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Symmetrical Triangle

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
IndusInd Bank- A stock that can fly HIGHIndusind bank is making great chart patterns. One of them is already posted as symmetrical triangle where stock now has no area left to move so sooner or later it will breakout either way. Let me show something in monthly chart:- Above chart shows how beautifully this stock respects 20 SMA .Earlier when it was trading above 20 SMA it was always coming back to average itself and started new journey. and when it was trading below that it came back and fell again. Its been a while now that it is trading above 20 SMA and has been consolidating for several months. Another chart with Long term targets:- Hope this will help investors and traders in some way. Keep an eye ladies and gentleman. Fingers crossed. Happy Trading.
NSE:INDUSINDBKLong
by LearnersParadise
4
Hdfc ltd conditional trade...Hdfc Ltd spot cmp 2500 Time frame :- Daily Study : Elliot wave Wave 1 :- Wave 1 is first impulse wave of impulse phase,, in this case study first wave consist of 470 points in terms of points and 32% in terms of percentage,, first wave is generally of no confidence movement,, buyers still dont have confidence that the trend will change and the upside impulse move will start,, so it spends time in that reversal zone. Wave 2 :- wave 2 is first corrective wave of impulse phase, in this case study second wave consist of 325 points and have retraced around 78.6% of wave 1,, general rule as per theory is wave 2 retraces around 50 to 88.6% of wave 1,, the retracement of wave 2 is sharp in nature and are of very short period,, and wave 2 low can not be below the low point of the start of the impulse phase.. Wave 3 :- wave 3 is second impulse wave of impulse phase,, in this case study third wave consist of 1268 points in terms of points and 78% in terms of percentage,, 3rd wave is longest and strongest wave of impulse phase,, once price breaks out above high price of wave 1 traders jumps into the trade and wave 3 is extended wave of wave one,, it can extend from 1.618% to 3.618% of wave 1 in both terms of points and in terms of percentage,, in this case wave 3 have extended around 2.618% of wave 1 in terms of price and percentage.. wave 3 also consist of minor impulse phase which is shown as part wave of 1-2-3-4-5 of wave 3. Wave 4 :- wave 4 is second corrective wave of impulse phase, in this case study forth wave consist of 542 points and have retraced around 38.2% of wave 3,, general rule as per theory is wave 4 retraces around 23.6% to 50% of wave 3,, the retracement of wave is slow and in zig zag manner,, generally triangles and flats,, and are time consuming,, and wave 4 can not go below the peak levels of wave 1,, in this case study wave 4 is in form of symmetrical triangle,, descending triangle and on smaller time frame last leg have bullish wolf wave formation,, Wave 5 :- Wave 5 is third and final impulse wave of impulse phase, in this case study we are pre assuming the wave 4 have matured and wave 5 will unfold from this levels,, reason for the same is breakout from symmetrical triangle formation of wave 4 , breakout from wolf wave on smaller internal wave formed in wave 4,,bullish divergence in RSI indicator,, MACD on verge to give positive cross over and breakout from falling trend line,, this all are consideration for wave 5 to unfold,, now wave 5 are ephoric in nature, move are in form of parabolic steep and in rising wedge formation,, wave 5 are equivalent to wave one and are 61.8% of wave 3,, if we go as per this calculation wave 5 can end around 3110 to 3190,, as per price action breakout of symmetrical triangle gives same amount of move after breakout that will lead to 3110,, now as per wave 1 in terms of points wave 5 will be of 480 points than counter may head towards 2840 levels,, and as per % terms of wave 1 move of 32% would lead counter to levels of 3190,, which also coincides with 61.8% of wave 3,, Much more can be included in this but will not be able to do so,, Note :- personally holding this counter from 2400 levels.. Good bullish formation..
HLong
by RUDRA007