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Ascending Triangle

TVS Motors-Ascending triangle with breakoutTVS Motors daily as well as weekly chart shows ascending triangle pattern. Ascending triangle is about to breakout which will ensure further up move. High volume can also be seen in the chart. So high volume with breakout will show further up move. Can buy at cmp(499) with a stop loss of 465 or can buy when the daily closing is above 520 for further up move. It can also be accumulated in dips. Can go long with a trailing stop loss. Technical target is 748. 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 :)
NSE:TVSMOTORLong
by Vishakha_Nanavaty
4
Kolte Patil Developers Ltd-cup and handle patternKolte Patil Developers shows up trend. The daily chart shows breakout in cup and handle pattern formation. Ascending triangle pattern is also clearly visible which denotes further up move. Target 1 is 226 according to the depth of the cup of cup and handle pattern. Target 2 us 273 which is the target based on ascending triangle. Can go long with a stop loss of 178 and trailing stop loss. Happy investing :) Note: These charts are for educational and learning purpose only. I am just a beginner. Kindly invest based on your research and analysis.
NSE:KOLTEPATILLong
by Vishakha_Nanavaty
5
💡Ascending Triangle in ZECUSD - "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern . If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance. But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows . TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
POLONIEX:ZECUSDEducation
by ForecastCity_ME
4
Trade with no worries on nifty with the help of this Idea :)hello guys :) another idea for making you profit :) many people messaged me privately and some also told in comments that also post a idea on nifty as the idea may help give profit :) check my ideas in profile and load new bars and check they really gave good returns and many people also take trades according to my ideas and they get awesome profit :) may this idea also give you profit :) Ok so let's move to the topic:- As you can check the fib levels they are acting as support/resistance,they really provide a lot for the trade :) Nifty is almost there to the highest resistance.there are also bullish patterns that nifty formed and they are: ascending triangle,Inverted H&S and bullish flag formation. H&S patterns really work on nifty,and the pattern formed now :) nifty can go in a strong uptrend if it breaks the highest fib resistance of 1.618. And you should really beware of that resistance.because it can pull nifty down so it will be a safer buy if you buy when nifty breaks it. Other information of how and when to take the trade is given in the chart. hope you will feel confident and your worries after viewing this idea :) and I would like to wish you a very happy dussehra :) follow me if you want more ideas that will make you lots of money :) please do like and comment on this idea as I will get your thoughts on this :) if you will click on the like button and if the idea will get in editor's picks then many people can make money :) coming with the next idea for making you profit :) till then bye :)
NSE:NIFTYLong
by Aniketyourtechnicalanalyser
7
Nifty: Banking on Banks Nifty continues to yo-yo 🪀 as the index bounced back today thanks to the helping hand from banking stocks. Recently we’ve had a rising channel & ascending triangle breakdown which has pushed the short term trend down. And now we have an encouraging bounce back in our hands and this time the savior is not RELIANCE Industries. Two important and obvious levels to keep in mind are 12,000 and 11,700. A retest of 12,000 on the upside will not only prove the resilience of the bulls, but will also set in positive sentiment within the market. On the flip side, a slip below 11,700 assures selling pressure which will easily drag the index further down towards 11,600 and then 11,400. I personally think that the bulls are NOT going to give it up that easily. Trade Well. Trade Wise.
NSE:NIFTY1!
by Abhijit_Paul