Symmetrical Triangle
Take a look guysadani power in side ways after breakout, any time the stock will move upside. also this consolidation is very effected in the last triangle pantern.
Adani Power - Ready Set GO !!🔰 MY thought process :
⭐Symmetrical pattern BO again at monthly resistance
🔰Am I taking this trade now:
Already in it :)
🔰 {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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Cadila Healthcare 1h time frameFirstly a very good breakout and now the price is a small-time resistance zone. Wait for a clear breakout in a shorter time frame.
Trade wisely..
This is depiction is just for education purposes.
HINDALCO symmetric triangle formation
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
Like & share as a token of appreciation
Hindalco, SwingHindalco is forming a symmetrical pattern and can break either side of the triangle. A break above can be traded for long position for targets of 411 and 426. A break on the downside can be traded for short position for targets of 380 and 367. A downside break will lead to the price going below the 50 EMA, and the first target mentioned for 367 is the level of 200 EMA.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
HDFC Trend AnalysisHDFC is giving a double breakout on 1Hr time frame.
1. First breakout is for Symmetrical triangle.
2. Second breakout is of Wedge pattern breakout.
Both is bullish and seems HDFC share price will give a new bullish trend for us.
Mahindra Logistics - Tuesday Trade | 01st JuneStock has formed a Symmetrical Triangle on Daily TF.
Move on either side is going to give a good return.
More chances of upside though
HINDALCO SYMMETRICAL TRIANGLEThe formation of the symmetrical triangle
Possible breakout
Buy above green
Sell below yellow line
Mothersumi possible breakout Wait for breakout
1.Resistance zone breakout
2.volume profile
3.Increase in volume
VCP Formation on the verge of a BO around Earnings announcementStock is forming a nice VCP around it's ATH.. Volume is visibly dried out and the stock is forming a nice symmetrical triangle. Ideal candidate for a breakout but it's better to wait for the breakout to happen as the stock can breakout on either direction.
Symmetrical Triangle| RR 1:10LOW-RISK TRADE
EVERYTHING LOOK GOOD
BUY PRICE 136.50
1ST SL 132.25 (50%)
2ND SL 125.45 (50%)
TARGET PRICE 187
EID Parry | Monday setup | #shorts# I am starting this series..... of shorts, where analysis will be even simpler and potential good trades can be activated :)
# Break of this triangle = a good long as per risk
# Gap up sustained = good long as per risk
# breakdown or gap down = leave the trade
# Risk only 1% to 2% of Capital :)
# Targets = 2% to 3% after breakout or top of the triangle :)
#TATA POWER SYMMETRIC TRIANGLE #TATAPOWER After being stuck inside a symmetric triangle for 3 months, Tata Power is on the verge of giving a breakout. Breaking down will lead to re-testing support at 92. Whereas, if it breaks upwards, we may see it touch 115-120 level. We last saw Tata Power at that level back in 2014.
Educational purpose only - trade at your own risk.
Good luck.
WELSPAN CORP LTDSymmetrical triangle pattern generated in WELSPAN CORP LTD.
Buy above 150
Targets 200-220
Note that this analysis is only for educational purposes, Feel free to give your views on my analysis
