Descending triangle on M&MWe see a descending triangle pattern on daily that's forming. We're very close to a breakout from the triangle. Don't enter until we get confirmation of the breakout.
Descending Triangle
Descending triangle pattern(sell idea)
price is under 50 and 200 ema
breakout candle has above average volume
getting rejection from Triangles base
descending trianglestock is in uptrend
making descending triangle
you can buy now at price of 135-140 ( do not wait for breakout to happen)
SL below 126
target 170
trade at you own risk!!!!!!!!!!
ITC ITC on the verge of breaking years long downtrend/range bound market.
Could see good upside moves.
Keep waiting until it breaks and sustains.
V-MART : Swing OpportunityNSE:VMART is trading in a range after a huge volume breakout. The scrip is now at key support level taking multiple support at the previous resistance (S/R flip). The stock is also forming a descending triangle pattern. The volume is very less on consolidation. One can go long at CMP however this is a little risky bet as there is also one more support level at 3100 levels.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
Indusind Bank: Rallied like anythingPosted my analysis the day before yesterday with levels....target hit on the second day only......wasn't sure whether it will hit the second target so I marked target 1 on the chart. But boom....it went like anything today.
The previous analysis is liked below.
Indusind Bank: Descending TriangleIndusind Bank is forming a Descending Triangle Pattern on the daily chart.
Details are given in the chart itself.
Descending triangle in Axis Bank The descending triangle is formed in the Axis Bank stock. keep an eye on the breakdown with good volumes.
If a breakdown happens with the rising volume you can short with a target of 763 approx.
for more analysis on stocks .
SYNGENE INTERNATIONALstock name : syngene international
call type : equity
reason of buying :
continous taking support on trendline
and forming a descending triangle
(forming a compression)
best place to buy
buy around 600 on support
sl 560 target 750
Thanks
Ishu Prajapati
Levels for - 07 Sep 2021EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . It has formed a Descending triangle pattern , taking exact support on Demand zone . I am seeing both side very good opportunity in BANKNIFTY .
Swing tradeEXPLANATION : This is a Daily time frame chart of M_M . The stock has been exact Demand zone , It has formed a Descending Triangle Pattern , Double Top Pattern on 4 hr time frame , If stock has been break the zone with high volume & Retest Demand zone , ( Support Become Resistance ) Go short . If taking Support at exact zone , I am seeing a very good buying opportunity in M_M . Enter as per your setup and sit tight to achieve the maximum target .
SUNPHARMA DESCENDING TRIANGLE FORMATIONSUNPHARMA has formed a descending triangle and on a important support levels go short only if breaks the support levels and take the targets as marked on chart or as per your analysis. Comment down if you enter the trade and share your views on this.
Escorts good long candidateEscorts spot cmp 1225
Time Frame :- Daily
Study :- Elliot wave
good formation seen in this counter,, on verge to give breakout,, confirmation of price action move is pending,, once breakout confirm,, counter would move on to complete its impulse phase,,
Good bullish candidate
Britannia Industries Descending Triangle Pattern BreakoutBritannia Industries Descending Triangle Pattern Breakout
Post for educational purposes only.
INFOSYS: IntradayInfosys formed a descending triangle on the 15-minute chart with price right now at the demand zone
USD/CAD bearish trend startedYou can easily see in my analysis that bearish pressure started. It creates and Descending triangle and gives an breakout. Respecting trendline too.
TATA MOTORS: Intraday AnalysisTata motors formed a descending triangle on 15 minute chart and is now ready to give a good move on either up or down side.
GKW LIMITED - DESCENDING TRIANGLE PATTERN GKW Limited stock formed Descending Triangle Pattern which is a neutral pattern. So, we can expect the stock may go long or short.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
VINATI ORGANIC - DESCENDING TRIANGLE PATTERN BREAKOUTVinati Organics Stock is about to breakout from Descending Triangle Pattern which can be bullish or bearish pattern . So the stock may go long or short.
Please check the chart for details. Mentioned clearly about the support and resistance points.
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcomed
Breakout & consolidation in descending triangle!Long term bear trend breakout with good volume..
Consolidation in descending triangle..
Entry only on breakout and candle closure on Daily TF..
Resistance lines to be monitored for any reversal.
Targets are as per fib levels..
Chart is only for educational purpose & not a recommendation for buy or sell..
Asian Paints: Intraday Analysis 15minAsian Paints forming a Descending Triangle on the 15-minute chart. The price a squeezed to the maximum forming lower highs and is now on the verge of giving a breakout/breakdown.
Asian Paints: Intraday Analysis 15minAsian paint forming a descending triangle on the 15-minute chart. Will be giving a good move on the next trading session. Be prepared in advance for whichever side it goes.
Hero moto good LONG candidateHero spot cmp 2820
Time frame :- daily
Study :-chart pattern, harmonic
Symmetrical triangle breakout and bullish bat pattern formation with bullish crossover in MACD. breakout on rsi
Good bullish formation
Can give 10 to15% upmove from current levels...
