Symmetrical Triangle
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
Finolex cables case studyFinolex Cable spot CMP : 455
Study :- Price action + chart patterns + Elliot wave
Time Frame :- Daily
There is Rising channel formation, currently price is around the demand line of long term structure, on smaller range of time frame there is formation of symmetrical triangle formation, which have demand line around current levels. so there are 2 structure formation as per chart patterns and both have demand levels around current levels. confluence of demand levels gives more confirmation of reversal.
Counter have demand zone as per price action, which can be considered as a retest of previous break out levels, demand zone is marked on the chart which almost confluence with the demand levels of chart pattern structure.
Elliot wave formation :- counter at present look to be in corrective wave 4 of impulse phase and is about to mature, if major wave 4 matures and major wave 5 unfolds for the demand zone reversal can be seen and much higher level possible as per calculation of major wave 5 maturity.
TARGRT ACHIEVED @ NestleToday after the days closing NESTLE got me a profit of $5.87 in Paper Trading though, but I believe this won’t stop until I get 3% returns. I got a very nice trade which was predicted by me days ago.
You can see that in my ideas…
NSE:NESTLEIND
HDFC AMC case studyHarmonic pattern formation
Chart pattern formation :- double bottom, symmetrical triangle formation
divergence on rsi..
Waiting for price action confirmation
lets see whats in store,,
learning is best thing to do in life... we all are students of market, dont skip learning
Making Symmetrical Triangle PatternRain Industries making symmetrical triangle pattern in weekly time frame.
Symmetrical Triangle @ JSW STEEL LTDI spotted a symmetrical triangle in 1 hr timeframe @ JSWSTEEL. The Lower Hoghs and Higher Lows indicates a perfect Symmetry Triangle. Tommorow if it opens with a gap up or a breakout it would be a great Longing opportunity or vica versa…
NSE:JSWSTEEL
1:2 in Indigo after triangle breakout on Daily chartsA symmetrical Triangle breakout in Indigo after a good consolidation. I have represented the trade with a possible 1:2 on the long side.
Kindly note that this is not a recommendation but only for knowledge purpose. If you trade, its your responsibility to manage it.
BTC will reach 90K$ or will Retrace to 50K$ ?BTC has been trading inside a symmetrical triangle for the last few weeks. If it breaks upside, 90K$ will be the target as per the Flag and Pole pattern. However, If it breaks the downside, a retracement up to 50K is expected.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
BTCUSD Symmetrical Triangle 4HBTC formed a symmetrical triangle on 4H timeframe and currently it's retesting the support. On chart I have drawn some levels and have given the appropriate heading, so I thing it's very clear what I'm saying.
Target - approx. 68k
I have another idea on 1H timeframe.
Bitcoin's Symmetrical TriangleBitcoin is forming a symmetrical triangle on the 4H. As can be seen it bounced perfectly during the dump and I might be looking for a long opportunity somewhere in the green area. If we bounce of course, if not, it may offer a opportunity to short but I'll pass that one probably.
If we break up the technical target is around 68K, if we break down the technical target is at around 53K (which I don't hope for but wouldn't be something extraordinary)
Bear in mind that we haven't had a real correction ever since the 40K level of september ;)
Let me know what you think
BAJAJ AUTO LongNSE:BAJAJ_AUTO
at support and in up trend
results are good
note: im not sebi registered guy
Triangle pattern in BankNifty - Support at 50 EMAKindly note, this is only for educational purpose. If you decide to take a trade based on this analysis, kindly be responsible yourself or take advice from professionals.
BANKNIFTY is trading in a narrow range and forming a triangle pattern which usually breaks out on the higher side. If that happens, it will easily kick 500 points.
Keep an eye
RBL BankPostive Results for Sep 2021 , broke Symmetrical Triangle on upper side , 200 MA , Can go for long
VguardYet to announce the results, now trading around 200 MA ,good price to buy , Can go for long , if the results come good , it may jump ..
BOMDYEINGGo For Long - if it Crosses above 97 , broke the symmetrical triangle on downside , now trying cross back after nifty correction
Banknifty analysis - logic and planEXPLANATION : This is a 15 min time frame chart of BANKNIFTY . It has been in a consolidate for days and has formed Symmetrical triangle pattern . If give a strong breakout and broke its trendline with volumes and has retested the same. I am bullish on BANKNIFTY . If give a strong breakdown and broke its trendline with volumes and has retested the same , I am bearish on BANKNIFTY . Enter as per your setup .
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend .
If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
ADANI ENT LONGsymmetrical triangle Pattern formed and break out also given Near 1656 ( Dicsount buy at current Levels 1543) tgt= 1880 sl=1405 closing basis, Please do your own analysis also before taking any trade / or consult your SEBI registered advisor.
HDFC AMC case studyHDFC AMC spot CMP :- 2780
Study :- Elliot wave + Chart Patter + Price Action
Time Frame :- Weekly
Symmetrical Triangle structure formation on weekly time frame, with demand line around current levels.
Demand zone as per price action, retest of previous breakout levels, basing formation.
Elliot wave :- Counter is trading in minor intermediate wave iii of major wave 3, current price levels have confluence demand levels as per price action and chart pattern. continuation of intermediate wave iii can be seen from current levels.
