Get started

Diamondpattern

[Short Term]Diamond Top Pattern in COFORGEOn Daily Time Frame, COFORGE consolidated and formed the diamond pattern after the uptrend. In the upcoming few sessions expected breakout/breakdown of this pattern. According to the pattern higher probability, this trade gives breakdown and indicates trend reversal up to 4000 downside target. In case it gives breakout of resistance line then it is possible it will continue its bullish rally towards the further higher targets. So keep watching this stock for perfect short term entry for long/short position.
NSE:COFORGE
by TradZoo
BEARISH DIAMOND PATTERNRULES TO KEEP IN MIND:- A visible uptrend must take place before the diamond top formation. The diamond top formation must be well stated with four trend lines that links to each other. They should not be far apart from one another. Place a sell order at the market after a break and close beneath the uptrend close to the finishing of the pattern. Traders often apply the stop loss at the very recent swing high before the breakout level. Traders often determine the target level depending on the calculated move measured. We will calculate the proximity between the highest high and the lowest low in the structure, and plot that downward from the breakout level. This plotted line would serve as the profit exit mark. The trade will have an additional time stop component. Precisely if 50 candles passes, and the price fails to trigger either the stop loss or target mark, we will have to exit the trade immediately.
NSE:COLPALEducation
by GauravLB
GSFC - 3mth Diamond Pattern Breakout w/vol BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:GSFCLong
by raavigeorgian
Repro India - 2mth Rare Diamond pattern BO w/vol BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:REPROLong
by raavigeorgian
Triveni Turbine - Powerful Diamond Pattern at 3yr BO resistance BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:TRITURBINELong
by raavigeorgian
JM Financial - 3yr Classic Diamond Pattern Breakout RetestBUY GUIDANCE: Never buy before 3PM (I have been burnt over and over). Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:JMFINANCILLong
by raavigeorgian
MOTILALOFS Diamond Bottom Breakout and Retest 1. Diamond bottom pattern formation on a weekly chart indicating a bullish reversal. 2. Pattern formed after a downtrend and took almost 3 years to complete. 3. Breakout from the pattern with high volumes over several weeks. 4. Retested and now starting to move again. 5. Final Target should be equal to the height of Pattern which is 475 points. 6. The target should be calculated from the topmost part of the pattern. Fresh Buy opportunity with very less risk and huge reward. Buy between 800 to 815 Current Price: 810 Strict SL : 775 Wide SL : 755 Immediate target : 897 (900 round figure) Next target according to resistance on chart : 1247 (1250 round figure) Final target according to pattern: 1375 Term: Short, Medium, and Long Term targets given
NSE:MOTILALOFSLong
by sacban89
2