Nifty and Nifty futures Symmetrical Triangle and Anchored vwapI daily make market analysis videos and posts on Financial markets
Nifty Fut with Anchored vwap chart :
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Symmetrical Triangle
UNITED SPIRITS - Short-term bullish UNITED SPIRITS - Short-term bullish
1. Symmetrical Triangle pattern breaksout.
2. Next target will be 827.
3. It's short-term for the swing traders.
Note:
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2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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Bank nifty 15 min Analysis Bank nifty 15 min Analysis
After the continues down trend, now the momentum is paused and forming a symmetric triangle pattern in bank nifty. Have to see whether we can see breakout or breakdown, Support and targets are given in the chart.
Give your opinion in the comment section.
Note: This view just for education purpose not a suggestion to trade.
TATACONSUM 15min TF INTRADAY Bullish See the chart of Tata Consumer Products in 15min time frame. The chart forming a symmetrical triangle pattern.
Today 16Jun2022, the global indices are in green as it reflecting in Indian markets. So there is more possible chance of Bullish . We can trade LONG in INTRADAY if it breaksout the upper trendline.
hdfcIt looks bullish and can move upside
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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+