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Descending Triangle

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.
CLong
by Abhijit_Paul
2
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 !
NSE:HCLTECH
by ReviveTraders
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.
NSE:IOCLong
by Aniketyourtechnicalanalyser
4
#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!!
NSE:VEDL
by FAHEEMSAM
For your education,may help you :) Intro to Triangle patterns:Triangle are the most accurate and the most commonly used chart pattern, which shows 99% chances of stock breakout/breakdown. once price goes out of the triangle,it shows a 99.7% true breakout/breakdown. that's why most of the traders trade on it when the price goes out of the triangle for a confirmation. all triangle patterns and the details of it are mentioned in the chart. I will keep posting educational ideas.so you can follow me for getting notified for the next idea. thanks for watching.press on the like button if you think that this is helpful to you. comment if you want to agree/disagree/praise/ask questions etc. Let me know what you think about this.
NSE:NIFTY
by Aniketyourtechnicalanalyser
9
PEL - Intraday breakout possible - descending triangleImmediate support placed at 1305 can break, giving a possible move downwards. If further move after round level of 1300 is seen, The trade is expected to make the 1300 level resistance in the coming sessions. This is expected to be a short term correction as the stock has broken the descending channel in the higher time frame. Sell below 1305 Targets cannot be specified as there is lot going on the fundamental side of things too. This is not a recommendation, Its for educational purpose only. Trade Safe!!
NSE:PELShort
by FAHEEMSAM
Britaninia : Trade SetupNSE:BRITANNIA Hi Traders, BRITANNIA has broken upward price channel as well as descending triangle pattern and taking support on previous high of upward price channel. If this support is broken by it then it will start downward movement. Stock Analysis * Stock has broken upward price channel. * Stock has broken descending triangle pattern. * Taking support on previous high. Sell Level Below 3684 (based on price action) Target Level TP1= 3520 TP2= 3419 ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:BRITANNIAShort
by vimal.kr.pathak
2