close dependent sale previous sale given on Feb 11 @ 3436 for target 3385👀
exit suggestion given today @ 3392🎯
below is the fresh view 👇🪕👇
sale if close below 3395-80 zone
which is 6 months low
Observation :-
*** broke 3 months low 3403
***desendline triangle neckline touch
***TF 15,h,4h,D RSI below 35 - support bearish momentum ( view holds till D closes below 45)
***six month low 3382
dsiclaimer - trade @ own risk
previous view below for reference
Descending Triangle
ABBOTT - Descending TriangleDescending Triangle forming on Daily Chart of ABBOTT INDIA. SELL below 14800 -> 14200, 13850, 13500. Volume activity has increased in latest round of selling. No Buying till 15950-16000 is intact. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Watch Descending Triangle & M Pattern Break-Out in "Reliance"Reliance , forms "Descending Triangle Pattern" on Daily time frame as well as Looking for completing "M" Formation too.
Above I gave all the details with Stop & target & this could be a nice opportunity for those who want Bears on their side.
This Trade could take time to complete 1:2 ratio, but Those who looking for 1:1 can get in this month only.
you can also research it and post it in the comment section.
Tatapower | Descending Triangle Break | Volume surge 🎯⭕ Investment Trading opportunity ! Monthly Chart Alert !!! ⭕
--Buy Above =78.35 or CMP
--Target = 96.60 | 116.80
--Stop-loss = 65.70
--Lot Size = 13,500
--R:R = 3.04
--Expected Profit = 5 lakh + ₹ per lot ( 49% )
--Expected Holding = around 1 year only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) tatapower is the 2nd leading company after powergrid & has given a breakout with volume
2) Descending Triangle Breakout ,50 ema breakout , resistance breakout , Long term trendline breakout
3) fundamental is too good , checked everything correctly
4) Do your research as well & support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
ITC - Descending triangle pattern at monthly time frame - LongITC LTD - Descending triangle pattern formation at monthly time frame - Long
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
H&S Patterns in HDFC Bank & Possible Descending Tri BreakoutHead & Shoulder: Neck Line is acting as strong support in Daily Chart. Short position can be taken if it breaks the neckline. But the chances are low because it forms a bullish candle with high volume.
Descending Triangle: Broken the Resistance and hence Long position can be taken.
Trend Line: Taking support on Trendline.
Target : 1st : 1465/-
2nd : 1485/-
Disclaimer: This is not a recommendation. Do your own research & Analysis before taking any decision.
MARUTI IDEA CONTINUATION - NOW ON 4 HR FROM DAILYWITH CONTINUATION FROM DAILY TO 4 HOUR TIME FRAME -
THERE SEEMS TO BE DESCENDING TRIANGLE FORMATION
CURRENTLY ITS TAKING SUPPORT @ TREND LINE OF FORMATION
A BREAK BELOW - FALL WHICH WILL COINCIDE WITH DAILY FRAME ANALYSIS.
IF NOT CAN GO BACK TO RETEST NECK LINE
ON WATCH-LIST NOW
disclaimer - join your own study to enter a trade
CADILAHC: Inside Bar + Descending Triangle CADILAHC on the daily time frame has created an interesting setup. As per my 3 Rivers System, the stock is in an UP trend and has entered the lower edge of the River. Herein strong supports from (410-415) kicks in which has earlier worked as a strong source of support & resistance. Essentially the stock is at valid supports.
Now add on two more elements - an Inside Bar and a perfect Descending Triangle. Short term momentum has been oversold with drop in volatility. And yes the stock has been bouncing off from its intra-day lows.
When I combine all these elements, it raises a higher possibility of an upside breakout. A close above (425-426) confirms this which should ideally kick in fresh buying impetus. On the flip side a break below 410 definitely negates this possibility.
Trade Well. Trade Wise.
HCLtech | Trendline Support Zone & descending Triangle Pattern1> HCL is respecting support zone & trendline zone as well.
2> Take SHORT entry only after breakdown from both the support area .
3> Target = 730 ( downside )
4> Lot size =1400
5> Avoid false breakdown by entering after retracement
6> Descending Triangle Pattern , IF breakout happens then enter after retracement for upside
Guys check out the related ideas as well
FOLLOW for more !
LIKE if think is useful !
COMMENT Below your view !
I am enjoying it by buying at 74.00.Are you enjoying too?hello guys!
I had bought this at 74.00 accordingly to my analysis.
just sharing my analysis for your help :)
fundamental results are good for this stock.
In shorter timeframe,the stock has formed a descending triangle and had breakout after it.
For confirm uptrend,you can buy at 77.40.
----------------------all the other details are given in the chart---------------------------------------
please like and comment.let me know your agreements.
MAHINDRA & MAHINDRA ON DAILY TIMEFRAMENSE:M_M
WE CAN SEE AN DESCENDING TRIANGLE PATTERN ON DAILY TIMEFRAME.
IT SUGGEST THAT THE STOCK MIGHT MOVE DOWNWARDS.
SO THERE CAN BE AN SHORTING OPPORTUNITY SOON.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE.
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
#Oct16 - VEDANTA (intraday) - Descending TriangleFailed De-listing process already hit the stock hard. Now it doesnt know where to go. A clear trend is decided once the pattern is broken
No levels are provided because the chart clearly indicates a pattern to trade on.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!