Symmetrical Triangle
Symmetrical Triangle candlestick patternI am a rookie in technical analysis. Hence, I am seeking confirmation. I discern that price movement has formed a symmetrical triangle which is a continuation pattern. However, preceding price trend is not prominent. Shall we therefore ignore it?
NIFTY 50 ANALYSIS FOR 07/04/2021NIFTY 50 ANALYSIS FOR 07/04/2021
SYMMETRICAL TRIANGLE FORMATION
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IRCON INTERNATIONALA Symmetrical Triangle pattern on weekly charts.
There has been a lot of tension around the 93 level and the volumes suggest this time it could breakout well.
This chart call is a bit pre mature awaiting a breakout, but just with a hunch that it could do well , I'm taking a risk before the breakout.
Safe investors can take it only after it closes above and sustains above 93.
#Nifty possible time zone to breach the triangle Nifty price is trading in a triangle and the probability is very high that the price may breach this symmetrical triangle between 14 April to 24 April time zone. Disclaimer: This forecast is based on Time theory and the probability of going right is 63
HCLTECH | Swing | Symmetrical TriangleHCLTECH has formed a symmetrical triangle and likely to give good momentum after the breakout.
Keep it on your watchlist.
Triangle breakout ... setupAxis bank after quiet in consolidation gives an impulsive move ..but still not that strong for long.
Keep this on watch if it shows further moment can trade as per setups.
Risk management is the key.
Never fear Never greed.
Ripple Symmetrical triangle breakoutPrice has reached near triangle high,I have highlighted the Target zone after this resistance of 0.63 level. Duration of trade will be until next 7-10 Days. Xrp has made few acquisitions recently, which favours the bullish sentiment.
HUL - Wedge formation in ascending triangle I have plotted the HUL wedge formation with ABC wave structure in ascending triangle. The price is likely to retrace up to 2250 to 2230 in 3-4 weeks then again it will bounce back to previous high 2560 in further few weeks, total Duration of pattern will be 7-8 weeks. Observation: 1. Wedge formation in ascending triangle 2. Price is respecting 50 sma on weekly time frame 3. Cup and handle pattern completion on daily time frame 4. Wave A and C are of equal length 5. Divergence in RSI and %R.
TATA ELXSI - Symmetrical Triangle | Thursday Trade(01st Apr)Range for stock has been narrowing down. Can give a good move when breaks the triangle on either side.
Keep in radar for next 1-2 days
HCL Tech Keep an eye on this guysHCL tech seems getting ready for breakout wait for volumes and keep an eye on this for now
BNB-USDT(Symmetrical Triangle Breakout)Binance being the world’s largest crypto exchange with a total of 15 mn users and a daily average trading volume of around $12 Bn has also developed its smart contract infrastructure “Binance Smart Chain” to solve the major bottleneck of Ethereum that is its insane gas fees.
BNB after hitting its all-time high of ~$348 has been consolidating to date.
On 4 Hr Time Frame, BNB is giving a decent breakout from the Symmetrical Triangle formation and seems elated to continue its journey to new highs.
The support is present at $274 while BNB seems well-positioned to continue its rally to $360.
PIDILITIND Symmetrical Triangle PIDILITIND has formed Symmetrical Triangle on Daily Chart.
Retested at Breakout Level.
RSI (14) Above 60 on Daily, Weekly, Monthly
Targets can be 1925/1950
SL 1758/1760 (on closing basis)
Note- It is for Educational Purpose only. Consult your Financial Advisor before taking any trade.
MNM good short candidate.MNM spot cmp 825
Counter have given breakdown from symmetrical triangle formation.
Rsi is giving early indication of weak ness in counter,,
Counter is trading in range from long time..
Now in verge to breakdown,,,
Stiff resistance can be seen in range 528-537
view gets negated above 542 on hourly closing basis
Down side small support confluence around 794-790 levels
Below this levels 755-730-710 possible
Positional view..
Good short candidate...
WIPRO - Good Risk Reward ratioAnticipating a breakout from a Symmetrical Triangle Pattern while it moves along the Parallel Channel.
Breakout Stock Alembic Limited !! 23 March 2021 !!* My favorite set up when price consolidate near 200 Day SMA and breakout any chart pattern ( In this case symmetrical triangle ) with high volume with any bullish candlestick pattern near the breakout level (In this case Bullish Marubazu) .
Kindly Let me Know if you have any questions.
Thank You
MANA-USDT(Symmetrical Triangle Breakout)Decentraland is a virtual reality platform built on top of the Ethereum blockchain allowing users to create, experience, and monetize content and applications. MANA is an ERC-20 token that fuels all the transactions of the game.
On 2 Hr Time Frame, MANA has been trading in a Symmetrical Triangle and is currently positioned near the upper trendline.
Key Levels to watch out for:-
MANA if manages to give a close above $1 is likely to move to new highs. Thus, it can fetch the targets of $1.15 and $1.3 respectively.
The support to the lower side is present at $0.9 .
Good scope I can see a good scope in this stock as its highly undervalued fundamentaly and strong technically
#Blueline signifies as an #entrypoint
Buy Happiest MindsBuy Happiest Minds Stoploss 525 Target 600 and above
Study : Triangle Breakout and Retest Structure
#BankNifty Chart For 16th MarchAs you see Bank Nifty Goes down After Breakout symmetrical Triangle.
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Now on tomorrow we will trade,
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If Bank Nifty give Breakout the symmetrical Triangle on Upper side.
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If Bank Nifty give Gapup opening, we will Buy PE once it goes below symmetrical Triangle.
BANKNIFTY Symmetrical TriangleA 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 trend line indicates the start of a new bullish trend.
Buy above upper trend line and sell below lower trend line...!
Pls. wait for a candle to close above or below.
Always understand the risk before investing into the underlying security.
Hit like if you really liked it....!
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