Get started

Traingle

The best trades work almost right away.A breakout trade will work almost right away from the start, if the breakout happens with huge momentum and then you see Doji candles or hammer then there is a problem with follow-up. A bullish breakout must always be accompanied by a good follow up, else it cannot sustain. Bullish breakout needs good bullish candles, not Doji. Note-As soon as you enter a breakout trade it has to work within 15-20 days. If it does not move with huge momentum then exit it after 15-20days with whatever the result may be, don't wait for the stop loss to hit or for your target. The above rules apply only to Swing trade and breakout trading.
NSE:DIVISLABEducation
by Indrajit08
2
UNITED SPIRITS TRIANGLE PATTERNUNITED SPIRITS IS FORMING A SYMMETRICAL TRIANGLE PATTERN IN MONTHLY TIME FRAME AND CAN BE WATCHED OUT FOR POSITIONAL TRADING. ITS HAVING CLEAR SUPPORT FROM AGGRESSIVE BUYERS IN THE LOWER TRENDLINE AND OVERALL ITS IN AN UPTREND. AND THERE IS A HIGH CHANCE OF BREAKOUT IN THE NEAR TERM. IT HAS FORMED A BIG BEARISH MARUBOZU CANDLE IN MONTHLY TIME FRAME ON MARCH AND FOLLOWED BY INSIDE CANDLES IN THE FOLLOWING MONTHS. AFTER THAT HIGH OF THE BEARISH MARUBOZU CANDLE(702.75) IS BROKEN WITH VOLUME AND CLOSES STRONGLY, INITIATING A LONG ENTRY CAN BE CONSIDERED. LONG ABOVE 710 WITH A POSSIBLE TARGET OF 1100 SL 600
NSE:UNITDSPRLong
by NikhilTharakath
Symmetrical Triangle Pattern in TATAPOWER MUST WATCH Learning Triangle Pattern educational Purpose, An IDEA CAN LIGHT your BRAIN Tublelight The triangle chart pattern is formed by drawing two converging trend lines as price temporarily moves in a sideways direction. Traders often look for a subsequent breakout, in the direction of the preceding trend, as a signal to enter a trade. Learn Difference between Symmetrical Triangle Pattern and Other Triangle Pattern: The difference between the symmetrical and the other triangle patterns is that the symmetrical triangle is a neutral pattern and does not advice in any direction. While the triangle itself is neutral, it still favors the direction of the existing trend and traders look for breakouts in the direction of the trend. Symmetrical triangle trading strategy Triangles provide an effective measuring technique for trading the breakout, and this technique can be adapted and applied to the other variations as well. Its important to note that finding the perfect symmetrical triangle is extremely rare and that traders should not be too hasty to invalidate imperfect patterns. Traders ought to understand that triangle analysis is less about finding the perfect pattern and more about understanding what the market is communicating, through price action. TRADING WITH TRIANGLE PATTERNS: KEY THINGS TO REMEMBER Always be remember of the direction of the trend prior to the consolidation period. Make use of upper and lower trendlines to help to identify which triangle pattern is being formed. Use the measuring technique to decide achievable target levels Stick to sound risk management practices to mitigate the risk of a false breakout and ensure a positive risk to reward ratio is maintained on all trades. mcpriceaction
NSE:TATAPOWER
by mcpriceaction