Symmetrical Triangle
Bitcoin Break symmetrical triangle upside, ready to go 50k soonWelcome to this quick update.
Technical Analysis ,
BTCUSDT bounced from its daily support level . As said pervious chart , there's a high Liquidity area between $30,000 - $31,000. Price just took out $34,000 area. Currently, price might retest resistance area of $35,150 - $35,800 and seems like breakout and enter the symmetrical triangle again, you can called its fake breakdown or bear trapped here. now bull is full control with good volume .
Break and close above this area will lead to a mini alts rally. There's also some bullish news, which not giving much impact because market sentiment is still bearish by which FUDs are having much higher impact . Keeping in mind the current fear in the market We can get surprised too. Let’s wait and watch.
Break and close above the 43k level could trigger a momentum for another bullish rally. Too soon to say anything though.
SO IN A NUTSHELL : Close below 30k level bearish
Close above 43k level Bullish
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Possible UP move with Good RR ratio !Dear traders, as you can clearly see that canfinhome is making a symmetrical triangle pattern. But main thing we should notice here is that the support line is more strong as it has tested more no. of times than the resistance line. Also look at volume bars, During red days the volume is generally low as compared to big green volume bars on green days. Buyers are little bit stronger here in my opinion. Although Symmetrical triangle can give breakout on both sides but in my opinion if market supports this analysis ,it can be a good buy as risk to reward ratio is best here, Risk being very minimum. Note that this analysis was done by me only for educational purpose, Feel free to share your views/feedbacks.
NCC - Symmetrical Triangle breakout + Inverted H&S + MACD crossOn a daily timeframe , i observed that it has given symmetrical triangle breakout and also formed inverted Head & Shoulder pattern.
Also i could see MACD crossover .
So in the coming days i expect that it may retest the trendline and move further upside.
*This is only for educational purpose.. do your own analysis before making any investment..
CDSL Big BreakoutHere in this chart analysis, we'll get to catch a swing trade of approximate 13-14 % in CDSL.
In chart you can see a very clear pattern of FLAG&POLE. And 15 min chart is also showing a dynamic support of EMA 200. HERE the shape of FLAGE is symmetrical triangle. CDSL is about to give a breakout through the upper resistance of the FLAG . What should you suppose to do in this situation is ,,,,,,, wait and watch for the break breakout. Thereafter you just buy CDSL and wait for a handsome profit of 13-14 %
ALL THE BEST
HAVE A GOOD PROFIT AHEAD
DISCLAIMER :- This analysis is for educational purpose only. Don't take it granted as buy/sell recommendation.
POWERGRID - Pre market Analysis 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
Trade Review - LalPath labsThe analysis posted on 31 :) RR of more than 1:1 achieved :)
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
#JSL Jindal Stainless, pennant pattern#JSL has given breakout from the upper trend line of the symmetrical triangle on Daily chart.
Good Volume.
Consolidation formed a pennant pattern and now BO.
Has already formed rounding bottom on Long Charts weekly/monthly
Near Term Target 110+
Potential Target 130+
SL- prev day low.
Note: not SEBI Registered. Nor any Recommendation. do your due diligence before taking trade.
Breakout + Retest ( Best Opportunity !! )After rally of Asian Paints and Berger Paints , it may be possible that Nerolac paints could show good momentum. It's PE is around 60 and sector PE is around 90.
Now let's talk about technicals :- Stock has been forming symmetrical triangle pattern and now it has given a good breakout . Stock is now retesting the resistance line. If retest is successful , we can see a good up-move.
This is my analysis, done only for educational purpose only, feel free to share your views/feedback.