Symmetrical Triangle
btc inverse head and shoulders so yesterday morning i marked this symetrical triangle out traded a long as it was forming the head (which i didnt know at that time) knowing that this triangle would break to the up well have a better chance to break to the up rather then the down woke up this morning its smashed through the triangle giving a 3% gain/rise retraced back down to make a hl and use the traingle upper level as support at the same time made an inverse head and shoulders so if we play out the way that these patterns normally play a long would be good to around the 21200k mark
thanks guys scopes
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NIFTY ENERGY - Just a view Key highlights: 💡⚡
📊 Currently NIFTYENERGY is giving breakout of Symmetrical triangle.
📊 and 29304 is its resistance level we can see rally of around 1000 point.
📊 but into RSI level 72 is working as resistance level twice.
📊 Keep an eye on both things RSI as well as price movement.
📊 One can go for long into ENERGY SECTOR.
📊 Example : ADANIGREEN , ADANITRANS , ONGC.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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MANAPPURAMsymmetrical triangle pattern "down trend continuous pattern "
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Cup and Handle pattern is seen in Bank nifty todayWhat 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 and ready for breakout/down.
GLENMARK - Chance for Triangle Breakout Glenmark Pharma is showing a Symmetrical triangle pattern in the daily time frame and there is a chance for make or break in the upcoming days.
Look out for Volume breakout !!!
Buy Price: Above 406.5
Stop Loss: Below 358
Target 1: Above 448
Target 2: Above 491
Down Trend is also possible due to weak earnings !!!
Sell the stock if it breaches the stop loss value.
Symmetrical Triangle Breakout in TCIStock has broken its previous resistance and has closed above its previous swing high of 768.
In case stock is coming for retest, Immediate support can be found at 755-745 levels.
For further upside movement, stock has to close above 785.
Stop loss can be placed at 730 for risk averse and for risk takers, SL can be 690.
Overall analysis is given in the chart
This is just a view, not recommendation to trade. Do your own analysis before taking any trade.
Share your opinion in the comment section.
NSE:TCI
Symmetrical Triangle breakout in BDLStock has already given breakout on 1st August with good volume and now it has retested previous resistance level of 815-840.
Increased volume on retest candle suggests bulls are still in control. For further strong momentum, stock has to close above 910-915 levels.
If anyone entering at this levels, stop loss can be placed at 770.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
NSE:BDL
Symmetric triangle formation IPCALAB?Symmetric Triangle pattern Formation in IPCA LABORATORIES Daily Chart
Wait for proper Breakout or Breakdown.
As of now dry volume, No clear indication of stock direction.
Will update, once the breakout or breakdown confirmed.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
NSE:IPCALAB
Havel's India Weekly AnalysisHavel's India Weekly Analysis
This is how Havel's India Weekly Chart looks. We can see Symmetric triangle pattern is forming. Wait for the proper breakout or breakdown. If you see properly we can even see kind of head and shoulder pattern also. Target, support and resistance is given in the chart.
This is just a view, is not a recommendation to trade. Comment your opinion.
Target 1 achieved in CoalIndia | 7.8% mover This idea is a follow-up to Coalindia
You can check the Link to Related Ideas ( Detailed analysis done on 18th July Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
Symmetric triangle breakout in Bharatforgh daily chart? Symmetric Triangle breakout in Bharat Forge in a daily chart frame
Which is also supported by volume. wait for the following candle, It should close above 720, then Stock can see bullish rally, stock has a pretension to reach 835-850 Level.
Stop-loss 678 Range.
This is just a view not a recommendation to trade, do your own analysis before taking any trade.
Share your opinion in the comment section, Happy Trading.
NSE:BHARATFORG
SBI LIFE Daily chart AnalysisPossible Symmetrical Pattern Breakout in Daily time frame of SBI LIFE. If price closes above 1150, we can expect upside rally of nearly 10% in coming days. Ideal stop loss would be 1100 with risk reward of 2.5
Do your own analysis before making any financial decision. NSE:SBILIFE