SAIL - Flag & pole and Traingle AS you can see in the Chart ... Flag and pole pattern formation and Traingle formation has been shown by SAIL on Daily Chart
There are 3 possible Setups to trade in this Scenario:
Case 1 : if it take support at traingle base as shown in chart ... we can go for a swing trade ... with immediate target of 130 with SL mentioned in the chart
Case 2: if it breaks above resistance .. only with good volume ... then wait for it to retest the resistance trendline ... and if it took support then u can go long ... for safer side by above 135..
Case 3 : In case .. if it break down below 116 ... then w8 for the retest ... if it took resistance at 116 then you go short...
Note : I am still in a learning phase .. please let me know if i missed something
Disclaimer : This is just for Education Purpose only
Traingle
GMR Infra - BreakoutGMR infrastructure has taken a clear breakout and retracement on this position, so give an entry with appropriate Stop loss
This study is for equity delivery trade and not for FO positional or intraday
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
TATA POWER Descending Triangle Pattern (1 hr)Upward Breakout: Wait for a successful retest and closing above resistances
Downward Breakout: Price may give false/premature breakout and continue upward if the general market is bullish. If bearish, the price may stop at the major bull trendline or weekly support.
Generally, with descending triangles major trend continuation is expected.
Corrections are welcomed :)
Note: for educational purpose only
SIS Descending triangle Formation💰all studies explained in the chart.
Bottom entry missed😥.But no probs still there is an opportunity.💰
buy & add @dips✔✔
trgt mentioned in the chart.
🧩Anytime triangle bo possible.
🧩Promsing chart.Can see descending triangle in the chart.
🧩Volume also increasing.
🧩Good q4 numbers published.
🧩Fundamentally good company.
🧩Recently it touched it's major support.So expecting a good movement in coming sessions.
About the company
Security & Intelligence Serv.(India)is directly and indirectly engaged in rendering security and related services consisting of manned guarding, training, and indirectly engaged in paramedic and emergency response services; loss prevention, asset protection and mobile patrols; facility management services consisting of cleaning, housekeeping and pest control management services in the areas of facility management; cash logistics services consisting of cash-in-transit, ATM cash replenishment activities and secure transportation of precious items and bullion; and alarm monitoring and response services consisting of trading and installation of electronic security devices and systems through its subsidiaries, joint ventures and associates.(Source : 202003-01 Annual Report Page No:101)
- Note guys this is not a buy recommendation.Do your study 🙏🙏
- Hope you guys learned something new💚
Thank You.
Like🔹Comment🔹Support
adani power (ready to fly again)In march I was able to capture its move , similar pattern it is making now .
In the coming days it is going to give brakout and it will fly again .
With stocks like adani power it is good to take risk as it surges really fast .
I will enter even before brakout you can also think like this.
One last Pull to the downside C'mon NIFTY lets get over with !NSE:NIFTY can give a push to downside trying to test the bears sitting on 14000 levels. Can put a trap for sellers and then never look back?
The moves back a few sessions don't feel trending enough yet to start a bull run.
So I see a bit more fall before we are done for once it for all!
Come On Nifty! lets test 14140-14000 box and become a BULL after that.
Advanced Enzymes | Chart of the Week 09-01-2021Advanced enzymes has formed a wonderful triangle pattern and as soon as it comes out of its pattern on the upper side, the stock should rally towards Rs.445, but it should only be bought post breakout and not before that. Also Stop Loss can be the resistance line of the triangle once that is taken out. Once the stock rises, make 50EMA as your Stop Loss as it is acting as a brilliant support for the stock.