Get started

Symmetrical Triangle

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
ManOrg: Symmetrical Triangle Tightens – Big Move Ahead?🔎 #OnRadar #ManOrg (Mangalam Organics Ltd.) Symmetrical Triangle Tightens – Big Move Ahead? CMP: 516.65 📈 Technical Outlook (Monthly Chart | For Educational Purpose Only): #SymmetricalTriangle pattern appears to be forming on the monthly timeframe. The price has faced repeated resistance near the falling trendline around 629 and is currently showing signs of a possible retracement towards the lower end of the triangle. The key support zone lies between 473–378 . If this zone holds, price may attempt another move up toward the falling trendline resistance. A monthly close above the trendline could indicate a potential breakout from this long-term structure. If sustained, the stock may gradually head toward its all-time high zone near 1,300 . ⚠️ Disclaimer: This post is shared only for educational purposes. It is not a buy/sell recommendation. Please consult a financial advisor before making any investment decisions. #TechnicalAnalysis | #SymmetricalTriangle | #ChartPatterns | #PriceAction | #LongTerm
BSE:MANORGLong
by Stocks_Mario
Massive Symmetrical Triangle on Kakatiya Cement – Eyes on 599?🔎 #OnRadar #Kakatcem (Kakatiya Cement Sugar & Industries Ltd.) CMP: 166.40 📈 Technical Outlook (Monthly Chart | For Educational Purpose Only): A #SymmetricalTriangle pattern appears to be forming on the monthly timeframe. 📌 Price took support near the rising trendline (~130) and is now showing signs of recovery. If momentum sustains, the stock may head toward the falling trendline resistance of the triangle. A monthly close above the falling trendline could indicate a potential breakout from this long-term pattern — which, if successful, may open up room for a move towards its all-time high zone around 599 . ⚠️ Disclaimer: This post is shared only for educational and observational purposes. It is not a buy/sell recommendation. Please consult a financial advisor before making any investment decisions. #TechnicalAnalysis | #SymmetricalTriangle | #ChartPatterns | #PriceAction | #LongTerm
NSE:KAKATCEMLong
by Stocks_Mario
MAHSEAMLES - Symmetrical Triangle Breakout📊 MAHSEAMLES – Symmetrical Triangle Breakout | RSI Bullish | Volume Surge | Daily Timeframe 📅 Chart Date: June 26, 2025 📈 CMP: ₹736.55 (+7.20%) 📍 Ticker: NSE:MAHSEAMLES 🔍 Technical Analysis Overview 🔺 Symmetrical Triangle Breakout After months of consolidation within a symmetrical triangle pattern, MAHSEAMLES has broken out with a strong bullish candle Breakout level: Above ₹725, confirmed with strong price momentum Breakout marks potential trend reversal and beginning of new bullish phase 📊 Volume Volume spike to 1.77M, significantly higher than recent average – validates breakout strength 📈 RSI Indicator (14) RSI at 65.26, trending upwards – bullish zone Previous RSI Bullish signals noted at key turning points, providing confluence 📍 Key Technical Levels ✅ Breakout Level: ₹725 🚀 Potential Upside Targets (based on pattern height projection): ₹770 ₹800 ₹840+ 🛡️ Support Zones: ₹700 (retest zone) ₹670 (lower trendline support) ₹635 (triangle base) 💡 Trade Setup Idea Entry: On breakout close above ₹725 with confirmation Stop Loss: Below ₹695 (just under triangle resistance) Targets: ₹770 → ₹800 → ₹840+ Risk-Reward: Favorable with pattern breakout and rising momentum ⚠️ Disclaimer This chart analysis is for educational purposes only. Always DYOR (Do Your Own Research) and consult a financial advisor before making investment decisions.
NSE:MAHSEAMLESLong
by PriceAction_Pulse
Hindalco Symmetrical Triangle breakout setup🔹 Pattern: Symmetrical Triangle 🔹 Breakout Level: ₹660 🔹 Stoploss: ₹635 (below swing low) 🔹 Target Zone: ₹850 – ₹900 🔹 Risk–Reward: 7.6 – 9.6 🔹 Timeframe: Positional (swing to medium term) --- 📊 Chart Analysis: Hindalco has broken out of a well-defined symmetrical triangle on the daily chart, with strong price compression followed by bullish breakout confirmation. The triangle height is ~₹200, projected from the breakout zone, giving a target range of ₹850–₹900. 🧠 Stoploss placed below the last swing low inside the triangle to avoid false breakdown traps.
NSE:HINDALCOLong
by Punit190
GALLANTT |Symmetrical Triangle | Daily ### 🔍 Technical Snapshot - **Breakout Alert**: The symmetrical triangle shows a bullish breakout above ₹488, with a strong follow-through toward ₹506.40. That breakout level was respected perfectly—classic pattern behavior. - **Target**: The projected target of ₹580.50 looks feasible based on the height of the triangle and the breakout momentum. - **Volume Surge**: Today's volume is a whopping 1.66M—over 10x the 5-day average—with an rVol of 1052%. That kind of participation typically supports sustained momentum. ### 📉 Trend and Indicators - **Descending Channels**: The stock escaped not one but *two* descending channels—suggesting a reversal in structure. - **RSI at 42.15**: Room for upside. It’s not overbought, meaning there’s still breathing room for a move toward the target. - **EMA Support**: Price is comfortably above short and long-term EMAs (8, 21, 55, 144), which is a bullish alignment. ### 🧾 Fundamental Flash - **EPS Growth**: Consistent quarterly growth, with a standout 599.9% QoQ jump in Sep 2024. That's explosive. - **U/D Ratio**: 22 up days out of 28 with a U/D Ratio of 2.07—implying steady buying pressure over time.
NSE:GALLANTTLong
by DailyCharts03
Aeroflex | Symmetrical triangle breakout ### 📊 **Aeroflex Industries Ltd - Technical Analysis Summary (Daily Chart)** #### 🚀 **Breakout Overview** * **Pattern**: Symmetrical triangle breakout (tight range → explosive move) * **Breakout Confirmation**: Massive bullish candle (+11.45%) with **volume spike (64.98M)** — over **1200% above average** * **Breakout Level**: \~₹174–₹176 #### 🎯 **Target Projection** * **Height of Triangle (Approx)**: ₹31.90 * **Target Price**: ₹176 (breakout level) + ₹31.90 ≈ **₹210** #### 📌 **Key Price Levels** * **Current Price**: ₹194.87 * **Immediate Resistance / Target**: ₹210 * **Support**: ₹186 (previous swing high and breakout retest level) * **Stop Loss Zone**: Below ₹174 #### 📈 **Volume & Indicators** * **RSI**: 74.80 — Overbought, but confirms strong momentum * **EMA Confluence**: * EMA-8: +10.89% * EMA-21: +14.08% * EMA-55: +13.01% * EMA-144: +8.23% * **RVol**: 3074.27% — Heavy institutional activity likely * **U/D Ratio**: 5.29 — Strong buying dominance #### 🧠 **Inference** * **Strong bullish breakout** with rising volume and RSI confirmation. * Good follow-through expected up to **₹210**. * Watch for minor pullbacks or consolidation near ₹186 for potential entry on retest. ---
NSE:AEROFLEXLong
by DailyCharts03
Symmetrical Triangle pattern in Torrent Pharma Symmetrical Triangle Breakout Setup Torrent Pharmaceuticals Ltd (TORNTPHARM) Breakout Level: ₹3,300 Stop Loss: ₹3,150 (below triangle support) Target: ₹4,000 (based on height of triangle) Risk:Reward: ~2.8:1 ✅ Technical Confirmation: RSI near 52 — momentum shifting bullish above 55. MACD positive crossover, rising histogram — trend strength improving. Volume: Awaiting breakout candle with above-average volume for confirmation. EFI (Elder Force Index) turning positive — signals potential surge in buying force. 📌 Strategy Insight: A breakout above ₹3,300, backed by volume and momentum, could lead to a sharp trend continuation toward ₹4,000. The symmetrical triangle represents consolidation after trend — a potential bullish continuation pattern.
NSE:TORNTPHARMLong
by Punit190
1
Emudhra Watchlist StockEmudhra's Triangle Breakout Drama: Why This Digital Security Stock Could Rally 15% from Current Levels Price Action: Looking at Emudhra's daily chart, we're witnessing a textbook technical setup that could offer substantial rewards for patient traders. The stock has been consolidating in a well-defined triangle pattern since late April, with price action compressed between converging trend lines around 720-780 levels. The current price action shows Emudhra testing the upper boundary of this Wedge formation at approximately 775-780 resistance zone. What's particularly interesting is how the stock has maintained its position above the key psychological level of 750, suggesting underlying strength despite the recent market volatility. Volume Action: From a volume perspective, we've seen relatively subdued activity during this consolidation phase, which is typical behaviour within triangle patterns. However, any breakout above 780 with accompanying volume surge would validate the bullish continuation thesis. The base formation here spans roughly 6-8 weeks, providing sufficient time for weak hands to exit and strong accumulation to occur. Support levels are clearly defined at 720 (triangle lower boundary) and 700 (psychological support), while immediate resistance sits at 780, followed by the major level at 880. The triangle pattern, combined with the stock's position above key moving averages, suggests a potential measured move target of around 850-870 levels, representing approximately 10-15% upside from current levels. Trade Setup: Entry: 782-785 on breakout with volume confirmation Target 1: 820 (initial resistance) Target 2: 850-870 (measured move target) Stop Loss: 750 (below triangle support) Risk-Reward Ratio: Approximately 1:2.5 Risk management is crucial here - the stop loss at 750 provides a reasonable buffer while maintaining favourable risk-reward dynamics. Traders should wait for a decisive breakout above 780 with at least 50% higher than average volume to confirm the pattern completion. Sectoral Backdrop: The digital security and cybersecurity sector has been gaining traction globally, with increasing digitization post-pandemic driving demand for authentication and security solutions. Emudhra operates in the digital trust space, providing digital signature solutions and PKI services, which positions it well for the ongoing digital transformation wave. Fundamental Backdrop: While technical analysis drives this setup, Emudhra's business fundamentals appear supportive, with the company's focus on digital identity solutions aligning with government initiatives like Digital India. The increasing adoption of digital signatures across various sectors provides a favourable operating environment for sustained growth. Risk Factors: Technical Risks: - False breakout possibility if volume doesn't support the move - A broader market correction could invalidate the pattern - Failure to hold 750 support would signal a pattern failure Fundamental Risks: - Intense competition in the digital security space - Regulatory changes affecting the business model - Economic slowdown impacting enterprise spending - Technology disruption in authentication methods My Take: The key catalyst to watch would be any major contract announcements or regulatory developments that could trigger the breakout. Given the tight consolidation and technical setup, this stock deserves a spot on active traders' watchlists for the coming weeks. Keep in the Watchlist. 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. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." 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:EMUDHRA
by Karanshah137
10
HDFCBANK | Symmetrical Triangle | Daily |Watchlist### **Technical Analysis of HDFC Bank Ltd. (NSE)** The **daily candlestick chart** of **HDFC Bank Ltd.** highlights key technical patterns, suggesting potential bullish momentum. ### **Key Observations:** 1. **Cup and Handle Formation:** - A well-defined **cup and handle** pattern is visible, indicating prolonged accumulation. - Breakout above **1,960.00 INR** confirms bullish sentiment. - **Projected Target:** **2,057.30 INR**, a **11.62% upside** from breakout. 2. **Symmetrical Triangle Breakout:** - Price action consolidating within a **symmetrical triangle**, leading to breakout confirmation. - Strong move above **1,944.90 INR**, validating upward momentum. 3. **Volume & Price Action:** - **Volume:** **14.37M** surpassing 20-day moving average of **10.13M**, confirming strength. ### **Support & Resistance Levels:** - **Support:** **1,842.00 INR**, acting as a key cushion in case of pullbacks. - **Resistance:** **2,057.30 INR**, aligning with the measured move projection.
NSE:HDFCBANKLong
by DailyCharts03
PAYTM | Symmetrical Triangle | Daily ### **Technical Analysis of Paytm (ONE 97 COMMUNICATIONS LTD - NSE)** The chart highlights a **symmetrical triangle breakout**, signaling potential bullish momentum. ### **Key Observations: **Symmetrical Triangle Formation:** - The price oscillated between converging trendlines, forming a tightening range. - The breakout above the upper trendline confirms bullish continuation. **Cup and Handle Preceding the Breakout:** - The earlier **cup and handle** pattern reinforced accumulation before the breakout. **Breakout Confirmation:** - **Resistance Level:** **911 INR**—a key level to watch. - **Target Price:** **990.35 INR**, representing a **12.86% upside** from the breakout point. **Volume Surge:** - Increased trading activity during the breakout strengthens the validity of the move. ### **Indicators to Watch:** - **RSI:58, it confirms strong buying momentum. - **MACD:** A bullish crossover reinforces trend continuation. - **Support Level:** **911 INR**—holding above this level strengthens the bullish case.
NSE:PAYTMLong
by DailyCharts03