAWAT/L T Foods forming ascending triangle NSE:DAAWAT Can move towards 62/65/70++
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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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.
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 :)
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 !
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✍COMMENT Below your view !
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.
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
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Happy Trading!