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Symmetrical Triangle

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
Hdfc bank chart studyHdfc bank spot at 1720 Weekly time frame Symmetrical triangle pattern Horizontal resistance as per previous life high reversal levels, over here life high levels would play an important role, going ahead keep watch on daily price action, if not able to break above life high levels and sustain counter can give good retracement, of 5-7-10% counter have already give good rally from 1460 to 1720 levels around 20% keep watch, above life high levels if we see consecutive close than the view gets invalid and below that we can play it accordingly
NSE:HDFCBANK
by RUDRA007