NSE:VMART is trading in a range after a huge volume breakout. The scrip is now at key support level taking multiple support at the previous resistance (S/R flip). The stock is also forming a descending triangle pattern. The volume is very less on consolidation. One can go long at CMP however this is a little risky bet as there is also one more support level at...
Posted my analysis the day before yesterday with levels....target hit on the second day only......wasn't sure whether it will hit the second target so I marked target 1 on the chart. But boom....it went like anything today. The previous analysis is liked below.
Indusind Bank is forming a Descending Triangle Pattern on the daily chart. Details are given in the chart itself.
The descending triangle is formed in the Axis Bank stock. keep an eye on the breakdown with good volumes. If a breakdown happens with the rising volume you can short with a target of 763 approx. for more analysis on stocks .
stock name : syngene international call type : equity reason of buying : continous taking support on trendline and forming a descending triangle (forming a compression) best place to buy buy around 600 on support sl 560 target 750 Thanks Ishu Prajapati
EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . It has formed a Descending triangle pattern , taking exact support on Demand zone . I am seeing both side very good opportunity in BANKNIFTY .
EXPLANATION : This is a Daily time frame chart of M_M . The stock has been exact Demand zone , It has formed a Descending Triangle Pattern , Double Top Pattern on 4 hr time frame , If stock has been break the zone with high volume & Retest Demand zone , ( Support Become Resistance ) Go short . If taking Support at exact zone , I am seeing a very good buying...
SUNPHARMA has formed a descending triangle and on a important support levels go short only if breaks the support levels and take the targets as marked on chart or as per your analysis. Comment down if you enter the trade and share your views on this.
Escorts spot cmp 1225 Time Frame :- Daily Study :- Elliot wave good formation seen in this counter,, on verge to give breakout,, confirmation of price action move is pending,, once breakout confirm,, counter would move on to complete its impulse phase,, Good bullish candidate
Britannia Industries Descending Triangle Pattern Breakout Post for educational purposes only.
Infosys formed a descending triangle on the 15-minute chart with price right now at the demand zone
You can easily see in my analysis that bearish pressure started. It creates and Descending triangle and gives an breakout. Respecting trendline too.
Tata motors formed a descending triangle on 15 minute chart and is now ready to give a good move on either up or down side.
GKW Limited stock formed Descending Triangle Pattern which is a neutral pattern. So, we can expect the stock may go long or short. Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable). I am learning as well. so please analyse the chart by yourselves before taking any decisions. Criticism always welcome
Vinati Organics Stock is about to breakout from Descending Triangle Pattern which can be bullish or bearish pattern . So the stock may go long or short. Please check the chart for details. Mentioned clearly about the support and resistance points. I am learning as well. so please analyse the chart by yourselves before taking any decisions. Criticism always welcomed
Long term bear trend breakout with good volume.. Consolidation in descending triangle.. Entry only on breakout and candle closure on Daily TF.. Resistance lines to be monitored for any reversal. Targets are as per fib levels.. Chart is only for educational purpose & not a recommendation for buy or sell..
Asian Paints forming a Descending Triangle on the 15-minute chart. The price a squeezed to the maximum forming lower highs and is now on the verge of giving a breakout/breakdown.