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Symmetrical Triangle

Triangle pattern Breakout in INDIAGLYCOSymmetrical triangle Breakout in India Glycol Previously on 9th Sep stock had given breakout from its symmetrical triangle patter and now, price is coming for the retest. If you observe todays candle, it is forming a hammer, indicating upside move in coming days. For further Strong upside momentum price has to close above 980. All possible targets are marked on the chart. Maintain strict stop loss at 835. This is just a view, not recommendation to trade. Do your own analysis before making any investment. Do like and share this idea and share your opinion in the comment section. NSE:INDIAGLYCO
NSE:INDIAGLYCOLong
by varun_devadiga
4
IndiaMART is ready for Blast IndiaMART, the country's first and largest B2B digital marketplace, has emerged as a game-changer in the B2B scene. It focuses on quickly and easily integrating Small and Medium Businesses (SMEs) into the new paradigm; it is continually pushing the boundaries of innovation to make the online marketplace more accessible, visible, and engaging to them. This B2B classified market connects buyers and suppliers. On the platform, there are 14cr+ customers and 70L+ providers. Because 36% of providers are also purchasers, the system is remarkably self-sustaining. A subscription-based business model that is simple to administer. Technical :- In this, Price made a symmetric triangle pattern in higher time frame and also made a bullish penant pattern in smaller time frame. Entry :- 15min Time Frame triangle breakout retest Stop loss :- ₹4580 Targets :- ₹5255,6875,7770,8800,9670,11390,13570,17390,19520 (Big targets are for the long term)
NSE:INDIAMARTLong
by Sanaatani_trader
Shree Cement is ready for up move Fundamental :- Shree Cement is the third-largest cement manufacturer in India with a capacity of 41+ Million Metric tonnes per annum which has grown over the last 10 years at 15.33% CAGR. The company has a market share of 8% and is third after Ultratech cement with 19% and Holcim (ACC+Ambuja) with 13% market share. Technical :- Symmetrical Triangle breakout with good volume retest done. First Entry :- Aggressive traders can enter now Stop Loss :- ₹22500 Second Entry :- above ₹25600 Stop loss :- 23450 Targets :- ₹25750,29390,31234,35890,40720,50000,54900
NSE:SHREECEMLong
by Sanaatani_trader
Cup and Handle pattern is seen in Bank nifty today againWhat is a Cup and Handle Price Pattern? The cup and handle is an accumulation buying pattern, which is found during long periods of consolidation, and can lead to powerful explosive moves once the pattern is fully completed. What is a Symmetrical triangle pattern? A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. We can see both Cup and Handle and Symmetrical triangle pattern seen in Bank nifty again and ready for breakout/down. Or Market can make a Head and shoulder pattern (another shoulder is in formation) ... lets see Please see earlier idea published on Aug 26 for similar patterns.
NSE:BANKNIFTY
by AdhigamaTrading
4
INDIAGLYCO - Triangle Breakout + Bounce from 20EMA - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:INDIAGLYCOLong
by TradewithAditya
Symmetrical Triangle Breakout in Nesco Symmetrical Triangle Breakout in Nesco Ltd. Stock has finally given breakout from its symmetrical Triangle pattern in weekly chart. Previously 625-605 was acting as major resistance, but now stock has managed to close above this zone with good volume. Going forward this should act as a good support if price retraces to its previous levels. Any price between 625-605 is a good price to enter. Stock has potential to reach 1000+ in coming days. Possible stop loss can be at 545. For further Strong upward movement, price has to close above breakout candle. All possible targets are marked on the chart. This is just a view, not recommendation to trade. Do your own analysis before making any investment. Do like and share this idea and share your opinion in the comment section. NSE:NESCO
NSE:NESCOLong
by varun_devadiga
2
Symmetrical TriangleA symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. How to identify a Symmetrical Triangle correctly 1.The sides of the triangle slope equally (that's why it's symmetrical) 2.The triangle has lower highs AND higher lows – at least two of each. 3.It looks like a funnel, with the price “squeezing” from the left towards the right.
NSE:SHAKTIPUMPEducation
by adityagupta1