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Symmetrical Triangle

Tata Chemicals - Symmetrical Triangle Breakout A symmetrical triangle is a consolidation pattern. It is often referred to as a Coil Pattern. Here each price fluctuation is smaller than its predecessor. Lower Highs & Higher Lows. The process of contraction or coiling also has an effect on the volume. Imagine a coil spring, the more you keep pressing down the coil spring , it keeps going down but once the force is released the coil spring moves violently. This is exactly the same happening here in a symmetrical triangle. CMP 1058 Can Head Towards 1150+
NSE:TATACHEMLong
by archittaori1471
ACCELYA may reverse it's downtrend.ACCELYA Solutions Ltd. A small cap IT company catering to Airlines & Tourism Industry. Toady it came up up with good quarterly results. Stock has been in a short-term downtrend. Now price has reached it's weekly support trendline. Also if we go back to MAY-JUNE 2021, we can see huge volume around this price. In daily time frame stock has formed a pattern similar to double bottom. On hourly chart symmetrical triangle has formed and price is inching towards narrower range. On 15 minute chart in the last trading session, we have seen a buying with volume. Considering all these factors, I believe that smart money is interested in this stock around this level. Long term investors and swing traders can keep this chart on radar.
NSE:ACCELYALong
by sumedhb100
Symmetric Triangle PatternROUTE MOBILES. Symmetric Triangle Pattern Formation with +VE Breakout Took Placeat CMPThe symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time. Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
NSE:ROUTELong
by sumangalroofings
1
TATA MOTORSTata motors triangle pattern getting developed. if broken above then expecting a bullish move. chart for educational purpose only, take position only after confirming from your side. Tata motors triangle pattern getting developed. if broken above then expecting a bullish move. chart for educational purpose only, take position only after confirming from your side.Tata motors triangle pattern getting developed. if broken above then expecting a bullish move. chart for educational purpose only, take position only after confirming from your side.
NSE:TATAMOTORS
by rzwn07
Cup and Handle breakout in DeepakfertIn a daily chart there is already cup and handle breakout on 13 jan 2022 at 480 and target was 920 after the breakout Stock was going in a sideways and formed symmetric triangle pattern. So Recently there is a breakout in symmetric triangle supporting uptrend. After the breakout it achieved 2 target(Previous Swing High) and on 13th April is broke its all time high 660 and formed new high 676 which is again supporting symmetric triangle breakout target 761. In future it may reach its Cup and handle pattern target 920. From the breakout (@480) it already achieved 44.5% Price target. Enter from here should be very cautious. Based on your risk capacity and own analysis invest in this stock and Very important its purely technical call not a fundamental call because company is having 92.8% pledge, however FII share holding increased and company is showing better performance in last quarter. So consider fundamentals also for this stock.
NSE:DEEPAKFERTLong
by KaravaliTradingZone_Official
Symmetrical Triangle on NTPCWhich way it will break? After a long uptrend price is consolidating making lower highs and higher lows, which shows that buyers and sellers are neutral and are not able to make a decision. Its been six months since the consolidation started, we know that consolidation which takes time gives strong breakout. Lets see which side it chooses to move, as it is above 200 EMA i am thinking it will move upwards, what do you think comment down below.
NSE:NTPC
by anuragsahu614
2