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Ascendingtrianglebreakout

Praj Industries Ltd - Cup & Handle + Ascending Triangle Breakout📊 Script: PRAJIND (PRAJ INDUSTRIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY500 / NIFTY INFRASTRUCTURE / NIFTY SMALLCAP 📊 Sector: Industrials Capital Goods 📊 Industry: Engineering & Construction products Time-Frame : Daily - Ascending Triangle Breakout Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages also giving crossover . 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Cup & Handle + Ascending Triangle. 📈 Current RSI is around 64. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 443 🟢 Target 🎯🏆 - 500 ⚠️ Stoploss ☠️🚫 - 414 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:PRAJINDLong
by radha_23
ROSSARI : Huge Breakout with Volume!!NSE:ROSSARI has broken out after long consolidation. The breakout is supported by good volume. Stock has taken continuous support from the trendline and has also provided an ascending triangle breakout. Do not chase breakout wait for the stock to retrace to some extent before entering the trade. DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
NSE:ROSSARILong
by TheAspiringTrader
What is Ascending Triangle?What is an Ascending Triangle Pattern? Ascending Triangle Pattern is a continuation pattern that means when it plays out it will continue the preceding trend. It is created by price moves that allow for an upper horizontal line to be drawn along the swing highs, and a lower rising trendline to be drawn along the swing lows. These two lines form an ascending triangle . Traders here usually watch for breakouts from upper resistance in ascending triangle patterns. How does the Ascending Triangle Pattern work? After the prior uptrend when investors try to book profits it creates a resistance that leads to a high supply zone . But due to the prior uptrend investors are still interested in the asset which leads to picking up in demand slowly, resulting in a rising trendline. Time in this phase is also a crucial element. The longer this pattern consolidates, the more chances it has to give a possible breakout to continue the uptrend. Why is the Ascending Triangle Pattern Unique? Ascending triangle patterns usually have a higher breakout success rate than symmetrical triangle patterns. In an ascending triangle , higher lows are constantly being built, which shows there is a strong demand for the asset. Role of Volume: Volume plays a major role in the completion of all major patterns. The horizontal trendline which acts as resistance can give spikes in volume . We will call it a breakout when a candle closes above horizontal resistance level with a great volume spike or rise in average volume . Above Chart Explanation: This is the 4H chart of FTTUSDT with a clear preceding upward trend. After the uptrend, we enter the second phase where the upper horizontal line becomes resistance 4 times in a row and the lower rising trendline becomes support 3 times in a row. As we have observed here FTTUSDT consolidated for nearly 1 month in an ascending triangle pattern, which finally led to a super bullish breakout. Two Possible Entries: Entry 1: On rising support, when the price touches the rising support trendline and if there is rising average volume , it makes a good entry with a stop loss placed below the previous higher low point. Entry 2: On resistance breakout, we should wait for the 4H candle to close above the resistance to confirm the breakout’s validity. Once the breakout is valid, a potential opportunity would be to enter at the close of the 4H candle with a stop loss placed a little below the breakout level. Usually, we should target the height of the triangle after the breakout. Comment down your thoughts on Ascending Triangle Pattern in the comment section. Disclaimer: This is just an educational post. Never trade just any pattern. And please do your research before making any trades. Happy Trading! PS we are posting this again for our Indian Audience.
Education
by Coinlog
14
Big breakout in Hindustan Unilever(HUL)HINDUNILVR was in ascending triangle pattern since April 2020 and today it has given a breakout of the range with very heavy volumes. Very good stock with strong fundamentals and has always been in uptrend. FMCG sector is the best defensive sector that one can buy when market is in correction. One can easily expect 5-10% returns in short term as the closing is above 2600 which is another positive sign for the stock. It might even try to retest the breakout levels of 2540-2550.
NSE:HINDUNILVRLong
by chartistamey
Ascending Triangle with Cup & Handle FormationCsb Bank is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. The Stock broke out of Ascending Triangle Pattern with Cup & Handle Inside and that too with good volume. RSI is at perfect levels. There is a perfect MACD crossover as well. All technical indicator is bullish. The Company is fundamentally strong as well. An annual revenue growth of 31% is outstanding, Pre-tax margin of 13% is healthy, ROE of 10% is good. The Company is continuously posting robust numbers. The last quarter numbers are also excellent with an increase of 28% in sales YoY and 172% in EPS YoY. Mutual Funds and FPI have consistently increased their stake in the counter. Add for Targets of 320-350 with SL at 249. Feel free to share your feedback and queries.
NSE:CSBBANKLong
by mastermukund4
2
Multi Year Breakout - with Ascending Triangle Pattern SBI Life Insurance is involved in the business activities of Life insurance. The Stock is ready to break out a multi year resistance placed around 1020 levels. The Stock is technically placed at 10% above its 50 DMA. The RSI Levels are around 69 which is still not overbought. The Company is fundamentally strong backed by SBI. Further, the company belongs to Life Insurance Sector which has a huge potential in coming years. An annual revenue growth of 28% is outstanding & ROE of 16% is good. The Company is Debt Free. FPI has increased their stake from 26.15% in June, 2020 to 30.51% in March 2021. Watch out for breakout above 1020 levels. For Swing & Positional Traders, add only after close above 1040 for targets of 1200-1300 with SL at 970. Long Term Investors can keep accumulating with SL at 900 for Targets of 1500-1600 Feel Free to share your Feedback and Queries.
NSE:SBILIFE
by mastermukund4
Multi Year Breakout - with Ascending Triangle Pattern Moil Ltd. is involved in the business activities of Mining of non-ferrous metal ores. The Stock broke out a multi year breakout with good volumes and Ascending Triangle Pattern on charts. The Stock is technically trading at 13% above its 50 DMA. RSI is at good levels of 66. The Company is fundamentally strong. The Company is debt free and has potential to post good earnings in its business cycle. LIC increased its stake in the company to 8.13% in last quarter of FY 21. FPI also increased its stake in last quarter of FY 21 form 1.9% in December 2020 to 4.72% in March, 2021. Mutual Funds are also holding 2.76% stake in the Company. Accumulate for a target of 200-220 with SL at 148. Long Term Target 250-280 Feel Free to share your feedback and queries.
NSE:MOILLong
by mastermukund4
4
AKRO-USDT(Ascending Triangle Breakout)Akropolis, an Ethereum based DeFi protocol that offers a suite of products such as AkropolisOS- a framework for developing for-profit DAO, Sparta- a platform for uncollateralized lending, and Delphi- a yield farming aggregator. Since Feb 4, AKRO has been trading in an Ascending Triangle and has given a decent Breakout from the pattern today(31st March). The support to the lower side is present at $0.07 while it is most likely to give the targets of $0.1 .
ALong
by TradeDog-Research
Godrej Consumer - Ascending triangleGodrej Consumer is in consolidation since long. Ascending triangle pattern is seen in weekly chart. Expected up move once there is breakout. Can buy in the range 700 to 720. Wait for some correction. Can accumulate in dips. Technical target is 1026. Can go long with a trailing stop loss. Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
NSE:GODREJCPLong
by Vishakha_Nanavaty
Hindalco Industries-Ascending triangle breakoutHindalco Industries weekly chart shows ascending triangle pattern is ready for breakout. High volume is seen since last 4 weeks. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction. Can buy in dips with a long term target of 363. Weekly chart time frame for charts is usually associated with longer-term forecasting and analysis (Ideal time period for weekly chart is minimum 1 to 2 years) for the targets to get achieved. Can go long with a trailing stop loss. Can buy at cmp(current market price) with a stop loss of 203 or can accumulate in dips for the long term targets mentioned above. For those who do not believe in investing and blocking amount for longer time, for quick move, buy when closing is above 250 so that the amount is not blocked for longer time. Meanwhile you can trade with that amount or can invest that amount in other stocks. Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
NSE:HINDALCOLong
by Vishakha_Nanavaty
1