Looking bullish, it broke a triangle few days back and got a pull back and has been consolidating above a resistance zone , entry 2808, stoploss 2677, first target 2990
Broke a long time weekly time frame , it was trading in a symmetrical triangular pattern as well , finally a good breakout today , entry 498, stop loss 478, can expect first target at 530
We can see a formation of a symmetrical triangle in the INDUSIND BANK 4 hours timeframe chart. This setup looks good to me, an entry above 1045 for targets of 1120 and 1240 with a stop loss of 962. Here the risk-reward ratio is 1:2.35 for the final target of 1240. Also, it is taking good support from the 200 EMA, which is a positive sign for the bullish...
It can become extremely bearish below 275.First target can be 265
Symmetrical Triangle Breakout #idea #breakout #
Stock good for short term investments, stay alert from fakeouts and look for a breakout with good momentum. DISCLAIMER - Analyse by yourself before investing. Do comment and suggest if corrections needed. HAPPY TRADING.
Price broke out from a symmetrical triangle pattern on a larger timeframe and now consolidating in another symmetrical triangle in a current timeframe. When price breaks out from the triangle and crosses the resistance we may go long
SUNTV is consolidating on the lower trendline of the symmetrical triangle. So there is a chance of price making a good bounce from here. If the consolidation breaks to the upside. We may go long in intraday.
NSE:ASHOKLEY Price bounced from a support zone and got into a consolidation in a symmetrical triangle. When price breaks to the upside we can go long.
A 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...
RELIANCE (W):-After a long period of consolidation, reliance finally broke through last year's resistance trendline, suggesting a target of 2900.
Expecting good upmove from current levels stoploss will be last 2 todays low on closing basis
REALTY/NIFTY50 ratio chart is on a cusp of 200DMA & Symmetrical triangle BO
Reliance spot cmp 2105 counter have formation of falling contracting wedge ,, where the breakout and retest is done,, currently counter is trading in symmetrical triangle formation,, break out of which would lead to good up move,, Rsi and MACD giving early indication with bullish divergence MAcd positive Crossover,, Good long criteria buildupp,,
∘ Symmetrical Triangle Pattern ∘ No Trading Zone marked in chart ∘ Trade with confirmations , Don't fall into the market trap
On hourly chart it's clearly visible a symmetrical triangle formation in BANKNIFTY spot price. Closing above 36800 on hourly basis may bring the range 37000-37300 plus by next weekly expiry on 02/09/2021. Stop loss will be 35500 on hourly closing basis. Due to high volatility and relative weakness in banknifty one must be proactive and alert while initiating fresh...
Volatile start for the week! Gap up- downward trend in the first half - closing in positive. Currently, we can see a symmetrical triangle and breakout/down can happen, with the immediate range of 16587 and 16373. 21 and 55ema are also closing in. Option buyers should stick to buying ATM strikes and should maintain tight SL