Get started

Symmetrical Triangle

Banknifty view for 10 Nov ExpiryNSE:BANKNIFTY is Trading in a narrow price range from date 24 nov to 4 nov. 41,500 is crucial level for banknifty. Its a strong resistance or supply zone. Banknifty is trying to break this resistance. On Nov 1 it succeed to break resistance but not able to sustain. Also this level is tested for multiple times. On the other hand, 40850 is strong support. 2 times banknifty took support from that level and gone upside. Banknifty is curretly neither in Up trend nor in Down trend. Its just moving in between 41500 - 40850. we can say sideways. On longer time frame like daily or weekly we can clearly see an up trend. So if we get banknifty around 40850 and gives us a bullish confirmation we will think for Long (Bullish view) for target of 41100,41300 & 41500. If Banknifty breaks 41500 level and sustain above that we will surely go for Long (Bullish view) for target of 41700, 41800 & 42000. In worst case banknifty will break its support level 40850 and sustains below we can go for short(Bearish view) for target of 40600, 40500,40300. If we think logically, most of the major banks NSE:SBIN , NSE:AXISBANK , NSE:HDFCBANK , NSE:ICICIBANK having good quarterly earning report. FII have started buying recent. So we can expect a bullish move for upcoming days. But, we are close to all time high. Disclaimer : I am not SEBI registered analyst. Do your own analysis before taking trade. I am not responsible for your profit or loss.
NSE:BANKNIFTY
by AmeyKajarekar
1
Symmetrical triangle pattern reversal in AUBANK.AUBANK Key highlights: 💡⚡ 📈 On 1D Time Frame Stock Showing Reversal of symmetrical Triangle Pattern . 📈It can give movement upto the Reversal target of 665+. 📈There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this stock can gives strong upside rally upto above 885+. 📈 Can Go Short in this stock by placing stop loss below 665 or last swing low. 📈 After breakout this can give risk:reward up to 1:3+.
NSE:AUBANKLong
by TradZoo
Symmetrical triangle pattern reversal in GUJGASLTD. GUJGASLTD ( GUJARAT GAS LIMITED) Key highlights: 💡⚡ 📈 On 1D Time Frame Stock Showing Reversal of symmetrical Triangle Pattern. 📈It can give movement upto the Reversal target of 3250+. 📈There have chances of breakdown of support level too. 📈 After breakdown of support level this stock can gives strong down side rally upto -310. 📈 Can Go Short in this stock by placing stop loss Above 528 or last swing high. 📈 After breakdown this can give risk:reward up to 1:3+.
NSE:GUJGASLTDShort
by TradZoo