Ascending Triangle
ZEEL - ASCENDING TRIANGLE - BULLISHPlease wait for the following price action before entering :-
1) Wait till the price takes support at the 100 DMA
2) Followed a strong rejection candle like the bullish umbrella
3) a strong close above the 100 DMA
Please wait till all the above mentioned price action is occured before taking up the trade. And keep a strict stoploss as NIFTY50 is weak.
This is not a recommendation. This is for educational purpose only.
Consider all risks possible with stock market.
Thank you
Have a nice day
Happy Trading!!
Go long on Finolex cables after the breakoutAscending triangle formation in weekly chart.A kind of morning star formation with good volumes.Better to enter after the breakout.
It's in a CONSOLIDATION AREA!FAIR value:-211.26 / TRADE value:-157.25 0 My percetion is to trade in a ASCENDING TRIANGLE AREA ,after breakout do SWING TRADING!
BREAKED a big double bottom & bounce back,It's time to LONG!We can do SWING TRADING here, It also breaked ASCENDING TRIANGLE in 45-minutes
Sun TV looks good for longPrice about to break the triangle pattern, if today closes above the previous resistance strong then tomorrow it might trade super bullish. Lets wait for the break from the pattern.
BANKNIFTY Ascending triangle pattern formation in 30 mins TFBANKNIFTY Ascending triangle pattern formation in 30 mins TF
DrREDDY breakout from ascending triangle.From the recent lows of March 2020..DrREDDY is clearly on a bull run. As the uptrend has taken a halt & we can see that bulls are facing resistance @ 4188. At the same time it is making higher lows. Over all it's making an ascending triangle pattern. So, if it breaks & sustains above 4190 with higher volumes, then it's a BUY for sure. Target being the pole of the flag ....which is coming @ 5500 atleast a 30 % upside. NSE:DRREDDY
Grasim | Long | Short Term ViewGrasim Has broken through the Supply Zone and broken the ascending triangle and now created its new short term demand zone
Look for a pullback .
Recommendation
Entry should be some where between 644 to 654
Stop Loss 608
Target - 729
Key Factor for consideration
High Volume
Strong breakout
Triange pattern breakout
Hugh Candle formation
Ujjivan Financial Services - Breakout - Ascending TriangleUjjivan has broken out from an ascending Triangle pattern.
Initiate Long.
Target 1 : 265
Target 2 : 270
Stop Loss : 235
Sun Pharma Ascending Triangle BO Sun Pharma Ascending Triangle BO will happen above 510.
Stock is trying to break this level 5th time.
Huge call writing at 500 , Shorters will cover
if 510 is sustained which may take stock further to 540
BirlaCorp - Dual Setup BreakoutConsolidation near resistance started.
Rounding Bottoms getting smaller and smaller which reflects selling pressure is slowing down along with swings lows getting smaller which is also forming an ascending triangle.
Dual Confirmation may lead to a better Breakout.
Fingers Crossed Folks. Keeps an eye and fasten your seatbelts for a flyer.
Happy Trading......
SRTRANSFIN
SRTRANSFIN:- BREAKOUT WAITING KEEP EYE ON 770/800₹
BREAKOUT WAITING ASCENDING TRIANGLE PATTERN SEEN 800₹ ABOVE BOOM TARGET SEEN 900₹++
USOIL Ascending triangle pattern formation in 30 mins TFUSOIL Ascending triangle pattern formation in 30 mins TF
Ascending triangle + cup and handle formationEvery time cup and handle has formed- as evident from charts - VA Tech Wabag has given breakout. Plus this is ascending triangle formation.
INDUSINDBK - GOT A TRIANGLE INSIDE A TRIANGLETRIANGLE PATTERNS ARE VERY MUCH RESPECTED BY THE MARKET. SO YOU CAN EXPECT A SHORT TERM BREAKOUT AND ALSO A LONG TERM BREAKOUT AS YOU CAN FIND TWO TRIANGLES FORMING THE CHARTS. WATCH OUT FOR THE MOVE........
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Thank you
Have a Nice day!!
AXIS BANK LONGAxis Bank has formed an ascending triangle pattern with major resistance at 458-460.
We can see rejection at the resistance for two times.
Once the stock breaks above the resistance, wait for the retest at the support levels to take a position
Target - 485-490
Take small but consistent profits to earn gains!
Long CumminsIndNext Block Buster:
Positional Call:
Buy range : 450-460
SL: 420
Targe : 510/550/600/630+
Long M&M As you can see gaining trend line support strongly.
So went long at cmp 611 with a stop of 605 with a target of 620+
RR 1:1
Risky trade but taking it because forming a ascending triangle pattern if breaks out on top can see good rally
View negates once the stop hits
Navneet Education - Facing resistance from 25 weeks EMA- Trend - Downtrend (represented by Red bars above)
- Facing resistance from 25 weeks EMA (or 250 days EMA if seen on daily timeframe chart)
- Promoter buying seen in March 2020 quarter.
- ROCE consistently over 25% in the last 10 years. Current Debt:Equity 0.3x
- Making Ascending Triangle Pattern
- Can the National Education Policy 2020 be a Bull trigger for companies in the education sector?
