Symmetric Triangle on Infy and either way to go.
Note : Please trade with cautions, due to result.
Make or Break
Levels to Make:
Level 1 - 1028
Level 2 - 1052
Levels to Break:
Level 1 - 945
Level 2 - 925
"Happy Trading"
Symmetric Triangle on EURUSD and it may break either side.
Trade for Long:
Buy above - 1.05490
Target 1 - 1.05780
Target 2 - 1.06070
Stop loss - 1.05105
Trade for Short:
Short below - 1.05100
Target 1 - 1.04870
Target 2 - 1.04505
Stop loss - 1.5490
Trading mates can take advantage of beautiful symmetrical triangle breakout. How to handle : just go long in the direction of breakout if it turns out to be a busted pattern just reverse the position. Busted pattern performs even better. Good Luck
Symmetric Triangle on SUN TV and it may break either side but indicators like RSI, MACD & Stochastic are showing bullish sign. Let see, where its going to break ?
Levels for Long:
Level 1 - 505
Level 2 - 516
Level 3 - 526
Level 4 - 536
Levels for Short:
Level 1 - 473
Level 2 - 465
Level 3 - 456
Level 4 - 446
"Happy Trading"
Symmetric Triangle formation on LICHSGFIN and it may break on either side. I have mentioned some levels for trading.
Levels for Long:
Level 1 - 569
Level 2 - 581
Level 3 - 593
Level 4 - 608
Levels for Short:
Level 1 - 547
Level 2 - 531
Level 3 - 517
Level 4 - 505
"Happy Trading"
Symmetric Triangle on Hindalco and it may break either side. Indicators are also in neutral.
NOTE - It may take 1 or 2 days to hit the target on either side.
It is been observed on Hourly chart that the price action breaks from the symmetrical triangle formation and came down and retrace back to the previous support which now acting as resistance. Now, it shall further move down.
Target1: 309
Target 2: 302
Stoploss: 321
Its been observed that gold have breakout from the symmetrical pattern. One can look for buying opportunity to buy above 1138 for the target of 1150-1154.
Symmetric Triangle on Bank Nifty and it may break either side. BNF having limited upside due to EMA 50 lying on near to 18395, so price trend is downside. However, this triangle may break either side. "Safe Trade"
Trade (Spot Price)
Long:
Buy above - 18335
Target - 18395
Stop Loss - 18285
Reward Points - 60
Risk Points - 50
Short...
Technical Analysis:
RSI above 50.
MACD on bullish crossover and Histogram on above '0' line.
Stochastic on bullish but in overbought level, so may be take some time to make correction.
Price lying above the EMA 50 and EMA 5/20 bullish crossover.
Trade:
Buy above - 631
Target 1 - 637
Target 2 - 642
Stop Loss - 625
Reward Points - ...
