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Symmetrical Triangle

GP Petroleums LTD Analysis!NSE:GULFPETRO Weekly Analysis! Symmetric Triangle Pattern in NSE:GULFPETRO Symmetric Triangle Pattern breakout in NSE:GULFPETRO Golden Crossover in NSE:GULFPETRO Analysis: NSE:GULFPETRO has made a clear Symmetric Triangle pattern on weekly time-frame. It is in consolidation since long and gave a breakout with high volume on 29jan. You can also see the golden crossover on the chart where 50 period EMA crossed 200 period EMA from below. Golden crossover is the indication of starting the uptrend . After the breakout price is now retesting the support. If price establishes the support zone between 63-68, it will act like a strong support. Trade Psychology and Setup: Entry = Current levels are good for buying(65-70) Target = Long Term Target 224 Stop Loss = Strict Stop Loss 48.20 Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:GULFPETROLong
by Avinash9087
4
Borosil Renewables Ltd - Looks Good!Script: NSE:BORORENEW Pattern: Symmetrical Continuation Triangle A Symmetrical Continuation Triangle (Bullish) is a technical analysis pattern often observed in financial markets, particularly in price charts. It is characterized by converging trendlines that form a triangle pattern. This pattern typically occurs during an uptrend and suggests a continuation of the bullish trend after a brief consolidation period. Breakout: The pattern is typically resolved with a breakout in the direction of the preceding trend, which in this case is upwards. Traders often look for a decisive close above the upper trendline as confirmation of the bullish continuation. Target: The price target for a bullish continuation is often measured by the height of the triangle at its widest point, projected upwards from the breakout point. This provides an estimate of how far the price could potentially move in the direction of the breakout. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:BORORENEW
by hardeepssethi
HINDPETRO Analysis(Symmetric Triangle)!Two methods to project the Targets while trading based on SYMMETRIC TRIANGLE PATTERN HINDPETRO Analysis on Weekly Timeframe! Symmetric Triangle formation in HINDPETRO on Weekly Timeframe Symmetric Triangle Resistance Trendline Breakout HINDPETRO has made symmetric Triangle pattern on Weekly Timeframe. HINDPETRO is forming Symmetric Triangle Pattern about 6 months. The price has given resistance trendline breakout with low volume which is a negative point but is has made successfully closed above it. On the chart I have illustrated, how to project targets based on SYMMETRIC TRIANGLE PATTERN in two ways. You can follow any method while dealing with Symmetric Triangle Pattern. Both ways are valid. I have referred John J Murphy's TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS book for this Analysis. I hope you'll like it. One more important thing do Follow and share my ideas for support so I can post more and more ideas on daily basis. Trade Psychology and Setup = Entry = Aggressive Investors can enter at current levels, Conservative Investors can enter after retest between 239.80 - 243.15 Target = 505.30 Stop Loss = Below 220.10 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:HINDPETROLong
by Avinash9087
2
MACD Crossover - SUNTECK📊 Script: SUNTECK 📊 Sector: Realty 📊 Industry: Construction Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages giving crossover. 📈 Right now RSI is around 61. 📈 There is Formation of Symmetrical Triangle breakout soon. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 483 🟢 Target 🎯🏆 - 532 ⚠️ Stoploss ☠️🚫 - 462 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:SUNTECKLong
by radha_23
3
GOODYEAR | Daily Chart | Golden ratio pullbackChart analysis: Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening. Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio . Volume: Volume action is clearly visible near breakout zone. Trade setup: Entry price: Close of 1400 price break candle. Stop loss: Below 1320. Target 1: 1512.5 Target 2: 1623.8 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BSE:GOODYEARLong
by SanjogY
NBCC: Formed Symmetric Triangle PatternNBCC (INDIA) LTD has formed Symmetric Triangle Pattern and gave breakout already around 43-44 level. #Current Price - 57-58 #Expected Target - 105 #Resistance Based Targets - Target 1 - 68 - Target 2 - 79 - Target 3 - 105 #Support Based Targets (Can be used as Stoploss) - Target 1 - 53.5 Pattern is forming on weekly chart. Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered. Please give a Like if you like.
NSE:NBCCLong
by paras0408
2