Trainglebreakout
BSE ready to fly #bsehi friends
BSE was consolidating for two months now came out of traingle pattern and then made new parallel channal and also coming out of this channal
above it we can see all time level will be tested but for two days it has been able to sustain at that level .
we can expect a bigger move once it breaks that chanal and alltime high level , but we can enter at CMP .
also RSI is favourable and has much space to go up .
I'm not any SEBI registered person , just making my own analysis.
SAIL is in up moveSAIL is in up move :
Reasons/Traits :
• Triangle pattern break out yesterday and today got confirmed
• Volumes are high
• Price above 13/20/50/200 EMA
• Price above VWAP
• Increased open interest, high deliveries
What can happen next :
Scenario 1 : Price sustaining above 123 levels can take it to 133/141/151 levels
Scenario 2 : Price break down below 123 can take it down to 116/105/98 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Traingle BO - RESTEST : EQUITAS15 weeks consolidation
triangle BO
retesting the upper trendline
holding 50 DMA
if hold the line, can go further
SL - 120
TGT - 164-180
SBI HAS BROKEN A STRONG SUPPLY ZONE. ASCENDING TRIANGLE PATTERNSBI has broken out of the ascending triangle and also broke a strong supply zone.
The price broke the supply zone and a pullback has been seen. The price took the support of the zone and the trendline successfully.
The target is the height of the ascending triangle above the breakout level. So, it comes out to be around 540.
Stop loss must be placed below 470.
Happy trading :)
triangle pattern breakout exampleHi traders the chart is self-explanatory for more information on physiology you can refer to google.
i took this trade personally sorry for not posting but hope you made some good money in my previous post based on channel pattern which would have made you approx 35 % within 2 weeks.
RBL Bank Triangle Pattern Analysis ; So long.RBL Bank forms a Beautiful triangle in Weekly frame, Triangle tested two times but eventually failed . Last week's Candlestick shows a Hammer which indicates bullishness .
Can go long with SL 153 or your Risk Appetite this is a big triangle so one can also expect it to reach the Support line of triangle and also breakout .
Targets 218 and 265
This is a Weekly Chart so patience is needed.
RCF + Madras FertilizerIn both the charts a breakout is being awaited from the min triangle pattern as well as the the long descending trend line.
In both the charts the targets for the inverted Head and Shoulder pattern are still in progress to be achieved.
In both the charts, the breakout will also be a breakout from a Darvas Box.
AmaraRaja Batteries [Swing trade :Long]The stock hovering near the support zone as well as the retest zone.
Has formed a convincing bullish candle.
The risk to reward is favourable here.