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Symmetrical Triangle

RELIANCE SYMMETRICAL TRIANGLE FORMATIONA symmetrical triangle occurs when the up and down movements of an assets price are confined to a smaller and smaller area over time. A move up isn't quite as high as the last move up, and a move down doesn't quite reach as low as the last move down. The price moves are creating lower swing highs and lower swing lows. Connecting the swing highs with a trendline and the swing lows with a trendline create a symmetric triangle where the two trendlines are moving towards each other. A triangle can be drawn once two swing highs and two swing lows can be connected with a trendline. Since the price may move up and down in a triangle pattern several times, traders often wait for the price to form three swing highs or lows before drawing the trendlines. Applied in the real-world, most triangles can be drawn in slightly different ways. For example, figure one shows a number of ways various traders may have drawn a triangle pattern on this particular one-minute chart. The breakout strategy is to buy when the price of an asset moves above the upper trendline of a triangle, or short sell (sell the asset before it hits a lower price, intending to buy it back even lower) when the price of an asset drops below the lower trendline of the triangle. LEVELS MENTIONED ON CHART FOR THIS TRADE.
NSE:RELIANCE
by DalalStreetTrader
12
Symmetrical Triangle Pattern With Full Tutorial 1. This is basically a Symmetrical Triangle Pattern. Where Resistance & Support Line tends to cross near future, which is also known as APEX point. Breakout can happen both the side e.g. ups and down. In this chart is it in upside breakout. 2. We've to measure the distance of price range. Which is between Resistance & Support Line, when pattern was developed and now that range paste on the breakout side for measure Profit Target. 3. That price range has been paste in this area now 721.60 is the initial profit target for this Symmetrical Triangle Pattern.
NSE:CANFINHOMEEducation
by marketaffairs
3MINDIA RETESTING SYMMETRICAL TL BO3MINDIA is now at the urge of retesting the recent breakout from symmetrical triangle pattern at weekly timeframe 1.) Frist retest point is near 200MA 2.) Supported by RSI 3.) Volume expansion Execute the trade onle if you see some good sign of bullishness at time of retesting TARGETS ARE ALREADY MENTIONED IN THE CHART KEEP STOPLOSS ACCORDING TO RISKPROFILE ASK YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE THIS IDEA IS PURELY FOR EDUCATIONAL PURPOSE
NSE:3MINDIALong
by himanxu_yadav
HAPPIEST MINDS - SYMMETRICAL TRIANGLE PATTERNHappiest Minds stock formed Symmetrical Triangle Pattern which is a neutral pattern where the stock can be bullish or bearish. So, we can expect the stock may go long or short. Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable). Chances for Long is high and short is low in my opinion. I am learning as well. so please analyse the chart by yourselves before taking any decisions. Criticism always welcome. Appreciation as well. Thank you.
NSE:HAPPSTMNDS
by Purush_cad
2