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Symmetrical Triangle

Levels for - 05 Oct 2021EXPLANATION : This is a 30 min time frame chart of RELIANCE . It has formed Bullish flag breakout & has been in a sideways for day and formed Symmetrical triangle pattern ; 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 . Both side levels marked in chart If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:RELIANCE
by pranav_nanavare
2
Levels for - 05 Oct 2021EXPLANATION : This is a 15 min time frame chart of NIFTY . It has been in a sideways for day and formed Symmetrical triangle pattern ; 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 . Both side levels marked in chart . for downside target will be pending small gap . If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:NIFTY
by pranav_nanavare
Levels for - 04 Oct 2021EXPLANATION : This is a 1 hour time frame chart of ITC , It has formed Symmetrical triangle pattern ; 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 . Both side levels marked in chart. If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:ITC
by pranav_nanavare
Levels for - 04 Oct 2021EXPLANATION : This is a 15 min time frame chart of BAJFINANACE , It has formed Symmetrical triangle pattern ; 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. Both side levels marked in chart. If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:BAJFINANCE
by pranav_nanavare
ADANIENT : Swing trading opportunity!NSE:ADANIENT has given a breakout of symmetrical triangle pattern and currently retraced to its breakout level. The stock has also taken confluence of support from previous resistance level and Fibonacci 50% retracement level. The stock looks good at CMP with minimal stop loss and maximum reward. This is a little risky bet but looks good to me. If you notice the stock has also formed kind of W pattern. DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
NSE:ADANIENTLong
by TheAspiringTrader
BSE Ltd : Swing Opportunity with good Risk Reward setup NSE:BSE look good to long at CMP. The stock after a good breakout from symmetrical triangle , has now retraced to the breakout level. Volume on the downside are very minimal as mentioned in the chart which implies there is no bearish pressure. The stock most probably will rally from here however the overall market should support. DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
NSE:BSELong
by TheAspiringTrader
CAMS : Perfect Risk Reward Swing Setup!NSE:CAMS has broken out of symmetrical triangle pattern / cup and handle pattern with good volume. The stock has now retraced to the breakout level and looks good for further upside with minimal Risk and good Reward. One can enter at the current market price as the stock looks good in the short term. DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
NSE:CAMSLong
by TheAspiringTrader