Two methods to project the Targets while trading based on SYMMETRIC TRIANGLE PATTERN
HINDPETRO Analysis on Weekly Timeframe!
Symmetric Triangle formation in HINDPETRO on Weekly Timeframe
Symmetric Triangle Resistance Trendline Breakout
HINDPETRO has made symmetric Triangle pattern on Weekly Timeframe. HINDPETRO is forming Symmetric Triangle Pattern about 6...
Celebrity Fashions Penny stock Bullish Symmetrical for long term
can look for tp of 58-60
Good risk reward ration
Disclaimer : only for educational and learning purpose
Archean Chemical Industries Ltd
1) Time Frame - Weekly.
2) The Stock has been in a downtrend / consolidation since (February, 2023). Now It has given a downtrend / consolidation breakout & Closed at it's All Time High with good bullish momentum in Weekly Time Frame.
3) The stock will find it's next resistance around the price 860 (9%) from the price 789.95.
4)...
BBTC is a very volatile stock which has shown many SL hunting moves in past.
The stock has given weekly breakout from symmetrical triangle and is looking good for big targets.
Levels are mentioned on chart. Trading in this stock has more risk than usual.
Idea shared only for educational purposes.
📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 61.
📈 There is Formation of Symmetrical Triangle breakout soon.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 483
🟢 Target 🎯🏆 - 532
⚠️ Stoploss...
Chart analysis:
Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening.
Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio .
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 1400 price break candle.
Stop loss: Below 1320.
Target 1: ...
This stock create a Symmetrical Triangle Pattern . So it will break upper side also lower side.
In lower side our holding Stop loss will be at our support area 251-252.
Above 262.90 it will be bullish .
Now 262.90 is our resistance.
Todays move:
After a down move price take retrace at the trend line and make a good up move for intraday.
VEDATNTA...
