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Contractingtriangle

15min TF - Expecting a Triangle Thrust in the Asian Paint.The most common Triangle pattern, Asian paint will encounter when you're studying price charts on the higher time-frame for short selling is the contracting triangle, which is right in front of you. It's a 5 wave move, subdivided or identified as waves ((A))((B))((C))((D)) and ((E)). Any wave of the pattern is subdivided into 3 smaller waves, and also too many times. We will find is that alternating waves within the pattern will have 0.618 relationships. If not, then what you can look for is for wave ((D)) for example, the wave ((D) = .618 of wave ((B)) at 3271. You can clearly identify this as a contracting triangle because of the converging trend-lines which connect the extremes of waves ((A)) to ((C)) and ((B)) to ((D)). This triangle that I'm looking at currently in the Asian Paint ideally the pattern is complete at this juncture where I have identified. Everything hinges do on whether or not wave ((C)) can remain intact. There're two setup can be: 1. Buy 3275 above on closing basis, for target higher targets. 2. Buy at Critical support 3237 nearby, for thrust target. My actual traded in morning 18th Feb 2022(Today) in stock future at 3237 for long and i will protect them with stop below 3237 or 3232 at extreme wave ((A)).
NSE:ASIANPAINT1!Long
by Trade-Technique
6
A Contracting Triangle & Fib. Retracement relationship multiples The Nifty 50 unfold the "Contracting Triangle" which is one of three occur 80% in the price chart. One thing is important to remember is that, the wave "((e))" also sub-divide into smaller triangle. Most common relationship for Fibonacci, the .618 but in this instance we have found the two fib. relationship .618 and .786. Fib. relationship: wave ((b)) at 16827 = .786 of wave ((a)) wave ((d)) at 17041 = .786 of wave ((c)) wave ((c)) at 17767 = .618 of wave ((b)) wave ((e)) at 17635 = .786 of wave ((d)) What will be the evident for downside breakout or throw? 1. The extreme wave ((b)) & ((d)) connecting trend-line in downside. 2. A throw - 17,044 breakdown on closing basis is strongest evident for sell-off. The aggressive trader can take short-side position at or nearby the "Critical Resistance at 17795" which is too far from now. For the fib. relation can perform important role as resistance wave ((e)) at 17635 = .786 of wave ((d)).
NSE:NIFTY
by Trade-Technique
36
Real-Time: Running Triangle - Support (2267 nearby) at wave ((D)Within triangle family, there's actually three types of triangles : 1) Barrier Triangle , 2) Expanding Triangle 3) Contracting Triangles. The most common that you will encounter know roughly, 80% of the time is going to be the contracting variety, and that's what we have here in front of you.This is a contracting triangle because you can see here you see the trend lines which connects the extremes of waves by ((B))-((D)) and ((A))-((C)) actually converge. The five waves move has specific sub-structure, identified as waves ABCD and E. Moreover, each one of those waves each structure within the move actually breaks down into three smaller waves, also identified as waves ABC. For the HINDUNILVR price chart has 3-3-3-3-3 sub-structure in which wave ((C)) has taken long time to complete and little complex as expected. Now, We are going to look support for the wave ((D)). Wave (C) at 2266 = wave (A).
NSE:HINDUNILVRLong
by Trade-Technique
7
Real-Time EICHERMOT with deep study of Triangle variety.What's the difference between a running triangle and, contracting triangle? Trick is very simple. The wave "B" is beyond the origin of wave "A" we have diagram in a chart. Respect to the triangle a few things to remember. 1) they can only form by themselves in wave "4" , wave "B" , wave "X" and rarely wave "2" . That being the case, triangles always proceed the final move within a sequence. 2) The final move of the triangle which is referred to as a triangle thrust that is either typically small or very large. Rarely is there a medium type move. 3) If you're very aggressive and you want to try and capture the final move. Okay, because that would give you maximum profit potential in this. That's not my training trading style because it is aggressive. When you do this, most people have a tendency to want to put a protective stop at the extreme at wave "C" but I do not recommend that, Actually recommend putting the stop at the extreme of wave "A". Now you know, with respect to the wave principle, there's two types of wave form survey modalities, Motive waves and Corrective waves. Now with within the corrective wave family are specifically, we have zigzags, flats and triangles. We're going to be examining Triangles. And within the triangle family there's actually 3 subsets or three types of triangles: 1) Contracting triangle, 2) Barrier triangle and, 3) Expanding triangle Now, any kind or types of Triangle, and its easily to identify because the trend lines. Connect line the extreme of waves "A" and "C" coverage & "B" and "D" coverage with trend-line. There's very minor variation the the Contracting Triangle and Running Triangle. For Running Triangle wave "B" exceed the origin point of wave "A" . Next is Barrier Triangle and its forming rare or less and its easy to identify because of one trend-line which connect actually a Horizontal and another connecting trend-line will slop in the direction of larger trend. Last type of triangle we're going to examine is going to be an Expanding Triangle. In this triangle is actually very very rare. This only this type of a triangle forms only 10% of the time or less than. The most distinguishing characteristic of the expanding triangle is that true lines which connect the extremes of wave A and C & B and D coverage is actually expand. This is EICHERMOTOR weekly price chart, Scenario 1 which is under-construction for Symmetrical Triangle. The contracting for wave (B) of wave B. Here, the probability of wave ((D)) as complex. We've been learning a lot about triangles and it is actually one of three corrective wave patterns , zigzag, flat and triangles family. There is actually 3 different types of triangles we have contracting triangle., barrier triangle and expanding triangle. Now a variation of the contracting triangle that we examine was also referred to as a running triangle. We've learned that triangles me only form by themselves in the wave "4", wave "B" and wave "X" positions in that triangles always follow or proceed. Excuse me to proceed the final move within a sequence. Sometimes the move The thrust following a triangle is very small. Sometimes it's very very big, so this is. Now we're actually gonna do today is actually apply what we've learned about triangles to some relevant or a timely markets. The EICHERMOTOR chart is one right here. Whenever I look at triangle pattern characteristics which is covering trend-line. The wave ((b)) is not beyond the origin of wave ((a)) that why this is not "Running Triangle" but its a "Contracting Triangle". Thrust Measurement Technique : The simply taking the widest portion( horizontal green dash line ) of the triangle and measuring it in this instance upward from the extreme of wave ((d)) which is 3300 +. The wave ((d)) is very strong evidence whenever price cross about it and the wave ((e)) can be little exceed wave ((c)) or it can complete under the wave ((a)) and ((c)) connected trend-line. Personally I recommended protective stop at or below extreme wave ((a)) . Daily price chart for closer look: Trend-lines observation for turning point: Fib. ratio of all sub-waves: Thanks.
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NSE:EICHERMOTEducation
by Trade-Technique
33
EWT: High confidence Trade-setup for ACE Construction.ACE construction is forming a contracting triangle of waves ((4)). To draw parallel lines, I have connected wave ((2)) & wave ((4)) and merged with wave ((3)). Wave ((1)) - Five wave impulse wave ((2)) - Sharp correction - 50% retracement of wave ((1)) Wave ((3)) - Five wave impulse - Power extend Wave ((4)) - Contracting triangle - sideways correction - 38.2% of wave ((3)) Wave ((5)) - Wave ((5)) can be equal to wave ((1)). - It can end near a 1.618% extension of wave ((4)). We can expect the following targets of 273 - 292 - 320+ after the breakout of the B-D trendline. In case if price breaks the A-C trendline to completed wave E, it can fall up to 139 . According to Elliott wave, wave (4) ends near the lower degree of wave 4. Price action Perspectives: In this chart, we can see the crossover of multi-exponential moving averages. And the price is formed a value area for more than two months. If the price breaks out of this value area range, we may see an upward move for our targets.
NSE:ACE
by forextidings
10
Invested 1L in HINDALCO - Will try to get 5-10% 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥 🔥 Strategy : ✣ Channel pattern breakout on 1M chart ✣ Good monthly consolidation and weekly too ✣ Good triangle pattern on 1hr and 1d both ( Took trade on Days close as I saw a resistance zone on 1hr that could potentially turn the stock back to same levels) ✣ Entry - 388 ✣SL - 3% from the entry ( small SL ) ✣ Target levels - 406, 426, and New highs ✣Also, the metal sector is making a symmetrical triangle ( CNX METAL ) on the D chart and is on the supportive line of the triangle pattern ✣ Good luck with the trade think wisely and ten times before taking a trade guys and always do what your system says and what risk and reward say to you :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:HINDALCOLong
by Averoy_Apoorv_Analysis
10
INDUSIND BANK - Potential BO coming up💲💲🌟 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 🌟💲💲 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:INDUSINDBKLong
by Averoy_Apoorv_Analysis
13
🔰 InfoEdge Analysis with Live trade and its review 💲Thanks for 500 Followers guys💲 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis and Real-time trades that I take too :) 💲💲 🔰MY entry: 4820 ( 1 L invested with a risk of 5% ), I believe in my system and follow the process thus risk-reward is based on the edge of my system. So that's invariant still just for the psychological purpose. 🔰I too am a learner and would love to learn with you all :) 🔰Well, this is a transparency series created by me, here I will take the trades and then post them, will also tell how much I invested in it and what are my targets, when I exited, what were my returns, or did the SL got hit. These trades are under the guidance of my mentor and as per my risk-reward ratio, This is no call just being transparent with you all :) ➼Don't blindly take the trade focus on the process first then step into the trade ➼Define your risk first then trade ➼If your setup of trading and mine matches then it's awesome we think the same :) 🔰 {Some info} - updated ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process ➼just from an educational point of view and no calls. ➼Guidance: The Madras Trader <<<<<>>>>>
NSE:NAUKRILong
by Averoy_Apoorv_Analysis
11
BPCL starting Impulse Wave 5DISCLAIMER:There is no guarantee of profits or no exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))------------------------------ BPCL broken contracting Triangle and starting wave 5 last impulse wave. Long between 430-410 SL on close 390 daily chart exit potential target 500-510 (~20%)
NSE:BPCLLong
by Niftydirection
Auropharma Descending TriangleDISCLAIMER:There is no guarantee of profits or no exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))------------------------------- Auropharma Descending Triangle. Currently in Wave D of triangle. Short all bounces towards 800-810 Stop loss 822 target775 If breaks below 773 on 15 min chart after wave E then 730,700
NSE:AUROPHARMAShort
by Niftydirection