Head & 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 :...
USOIL Descending triangle pattern formation at 15 mins TF
Hi Folks, In Daily time frame AbbotIndia is looking good to touch its 52-week high. Beautiful breakout with GapUp. I hope you will benefit from this knowledge -MetaVish
LONG POSITION IN FINOLEX CABLES The price has broken out of the descending triangle pattern with strong volumes. The price is being supported by the sloping up TL. MEASURED TARGET LEVELS OF - 352
NSE:ICICIBANK has formed a descending triangle and also moving around dynamic support of 50 EMA (1H). Likely to give a breakout.
WITH 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
The stock is trading in a descending triangle. Wait for the breakout. CMP: 1319
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...
1> 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...
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...
NSE: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.
Sell below 515 Target: 503, 495 SL: 531 on closing basis
Failed 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.,...
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...
The stock is forming a wedge pattern, indicating a halt. lets wait till a market tells us where is it headed ?? Buy/Sell only when price clearly crossed the level. Beware of false breakouts. Let the candle close outside of the wedge and let the volume be above the average. This helps to minimize the possibility of false breakout This is not a recommendation, Its...
Immediate 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...
Trade on breakout or breakdown buy side entry above 415 sell side entry below 411