# I am starting this series..... of shorts, where analysis will be even simpler and potential good trades can be activated :) # Break of this triangle = a good long as per risk # Gap up sustained = good long as per risk # breakdown or gap down = leave the trade # Risk only 1% to 2% of Capital :) # Targets = 2% to 3% after breakout or top of the triangle :)
Wait for activation i.e. Daily candle closing above Rs. 45. (Low risk traders) High risk traders can enter at CMP too. Inverted head and shoulders also spotted, strong bullish signal. Company expected to give a strong quarter as well. Keep in watchlist. NSE:PNB BSE:PNB
It is as beautiful Ascending triangle pattern and it is all set to break.
🔰 Hello my friends, here is the story I see behind this stock: ⭐Here are all the patterns Reliance showed after the covid rally :) ⭐U can see your possible entries too in them :) and also can analyze when u shouldn't have traded it ( coz of no trading zones or bizarre pattern making ) ⭐I would say the risk is too high after today's candle so no entry now in RIL...
🔰 Hello my friends, here is the story I see behind this stock: ⭐It's trading on all-time highs, the best thing is it has broken its Monthly resistance and now trading on it making a bullish ascending pattern = a really bullish sign :) ⭐A break from trendline = SL and but don't go short :) ⭐Pattern: ascending triangle 🔰Am I taking this trade: No---Reason:...
🔰 Hello my friends, here is the story I see behind this stock: ⭐Fibo: Might come on 0.3 or 0.5 seems good to buy here :) ⭐Pattern: Ascending triangle ⭐Volumes: HUGE on the D chart ⭐Possible trade activation on green zones + fibo retracement and hold if broken the ascending triangle neckline ⭐Trade will be activated on 1D if it makes a green bar on those lvls...
🔰 Hello my friends, here is the story I see behind this stock: ⭐(Covids low - near time high )-FIBO made and saw that the stock retraced exactly 50% ⭐The white line u guys see is the fibo retracements, the stock also broke its 2nd last retracement imp lvl ⭐D chart as time frame and trade is positional basis :) ⭐Ascending Triangle consolidation at such good lvls +...
NIfty50 stock BPCL formed Ascending triangle pattern. You can see Rising lower trend line having ascending Higher Lows and a Flat upper trend line acting as resistance line. I have marked A and B point, to calculate the target. Price at A point = 252 Price at B point = 478.65 Formula to calculate the target is Target = (Price difference between A & B) + Price...
My idea about TCS is clearly visible in Chart. You can see a Ascending Triangle Pattern formation. Its mostly known for a Positive direction breakout. We have a lower ascending trendline which is also acting as a support line. You can see Higher lows. Whenever there are higher lows we can say stock is in Up trend. Upper horizontal trend line is resistance line,...
Naukri is forming an ascending triangle Good pick for short term trade Enter around 4330 Stop Loss - 4300 Target - 4500 To encourage my work, give a like and show your support. Thank you! Happy Trading! Regards, Segan
Well I see a good breakout on 1hr SL could be = 3.5% from this point and target 1 = 7% more :) Lets hope for the best :)
IRCTC is taking support at rising trend line multiple times. Ascending triangle is clearly visible. This pattern gives smooth move on upside. Similarly Descending triangle gives smooth move in downside. Currently IRCTC is moving in narrow range ( marked by dotted line ) either side break. If it breaks on downside that will mark a lower high and new Lower low...
NSE:FINCABLES An ascending triangle is forming on FINCABLES It may act as short term bullish reversal as if it breaks the high of the peak, It's unable to break it in the previous 4 attempts and the range is getting narrow, has strong resistance at 430 level for almost a year. Wait for breakout then enter. Always define risk in prior. For educational purpose...
Well if u see the big picture then it's like a good move then a correction = Still bullish and if gives a breakout above the near high = a possible trade according to your risk system :) Also, we can see an amazing head and shoulder move + a downside flag too + bearish too :)
Bharat Heavy Electricals Limited After forming an ascending triangle, BHEL is ready to fly. A breakout will help BHEL take-off. Wait for a 4h candle to break and buy. Educational purpose only - trade at your own risk. Good luck.
All Studies mentioned in the chart💰 Buy @60-63 range Strict sl below 55 Reasons for selecting this stock ✔ ✔ ✔ Something cooking in the chart.Can see Ascending triangle in the chart. ✔ Infrastructure developing company,mainly involved in marine infrastructure development. ✔ One of the main cmpany which is involved in marine infrastructure activities. ✔...