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
Ascending Triangle
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?
Ascending Triangle Breakout - National AluminiumAscending Triangle Breakout seen in NATIONALUM with high volume.
Buy only if the high of the breakout candle is broken.
RISKY TRADE
Target a 1:0.7 ratio first. Then, if you want, you can keep 25% of your position for 1:1 target.
Buy level: 39.5
Stop Loss: 36.25
First Target: 41.65
Second Target: 42.7
Ascending Triangle Breakout - Berger PaintsAscending Triangle Breakout seen in Berger Paints with high volume.
Buy only if the high of the breakout candle is broken.
Target a 1:1 ratio.
Buy levels: 569-572
Stop Loss: 539
Target: 598
WIPRO - A CHART WITH THOUSANDS OF OPPURTUNITIESThe same pattern happened for 5 consecutive days. The pattern you can find is :-
A Gap Up Opening.
Then an up move to trendline. (refer the chart)
Followed by fall to support @ 276/275.
Also note these points :-
CNXIT or NIFTYIT also has been consolidating in an ascending triangle pattern.
The stock is witnessed a selling pressure at the end of the week
The stock's range is decreasing day by day increasing it's chance for a powerfull breakout
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!!
Positional call -(Ascending Triangle - Breakout Above 1200) SIEMENS is looking very good on charts.
Showing Daily and Hourly breakout.
1100 range is being strong support.
Fibo 50% is also near 1200 once it breaks 1200 and sustains it will give good movement upside
RSI near 60 which shows a good buy sign.
Targets- 1245/ 1287/1300/1350/1400.
1200 and 1100 have good OI buildup.
This is just an educational view. Trade basing on your risk
Nifty - What to expect from here?Look at the chart carefully!! - What do you expect from here?
Their is a formation of a bullish hammer pattern right after it touched the trendline @ 11,111.
Now look how nifty reacted the last time it touched the same trend line. Hope you found how wonderfully it respected the line and never came back. So we can expect another touch on the trend line and a subsequent bull run to 10,500.
Also look out for 10,300 since it will act as a resistance from now on.
So i am bullish on the market, atleast till 10,500. So now tell me, what are your thoughts ?
Long: Wait for breakout of triangleCall is based on Ascending Triangle and Triple Bottom
Positional Call
Buy Above 1200 (Breakout of Ascending Triangle)
Target 1300/1400
SL 1110
Time Duration:
First Target: 1-2 Weeks
Second Target: 2-4 Weeks
Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not responsible for any loss.
