Ascending Triangle
Apex ready to go long!!!Apex made ascending traingle breakout and retested the support line for long. Expect good upside in the coming days
CDSL long setupNSE:CDSL CDSL looking good for long swing trade, intraday, short-mid term. Try to take the trade with strict RR.
Lower trendline is last point to exit else it may see good upside movement. Let me know if any queries.
Like, share, subscribe for more charts like this. Thanks.
Hindalco Industries-Ascending triangle breakoutHindalco Industries weekly chart shows ascending triangle pattern is ready for breakout. High volume is seen since last 4 weeks. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction. Can buy in dips with a long term target of 363. Weekly chart time frame for charts is usually associated with longer-term forecasting and analysis (Ideal time period for weekly chart is minimum 1 to 2 years) for the targets to get achieved. Can go long with a trailing stop loss. Can buy at cmp(current market price) with a stop loss of 203 or can accumulate in dips for the long term targets mentioned above. For those who do not believe in investing and blocking amount for longer time, for quick move, buy when closing is above 250 so that the amount is not blocked for longer time. Meanwhile you can trade with that amount or can invest that amount in other stocks.
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 :)
Bajaj Consumer Trading Idea
Breakout from ascending triangle. About 7x volumes on breakout. Stock has had good delivery volumes as well.
Enter above 200
T1 : 218.5
T2 : 238
SL : 185
Not a very exciting risk-reward ratio but given the clear breakout with good delivery volumes as well as a moving average golden cross, I believe it is a good trade.
Thanks!
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 :)
KEC International-Ascending triangle patternThe daily chart of KEC International shows ascending triangle pattern. Once the daily closing is above 365, can see upside movement from there. Can buy at cmp with a stop loss of 334 or can accumulate in dips. Technical target is 565. Happy investing :)
Note: I am just a beginner. So kindly invest based on your research and analysis. This chart is just for learning purpose.
Breakout TradeThis stock has given breakout. It can be a good positional/intraday trading opportunity.
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.
EIDPARRY-Ascending Triangle patternThe trend line in EIDPARRY shows up trend. The daily chart shows Ascending triangle pattern. Can buy at cmp or on daily closing above 330 for up move. Can go long with a stop loss of 300. Long term echnical target for EIDPARRY is 540. Happy investing :)
PRAJ Industries can go long after Trend line breakoutNSE:PRAJIND Looks very good setup to go long after successful breakout of trendline... Good for intraday, Swing trade with strict RR... Consider on closing basis..
Note: This is my personal view and please check n take a trade as per your RR.
Like, comment, share and subscribe if you need more setups like this.. Thanks.
HDFC Bank - Ascending triangle, breakout opportunityNSE:HDFCBANK Moving in Ascending Triangle and near to resistance zone. If break upward and sustain then more upside.
Ascending Triangle Breakout and RetestThis is one of my weekly positional trade. Estimated target is @420
HDFC is trying to breakout upsideNSE:HDFCLIFE Watch the price action at breakout level and take a trade. It might reverse from here as well.. Take a trade after it sustains the breakout.. keep it in radar..
Note: This is my personal view and I may go wrong.
BAJAJELECThe stock is taking support at 50ema multiple times.
Today the stock has formed strong bullish candle with good volumes.
CMP: 517
Target: 550
💡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 ❤️
HINDUNILVR - About to breakoutHINDUNILVR is about to break 9 months of Ascending triangle formation.
Once can enter now and the LONG risk reward ratio is 6.43.
T1 - 2147, T2 - 2184, T3 - 2194
SL - 2040.55
LIBERTY SHOES ON DAILY TF.LIBERTY SHOES POSITIONAL TRADE OPPORTUNITY.
ASCENDING TRIANGLE FORMATION.
This is just for educational purposes. It's your choice to trade or not.
If any suggestions please let me know in the comment box.
Havells forming a ascending triangle Havells forming a ascending triangle
buy above the resistance
use your own analysis to confirm the entry
