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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
1