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Ascending Triangle

Series of Bullish Patterns in CRAFTSMANCRAFTSMAN stock chart has formed a series of bullish patterns. Let's break it down: 📈 Inverse Head and Shoulders Pattern 📈 ➤ The inverse head and shoulders pattern formed from January 2023 to May 2023 at all-time high levels. ➤ Inverse Head and Shoulders is generally considered a bullish signal. 📈 Breakout and Retest 📈 ➤ On May 31st, 2023, a breakout occurred for the inverse head and shoulders pattern with good volume, indicating a potential upward move. ➤ The next day, on June 1st, a retest of the breakout level occurred at the neckline of the inverse head and shoulders pattern, further strengthening the bullish case. 📈 Ascending Triangle Pattern 📈 ➤ Following the retest, an ascending triangle pattern formed on the lower 15-minute time frame. ➤ An ascending triangle is a bullish continuation pattern, indicating potential upward momentum. 📈 Based on these patterns, the overall technical outlook appears positive. The inverse head and shoulders pattern followed by a breakout, retest, and subsequent formation of an ascending triangle suggests potential upward momentum in the stock's price. Consider planning a buy entry upon the breakout of the ascending pattern if you missed the entry at the retest of the neckline. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. I am not a SEBI registered analyst. Always conduct your own research and consult a qualified professional before making any investment decisions. 💬 Feel free to share your observations and insights in the comments section. Your comments and feedback are greatly appreciated. Don't forget to like this analysis if you found it helpful! 🤝 Thank you for your continuous support, likes, follows, and comments. Your engagement keeps me motivated to consistently provide valuable content. Follow me on TradingView for more articles and trade setups: in.tradingview.com 🚀🔥 Trading is a journey. Stay motivated and keep learning! 🔥🚀 Technical Terms Explained : Inverse Head and Shoulders Pattern : A bullish reversal pattern characterized by three successive troughs, with the middle trough (the head) being lower than the other two (the shoulders). It indicates a potential trend reversal from bearish to bullish. Breakout : When the price of an asset moves above a significant level of resistance, signaling a potential upward move. Retest : After a breakout, when the price retraces back to the breakout level, acting as a test to validate the breakout's strength. Ascending Triangle Pattern : A bullish continuation pattern characterized by a series of higher lows and a horizontal resistance line. It suggests potential upward momentum.
NSE:CRAFTSMANLong
by AfnanTAjuddin
ENDURANCEENDURANCE:- Ascending triangle pattern is formed, breakout is found, movement to the upside can be seen, till then keep your eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:ENDURANCELong
by AjayDhakad_Keep_it_simple
AMBUJACEM Analysis(Ascending Triangle)!NSE:AMBUJACEM Analysis! Ascending Triangle Pattern in AMBUJACEM on Daily Timeframe! AMBUJACEM Retesting it's support level! Ambuja Cements has made Ascending Triangle Pattern on Daily Timeframe. It has given a decent breakout with average high volume. After it retested it's support level. It has made a s pinning bottom candle on it's support level. We are expecting a bullish move in Ambuja Cements. RSI is in sync with price, it is also trending upwards for an additional confirmation we have taken RSI Analysis. Rest of all analysis you can find on chart. Thank You! Entry = Entry would be at current levels Stop Loss =Stop Loss below 395.75 which is it's recent swing level. If it breaks the price may fall down. Target = 548.60 but 485.25 is a probable resistance level kindly observe price behaviour at this level. If strong bearish candle formed(Bwarish Engulfing, Bearish Marubozu etc.) at this level we will exit. Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:AMBUJACEMLong
by Avinash9087
CGPOWERCGPOWER:- If it sustains after giving a breakout, then a good movement to the upside can be seen, till then keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:CGPOWERLong
by AjayDhakad_Keep_it_simple
GE T&D India LimitedGE T&D India Limited:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
GLong
by AjayDhakad_Keep_it_simple
10
AMBUJACEMAMBUJACEM:- Ascending triangle pattern forming, if breakout occurs, upside rally may be seen, keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:AMBUJACEMLong
by AjayDhakad_Keep_it_simple
IGLIGL:- Ascending triangle pattern has formed, wait for a proper breakout, till then keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:IGLLong
by AjayDhakad_Keep_it_simple
DIVGIITTSDIVGIITTS:- Ascending triangle pattern has been formed, breakout has been given, if it sustains above 641.75 then we can see upside movement, till then keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:DIVGIITTSLong
by AjayDhakad_Keep_it_simple
GRAPHITEGRAPHITE:- Ascending triangle pattern formed, breakout given, keep your eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:GRAPHITELong
by AjayDhakad_Keep_it_simple
1
MANAPPURAMMANAPPURAM:- Ascending triangle pattern is formed, breakout is found and if it comes out above 132 then you can plan something, till then keep your eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:MANAPPURAMLong
by AjayDhakad_Keep_it_simple
GODREJAGROGODREJAGRO:- Ascending triangle pattern is formed, breakout is found, movement to the upside can be seen, till then keep your eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:GODREJAGROLong
by AjayDhakad_Keep_it_simple
BAJAJ-AUTOBAJAJ-AUTO:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BAJAJ_AUTOLong
by AjayDhakad_Keep_it_simple
ZYDUSLIFEZYDUSLIFE:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:ZYDUSLIFELong
by AjayDhakad_Keep_it_simple
2