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Symmetrical Triangle

Kotak Bank (symmetrical triangle pattern) LONGAs you all can see there is a symmetrical triangle pattern forming in Kotak bank which can lead to a break out on either side but as you can see that 1626 recently acted as a strong support and it has taken support on the trend lines down side 4 times and upside trend line it has acted as restitance 4 times , so if it break above 1730 we can see a strong breakout in Kotak Bank in august expiry , else if it acts as resistance again it will retest the support of the trendlines again , so keeping stop loss as 1625 and first target as 1730 and if it breaks we can again test the ATH ;). Hope it was helpful for some of you :) Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. This is completely for educational purpose
NSE:KOTAKBANKLong
by krishnakrizz07
3
Nifty auto spot good long candidateNifty auto spot cmp 10000. Study :- Time Cycle, Wolf wave, Harmonic , Chart Pattern. Time Frame :- Daily. Time Cycle :- Bottom to bottom cycle of 74 TD indicate index is making bottom at interval of 74 TD and at the moment index is at 74 TD so if this cycle is matured and the next cycle unfolds we may see a change in trend from now onwards as per this cyclic nature,,, as per peak to peak cycle index might see upmove till first week of october.. Wolf wave :- At the moment index is trading in 5th wave of wolf wave formtation,, if wave 5 mature around this levels and reversal is seen in index from current levels,, than new bull run can be seen in this index and may give out performance now onwards,,, Hidden bullish divergence in RSI indicator gives support for reversal in trend,, Harmonic study :- Deep crab formation is observed as per retracement of last 2 swing ,, this can be pre assumption for the harmonic pattern ,, but if index manage to reverse from this levels , than would lead to formation of deep crab which have maturity point at much higher levels.. Chart Pattern :- Symmetrical triangle pattern,, index is trading around demand zone of triangle formation,, with divergence in indicators,, if managed to sustain above the demand line can give good reversal from current levels,, main trend can only be predicted once index gives breakout on either side of the triangel formation.. Good bullish formation observed in this index,, can start a fresh bull run....
NSE:CNXAUTOLong
by RUDRA007
2
Cup forming on Kotak bank Chart Analysis:- On hourly TF of Kotak Bank we can see that Stock is making two patterns – Symmetrical Triangle and Cup - where Triangle is already formed but cup is yet to be form. As we know symmetrical triangle is bullish pattern and cup is forming so after a triangle breakout with a good volume we’ll see our expected targets and we can also take a help of indicators to confirmation of trade. • RSI is at 55 levels and also taking support on trendline. • On DMI DI+ line is crossing DI- line and approaching upward ADX line is below 20 which shows low momentum in stock right now but it will also support after Triangle breakout. • Bollinger bands is also giving Bullish signal stock is taking support on 20 EMA line. Entry point- 1756 - 1760 Targets • 1770 • 1783 • 1809 Stoploss – • 1727 Disclaimer - I am not SEBI registered analyst and I can be 100% wrong so do your own due diligence and consult with your financial advisor before investing.
NSE:KOTAKBANKLong
by sakshamjais1
TATAPOWER Symmetrical Triangle Formation The Symmetrical Triangle Chart Pattern indicates an ongoing period of price consolidation before the prices breakout. A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle’s formation must be bullish. On the other hand, A bearish symmetrical triangle is a bearish continuation chart pattern, the movement preceding the triangle’s formation must be bearish. The symmetrical triangle pattern is different from a descending or ascending triangle pattern as both triangles’ lower and upper trend lines slope towards the center point. A horizontal upper trendline is formed in ascending triangles that predict a higher breakout. With a descending triangle, a horizontal lower trendline is formed that predicts a lower breakout. Please like the post.
NSE:TATAPOWER
by Reno2712
Formation of Symmetrical Triangle Pattern in BRITANNIAIn BRITANNIA, We seen a fine symmetrical triangle pattern formation. Currently it's forming its 3rd wave of this pattern. Expected it will complete its final wave in first week of august month. 1) Current Stage Position(Long Trade): Currently this trading near support level and expected it will take this support and take reversal towards the resistance trend line and form its 3rd wave. Expected this process take 10-15 days. So we can take long position at this level with stop loss below the support trend line and target is resistance trend line. According to pattern projected initial target in between 3620-3630. 2) Near Resistance Position(Long/Short Trade): Once BRITANNIA complete its 3rd wave there will be 2 possible trading situation occurs. First one is for long position after breakout and another is short if reversal. According to previous trend more chances it will give reversal from It's resistance level so we can take short position on reversal with stop loss above resistance trend line for target of support line. If this reversal happened more chances it will give breakdown of support trend line also and go for further target downside of 2950-. On a same level We can't ignore breakout situation. In same time period there have earning release of BRITANNIA so this fundamental trigger also impact on the behaviour of stock near its resistance level. Thank You, TradZoo Team
NSE:BRITANNIA
by TradZoo
1