TCS for Tuesday (25th may)On 15 min tf, tcs is forming a symmetrical triangle pattern.
break on either side can give a good move
wait for retest
keep a target of 0.8 or 1% of the stock
Symmetrical Triangle
Power of Symmetrical Triangle !ASAHIINDIA is forming symmetrical triangle pattern which is famous for giving breakout and breakdown both. If stock gives breakout from this pattern that it can be a good swing trade ( Also watch overall market sentiment). Also note that this chart analysis was done by me for educational purpose, feel free to share your feedback/queries.
Berger PaintsNSE:BERGEPAINT looks like it has Symmetrical Triangle formation. Who are looking for long can watch above 773.
Disclaimer : This chart is for education purpose only not a trade recommendation. I will not be responsible for your losses or profits.
Sleeping Giant Is About To Wake Up !Traders, As nifty bank is rising sharply , There is very much possibility that Kotak Mahindra Bank can give an upward breakout from its symmetrical triangle pattern. Buy only after breakout is successful and its given with great volumes.
This is today's analysis that is done by me only for educational purpose, feel free to give your feedbacks/queries.
Symmetrical triangle breakout MANAKALUCO has given a breakout on its weekly charts from a much consolidated symmetrical triangle pattern. Target range would be equal to the range of the triangle i.e. Rs. 5.05 from the point of breakout. This provides a target of Rs. 15.25
HindCopper Symmetrical Triangle Symmetrical Triangle seems to be forming as well as lower volumes.
Rising Channel.
RSI Divergence visible.
Breakout from triangle could be a good move.
200+ target
Follow for more.
Monthly Breakout of India cements | Investment purposeNear time tgts : 220, 250
In some months: 320
might even break those levels and move up , upcoming years :)
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..
COALINDIA SYMMETRICAL TRIANGLEFormation of symmetrical triangle wait for breakout and trade according to that
Bandhan BankBandhan Bank Symmetrical Triangle pattern Formation
Breakout of either side will give good Trade
NESTLE: INDIA'S MOST LOVED BRAND ❤️Nestle has formed symmetrical triangle pattern on weekly tf. Closing and sustaining above 17440 can lead to a potential breakout.
Buy RelaxoBuy Relaxo at cmp Stoploss 876 Target 980
Study: Symmetrical Triangle Breakout and Retest Structure
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
Follow me to Learn and Earn with me.
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.
ITC Wait for one more breakout..today we can see itc open gap up and then shown weakness....
today there is symmetrical triangle kind of charts pattern formed...
wait for breakout...
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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Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
