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Symmetrical Triangle

BIRLACORPNBIRLACORPN:- Symmetrical triangle pattern is formed, you can plan something on the side which gets breakout, till then keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BIRLACORPNLong
by AjayDhakad_Keep_it_simple
1
SYNGENE INTERNATIONAL : STRENGTH OF 2.5 YRS OF CONSOLIDATIONSyngene International Limited is an India-based contract research company. The Company is engaged in providing services from early discovery and development to commercial manufacturing for small and large molecules and a Market Cap of Rs. 24,500+ Cr. The chart is moving within a limited range since 2020 , for almost 2.5 years. Though the range is high but is limited , from 510 to 680. The stock remained untouched from the relative movements in Pharma Sector as well as market as whole. The stock is now consolidating. When a stock is ready to come out any range, the bottoms get higher and higher as we seen in the chart , the bottoms are getting higher since Jun 2022. We are seeing Symmetrical Triangle Pattern. We see breakout of this pattern last week and since then the stock is consolidating. The next resistance is from 650 to 690, which is stock's life time high. If the stock crosses this level, there is possibility of a new trend , strong trend , with a gained momentum of last 2.5 years. Symmetrical Triangle is completed and is already broken out , pattern is strong , high consolidation of 2.5 Years and 50 EMA Support , all these factors , indicates a break out in of this chart. Entry @ CMP : 609 Targets : 650 , 690 , and if breaks the range (high possibility ) thereafter a new positive trend ... Stop Loss : 605 This analysis is only for education purpose. Please do your own analysis before entering into any trade and trade at your own risk. Best Of Luck !!!
NSE:SYNGENELong
by chakraveer1104
TATA STEEL : BUY NOW AT SUPPORT LEVEL TO HOLDTata Steel Limited is an India-based steel manufacturing company. The Company is engaged in the business of steel making, including raw material and finishing operations. The stock CMP : 106.30 is currently reversed from downtrend and retested support @ 103.20. There are two formations, one is parallel channel and the second is Symmetrical Triangle Pattern. The stock is at support in both patterns. Appropriate time to enter the trade with least Stop Loss @ 103.50 or 102.25 for targets as 111.20 , 118.90 , 124.40 and 133.10 The positive trend in Nifty Metal , is favoring the trade and Once , 50 EMA crosses over 200 EMA, we may see sharp rise in the price. This analysis is completely for education purpose, please trade only after your own analysis and at your own risk. Best of luck !!
NSE:TATASTEELLong
by chakraveer1104