Descending Triangle
Wockpharma Triangle Breakout (Sell Setup)It is been observed that the price action formed a descending triangle and now it has broken and closed below the triangle support levels of 860, indicating further bearishness ahead.
Target: 836
Stoploss: 891
BPCL - STRONG AND POSITIVE (Descending Triangle Breakout)It is been observed that the price action breaks out from a descending triangle on hourly chart, indicated further bullishness ahead. It is also important to note that the price action has broken and closed above the previous resistance levels of 684 which further confirms a further positive and strong move ahead irrespective of markets volatility.
Target: 705
Stoploss: 665
Risk Reward: 1:1
Sunpharma - Breakout Descending Triangle (Big Buy) It is been observed that the price action breaks out from a descending triangle on hourly chart, indicating further bullishness and positiveness ahead. It is been consolidating for a while and this break out shall boost the movement towards the next resistance level at around 780 levels. Consider it a good buying opportunity.
Target: 782
Stoploss:745
Tata Motors - Breaks Out Descending Triangle, Moving Down It is been observed that the price action forms a descending triangle on hourly chart, forming lower highs. Now the price action breaks out from the triangle, indicating weakness ahead.
Target: 532
Stoploss: 552
KARUR VYSYA BANK - Descending Triangle Breakout It is been observed that price action makes a strong support levels at 460 levels where it jumped back price action and formed a descending triangle. Now, it has confirmed a breakout from the triangle indicating further bullishness. It shall move forward to 500 levels as per the measuement of triangle rules.
Target: 500
Stoploss: 475
LT - Descending Triangle Breakout ConfirmedIt is been observed that the price action formed a descending triangle on daily chart and today's price action confirmed the breakout to upside as it reached above the highs of the previous day. It shall now move further up 1500, 1520, 1540 levels.
Target: 1540
Stoploss: 1450
Nifty Breaking Decending Triangle (8200 levels Next)It is been observed that the price action forming a descending triangle on daily chart, and now it finally breaks out . from a strong support levels of 8550, indicating a strong weakness and bearishness ahead. Now it shall go further down and shall reach to 8200 levels.
Target: 8160
Stoploss: 8690
Risk Reward: 1:3
JETAIRWAYS - BREAKOUT DESCENDING TRIANGLE (SELL)It is been observed that the price action broke out of the Descending Triangle on daily chart after a short consolidation highlighted in blue. That breakout made a Lower Lows at 453 levels from previous Lows made at 477, therefore it indicated bearishness. Now, the price action has made a New Lower Low at 448 levels, signaling higher weakness and prices fall ahead.
Target: 400
Stoploss: 505
Risk Reward: 1:1
Idea - Breaking Out Connection from Descending TriangleIt is been observed that the price action is trending down on daily chart. Now, the price action is breaking out from a Descending Triangle, indicating bearishness and selling pressure.
Target: 79
Target 2: 78.50
SL: 80.50
Nifty : Lieutenant's, Airspace & Runway Clear - Lets TakeOff !Howdy Everyone, I'm biased today !!!
From the title itself you will be knowing that Nifty is on Bullish mode, yes true. Yesterday we had Descending triangle pattern & I mentioned that upmove is not gonna happen yesterday. But its time Now, as we have clear Airspace & Runway, Let's signal the Nifty to take off. I'm expecting around 70-100points gap up, big one but its fine even if its 50pts Gap up. probably Nifty will open above triangle trendline {aggressive entry}, if opens with triangle & breaksout we lucky. But whatever tradesetup it forms go in with proper stops. I don't see any setups for Shorting, so no shorts for Me, though there is potential Harmonic pattern, but for that to complete Nifty needs to move up, lets see that later. Let the bears take rest,Bull Stampede Begins or will they prove Me wrong ? Lets see... As promised, posted earlier !
For the Day : Lieutenant's, Airspace & Runway Clear - Lets TakeOff !
IFCI (Industrial Finance Corp. of India) Investment Call !!Industrial Finance Corp. of India (IFCI) on monthly chart forming a descending triangle. Once it breaks out above 30, it shall be considered as great long-term investment opportunity. Publishing it now to provide you an opportunity in advance, hope you gain something out of it. Regards.
Reliance : Who will win ? Support or Descending Triangle ?Its a Game between triple restest of support zone & Descending triangle. Whether this support holds & send price back up or descnding triangle breaksdown, let's wait n enter the trade in Reliance.
Happy Trading !
