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Symmetrical Triangle

KIRLOSIND - Symmetrical Triangle Pattern - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:KIRLOSINDLong
by TradewithAditya
Symmetrical Triangle formation on Daily charts for KMCSHILKMCSHIL has a symmetrical triangle pattern formation on the daily chart. Stock has been consolidating from mid September. The RSI is not quite encouraging at 43, but seems has given a BO, While todays closing candle is just outside the triangle pattern. stock has form a a good base around 59-61 & held it well during past 1 weeks correction. Low risk : High reward candidate. Target can be 90 with an SL of below 59 on DCB. Disc: Invested, charts for education purpose only. Not a reco for buy/sell.
BSE:KMCSHIL
by amjai85
COASTCORP - Long1. 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. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. 2. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. 3. The stop-loss for the symmetrical triangle pattern is often just below the breakout point.
BSE:COASTCORPLong
by ex_cap
Adaniport Long Postionas we see a symmantric triangle patter in Daily & weekly Timeframe in Adaniports It took support @697 and started going up also close a green candel @ trendline so we decide it took support @ trendline @ 749 Level it face some resistane and started coming down....and now it take support @717 level it means Took support @ fibonacci's 50 level its good sign for uptrend. Should have to go up till last resistance 748/750 if brek 750 then our trendline tgt of 788 will be done which is 1.61 level of fobbonacci..
NSE:ADANIPORTSLong
by Prsadgdkr