BTC is forming a Symmetrical triangle which could lead BTC price to $46777.5 approx. I have published a idea of Rising wedge, if that's plays out then I believe this Symmetrical triangle will play out evantually.
The stock is about to breakout of the pattern and move up towards reaching the previous 52W high and if the trend continues it can cross 1400 levels. The trade can be initiated if the stock crosses and sustains 1070. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the...
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
EXPLANATION : 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...
EXPLANATION : 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...
EXPLANATION : 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...
EXPLANATION : 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...
Symmetric Triangle formation on 1hrs timeframe. It can give breakout or breakdown, but mostly breakout is what I speculate.
BOB has done breakout from the symmetrical triangle pattern. we can long this. targets are given the chart.
ITC is creating a Symmetrical triangle. it is also at very crucial level ie. 237 which wal acting as a resistance earlier but now acting as support for it. 200 days EMA is also near about 235. if ITC will break this pattern with high volume profile either side we can take position you can go long above 240 and for short enter below 235 increased volume profile is must.
A breakout from a symmetrical triangle pattern and we can see a retest of the resistance trendline. Looking good for a short-term trade for targets 800 and 865.
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CMP- 205 SL- 190 (closing basis) Target- 250-260 20/7/21 -Symmetrical triangle breakout and now retesting - Stock from 200 level gapped down massively in the past and now symmetrical triangle and gap breakout seen last week with VOL surge - More than 30% delivery were taken past week - Parameters positive -Above major EMA's on weekly and daily
EXPLANATION : This is a 15 min time frame chart of DRREDDY . It has formed Symmetrical Triangle Pattern , both side levels marked in chart . If you like this analysis of Stock give a Like // Follow for more updates , let me know in comments below :)
EXPLANATION : This is a 45 min time frame chart of TITAN . It has formed Symmetrical Triangle Pattern , both side levels marked in chart . If you like this analysis of Stock give a Like // Follow for more updates , let me know in comments below :)
Symmetrical triangle breakout trade with fix sl no trailing 1:2
Symmetrical triangle is a continuation pattern which if formed in uptrend or downtrend shows continuation of the trend. Gave a breakout and now it is in retest zone. ACCUMULATE only if it sustains or closes over the respective zone or wait for a green confirmation candle. Happy investing!
The stock is in an ascending parallel channel. Breakout from a Symmetrical Triangle. Volume Buildup. MACD Crossover