triangle formation
is a chart pattern formed by drawing trendlines along the highs and lows of price action. This pattern typically indicates a period of consolidation in the market, with decreasing volatility and narrowing price ranges, as the forces of supply and demand become more balanced.
Ascending triangle: This pattern forms when there is a horizontal...
ZEEL Buy Setup
Attached: Daily Price Chart as of 29th March 2023
- Price has put in a 5 Wave Rise and also done a 0.382 Fib Retracement post that
- On Wednesday on the back of the Zee Indusind Bank News piece, Buyers stepped in
- A 3rd Wave appears to be playing out now on the Upside📈
Current Market Price= 216
Upside Targets🎯:
T1= 227
T2= 239
T3= 248
T4=...
VSSL:- The stock has given a breakout by forming an ascending triangle pattern, 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...
SBCL:- Ascending triangle pattern has been formed, breakout has also been found but breakout candle is very big, if we get the stock between 504 to 510 then only do some planning, ignore the characters, 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...
Short opportunity, price reversed exactly at Fibonacci 50%, looks like we might get one more fall, the target is green line, stop loss as per ur risk management.
Be careful with this pattern, sometimes it gives fake breakout and fall, if we get a breakout and confirmation candle we can look for the long position.
A very good is identified in the lupin to retest the resistance level.checkout in the daily time frame.If it sustain above the trend line with strong bullish candlewe can enter at restesting of trendline always with strict stoploss.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
PRECOT (W):- A falling wedge is formed by two converging trend lines when the stock's prices have been falling for a certain period. Before the line converges the buyers come into the market and as the result, the decline in prices begins to lose its momentum. This results in the breaking of the prices from the upper trend line.
Back again in this counter because I spotted one of my all-time favorite patterns the Inverted Head and Shoulder Pattern just after a retest to the line of least resistance.
Good volumes.
The stock is trading between lines, now again at the top level. if it breaks the channel may be bullish in coming sessions. Please keep it on the radar.
Only for learning and sharing purposes, not a bit of trading advice.
All the best.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
