Symmetrical Triangle
SBIN: EARN LARGE PROFITS IN A FRONTLINE SHARESymmetrical triangle breakout in SBIN. 🔥🔥🔥
REASONS TO BUY:
For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. SBI has earned Rs 2,57,323.5922 Cr. revenue in the latest financial year. It has posted decent revenue growth of 13.60 % in last 3 Years.
In terms of advances, the bank reported 6.38 % YOY, rise . If you see 3 years advance growth, it stands at 13.96 %.
Currently the company has a CASA ratio of 44.23 %. It’s overall cost of liability stands at 4.48 %. Also, the total deposits from these accounts stood at Rs 32,41,620.7343 Cr.
The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.
PE is less than 15
Lastly, The banking industry is in boom with growing demand across India, I'm very bullish on the banking sector and the most undervalued banks stocks are in PSU space. I think the credit cycle has turned and going ahead there will be huge demand for money.
SHORT TERM TARGET: 486 (12-16W)
LONG TERM TARGET: 650 (52W)
I am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades i share here are provided for educational purposes only..
VAIBHAVGBL - BREAKOUT & RETESTA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
WAIT TILL A DECISIVE MOVE TO THE UPSIDE IS VISIBLE
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Reversal or Breakout ? Get ready for itNifty 50 giant Reliance is forming symmetrical triangle pattern which is more clear in 60 mins time frame. If resistance line is broken it can give a good swing upwards, if stock fails to break resistance level then it will start moving towards the support line which is also a good swing for bears ( Note : It has already formed pinbar candle near the resistance which is a bearish candle ) so it has higher chance of reversing , but don't do panic or hurry entry into the stock , wait for the right levels which are mentioned in the chart. This is my personal analysis not buy/ sell call , this is for only educational purpose. Feel free to share your views !
GOOD CHANCE TO CATCH THE RALLY !Traders, I have provided full detailed chart of eicher motors in 1 hour time frame which is clearly form symmetrical triangle pattern, buy if the resistance line is broken . Stop Loss and Probable target is mentioned in the chart itself.
This analysis is for educational purpose only. Feel free to share your views. I share chart pattern very frequently.
INDUSTOWER SYMMETRICAL TRIANGLE The stock has formed lower high and lower lows resulted in a symmertical triangle pattern and now the stock breakdown so we can expect some fall in upcoming days
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Naukri (InfoEdge) Symmetrical triangleNaukri (Info Edge) is a profitable pure play internet company. Their online service websites include Naukri.com, Reak Estate site 99Acres, Jeevansathi Matrimony, Shiksha.com (Education). They have investment in Zomato which they are going to sell in IPO. ZOMATO's strong delivery business model will have bumper IPO listing.
Technically, the stock is bearish. Symmetrical Triangle and PNF like struture suggests that it is a good candidate for accumulation with 4000 as closing basis SL. Buy a good company in its bad times! as the popular saying goes. Also the dotted orange line shows how earlier resistance becomes a support for current retracement. The stock price may go down some more, so divide your buy quantity in three/four parts and buy more in dips.
(Disclaimer: Study charts, do your own analysis, I am not SEBI registered)