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Ascending Triangle

CMSINFO | Weekly Chart | Ascending triangle patternChart analysis: Pattern: Ascending triangle pattern is formed when the consolidation takes place. The pattern is formed from more than 6 months candles indicating strong pattern formation and after BO the trend continues. Pullback: Pullback of last rally is between 0.382 and 0.5 which indicates the momentum is still present. Volume: Volume dry up happening, confirming the consolidation phase. Conclusion: Wait for the Ascending triangle BO supported by volume spike. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:CMSINFO
by SanjogY
YATRA : Swing Trade#yatra #swingtrade #breakout #patterntrading #ascendingtrianglepattern #momentum YATRA : Swing Trade >> Momentum stock >> Ascending Triangle Breakout >> Expect some Big Volumes in coming days >> Good Relative Strength in Stock >> Low Risk High Reward Trade Swing Trade can lock profits at 10% and keep trailing Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:YATRALong
by moneyfesttrading
1
REPL | SPEED & STRENGTH - A SOLID COMBO!Points to Note: _______________________________ 1. Inverse Head & Shoulder Base, indicating accumulation with purpose 2. The right Shoulder also has printed an Ascending Triangle, reinforcing the aggressiveness of buyers 3. The Breakout of the Neckline was preceded by a HH, HL movement. Price is also sustaining well above the Neckline 4. The SPEED from the Ascending Triangle breakout will stand firmly on the STRENGTH of the H&S. Considering these points, a buy can be initiated: Entry: CMP -220 SL:186 Target: 274 (Pattern Height of H&S) Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions.
NSE:REPLLong
by Divergent_trader