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Symmetrical Triangle

Paytm - CMP 950 - Monthly - Symmetrical Expanding TrianglePaytm has created Symmetrical Expanding Triangle in Monthly time frame RSI going up continuously, still not in overbought zone MACD is looking good Price is above 20 Months EMA volume is good for past 4-5 months Crossed 930 resistance with good volume DII has increased holding in June and Sep 2024, FII has decreased holdings Target 1 : 1160++ Target 2 : 1350 , This could be next Resistance if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++
NSE:PAYTMLong
by maruviral
DCAL: Symmetrical Triangle Pattern BreakoutDCAL has recently exhibited a noteworthy breakout from a symmetrical triangle pattern on the daily timeframe, accompanied by a corresponding increase in trading volume. The stock price has successfully breached the upper trendline of the symmetrical triangle, a development that is often indicative of bullish momentum. Such a breakout, supported by substantial volume, suggests a likely continuation of upward price movement. The MACD signal line has crossed above the MACD line, a bullish signal that reinforces the potential for further upward price action. This crossover indicates increasing momentum and buying strength. The RSI is currently reading above 85, suggesting that the stock is in overbought territory. While this may indicate strong buying interest, it is also a signal to monitor for potential overextension in the price movement. Based on the current technical indicators and chart patterns, a position around the price level of 194 . A stop-loss order is suggested at 180 to manage risk effectively. The target price for this trade is estimated at 223 , providing a favourable risk-reward ratio of approximately 1:2. Disclaimer: This technical analysis report is provided for informational and educational purposes only. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Individuals should conduct their own thorough research and/or consult with a financial advisor before making any investment decisions.
NSE:DCALLong
by NiftyNotions
4
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
The Symmetrical Triangle: Real Success Rates + Breakout.The Symmetrical Triangle: Real Success Rates + Breakout. The symmetrical triangle is an important chart pattern in technical analysis, deserving special attention from professional traders. This formation is characterized by a convergence of prices between two trendlines, one descending and the other ascending, creating a consolidation zone where indecision between buyers and sellers is palpable. Statistical Analysis Empirical data reveals that the success rate of the symmetrical triangle for a trend continuation is approximately 54%. This percentage, although higher than 50%, underlines the importance of a cautious approach and rigorous risk management in using this pattern. Breakout Point The breakout of the symmetrical triangle usually occurs when the price has traveled approximately 75% of the distance to the apex. This point is crucial for traders, as it often represents the moment when volatility increases and a new trend can be established. Risks and False Exits It is essential to note that the symmetrical triangle has a relatively high rate of false exits. Statistics indicate that approximately 13% of cases in a bear market can result in a false exit to the bottom. This phenomenon underlines the need for additional confirmation before entering a position. Strategy of use To effectively exploit the symmetrical triangle, professional traders must: -Identify the formation accurately. -Wait for the breakout near the point of convergence of the trendlines. -Confirm the breakout with other technical indicators or an increase in volume. -Put in place strict risk management to protect against false exits. In conclusion, the symmetrical triangle, although being a valuable tool in the trader's arsenal, requires a methodical approach and a thorough understanding of its characteristics to be used effectively in a trading strategy.
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
Symmetrical Triangle Setup With Consolidation about to BlastNSE:INDIGOPNTS on the Weekly timeframe is making a Symmetrical Triangle setup that can break on the upside because the price has been consolidated for the past 14 weeks in a Narrow Range after Getting Accumulated Near the Key Zone, Followed By a Volume Blast. A Close or Breakout of the Setup Next Week will be confirmed if Followed by Similar Volumes. Keep this on your Watchlist. Meanwhile, Check out my other stock ideas below until this trade gets 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:INDIGOPNTSLong
by Karanshah137
2
Diverse Trading Strategies for UGRO Capital LtdUGRO Capital Ltd is currently exhibiting a symmetrical triangle pattern, characterized by converging trend lines drawn in black. This technical formation is indicative of a potential continuation or reversal pattern, often signaling an impending breakout, either upward or downward. Within this chart pattern, the upper trend line serves as a short-term resistance zone, while the price action has encountered difficulties in surpassing this level. A counter-trendline, represented by a dotted black line, suggests an attempt to break free from the prevailing downtrend; however, the stock continues to face resistance from the upper trend line. The stock has demonstrated notable resilience, establishing multiple support points, clearly identified by the blue line on the chart. These instances of price bounces indicate a consistent level of buying interest and present evidence of the stock's strength. The formation of higher lows during this period signifies a bullish sentiment, suggesting the potential for upward price movement. MACD & RSI values also denotes strong buying pressure and suggests a significant potential for price reversal. Recent trading activity shows a significant surge in volume over the past two days, substantially exceeding the average trading volumes. This spike is a critical sign of accumulating buying pressure, further supporting the bullish outlook for UGRO Capital Ltd . Increased volume during price ascents often serves as confirmation of the strength of the momentum. While the current technical indicators present a constructive outlook, a definitive breakout can only be confirmed when the stock price successfully clears the upper trend line resistance. Upon achieving this milestone, the next target of interest will likely be the established resistance level at 299, which could be revisited in the foreseeable future if bullish momentum continues. Disclaimer: The information provided in this analysis is purely for informational and educational purposes and should not be construed as financial advice. Investors are strongly encouraged to consult with a qualified financial advisor or conduct thorough research prior to making any investment decisions.
NSE:UGROCAPLong
by NiftyNotions
LUPIN - Symmetrical Triangle - Breakout -Daily The chart for **Lupin Ltd.** shows a **Bullish Ascending Triangle** pattern, a continuation formation that often leads to a breakout to the upside. Below is a comprehensive breakdown of both the technical and fundamental analysis for Lupin Ltd. ### **Technical Analysis:** 1. **Symmetrical Triangle Pattern**: - The stock price formed an **Symmetrical triangle** where the resistance level near **2,298.00 INR** was tested multiple times, while the lows were rising, creating higher lows over time. - The breakout above the upper trendline occurred with a solid move, confirmed by a spike in volume, which validates the breakout. 2. **Volume**: - Volume shows a notable increase during the breakout phase, which suggests strong buying interest. This volume confirmation adds weight to the strength of the breakout. - Periods of low volume within the triangle indicate consolidation, which is typical before an upward breakout. 3. **Price Targets**: - The height of the triangle is approximately **189.70 INR**, which projects a possible price target of around **2,427.50 INR**. - This target aligns with a resistance level and acts as the next logical area where sellers might emerge. - The stock has already moved up **3.12%** today, signaling bullish momentum that could take the price toward this target. 4. **Support Levels**: - **2,221.55 INR** is the lower bound of the triangle and acts as the nearest support level. 5. **Box Ranges**: - The chart also displays a series of rectangular box ranges during previous consolidations. The stock repeatedly consolidated in tight ranges before breaking out to new highs, showing a stair-stepping behavior indicative of a strong uptrend. 6. **Risk Management**: - A stop-loss can be placed below **2,221.55 INR**, the previous support level, to manage risk in case of a false breakout. ### **Fundamental Analysis**: 1. **Company Overview**: - **Lupin Ltd.** is one of the major pharmaceutical companies in India, with a strong presence in global markets. The company specializes in branded and generic formulations as well as Active Pharmaceutical Ingredients (APIs). - Lupin's product portfolio is well-diversified across therapeutic areas, including cardiovascular, diabetes, asthma, and infectious diseases. 2. **Financial Health**: - Lupin has seen improving revenues, supported by both domestic and international sales. Recent financial reports indicated strong earnings growth due to increasing market share in the U.S. and other global markets. - The company’s **EBITDA margin** has improved, reflecting better cost management and operational efficiencies. 3. **Sector Outlook**: - The pharmaceutical sector, especially in India, is expected to grow due to rising healthcare demand and increasing global supply chain integration. - Lupin benefits from India's position as a leading producer of generic drugs, which should contribute to sustained revenue growth in the coming years. 4. **Recent Developments**: - Lupin's recent investments in R&D and the launch of new drugs in the U.S. market have bolstered investor confidence. The company's focus on launching niche drugs with limited competition has allowed it to command higher margins. - Regulatory approval of several key drugs in the U.S. and Europe is expected to drive future growth, enhancing the company's global footprint. 5. **Valuation**: - Lupin's stock trades at a reasonable **P/E ratio** compared to its peers, making it an attractive investment in the pharmaceutical space. Given its growth prospects, the current valuation might still offer upside potential. ### **Conclusion**: - **Technical Outlook**: The ascending triangle breakout indicates a bullish setup with a potential price target of **2,427.50 INR**. The stock is in a strong uptrend, as confirmed by the breakout and volume. - **Fundamental Outlook**: Lupin Ltd. is well-positioned for growth with improving financial performance, a robust product portfolio, and expansion into global markets. The company's future prospects, combined with favorable sector dynamics, make it a solid long-term investment. As with any stock, managing risk with appropriate stop-loss levels is crucial, particularly around the key support levels.
NSE:LUPINLong
by VCharts_TA
AVGO -Symmetrical triangle -Daily - Unusual volume **Broadcom Inc. (AVGO)** chart and presents a technical analysis of the stock on a daily timeframe. Key highlights: 1. **Bullish Pattern**: The chart seems to show a series of bullish moves with higher highs and higher lows, which are connected by yellow lines. This pattern may be interpreted as an symmetrical triangle, a bullish continuation pattern. 2. **Breakout**: A breakout is indicated on the right side of the chart, which seems to have occurred on **high volume**, further supporting the bullish momentum. Retested the breakout trendline and bounced. 3. **Measured Move Projection**: The breakout projection indicates a potential price target of **$227.78**, which is calculated from the height of the triangle (about $60.12 from the low). This is approximately **48.25%** higher than the start of the upward move. 4. **Stop-Loss (SL)**: A stop-loss level is mentioned around **$165**, to manage risk in case the breakout fails. 5. **Volume**: A significant increase in volume is noted at the breakout, which adds confidence to the strength of the move. ### Potential Scenario: - If the breakout holds, the target of **$227.78** could be achieved in the next rally. - However, a pullback or consolidation near **$165** could be possible before the price moves higher.
NASDAQ:AVGOLong
by Vem_TA_Charts
ESCORTS - Symmetrical triangle -Breakout -DailyThis image shows a price chart for Escorts Kubota Ltd stock, Here's an analysis of the key elements: 1. Price Action: - The stock has been in an overall uptrend since April. - It formed a symmetrical triangle pattern from June to September, which it has now broken out of to the upside. - The current price is 4,079.25 INR, up 4.88% on the day. 2. Key Levels: - There's a significant resistance level around 4,400 INR, which was the previous high in June. - The breakout level from the triangle pattern (around 3,920 INR) may now act as support. 3. Volume: - There's a notable spike in trading volume coinciding with the recent price breakout, suggesting strong buying interest. 4. RSI (Relative Strength Index): - The RSI is currently at 67.60, indicating strong momentum but not yet in overbought territory. - There was a bullish divergence between the RSI and price from July to September, with the RSI making higher lows while price made lower lows. 5. Potential Targets: - The chart shows a potential price target of 4,870.90 INR, which represents a 21.02% move from the breakout point. 6. Overall Outlook: - The breakout from the symmetrical triangle, accompanied by increased volume and strong RSI, suggests a bullish outlook for the stock. - The next major resistance to watch would be the previous high around 4,400 INR.
NSE:ESCORTSLong
by VCharts_TA
3
MOTHERSON -Symmetrical Triangle -Breakout-DailyMOTHERSON -Symmetrical Triangle -Breakout-Daily Motherson chart formed symmetrical triangle pattern. In technical analysis, this pattern is characterized by two converging trendlines, with the price making lower highs and higher lows over time, ultimately forming a triangle shape. This formation often indicates price consolidation before a potential breakout. The upper trendline connects the highs, while the lower trendline connects the higher lows. The breakout appears to have occurred as the price moved above the upper trendline, which is typically seen as a bullish signal, suggesting the potential for a further upward move toward the target of ₹246.01, as indicated on the chart. Additionally, the volume increase during the breakout confirms the strength of this move, which is an essential validation for the symmetrical triangle breakout pattern. Support at 195 which is breakout candle low.
NSE:MOTHERSONLong
by VCharts_TA
NEWGEN - Symmetrical triangle Breakout -DailyName - NEWGEN Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 1191 Can test - 1337 SL - 1090 Always welcome for any comments with your feedback or give it a like if you find it useful. Here’s a summary of Newgen Software Technologies Ltd’s Q1 FY25 results: Financial Highlights Revenue: Newgen reported a revenue of INR 315 crore, marking a 25% increase year-over-year (YoY) from INR 252 crore in Q1 FY24. Net Profit: The net profit for the quarter stood at INR 48 crore, up by 58% YoY compared to INR 30 crore in the same period last year. Revenue Breakdown Annuity Revenue Streams: INR 201 crore from ATS/AMC, support, and cloud/SaaS and subscription licenses. Product/License Sales: INR 45 crore. Implementation and Others: INR 68 crore. Operational Highlights New Customer Additions: 13 new customer logos were added during the quarter1. New Product Launch: Introduction of Newgen LumYn, a Gen AI-powered hyper-personalization platform designed specifically for the banking sector. Recognition Gartner Recognition: Newgen was recognized in the Gartner Market Guide for State and Local Government Grant Management Solutions1. Newgen’s strong performance in Q1 reflects robust revenue growth and significant profitability improvements, driven by new customer acquisitions and innovative product launches. ========================================================================== Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NSE:NEWGENLong
by VCharts_TA
OBEROIRLTY - Symmetrical triangle Breakout - DailyName - OBEROIRLTY Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 1814 Target - 2140 SL - 1767 Always welcome for any comments with your feedback or give it a like if you find it useful. Analyst Ratings TradingView: Based on 21 analysts, the overall rating is neutral. The price target ranges from INR 1,175 to INR 2,350. Morningstar: Oberoi Realty is considered fairly valued with a current price of INR 1,784.64 and a fair value estimate of INR 3,142.13. Yahoo Finance: Provides detailed analyst estimates, including earnings and revenue projections. Key Metrics Price to Earnings (P/E) Ratio: 30.39 Price to Book (P/B) Ratio: 4.48 Price to Sales (P/S) Ratio: 12.43 Here’s a summary of Oberoi Realty Ltd’s Q1 FY25 results: Financial Highlights Net Profit : Oberoi Realty reported a net profit of INR 584.51 crore, an impressive 82% increase from INR 321.64 crore in the same quarter last year1. Revenue : The revenue for the quarter rose by 54% to INR 1,405 crore. EBITDA : EBITDA saw a significant rise of 72%. Operational Highlights Sales Volume: The company achieved strong sales volume, contributing to the overall revenue growth2. Project Launches: Successful project launches and ongoing projects have driven the financial performance1. Comparative Performance Quarter-over-Quarter: Compared to the previous quarter, revenue grew by 6.87%, although profit decreased by 25.83%3. Outlook The strong performance in Q1 sets a positive tone for the rest of the fiscal year, with expectations of continued growth driven by robust project pipelines and market demand.
NSE:OBEROIRLTYLong
by VCharts_TA
BANDHANBNK - Symmetrical triangle Breakout - DailyName - BANDHANBNK Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 207 Target - 242 SL - 203 Bandhan Bank’s Q1 FY25 performance: Financial Highlights Net Profit: Bandhan Bank reported a net profit of INR 1,063 crore, a significant 47% increase from INR 721 crore in the same quarter last year1. Net Interest Income (NII): The NII grew by 21% YoY to INR 3,005 crore1. Net Interest Margin (NIM): The NIM for the quarter was 7.6%, up from 7.3% last year1. Analyst Ratings Jefferies: Upgraded Bandhan Bank to “Buy” from “Underperform” with a target price of INR 2401. Nomura: Downgraded Bandhan Bank to “Reduce” from “Buy” with a target price of INR 1751. Consensus: The average target price from multiple analysts is around INR 2192. Intrinsic Value The intrinsic value of Bandhan Bank is estimated to be around INR 399.13, suggesting a significant upside from the current market price3. CRISIL Ratings CRISIL has reaffirmed its ratings on Bandhan Bank’s outstanding debt instruments at 'CRISIL AA/Negative/CRISIL A1+' Always welcome for any comments with your feedback or give it a like if you find it useful.
NSE:BANDHANBNKLong
by VCharts_TA
LT continues its consolidation phase within the symmetrical triaAs LT continues its consolidation phase within the symmetrical triangle formation, traders should closely monitor the price action around the key levels of resistance at 3700 and support at 3500. A breakout above 3700 could signal a bullish trend, potentially leading to higher targets, while a breakdown below 3500 might indicate further downside risk. Keeping an eye on volume and momentum indicators as the price approaches these boundaries can provide additional insights into the potential direction and strength of the move.
NSE:LT
by TradePatternsLikePro