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Symmetrical Triangle

Symmetrical Triangle & Parallel Channel CoexistenceThis weekly chart of Tara Chand Infralogistic Solutions Ltd. serves as a case study in identifying and analyzing overlapping price action structures in 3 Main Points - 1) The chart highlights a well-defined symmetrical triangle pattern, with one white line representing the counter-trendline (CT) and another as the primary trendline (T), illustrating the process of volatility contraction. 2) Overlaid within the triangle, a clearly marked parallel channel (in pink) frames the intermediate price swings during the recent consolidation. The channel illustrates rotational movement within the broader consolidation envelope, mapping the climb and retracement cycles more granularly. 3) Volume, Fibonacci retracement levels, and the shaded value area further reinforce the chart’s impartial focus on structure, without implying directionality. This example serves as a valuable reference for recognizing multi-pattern contexts and appreciating how classical patterns—when viewed together—help decode complex phases of price organization. - Disclaimer: Trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research, consider seeking advice from a qualified financial advisor, and trade only with capital you can afford to lose.
NSE:TARACHANDLong
by Averoy_Apoorv_Analysis
ETH Retest Confirmed – Bullish Momentum Intact!CMP: $3,968 Ethereum is holding strong above the symmetrical triangle breakout zone after a textbook breakout + retest . Despite the recent consolidation, the structure remains bullish , and the bigger pattern is still in play. 🔶 Technical Highlights: ✅ Symmetrical Triangle Breakout: ETH successfully broke out and retested the upper trendline (see red circle). This retest confirms the breakout validity. ✅ Consolidation Above Resistance: ETH is consolidating in a tight range above previous resistance , forming a potential bull flag . ✅ Pattern Targets Remain Active: 📍 Symmetrical Triangle Target: ~$7,950 📍 Bull Flag Target (if breakout confirms): ~$7,365+ 📈 Market Structure: 📍 Previous breakouts (Bullish Pennant in 2016, Falling Wedge in 2019) led to strong uptrends . 📍 Current consolidation mirrors historical patterns that preceded major rallies. 🟢 Key Level to Watch: 📍 A monthly close above $4,954.16 (previous ATH) would mark the next major confirmation, likely attracting breakout traders and institutions. 💡 ETH is showing maturity in structure – breakouts, retests, and consolidations are happening on higher timeframes with clear technical precision. The longer this base holds, the stronger the eventual move could be. 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions. #ETH | #Ethereum | #Crypto | #Breakout | #ChartPatterns | #SymmetricalTriangle | #BullFlag | #PriceAction
CRYPTO:ETHUSDLong
by Stocks_Mario
#Nifty | Will Nifty Break Free? Triangle Says Soon!#Nifty Daily Outlook: CMP: 25,285 Pattern: Symmetrical Triangle ▶️ A Symmetrical Triangle pattern is forming on the daily timeframe , following a strong uptrend , a classic bullish continuation setup . 🟣 Breakout Level: A daily close above the falling trendline from the all-time high (ATH) ( marked in purple ) will confirm the breakout. 🎯 Pattern Target: 26,700 🔒 Pattern Invalidation: Close below 24,337 DCB Price action is compressing tightly within the triangle, indicating a potential volatility expansion soon. Breakout confirmation could reignite momentum toward new highs. ✅ Dips into support zones can be used for positioning, with proper risk management. 📌 Support & resistance levels remain the same as shared in the tagged weekly post. #Nifty | #Nifty50 | #SymmetricalTriangle | #ChartPatterns | #SwingTrading | #PriceAction 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
NSE:NIFTYLong
by Stocks_Mario
GMBREW: Broke Out Post Q2 FY26 with 10x Vol, Chart of the WeekA Small-Cap Brewery Stock NSE:GMBREW Broke Out With 10x Volume and Posted 61% Profit Growth in Q2 FY26. Let's Analyse in the "Chart of the Week" As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions. Price Action Analysis: Trend Structure: - The stock has been trading in a well-defined ascending triangle pattern from March 2023 to September 2025 - Lower trendline support starts around 500 levels and has been holding consistently - Upper resistance formed a symmetrical descending trendline from the August 2024 peak near 1,049 - The consolidation phase between 650-750 lasted approximately 12-14 months, indicating strong accumulation Recent Breakout Dynamics: - On October 9, 2025, the stock witnessed a powerful breakout above the descending resistance trendline - The breakout candle closed at 894.45, representing a gain of 22% in a Week - Price crossed above the Volume Weighted Average Price (VWAP) with conviction - The breakout occurred exactly at the apex of the symmetrical triangle, a textbook technical setup Base Formation: - A solid base was formed between 650-750 levels from June 2024 to September 2025 - This 15-month consolidation created a strong platform for the next leg up - The base shows higher lows, indicating persistent buying interest - Multiple tests of the 700 level without breaking down confirmed strong institutional support Volume Spread Analysis: Volume Surge Characteristics: - The breakout day witnessed volume of 11.88 million shares, representing approximately 10x the average Weekly volume - Prior peak volume was recorded in July 2024 at around 11 million shares during a similar rally - The volume spike confirms genuine institutional participation rather than retail speculation - Volume during the consolidation phase remained subdued, typical of healthy base-building Volume-Price Correlation: - The recent volume expansion coincided with the Q2 FY25 earnings announcement - Volume preceded the price breakout, suggesting informed accumulation - Absence of distribution volume during the decline from 1,049 to 650 indicates strong hands holding positions Support and Resistance Levels: Key Support Zones: - Immediate support: 850-860 (breakout point and previous resistance turned support) - Secondary support: 780-800 (VWAP zone) - Major support: 700-720 (top of the consolidation base) - Critical support: 650 (lower boundary of the triangle pattern) Key Resistance Levels: - Immediate resistance: 900-920 (psychological level and minor supply zone) - Major resistance: 1,000-1,049 (previous 52-week high from August 2024) - Extended resistance: 1,150-1,200 (measured move from triangle breakout) - Long-term resistance: 1,300-1,350 (Fibonacci extension based on prior rally) Technical Pattern Recognition: Symmetrical Triangle Breakout: - The pattern took 18 months to form, indicating a significant accumulation phase - Pattern reliability is high, given the strong volume confirmation - The apex breakout timing increases the probability of follow-through momentum Volume Price Analysis (VPA): - The breakout exhibits classic VPA characteristics: rising prices on expanding volume - No signs of climactic selling during the base formation - Professional money accumulation is evident from the volume footprint - Current setup suggests continuation rather than exhaustion Sectoral Backdrop and Industry Analysis: Indian Alcohol Sector Overview: - The Indian alcohol market is estimated at USD 60.11 billion in 2025 and expected to reach USD 101.10 billion by 2032, exhibiting a CAGR of 7.7% - India's growing middle class is becoming more affluent, driving increased alcohol consumption as disposable incomes rise - India's total alcoholic beverage sector is the world's third largest, with yearly sales of $44 billion - In India, beverage alcohol volumes rose 4% in the first half of 2024, driven by strong demand for premium-plus spirits Growth Drivers: - Premiumization trend as consumers upgrade to higher-quality spirits and beer - Expanding retail distribution channels, including modern trade and e-commerce - Rising disposable incomes and urbanization are creating a larger addressable market - Changing social attitudes toward moderate alcohol consumption, especially among younger demographics - Tourism and hospitality sector recovery post-pandemic, boosting on-premise consumption Sector Risks and Challenges: - Heavy regulatory environment with varying state-level policies on alcohol sales - High taxation is impacting margins and affordability - Licensing complexities and distribution restrictions in certain states - Raw material price volatility affecting input costs - Social stigma and health concerns are potentially limiting market expansion Fundamental Analysis: Recent Financial Performance: - In Q2 FY26, net profit rose 61% year-on-year, with revenue growing 20% to ₹718 crore, while EBITDA margin expanded to 6.25% from 4.62% - For H1 FY26, total revenue reached ₹1,356 crore, marking 13% growth, with net profit rising 30% to ₹61 crore - Margins saw healthy growth at 24.9% compared to 18.9% last year - The strong Q2 results were the primary catalyst for the recent breakout Company Fundamentals: - Market capitalization stands at approximately 2,042 crore with annual revenue of 679 crore and profit of 143 crore - Promoter holding is strong at 74.4%, indicating management confidence - The company has delivered moderate sales growth of 6.32% over the past five years - GM Breweries operates with no debt and demonstrates good profit growth Valuation Metrics: - As of October 9, 2025, GM Breweries is trading at a discount of 16% based on median intrinsic value estimates - The stock trades in the small-cap segment with relatively lower liquidity compared to large-cap peers - Recent earnings surprise has likely re-rated the stock, but valuation remains reasonable relative to growth - P/E multiple expansion likely as margins improve and profitability accelerates Competitive Positioning: - Compared to industry leaders, GM Breweries lacks strong brand value and has limited market coverage - The company operates primarily in select states, providing regional focus but limiting nationwide presence - Opportunity exists to expand distribution footprint and invest in brand building - Focus on operational efficiency and margin expansion differentiates from competitors Bull Case Arguments: - Strong earnings momentum with 61% profit growth, indicating operational leverage - Technical breakout from 18-month base supported by exceptional volume confirms institutional interest - Favourable industry tailwinds with 7.7% sector CAGR supporting long-term growth - Debt-free balance sheet provides financial flexibility for expansion - High promoter holding at 74.4% aligns management interests with shareholders - Current valuation at 16% discount to intrinsic value offers a margin of safety Bear Case Considerations: - Limited brand recognition compared to established industry players - Restricted geographic presence limits growth potential - Heavy regulatory oversight and taxation pose ongoing challenges - Small-cap liquidity concerns may lead to higher volatility - Dependence on discretionary consumer spending makes business cyclical - Historical revenue growth of 6.32% over five years is modest Monitoring and Review Parameters: Key Metrics to Track: - Quarterly revenue and profit growth rates versus expectations - Margin expansion, sustainability and operating leverage - Volume growth in key markets and product categories - Market share gains or losses relative to competitors - Any changes in promoter holding or institutional ownership patterns Technical Review Points: - Weekly closing price relative to the breakout level of 850 - Volume sustainability above 3-4 million shares daily average - Formation of higher highs and higher lows to confirm an uptrend - Any breakdown below 780 would invalidate the bullish thesis - RSI and momentum indicators for early signs of exhaustion Risk Triggers: - Fundamental: Any quarterly earnings miss or margin compression - Technical: Weekly close below 780 or breach of major support zones - Sectoral: Adverse regulatory changes or significant tax increases - Market: Broader market correction below key support levels affecting risk appetite - Time-based: If the stock underperforms the sector or broader market for two consecutive quarters Full Coverage on my Newsletter this Week Keep in the Watchlist and DOYR. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:GMBREWLong
by Karanshah137
6
Symmetrical Triangle Breakout Watch | Sequent Scientific-Red line marks a key counter trendline (resistance) from previous swing highs, acting as a short-term ceiling. -Green line indicates the primary trendline (support) from recent swing lows, showing steady price strength. -Hidden dashed lines reveal underlying resistance zones, adding complexity to potential breakout levels. -The overall chart displays a large symmetrical triangle pattern—a classic consolidation setup, Simple . - Disclaimer: Trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research, consider seeking advice from a qualified financial advisor, and trade only with capital you can afford to lose.
NSE:SEQUENTLong
by Averoy_Apoorv_Analysis
Triangle Breakout Alert: Aluminium Bulls Waking Up?CMP: $2743 Aluminium is breaking out of a symmetrical triangle on weekly timeframe after months of consolidation. 📍 Breakout Zone: $2736 – $2799 📉 Support Levels: $2633 / $2543 – $2481 📈 Resistance Zones: $3170 – $3229, then $3388 🎯 Symmetrical Triangle Pattern Target: ~$3378 (+23% from CMP), which aligns closely with the major resistance zone between $3229 – $3388 . A weekly close above $2736 – $2799 could support further upside momentum. If price pulls back within the triangle , dips toward the support zone around $2633 - $2481 may be worth watching for possible reactions. 👀 Watch for price action in the coming weeks, could confirm or invalidate the breakout. #Commodities | #Aluminium | #BaseMetals | #Breakout | #ChartPattern | #SymmetricalTriangle | #TechnicalAnalysis | #PriceAction 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
TRADENATION:ALUMINIUMLong
by Stocks_Mario
Sagility cmp 43.47 by Daily Chart view since listedSagility cmp 43.47 by Daily Chart view since listed - Support Zone 40.75 to 42.75 Price Band - Resistance Zone 45.50 to 47.50 Price Band - Price traversing inside Symmetrical Triangle pattern - Support Zone repeatedly tested rested since month of July 2025 - Price trending in Darvas Box range 41.50 to 47.50 and awaiting Breakout - Price rejection seen by frequent selling pressure at Resistance Zone upper band - Fresh Breakout possible basis supportive Volumes based closure above 47.50 price level for few days
BSE:SAGILITY
by PIYUSHCHAVDA
BEL (Bharat Electronics Ltd) – Technical SetupPattern: Symmetrical Triangle breakout visible on the daily chart. Breakout Confirmation: Price has moved above the triangle resistance trendline with rising volume. Targets (Fibonacci-based): 1st Target: ₹435 2nd Target: ₹480 3rd Target: ₹512 Stoploss: ATR-based, below support zone (~₹395–₹400). --- 🔎 Multi-Timeframe Check Daily: Strong breakout setup with RSI > 60, MACD crossover supportive. Hourly: Needs sustained close above breakout for confirmation. Weekly: Still consolidating → needs alignment for a stronger positional view. --- 🌍 Macro Drivers Sector Theme: Defense + Infrastructure remain in focus. Policy Tailwind: “Make in India” defense push supportive for long-term growth. Global Context: Rising defense spending globally adds sentiment support. --- 📝 Reflection / Post Context "BEL is showing a symmetrical triangle breakout on the daily chart, backed by volume and positive momentum. While hourly/weekly charts are yet to fully align, the macro backdrop of defense and infrastructure support the bullish bias. ATR-based stoploss below ₹400, with upside targets at ₹435, ₹480, and ₹512."
NSE:BELLong
by Punit190
5000 Days vs 500 Days of Data : Which is better ?Most traders jump straight into attractive chart patterns and impulsively take trades, ignoring the bigger picture. Here’s a powerful case study Left Side: Full Monthly Chart with Hidden Resistance On the left, the chart captures over a decade of price action, immediately drawing attention to a long-standing downward-sloping resistance stretching from all-time highs. This hidden resistance line is not visible on the usual zoomed-in view, yet it presents a formidable barrier that traders often neglect. (Pro Insight: Always extend trendlines and resistance zones till the inception of the instrument for real swing perspective) (Risk Reminder: What looks like a clear breakout on a recent timeframe may actually be approaching a multi-year resistance trap) Right Side: Symmetrical Triangle – The Pattern Focus The right segment restricts focus to the last few years, zooming in on a visually perfect symmetrical triangle. While the setup looks neat and promising—indicating contraction and likely expansion ahead—this trimmed view risks obscuring the bigger, hidden resistance directly overhead. Disclaimer: This post reflects technical views for educational purposes only, not investment advice. Always perform your own due diligence before trading.
NSE:HINDCOPPERLong
by Averoy_Apoorv_Analysis
BANCOINDIA: BO after Consolidation, Chart of the WeekBanco Products Broke Out From a Consolidation, Continuing Its Massive Bull Run. Let's analyse in "Chart of the Week" As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions. Price Action Analysis: - Banco Products has completed a consolidation phase - The stock has demonstrated exceptional momentum with a breakout above the ₹400 levels in April 2024 - Current trading price of ₹835.60 represents a gain of over 100% from the breakout point - Price action shows strong institutional accumulation with increasing volumes during upward moves Volume Spread Analysis - Volume spikes are clearly visible during key breakout moments, particularly in Q2 2024 - The highest volume bars (green) coincide with price advances, indicating genuine buying interest - Recent volume of 36.75M shares traded shows sustained institutional participation - Volume patterns suggest smart money accumulation rather than retail speculation Key Technical Levels: Base Formation: - Multi-year base formed between ₹100-400 levels from 2022 to early 2024 - This represents a classic cup and handle pattern on the weekly timeframe - The base provided strong support and allowed for institutional accumulation - Depth of base (approximately 18 months) suggests a strong foundation for future moves Support Levels: - Primary Support: ₹650-680 (previous resistance turned support) - Secondary Support: ₹550-580 (50% retracement of recent rally) - Major Support: ₹400-420 (breakout zone) - Ultimate Support: ₹300 (top of multi-year base) Resistance Levels: - Immediate Resistance: ₹850-870 (current highs) - Next Resistance: ₹950-1000 (psychological round number) - Extended Resistance: ₹1200-1250 (measured move from base) Position Sizing: - Allocate a maximum of 3-5% of the portfolio to a single stock - Use the pyramiding approach: 50% on initial entry, 25% on confirmation, 25% on extension - Risk per trade should not exceed 2% of total capital Risk Management Rules: - Honour stop-losses strictly without emotional interference - Book partial profits at predetermined levels - Reduce position size if the stock shows signs of distribution - Monitor sector rotation and overall market conditions Sectoral and Fundamental Backdrop: Auto Components Sector Overview: - India's auto component industry is driving macroeconomic growth, with the market estimated to grow by USD 259.03 billion from 2025 to 2029 at a CAGR of 37% - The auto components sector achieved 32.8% growth in FY24, with optimism for continued strong performance - Export revenues could soar to $100 billion by 2030 from $21 billion in 2024, at a 30% CAGR Fundamental Strengths of Banco Products: - Market Cap of ₹11,952 crores with revenue of ₹3,379 crores and profit of ₹433 crores - Leading manufacturer and exporter of automotive and industrial gaskets, heat shields, and sealing solutions since 1961 - Promoter holding at 67.88% shows strong management confidence Growth Catalysts: - Expanding electric vehicle segment creating new opportunities - Sector attracted ₹2,45,771 crore FDI between April 2000 and December 2024 - Export potential with global OEM partnerships - Various Indian auto component manufacturers are entering joint ventures with foreign companies for domestic production Risks and Challenges: - Commodity price fluctuations affecting margins - Global economic slowdown impacting export demand - Competition from Chinese manufacturers - Trading at 9.17 times book value indicates a premium valuation Market Outlook: Short-term Outlook (1-3 months): - Expect consolidation in the ₹750-870 range - Watch any dip below ₹700 - Watch for a breakout above ₹870 for the next leg up Medium-term Outlook (3-12 months): - Sustained institutional interest expected - Earnings growth should support price appreciation Long-term Outlook (1-3 years): - Export opportunities provide additional upside - EV transition could create new revenue streams - Sector leadership position makes it a preferred play in the auto components space Full Coverage on my Newsletter this Week Keep in the Watchlist and DOYR. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:BANCOINDIALong
by Karanshah137
3
Breakout - Looks Good On Chart - GRAPHITE📊 Script: GRAPHITE 📊 Industry: Industrial Products (Electrodes & Refractories) Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Crossover in Double Moving Averages. 📈 Right now RSI is around 63. 📈 One can go for Swing Trade. 📈 In Monthly Chart It Script is forming Symmetrical triangle and about to give breakout, we can see good rally in future. ⏱️ C.M.P 📑💰- 555 🟢 Target 🎯🏆 - 578 / 597 ⚠️ Stoploss ☠️🚫 - 539 ⚠️ 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!🥂
NSE:GRAPHITELong
by radha_23
At Support - Weekly Chart - TECHM📊 Script: TECHM 📊 Industry: IT - Software (Computers - Software & Consulting) Key highlights: 💡⚡ 📈On Weekly Chart Script is forming symmetrical triangle and trading near support line. 📈 Script is trading at upper band of BB. 📈 MACD and Double Moving Averages are giving Crossover 📈 Right now RSI is around 58. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1547 🟢 Target 🎯🏆 - 1612 / 1655 ⚠️ Stoploss ☠️🚫 - 1499 ⚠️ 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!🥂
NSE:TECHMLong
by radha_23
Eris Lifesciences Ltd: Symmetrical Triangle FormationEris Lifesciences Ltd . is currently exhibiting a Symmetrical Triangle Pattern on its daily chart. This pattern is characterized by converging trendlines formed by lower highs and higher lows, indicating a period of consolidation. While symmetrical triangles often serve as continuation patterns, they can also signal potential reversals, depending on the breakout direction. The pattern's apex is approaching, suggesting that a breakout—either upward or downward—is imminent. It's crucial to monitor the breakout closely, as the direction will determine the subsequent trading strategy. 📉 RSI Analysis: Indicating Sideways Momentum The RSI for Eris Lifesciences is currently below 50, indicating a neutral to bearish momentum. This suggests that the stock is in a sideways trend, with neither bulls nor bears gaining a clear advantage. Such conditions are typical during consolidation phases, reinforcing the current symmetrical triangle pattern. 🕯️ Candlestick Insight: Doji Formation Recently, multiple doji candlestick with long legs has formed, signaling indecision in the market. A Doji occurs when the opening and closing prices are nearly identical, reflecting a balance between buying and selling pressures. The long wicks indicate that both bulls and bears attempted to take control but failed, leaving the market in a state of equilibrium. This formation suggests that significant market participants are awaiting a catalyst to drive the next move, making it a critical point to observe for potential breakout confirmation. 🧠 Strategic Outlook: Awaiting Breakout Confirmation Given the current technical indicators—a symmetrical triangle pattern, neutral RSI, and a doji candlestick—it's prudent to adopt a wait-and-see approach. The next significant move will depend on the breakout direction from the triangle: Bullish Scenario: A breakout above the upper trendline, accompanied by increased volume and a rising RSI, would suggest a continuation of the uptrend. Bearish Scenario: Conversely, a breakdown below the lower trendline, with declining volume and a falling RSI, would indicate a potential reversal to the downside. In both scenarios, it's essential to wait for confirmation through volume and momentum indicators before entering a position. 📌 Conclusion Eris Lifesciences Ltd. is at a pivotal juncture. The formation of a symmetrical triangle, coupled with a neutral RSI and a doji candlestick, points to a period of consolidation. Traders should remain vigilant for a breakout in either direction, using volume and momentum indicators to confirm the move before making trading decisions. As always, it's advisable to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
NSE:ERIS
by Arvind_Share_Academy
Breaking Out of Falling Wedge and Symmetrical TriangleNSE:SYRMA is breaking out of Falling Wedge and Symmetrical Triangle Breakout on Weekly TF. With 2nd Best Weekly Volumes. NSE:SYRMA is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization. Recently it posted good Q2 FY 24-25 Results, posting a 30% Y/Y rise in Q2 consol profit after tax. The auto and healthcare businesses led growth in Q2 and will drive future growth further ahead. Also, expect a recovery in margins fuelled by higher exports and design and manufacturing businesses. NSE:SYRMA faces margin challenges as the consumer segment, which comprises 35%—38% of topline, operates with lower margins, and they are aiming to lower the segment's share further. One can wait for a retracement or ride the momentum with the current week candle as stop loss. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SYRMALong
by Karanshah137
2
LTIM: The Final Squeeze – Breakout or Breakdown?LTIMINDTREE: The Big Squeeze! ⚡ Which Way? 🐂🐻 Timeframe: Daily Trade Type: Swing/Positional Pure Price Action Setup: LTIMINDTREE is compressing into a textbook Symmetrical Triangle on the daily chart. This is a classic consolidation pattern where the market is building energy for a significant breakout. Volatility is collapsing into a tight apex! Key Decision Levels: Bullish Trigger: A decisive daily close above 5350 (the recent upper trendline resistance). Bearish Trigger: A decisive daily close below 5067 (the rising lower trendline support). The Trade Plan: 👉 BULLISH BREAKOUT Scenario 🐂 Entry: On a close above 5350. Confirmation: A significant increase in volume on the breakout candle should confirm buyer commitment. Target 1: 5554 (Previous major high) Final Target: 6042 (All-Time High & Pattern Confluence) SL: Below the breakout candle or the lower trendline. 👉 BEARISH BREAKDOWN Scenario 🐻 Entry: On a close below 5067. Confirmation: A noticeable spike in volume on the breakdown would validate seller dominance. Target 1: 4939 (Initial support zone) Final Target: 3767 (Major Swing Low & Pattern Confluence) SL: Above the breakdown candle or the upper trendline. Pattern Depth & Significance: The triangle's maximum depth is measured from its origin: the high of 6042 (Feb 5) to the low of 3767 (Apr 7). This is a 2,275-point range. In percentage terms, that's a ~60.3% move from high to low. Why this matters: The energy stored in a pattern of this scale suggests the resulting breakout could be powerful and sustained. Always trail your stop loss after Target 1 is hit! 🔒 Risk Management is NON-NEGOTIABLE! This is a high-risk, high-reward setup. Your stop loss is your best friend. 📜 Disclaimer: This is an educational example of technical analysis and NOT financial advice. Trading carries a high level of risk. You should consider whether you can afford to take the risk of loss. Perform your own research before making any trade decisions. Like & Boost if this clear analysis helps you! ✅ Follow for more pure price action trade ideas! 😊
NSE:LTIM
by Alert_Trader
Kaynes Technology is at a crucial breakout zone: Setup: Price consolidating within a symmetrical triangle, now testing the upper trendline. Indicators: RSI ~58, just entering bullish zone, but not overbought. MACD turning positive → momentum aligning with trend. EMAs: 20 & 50 EMA aligned upward; price holding above 6,000. Levels: Targets: ₹6846 , ₹7,203, ₹7711 Stoploss: ₹6190 👉 Outlook: Break and sustain above ₹6,500 can trigger fresh momentum towards ₹7,000+. Support at ₹6190 is critical.
NSE:KAYNESLong
by Punit190
Poonawalla Fincorp showing a symmetrical triangle breakout: Setup: Clear breakout above trendline resistance on daily chart. Indicators: RSI at 62 → momentum strong, near overbought but not overheated. MACD bullish crossover with positive histogram. EMAs: 20 & 50 EMA slope positive; price sustaining above both. Levels: Stoploss: ₹445 Targets: ₹509 immediate, then ₹535 👉 Outlook: Strong bullish bias. Sustaining above ₹473 opens path towards ₹500–506 zone. Support at ₹445.
NSE:POONAWALLALong
by Punit190
Nested Bullish Patterns Signal Major Breakout!Script: NSE:SUPREMEIND | Timeframe: Daily | Analysis Type: Technical (Pure Price Action) | Patterns: Symmetrical Triangle + Cup & Handle Idea Summary 💡 A powerful, nested pattern setup is concluding on the daily chart! A large Symmetrical Triangle contains a secondary Cup and Handle (Bullish) pattern. This rare confluence signals strong accumulation and suggests an imminent, powerful upside breakout is likely! Chart Pattern Logic 🔍 Primary Pattern (Symmetrical Triangle): Characterized by descending resistance (highs: Dec-18-2024, Jun-17-2025) and ascending support (lows: Apr-9-2025, May-9-2025, Jul-24-2025). Secondary Pattern (Cup & Handle): Formed entirely within the triangle, adding a potent layer of bullish confirmation. Confluence: This pattern-within-a-pattern setup significantly amplifies the potential for a strong upward resolution. Trade Thesis 📈 Price is coiling at the triangle's apex under immense pressure. A decisive break above the upper trendline could ignite the next major bullish impulse phase. Trade Setup ⚡ Direction: LONG 🟢 Entry Trigger: WAIT for a strong Marubozu green candle 🕯️ to close above the triangle's trendline on high volume (min. 1.5x average). Stop Loss: Below the low of the breakout candle. 🛑 Profit Targets: 4700 🎯 | 4800 🎯 | 5125 🎯 Long-Term Target: 6000+ (Extended Target Based on Pattern Confluence & Momentum) 🚀 Risk Management: Trail stops aggressively after Target 1. Got another stock you want me to break down? 📊 Drop the ticker in the comments below! If you found this idea useful, like and follow for more pure price action analysis. Disclaimer: This post/information is solely for educational purposes and should not be construed as a recommendation or financial advice. Trading carries a risk of loss. Please conduct your own research or consult a financial advisor before making any investment decisions. The author and TradingView are not liable for any financial losses incurred based on this content.
NSE:SUPREMEINDLong
by Alert_Trader
SARDAEN: Triangle Breakout, Chart of the WeekWhy NSE:SARDAEN Triangle Breakout Could Signal the Next Big Move in it, let's analyze in "Chart of the Week" Post Strong Q1 FY26 Results As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes, it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions. Price Action Analysis: • Stock has exhibited a strong uptrend from 2022 lows around ₹120-140 to current levels of ₹534.95 • Major rally phase from mid-2023 onwards, gaining over 300% in approximately 18 months • Current consolidation phase since late 2024, around ₹400-600 range, indicates institutional accumulation • Recent price action shows formation of higher lows with resistance being tested multiple times Volume Spread Analysis: • Volume spikes during major breakout moves confirm institutional participation • Recent consolidation accompanied by relatively lower volumes, typical of the accumulation phase • Volume breakout above 7.11M suggests renewed interest at current levels • Volume pattern supports the bullish bias with buying interest on dips Key Technical Levels: Base Formation: • Primary base established between ₹400-₹430 levels during 2024 consolidation • Secondary base forming at ₹480-₹500 range as recent support • Base width of approximately 8-10 months indicates a strong foundation for the next leg up Support Levels: • Immediate Support: ₹480-₹500 (recent swing lows and 50-day moving average area) • Strong Support: ₹420-₹440 (previous resistance turned support) • Major Support: ₹380-₹400 (long-term trend line support and 200-day moving average) Resistance Levels: • Immediate Resistance: ₹560-₹580 (recent highs and psychological level) • Major Resistance: ₹600-₹620 (all-time high zone and round number resistance) • Extended Resistance: ₹680-₹720 (measured move projection from triangle pattern) Technical Pattern Recognition Symmetrical Triangle Pattern: • Clear triangle formation visible from the chart with converging trend lines • Triangle spans approximately 8-10 months, indicating a significant pattern • Breakout direction typically follows the prevailing trend (bullish in this case) Trend Line Analysis: • Primary uptrend line intact from 2022 lows, providing dynamic support • Resistance trend line from 2024 highs is being challenged multiple times • Converging trend lines creating the triangle pattern setup Fundamental and Sectoral Backdrop: Company Fundamentals: • Market Cap: ₹18,852 crore (up 88.40% in 1 year) • Revenue: ₹5,350 crore with profit of ₹941 crore (TTM) • Business Model: Manufacture of sponge iron, ferro alloys, billet, wire-rod, and iron ore pellet through Steel, Ferro, and Power segments • Promoter Holding: 73.16% indicating strong management confidence • Dividend Policy: Low payout at 7.69% of profits over the last 3 years, suggesting reinvestment focus Sectoral Outlook: • Steel Industry: India is the world's largest steel producer with strong domestic demand • Ferro Alloys Market: Global market projected to grow from $156.37 billion in 2024 to $204.2 billion by 2032 at 5.60% CAGR • Indian Ferrosilicon: Market valued at $347.7 million in 2022, estimated to grow at 5.0% CAGR through 2030 • Infrastructure Push: Union Budget 2025-26 increased capital investment outlay for infrastructure by 11.1% to ₹11.2 lakh crore Growth Lever: • Integrated business model across the steel value chain provides operational synergies • Strong promoter holding indicates alignment with minority shareholders • Beneficiary of India's infrastructure development and steel demand growth • Consolidation phase completion, suggesting readiness for the next growth phase Key Risk Factors: • Commodity price volatility affecting margins • Working capital days increased from 78.1 days to 119 days, indicating efficiency concerns • Current valuation appears overvalued by 52% compared to intrinsic value • Global steel demand fluctuations and trade policy changes Market Catalysts: • Government infrastructure spending and PLI schemes • 2025 outlook suggests potential upturn in steel producer activity with lower input costs and shifting trade policies • Iron ore production increased by 5.5% to 135 MMT in FY 2024-25, supporting raw material availability • Ferro Alloys industry poised to reach $188.7 billion by 2025, driven by a robust economy Full Coverage on my Newsletter this Week Keep in the Watchlist and DOYR. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes, it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SARDAEN
by Karanshah137
5
BLUE STAR LTD - Technical Analysis | Triangle Pattern ________________________________________ 📊 BLUE STAR LTD – Beginner-Friendly Technical & Fundamental Snapshot Ticker: NSE:BLUESTARCO | Sector: Consumer Durables CMP: ₹1,827.50 ▲ (+3.23%) (as of August 7, 2025) Chart Pattern: Symmetrical Triangle Technical View: ⭐⭐⭐⭐ Neutral-to-Positive (Educational Purpose Only) ________________________________________ 🔍 What’s Happening on the Chart? BLUE STAR has formed a Symmetrical Triangle – a pattern where price moves within narrowing highs and lows 📉📈 This indicates consolidation and usually results in a strong breakout or breakdown. 📦 Triangle Range: ~₹1,616 to ₹1,922 👉 Current price is testing the upper edge — a breakout could be brewing! ________________________________________ 🕯️ Candle & Indicator Analysis (Simplified) Here’s what the chart and indicators show: EMA 200 Crossover: ✅ Bullish signal – price is trading above its 200 EMA RSI (~60): 🔼 Showing strength – not yet overbought Stochastic (~92): 🚀 Near overbought – buyers in control MACD: ⚠️ Still bearish – momentum confirmation is pending VWAP: ✅ Aligned with bullish bias — suggests institutional support 📊 Volume Breakout: 🔺 Volume surged to 1.57 million, almost 3x the average of ~525.73k — a strong sign that big players may be stepping in as price nears breakout levels. 🧠 Trading Insight: The chart looks bullish but still needs confirmation. Watch for a proper breakout above the triangle with volume. ________________________________________ 📰 Recent News & Sentiment Update Q1 FY26 Results (as of June 30, 2025): 📈 Total Income: ₹2,998.32 Cr (↑ 3.8% YoY) 💰 Net Profit: ₹122.23 Cr (Source: Company Filings & Analyst Coverage) Sentiment: ✅ Positive: Modest earnings growth, analyst support ⚠️ Caution: Target cut by some analysts — signals mixed expectations ________________________________________ 🧭 Support & Resistance Levels 📌 Resistance Zones (Upside watch): R1: ₹1,866 R2: ₹1,904 R3: ₹2,112 (measured move target) 📌 Support Zones (Downside watch): S1: ₹1,750 S2: ₹1,680 S3: ₹1,616 (triangle base) ________________________________________ 🔍 How to Trade a Symmetrical Triangle A symmetrical triangle is a neutral pattern. The breakout confirms direction: – Above = potential upside 🟢 – Below = potential downside 🔴 📈 If Bullish Breakout Happens (above ₹1,860): ✅ Wait for a candle close above ₹1,860 with volume 🎯 Possible Price Zones: ₹2,000 → ₹2,165 🛑 Stop Loss: ₹1,750 (below triangle support) 📉 If Bearish Breakdown Happens (below ₹1,680): ✅ Wait for close below ₹1,680 🎯 Possible Price Zones: ₹1,500 → ₹1,375 🛑 Stop Loss: ₹1,750 (above triangle resistance) ________________________________________ 🧠 STWP’s Educational Trade Idea (Not a Recommendation) 🎯 Long watch above: ₹1,839 🛑 Stop Loss: ₹1,719.50 📈 Risk-Reward Idea: Minimum 1:1; ideally aim for 1:2+ ________________________________________ 🔰 Trading Notes ✅ Always use stop losses ⏳ Be patient — wait for confirmation, not assumption 🚫 Don’t chase green candles or panic in red ones 📚 Trade based on structure, not emotions 💼 Risk only 1–2% of your capital per trade 🎯 Target minimum 1:1.5 Risk-to-Reward ratio ________________________________________ ⚠️ Disclaimer (Read Carefully) This post is for educational and informational purposes only. The author is not a SEBI-registered investment advisor. No buy or sell recommendations are being made. All views are based on chart patterns, publicly available data, and personal learning experience. Trading involves risk. Losses can exceed your investment. Always consult a SEBI-registered advisor before making financial decisions. By engaging with this content, you agree to these terms. ________________________________________ 💬 Was this useful? Drop your thoughts, questions, or setups in the comments below ⬇️ — let’s grow together! 🔁 Share this post with fellow traders and beginners to spread clean, structure-based learning. ✅ Follow simpletradewithpatience for beginner-friendly setups, price action insights, and disciplined trading content. 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊 ________________________________________
NSE:BLUESTARCOLong
by simpletradewithpatience
JSWENERGY | Symmetrical Triangle Breakout in Progress?Description: JSW Energy is forming a symmetrical triangle on the daily chart after a downtrend — resembling a potential bearish pennant, but price structure, sloping EMAs, rising momentum, and positive EFI hint at bullish strength. 📌 Breakout Level: ₹534 📉 Stoploss: ₹519 (ATR-based) 🎯 Targets: ₹563 → ₹597 → ₹694 (as per Fib projections) 🧭 Macro Context: - Infra & Energy sectors improving - Govt push for renewables - Dollar weakening, risk-on tone aiding sentiment Structure, volume, and macro are aligned — tracking this breakout closely.
NSE:JSWENERGYLong
by Punit190