Symmetrical Continuation Triangle patternIt seems that the price of KAMDHENU has recently experienced a bullish breakout from a consolidation period. This breakout suggests that the prior uptrend is likely to continue.
A Symmetrical Continuation Triangle pattern has formed , which is a technical chart pattern characterized by converging trendlines. In this pattern, the price forms lower highs and higher lows, indicating a period of indecision and uncertainty in the market. During this time, the trading volume typically decreases.
However, before the triangle pattern reaches its apex (the point where the trendlines converge), the price breaks out above the upper trendline. This breakout above the upper trendline serves as confirmation that the pattern is a continuation of the prior uptrend.
Please note that this explanation is based on the assumption and is related to technical analysis in financial markets. It's important to consider other factors and conduct thorough analysis before making any investment decisions.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Symetrictriangle
BREAKOUT IN HFCL📌SWING TRADE FOR NEXT WEEK🚀
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I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
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📌TRADE ANALYSIS OF HFCL :-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and
•Volume increases last few weeks high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
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📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
BREKOUT IN HAPPIESTMIND📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF HAPPIESTMIND :-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can DM me Or comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
Hazoor - Bullish Technical chart patternA Symmetrical Continuation Triangle (Bullish) is a technical chart pattern used in technical analysis to predict potential price movements in financial markets, particularly in stocks, currencies, and commodities. The same has been identified in daily-chart of BSE:HAZOOR Hazoor Multi Projects Ltd.
This pattern is characterized by the following key features:
Two Converging Trendlines: The pattern consists of two trendlines that converge toward each other, forming a triangle shape on the chart. One trendline connects the higher highs (resistance line), and the other connects the higher lows (support line). These trendlines represent the battle between buyers and sellers, with neither side dominating.
Lower Highs and Higher Lows: Within the triangle, the price makes lower highs and higher lows. This signifies a period of indecision and consolidation in the stock as the range between the high and low prices narrows.
Diminishing Volume: As the price swings within the triangle, the trading volume tends to decrease. This decline in volume reflects the stock's uncertainty and lack of conviction about the future price direction.
Breakout with Increased Volume: The key event in a bullish symmetrical continuation triangle is the breakout. Typically, well before the triangle reaches its apex (the point where the trendlines converge), the price breaks out above the upper trendline. What makes this breakout significant is the noticeable increase in trading volume. This surge in volume signals a strong shift in stock sentiment and confirms the pattern as a continuation of the prior uptrend.
The bullish symmetrical continuation triangle suggests that after the breakout, the price is likely to resume its previous upward trend, as indicated by the prior uptrend. Traders and investors often use this pattern to make informed decisions. They may enter long positions (buy) when the breakout occurs and volume confirms the pattern, with price targets set based on the height of the triangle.
However, it's important to note that no technical pattern is foolproof, and false breakouts can occur. Therefore, traders typically use other technical indicators and risk management strategies in conjunction with pattern analysis to make more informed trading decisions.
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout 📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock give breakout of symmetrical triangle.
⚠️ Keep an eye on INDIAGLYCO .
⚠️ It is near at its resistance zone which is around 915.
⚠️ Script is going to give symmetrical triangle breakout.
⏱️ BUY ABOVE AROUND 915
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Sumitomo Chemical - Symmetrical Triangle Breakout Soon 📊 Script: SUMICHEM (SUMITOMO CHEMICAL INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Chemicals
📊 Industry: Fertilizers & Agrochemicals
Key highlights: 💡⚡
⚠️ Keep an eye on SUMICHEM .
⚠️ It is near at its resistance zone which is around 500.
⚠️ Script is going to give double breakout which is trendline breakout and Symmetrical Triangle Breakout as mention in chart.
⏱️ BUY ABOVE AROUND 500
⚠️ If its give breakout then one can go for swing trade.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Nykaa would you like to Buy hereNSE: NYKAA
Time Frame :- 1 Day
Patterns Name :- Triangle
Conclusion :-
A ETriangle which is completed now shows if shows up a Bullish signal after the Downtrend which most probably shows up a uptrend .
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
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Apollo Hospital should you buy or notNSE: APOLLOHOSP
If Breaks Then The Targets could be Taken at 4408
Time Frame :- 1 Day
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
BTW Like and Follow if you like this awesome content
Made By MAYANKTECHRESEARCHING