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Descending Triangle

Where does the FMCG sector stands technically?I just posted a chart on HUL making a descending triangle pattern and will try to link that idea to the sector chart. . As we can see the CNXFMCG tried to breakout of the previous resistance and failed to do so. With tata consumer rallying recently , HUL could follow the suit and FMCG sector could push out to make new highs in coming days. IF it fails to sustain like the earlier 2 opportunities it would take another week or so to retry to breakout.
NSE:CNXFMCGLong
by VigneshIyer
HDFC Bank, Swing/positional (Read description for the details)HDFC Bank has given a beautiful breakout from the descending triangle, then retested and again risen. Today it has resisted 1511 level. If price falls we have support of 50 EMA just below. A support from the 50 EMA can be traded for the first target of 1511. If HDFC Bank rises from current level and closes above 1511 to give a breakout from 1511, it can be traded for targets of 1562, 1600 and 1640. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
NSE:HDFCBANKLong
by dakshjain76
2
BHARTIARTL - Buy on Support - Sell on Resistance 🔰 MY thought process : ⭐The easiest way to trade stock is to identify a good pattern at its good support lvls and resistance lvls ⭐Good breakout at supports of a descending triangle, consolidating for a while now gave a good impulsive move. ⭐Risk: SL - 515 ⭐ Targets are marked ⭐ Type: Swing and investment type :) 🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :) Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted on my page :) 🔰 {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:BHARTIARTLLong
by Averoy_Apoorv_Analysis
3
JSW Steel, SwingJSW Steel is forming a descending triangle. A break from the trendline can be traded for a target of 730 which is a high resistance region with a stop loss of 670. 673 level has support of 200 EMA, that's why SL can be taken at 670. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
NSE:JSWSTEELLong
by dakshjain76
2
ITC - Perfect Descending Triangle | Target - 225,240🔰 MY thought process : ⭐Multiple supports at the triangles lower side and 3 times good reversal from the upper trendline ⭐Volume profile is showing its trading at the most crucial and most tradable supply demand zone, a breakout from the trendline might initiate a good upmove :) ⭐Risk : 206 can be taken as a good SL where we can take 225 as 1st target and 240 as 2nd . :) 🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :) Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :) 🔰 {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:ITCLong
by Averoy_Apoorv_Analysis
7
⭐ JSWSTEEL | Monday possible setup🔰 MY thought process : ⭐ Making an amazing descending triangle pattern after a really big move, a break of this trendline on 30mins/15mins = a possible good trade ⭐Plan: we want a break of 706 LVL with power and volume = a breakout of the setup = our trade gets activated :) ⭐Plan: Then we wait and do nothing :) that's the best way to earn money tbh :), people who start thinking what will happen exits the trade on a red candle which makes their trading career worse so just have faith in your RR management and keep an SL below that candle that's our small risk and targets are - 1)730 and if u wanna hold it than 760 are good ones :) 🔰Am I taking this trade: I might if I find it as planned :) 🔰 {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:JSWSTEELLong
by Averoy_Apoorv_Analysis
13
TRIANGULAR BREAKOUT + SUPPORT & RESISTANCE OPPORTUNITY IN BIOCONThe stock has formed a descending triangular pattern which is about to witness a breakout. The stock has major support at 368 level, and it has been testing its resistance at 422 levels consecutively. Once the triangular breakout happens, the stock will move towards testing the resistance at 420-425. If the resistance is broken with good volumes, the stock can move towards 450, 475, 520 levels soon. //important levels are shown in the graph. Buy at - 390 SL - 368 Targets - 420, 455, 475, 550.
NSE:BIOCON
by angel_augustin