Tata Power Ltd .. Expecting Breakout Tata Power Expecting Sharp Breakout Chance is very high to go around 112 around ....@cnbc_Awaaz , @livemint @@ReutersIndia
@safalniveshak @BMEquityDesk @@NeerajCNBC
Symmetrical Triangle
SYMMETRICAL TRIANGLE!Stock good for short term investments, look for a breakout and take the position.
DISCLAIMER - Analyse by yourself before investing.
Do comment and suggest if corrections needed.
HAPPY TRADING.
MARUTI - Logic and plan in detail 🌟 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 🌟
✺ LOGIC ✺
✣A pattern above Monthly support = Good to go Stock for long but What about entry?
✣Pink Trendlines: Symmetrical Triangel supportive and resistive equally
✣Blue trendline: Use to be an Amazing Support now a resistance ( Strong one )
✣Yellow trendlines: Parallel channel
✺Plan
✣Let it Breakout all the trendlines mentioned in the Logic section then go for a long as I would have done that according to my RR ratio
✣Above 7500 the stock might touch 8000 again and might even go higher
✣Risk: Stoploss can be either BO candles low or if you have patience then you can go for the swing low that is - 6800 ( might be 10% from your buying spot, but the reward will be = 10% to 12% at 8000 to 8200 supply zones )
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🔰 {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.
<<<<<>>>>>
How to Do Swing trading in DRREDDY ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺
Chart Type: Self Explanatory
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ 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 :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
📚Trading Lesson. Triangle Types & How to Read Them📚
Triangle is a classic price action pattern that is applied by technical analysts to make predictions trading different financial markets.
Depending on the shape of the triangle, there are three main variations of this pattern.
Its meaning changes dramatically from one to another so it is crucially important for you to know the difference.
👉 The symmetrical triangle is determined by two contracting trend lines.
The pattern is considered to be indecisive meaning that while the market is stuck within, the directional bias is unknown.
Only the breakout of a boundary of a triangle clarifies the future direction.
👉 In contrast, the ascending triangle (also called a bullish accumulation) is a classic example of a bullish biased pattern.
With a horizontal trend line serving as resistance and a rising trend line service as support, the market is accumulating volumes for a bullish breakout.
Once the horizontal resistance is broken, bullish continuation follows.
👉 The descending triangle is a bearish biased pattern. Also called a bearish accumulation, the pattern indicates the preparation of the market participants to set a new low after consolidation and contraction within a triangle.
Once the horizontal support is broken, bearish continuation follows.
🔔Please, support this educational post with a lovely comment and like.
Also, subscribe to our page for more educational posts & signals.🔔
KOTAKBANK- SYMMETRICAL TRIANGLE BREAKOUTKOTAKBANK EXPECTING A BEARISH MOVEMENT SINCE IT HAS BREAKEDOUT TRIANGLE PATTERN AND WAS CONSOLIDATING IN THE ZONE FOR SOME DAYS.
EXPECTING UPTO 61.8% CORRECTION FROM ITS PREVIOUS HIGH.
DOLAT : Multi Year Breakout PotentialBullish Mode on :
Dolat cmp 74.20,
Target 1: 83.55,
Target 2 : 118.35++++,
Stop Loss : 60 ( One Day Close Base)
Time Frame : 5 Months approximately as per Technical Analysis Principles
Key Points:
(1) Weekly Rounding Bottom patterns already formed and neckline is being broken,
(2) CMP is on above all Resistance trend lines,
(3) Selling Volumes absorbs and price closes above all selling big volumes on daily basis,
(4) Fundamentally Heavy Strong,
(5) Multi Year breakout potential, Symmetrical triangle above price is sustaining...ON Monthly, Weekly, Daily Basis ...
Disclaimer : Risk is yours and Reward is too yours totally, I am presenting here my investment idea on basis of educational purpose only.
Infibeam avenues - Symmetric triangle pattern Hi guys pls check this chart it looks like after a good move infibeam is contraction phase breaking this chart pattern can give us a good move .
BHARTI AIRTEL Ltd DATE: 17/06/2021.
MY FAVOURITE BHARTI AIRTEL IS FORMING A TRIANGULAR PATTERN ,FOCUS ON THIS STOCK AND ADD THIS TO YOUR WATCH LIST.
IF ONCE BREAKS I'LL UPDATE YOU,SO FOLLOW ME
CADILA HEALTHCARE ANALYSISHello Everyone
As per hourly Chart pattern cadila has been trading in symmetrical tringle pattern.
Today market open at 9.15 and cadila has bounced back from lower level trend line area. if cadila sustain above this zone then we can see good upside move .
Target : 645 655 668
Stop loss : 618
🔰 Alembic - Potential mover💲💲 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.
<<<<<>>>>>
Eicher Motor In symmetrical triangle chart patternsA 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 start of a new bullish trend.
For Educational Purpose Only
Motherson Sumi in symmetrical triangle chart patternsA symmetrical triangle chart pattern represents a period of consolidation before the price is forced to break out or break down. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
For Educational Purpose Only.
Btc is trading within symmetrical triangle, what next?Hello everyone, welcome to this quick update :-
BTC is trading under the triangle as of now and is successfully holding the 39k level since the breakout.
What matters the most is we need a healthy retracement here.
There's also a CME gap around 38k level.
So this pump could end up being a trap.
Just my opinion!
Expecting breakout in the next 4 to 6 hours.
The direction of the breakout will decide the trend.
Break above the 41k level can take BTC to upper resistance levels around 43k to 48k and eventually 52k.
Breakdown means test of 38k and continue to the upside for 43k to 48k .
In both ways we are bullish .
We wait for the breakout now.
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#bitcoin #crypto #nextmove #bullmarket #bearmarket #sideways #breakdown #btcusd #dailyclosed #symmetricaltriangle
