Niftyyou can see clearly this formation on 5 min time frame and deploy the trade according to your risk appitite
Symmetrical Triangle
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..
wipro forming continuation pattern showing uptrend continuation forming HL HL and symmetric pattern
buy if close above 702 target 710,712
stop loss 692
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Symmetrical Triangle pattern Stock has formed the symmetrical triangle pattern on weekly chart. This is a continuation pattern. We can expect an upmove on break-out
Symmetrical Triangle in LRCUSDT* LRC in Daily time frame forms a Symmetrical triangle pattern.
* Symmetrical triangle occurs when the price consolidates between two parallel trendlines slightly sloping towards each other. The price is squeezed until it breaks the pattern.
* Symmetrical triangle is considered to be either trend continuation or trend reversal pattern depending on the pattern breakout.
* Above resistance LRC is bullish.
Symmetrical Triangle pattern Stock is in the midst of concluding a symmetrical triangle pattern. More often it is a continuation pattern. We expect positive breakout as the pattern has emerged during the long uptrend. RSI on daily and monthly chart provides scope of uptrend. So stock won't turn overbought on breakout
CDSL - All Time High Breakout1. Symmetric triangle formed.
2. Breakout of Symm triangle.
3. Retested the breakout
4. Price broke previous All time high with support of great volumes
**Great opportunity for swing trade with support of technicals validating at every stage.
** CDSL is monopoly until NSDL comes for IPO.
** Provided with the present Bull Run & IPO season the revenue will be all time high for CDSL..
WIPRO - Ready for take off ?WIPRO today has closed on 646.90. entry was 647 which should be good as it has sustained a support above the triangle, would recommend to wait for one more candle for up move, if it closes above 647 tomorrow it should uptrend later.
looks like a doji candle creation to me hence its better to wait for one more candle before entering.
Infosys - symmetrical triangle - near to breakFSP
Infosys is for long time has been accumulating within the range of 1848 and 1649
If it bounces from 1699 and gives a break above then we will be able to see a huge uptrend.
Till, Then wait and watch.
LT FOODS - DAAWAT - Breakout1. Formed 2 Rounding patterns
2. After that stock rallied for 40%.
3. Price retraced to previous breakout zone forming Symmetric triangle.
4. Breakout from triangle pattern
5. Price may retest by retracing to breakout zone ( 68-70) and then resume the rally to Rs.90/-
GALLANTT - POSSIBLE BREAKOUTPrice forming symmetric triangle pattern on weekly time frame. Any breakout would provide long trade with good R:R.
symmetric triangleTCS forming an symmetric triangle, next move is not predictable but breaking trendline. opportunity for short or long create
Nahar Poly Films TriangleWatch out for breakout in Nahar Poly Films from a triangle pattern.
CMP: 260
Target: 300-310
Stop Loss: 230
Symmetrical Triangle in the making Infy price movement is in the process of achieving symmetrical triangle pattern which is considered as the continuation pattern. Infy on a different time frame viz monthly chart is still overbought. Infy has been moving sideways. Thus, breakout of symmetrical triangle pattern may lead to continuation
Reliance Industries Symmetric Triangle BreakoutFor educational purposes. Please make your investment decisions wisely.
[Educational] Building Your Weekly Price Action WatchlistThis post helps you to understand how you can project any pattern formation in earlier stage. Also, It helps you to build your perfect weekly watchlist.
Create Your Price Action Weekly Watchlist in Following Sections:
1) Early Stage Price Action(Waiting Phase)
2) Mid-Stage Price Action(Reversal Entry Phase)
3) Final Price Action(Breakout/Breakdown Entry Phase)
Just spend few hours of your weekend and you don't required any screener to find perfect entry stock. You can build this watchlist according to your trading style.
Timeframe to be consider:
Intraday Positions: 5 Min, 15 Min, 1 Hour
Short Term Positions: 1 Hour, 1 Day, 1 Week
Long Term Positions: 1 Week, 1 Month
RIIL under a Symmetrical TriangleAs seen in the chart, RIIL is trading under a Symmetrical Triangle in the weekly time frame. Any of the two -> break out above the upper trendline or break down below the lower trend line should be considered for further direction of the price. Do Note: Break out or Break down will be considered as close price of a weekly candle.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
BURGER KINGburger king is consolidating in a symmetrical triangle pattern, we can see a good breakout in this share in upcoming days for the target of 123, 250, 300.
we can imitate buying in this share at this place because of trendline support and range support. stop loss is 140 thanks
TVTODAY | TRIANGLE BREAKOUTTVTODAY gave symmetric Triangle Breakout!
Enter above 302
Targets for short term:-
T1: 332.95
T2: 339.75
T3: 349.50
Targets for long term:-
T4: 380.65
T5: 387.45
T6: 397.20
NSE:TVTODAY
NIFTY METAL INDEX case studyMetal index nearing to support zone
time to exit short position from metal stocks
and focus on going long around demand zones
parallel channel demand zone
symmetrical triangle support
horizontal demand zone
let see whats in store..
keep learning, dont depend on others
