Happy Friendship day to all my fellow Traders!
-> As already Explained from chart JTL INDUSTRIES has given a remarkable symmetrical tringle breakout.
-> Since 8 months It was in consolidation phase forming a beautiful tringle pattern.
-> After successful breakout it has retraced back to its breakout point multiple times and started accumulating, Then again in a...
Bullish Trend Continue With
Symmetrical Triangle Pattern
Add if decline to 112-108 Levels,
Add here in CMP: 121.80
Target 134, 190+
SL: 100 below close
Time Frame : 6 Months
Risk is yours and Reward is too yours Totally
Tata chemicals has formed a beautiful symmetrical triangle pattern and requires traders to trade the range, buying at the lower trend line and selling at the higher. It has also formed a golden cross- When 50EMA passes 200EMA from below showing bullish nature.
A break of the lower trend line will see an end to the trade, making it a risky one.. Hence we should...
MARUTI is on the verge of breaking out of symmetrical triangle pattern on an hourly chart with good volumes with very good risk:reward ratio.
Could be bought above 9775 with mentioned stoploss & target.
You can buy Infosys for short term with small Stoploss and big target, Infosys made Symmetrical pattern yesterday and stand at it's breakout today.
Buying : 1348
Stoploss : 1342
Target : 1372
Abbott India which was trading in the triangle formation has broken out with upper side momentum.
One can go long on this stock with target of 23800 in coming months
Symmetrical Triangle BO formation:
Forming from lows of March 2020 and latest last lowest lows of June 2022.
Strong BO expected if price sustains above 450 levels for this week.
R1: 502
R2: 529
R3: 617-633
Stop Loss: 401
Mangalam Drugs has been attempting to break the 155 level, with its previous attempts getting rejected. But this time, with the solid foundation of a Double Bottom base, & a Symmetrical Triangle formed near the resistance zone, the chances of a successful breakout increases.
Following points to note before initiating a Long...
BEL is forming a Symmetrical Triangle Pattern. As per expectation breakout could happen from 129 level.
After the breakout one can enter around 129-130 level with expected target of 143. Also one should set stoploss at 126.
Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not...
Stock gives breakout of Symmetrical triangle pattern with very good volumes. Volumes are highest today in last 6-7 months. So it unlocks a good Swing trade setup for decent returns.
Stock is accumulating in Symmetrical Triangular pattern in a daily time frame. After consolidation period of 9 months stock has firmed strong upward move with good volume and more likely to break its resistance. If we see RSI, it's also indicating a big momentum is on the way. We will wait till its trend line is broken, if it does and sustains above the Line that...
