NSE: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.
Short after breakout as bullish momentum is dominating.
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.
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
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.
Near time tgts : 220, 250 In some months: 320 might even break those levels and move up , upcoming years :)
Symmetrical 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...
Formation of symmetrical triangle wait for breakout and trade according to that
possible breakout wait for breakout or breakdown
Bandhan Bank Symmetrical Triangle pattern Formation Breakout of either side will give good Trade
Nestle has formed symmetrical triangle pattern on weekly tf. Closing and sustaining above 17440 can lead to a potential breakout.
wait for a breakout and go long or short
Buy Relaxo at cmp Stoploss 876 Target 980 Study: Symmetrical Triangle Breakout and Retest Structure
A 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...
Nifty 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...