Symmetrical Triangle
Ascending Triangle Forming : Apollo HospitalsNSE:APOLLOHOSP
Apollo Hospital is forming one of the common Technical patterns in its Chart on a daily time frame.
The technical pattern here we are talking about is Ascending Triangle.
More about Ascending Triangle:
It is formed by two lines converging towards each other, one of the lines will be a trendline heading upward and another line is a horizontal line.
The higher low of Stock forms the Trend line and the Highs of the stock form a Horizontal line.
This provides a great trading plan as it gives you an Entry point, Exit Point, and even the confirmation on taking the trade with the help of volumes.
If the price breaks the horizontal line one can go long on the trade and if it breaks the Trend line then one can go short.
Possible trend breakout in Lumax IndustriesObserved possible symmetrical triangle breakout in Lumax Industries. Previously stock was facing resistance multiple times at the trend line. Now we can see the price is moving above this trend line. We can also see increased volume at this point. We can enter the trade if the price closes above 1525. All possible targets are mentioned on the chart.
Trade set-up
1) Take position if price closes above 1525 in weekly chart.
2) Possible targets are 1723,2166,2580.
3) Stop-loss can be placed at 1070.
This is not a recommendation. Do your own analysis before investing.
Symmetric Triangle Breakout in United Breweries In a daily Chart, already there was a symmetric triangle breakout. Probable target is given in the chart as per pattern. If it is coming for retest then 1600 should be major support next support will be 1550. These are the good level for entry, keeping stop loss below breakout candle's low that is 1490. Which is good risk reward ratio.
As per the current market situation, is better take trade in Future and option Segment with proper risk reward and hedging.
For cash Market enter with minimum capital based on risk apatite as we can't keep over night stop-loss.
This is just a view not recommendation to trade, do your own analysis before doing any trade.
NSE:UBL
Probable upmove coming in IDEAIt is clear from the chart that IDEA has already made a symmetrical triangle pattern
And broke that with a strong bullish candle (Proving strength)
Now it made Flag & Pole pattern.
Which indicates a swing trading opportunity upto 9.35 - 9.50 level. (On the tine of publishing idea LTP was 8.8).
SL 8.20 is a must.
And also the stock is at strong support on weekly timeframe
Target 1 achieved in Adanient | 5% MoverThis idea is a follow-up to adanient
You can check the Link to Related Ideas.
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.
Coforge | Short Term Buy | Symmetrical triangle | IT StockCoforge has been consolidating in a range from 4800 to 5800 from sometime and it formed a symmetrical triangle.
1. Buy only above 5625
2. Stop loss - 4800
3. Target 1 - 6,400
4. Target 2 - 6,800
Disclaimer : I am not a SEBI registered and this is just my analysis and sharing for education only. Do trade or invest at your own risk. I am not responsible for any profits/losses. I would suggest do your own research/consider your financial advisor before any trade/investment decision.
Target 1 achieved in JUBLFOOD | 4.3% mover This idea is a follow-up to JUBLFOOD
You can check the Link to Related Ideas ( Symmetrical Triangle Bo explained with 2 Targets in which 1 is achieved )
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
Symmetrical Triangle Symmetrical Triangle in us100 on 2 hour time frame if breakout fromnsupply zone upside moment possible either side moment is possible....