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
Ascending Triangle
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.
USOIL Ascending Triangle pattern formation in 30 m ins TFUSOIL Ascending Triangle pattern formation in 30 m ins TF. Based on breakout either you can go for Long or Short
Long: Triangle Breakout and RetestPositional Buy:
Entry 540-550
SL 535
Target 590-600
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.
BOSCHLTD - Typical Triangle BreakoutA classical breakout from BOSCHLTD today - a gain of over 7.5% to inch close to 14.500. The stock has been in a well-defined UP trend for sometime post which it consolidated within a typical Ascending Triangle which are known to be decent continuation patterns. The next immediate level to watch for is in the zone of (14,800-15,000). A high probability resistance zone for the stock lies within this 200 points as I notice a synergy of supply from both fibonacci retracements & erstwhile supports. This recent momentum will definitely take the stock test these resistances wherein it’ll be advisable to short term traders to lighten their positions.
SHREECEM ASCENDING TRIANGLETRADE THE BREAKOUT!! SEE THE POWER OF PRICE ACTION IN THE COMING DAYS
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.
SBIN Ascending Triangle BreakoutThe BreakOut is about to happen in next 3-5 (MAX) trading sessions. Ascending Triangle Breakout : BUY: 190-191 TARGET: 201.5 TARGET 2 : 217.5
NIFTY 50 Ascending triangle pattern breakout in 15 mins TFNIFTY 50 Ascending triangle pattern breakout in 15 mins TF
TITAN : Resistance break outThere has been breakout from Resistance for TITAN.
The Resistance zone 1018 and 1030 has been broken by the scrip.
At the breakout, volume is also significant which gives a confirmation of breakout.
The profit taking zone (from 1121) has been mentioned in the chart, Stop loss should be kept at 990 .
*** Above are my ideas *** Please take risk accordingly ***
LONGThe stock is at a value area / trend line, where it has given bounces. Also, it seems to be a formation of ascending triangle.
Can be a good long opportunity + good R:R!
DR REDDYS LABS W LONGNSE:DRREDDY AS it form ascending triangle pattern wait for break out and go for long.
USOil Ascending triangle pattern formation in 15 mins TFUSOil Ascending triangle pattern formation in 15 mins TF. Based on breakout either we can go for Long or Short and First target is given in chart
SBI ascending triangle patternSbi forming an ascending triangle pattern and can give a breakout for long entry. target 240 SL 190
CHOLAFIN - ASCENDING TRIANGLE PATTERNTriangle pattern is formed, it can break out if market sentiment is positive
