Get started

Triangle

KPI Green (D): Aggressive Bullish, Promoter-Backed MomentumTimeframe: Daily | Scale: Linear The stock is staging a violent recovery from the bottom of a Symmetrical Triangle. While it has surged +26% in two days, it is currently testing the critical angular resistance . The move is backed by "Insider Buying," which gives it high structural conviction. 🚀 1. The Fundamental Catalyst (The "Why") The volume explosion is driven by two major factors: > Promoter Buying: Reports confirm that Quyosh Energia (Promoter Group) purchased shares (approx. 11.2 Lakh shares) via bulk deals. When promoters buy at market prices, it signals they believe the stock is undervalued. > SJVN Order: The recent execution of the 200MW Solar Project agreement with SJVN (worth ~₹696 Cr) has improved revenue visibility for 2026. 📈 2. The Chart Structure (The Triangle) > The Setup: The stock has been consolidating in a Symmetrical Triangle since the ATH. - Support: The bounce from ₹313 (and the recent higher low) was the launchpad. - Resistance: The stock is now "Kissing" the downward-sloping trendline (around ₹510–₹515 levels). > Current Status: Despite the +26% move, a daily close above this angular trendline is needed to confirm the end of the correction. 📊 3. Volume & Indicators > Volume Spike: The volume of 77M+ (combined sessions/exchanges) is an "Institutional Stamp." This is not retail accumulation; this is big money entering. > RSI: Rising sharply. Note that daily RSI is entering "Overbought" territory (>70) due to the sudden surge. In strong momentum trends (like Power/Energy), RSI can stay overbought for weeks. 🎯 4. Future Scenarios & Key Levels The stock is at the "Make or Break" point at the trendline. > 🐂 Bullish Breakout (The Continuation): - Trigger: A decisive Daily Close above ₹515 . - Target: ₹581 . - Blue Sky: If ₹581 clears, the path opens to retest the ATH ( ₹743 adjusted/unadjusted depending on chart). > 🛡️ Support (The "Pullback"): - Immediate Support: ₹479 . Since the stock rose +26% in 2 days, a cooling-off pullback to ₹479 is healthy and should be used to add. - Stop Loss: A close below ₹450 (mid-point of the surge candle) would signal that the momentum was a "flash in the pan." Conclusion This is a High-Octane Setup . > Refinement: The Promoter Buying makes this a "Buy on Dips" candidate rather than a "Sell on Resistance" one. > Strategy: Watch for the ₹515 breakout. If it clears, the momentum will likely carry it swiftly to ₹580 .
NSE:KPIGREENLong
by Learn_with_Pth0mas
Triangle Compression Zone🔎 Overview The Triangle Compression Zone highlights a phase where price transitions from directional movement into consolidation. After an initial trend, price begins to contract between converging support and resistance lines, signaling reduced volatility and temporary market balance. ------------------------------------------------------------ 📘 Concept A triangle forms when price creates Lower Highs near resistance and Higher Lows from support. This converging structure reflects decreasing momentum and growing indecision, as buyers and sellers reach equilibrium. The pattern represents compression rather than direction, with price awaiting clarity. ------------------------------------------------------------ 📊 Chart Explanation • Market Structure Price initially forms Higher Highs and Higher Lows, confirming directional strength before entering consolidation. • Resistance Line The upper trendline connects multiple rejection points, defining the area where selling pressure limits upside. • Support Line The lower trendline links higher low swings, showing consistent buyer defense. • Triangle Compression As price oscillates between these boundaries, the range narrows and volatility contracts, creating a balanced market state. • Key Observation The contracting structure signals indecision. Directional confirmation only occurs once price accepts beyond the triangle boundaries. ------------------------------------------------------------ 📝 Summary • Triangle represents volatility compression after a trend. • Support and resistance converge as price range tightens. • Market remains balanced until a clear resolution occurs. ------------------------------------------------------------ ⚠️ Disclaimer 📘 For educational purposes only. 🙅 Not SEBI registered. ❌ Not a buy/sell recommendation. 🧠 Purely a learning resource. 📊 Not Financial Advice.
Long
by MarketAlgoBot
1
Triangle formationThangamayil Jewellers – Glistening with Opportunity The overall sentiment in the jewellery sector has turned positive, supported by strong fundamentals and global tailwinds. Gold and silver prices are on a consistent uptrend, hitting new highs almost daily, driven by both safe-haven demand and global metal rallies. Thangamayil Jewellers, a Tamil Nadu-based company, has established a strong presence among the middle class, with steady growth in both sales and revenue. Technically, the stock shows a clear bullish triangle formation on the monthly chart, while also exhibiting low-price accumulation patterns on the daily timeframe. This setup offers a compelling combination of fundamental strength and technical breakout potential, making it a stock to watch closely in the current metals rally.
NSE:THANGAMAYLLong
by liondewarangal
After the IPO of 2 subsidiaries that B/S might strengthenCanara Bank Subsidiaries Set for IPO; Strategic Moves Strengthen Position There is news that two subsidiaries of Canara Bank — one in mutual funds and the other in insurance — are preparing for Initial Public Offerings (IPOs). In both joint ventures, Canara Bank is expected to be the primary seller, and the proceeds are likely to flow directly to the bank’s balance sheet, strengthening its capital position. Following recent banking sector reforms, Canara Bank has emerged as one of the more robust players among the newly consolidated public sector banks, benefiting from an improved digital banking experience and a healthier loan book. This trend of consolidation and strategic monetisation of assets may pave the way for a select few public sector banks to evolve into financial powerhouses, with well-diversified subsidiaries across mutual funds, insurance, and other financial services. Canara Bank, in particular, appears well-positioned to replicate its quiet but consistent success in equity mutual funds, potentially carving out a niche for itself in the broader financial services landscape.
NSE:CANBKLong
by liondewarangal
1
Seeing vs Believing: Multi-Pattern Structure vs Single-Line BOOn the left, the weekly chart is mapped as a full A+ type setup, where multiple structural elements work together instead of relying on a single, convenient line. -A red counter trendline marks a series of lower-high rejection points, visually defining the “least liquidity” supply line that price has repeatedly respected. -A dotted parallel channel outlines a broader multi-pattern context. -A dashed hidden line adds another layer of structure, hinting at less obvious inflection zones that are not visible at first glance but often align with prior reactions. -Finally, an orange line represents a higher time frame resistance level, bringing in a top-down perspective so that the current weekly price action is seen in relation to a dominant, bigger-picture barrier. On the right, by contrast, the chart is reduced to a single white line drawn in a way that “forces” the candles to appear as if they are breaking out. This is a great example of chart psychology in action: instead of objectively mapping all relevant patterns, many traders draw what they want to see—one clean breakout line—ignoring hidden structures, multi-timeframe confluence, and complex pattern overlap. The intention of this post is purely observational and educational, not forecasting. It aims to show how a professional, multi-pattern approach (CT lines, channels, hidden lines, and higher timeframe levels) can radically change the way a chart is interpreted compared to the simplistic, single-line breakout mindset that dominates retail thinking. Disclaimer: This post is for educational and illustrative purposes only and does not constitute investment, trading, or financial advice. Always do your own research and consult a registered financial professional before making any trading decisions.
NSE:CENTURYPLYLong
by Averoy_Apoorv_Analysis
Reclaiming The Breakdown: Descending Triangle To Inverse HnSThis weekly chart of Rico Auto illustrates how structure can evolve over time and why rigid bias around a single pattern can be misleading. Price initially respected a clear descending trendline, forming a classic descending triangle and eventually breaking down below the support zone. Instead of continuing in a straight-line downtrend, the market absorbed that move and began to build a broader basing structure. Over the following swings, price developed an inverted head and shoulders formation, highlighted here with the white structure, right inside and just below the prior breakdown area. As the pattern matured, price not only reclaimed the prior horizontal zone but also pushed back toward the original red counter-trendline that once acted as dynamic resistance. The same trendline that confirmed the initial triangle breakdown is now being revisited, showing how former breakdown structures can later turn into key decision zones rather than one-way signals. This chart is shared purely to study how multiple patterns can co-exist and morph on higher timeframes: -A descending triangle that initially breaks to the downside -A subsequent inverse head and shoulders basing pattern -A later reclaim of the old breakdown area and retest of the descending trendline Disclaimer This post is for educational and illustrative purposes only and is not investment, trading, or financial advice. Please do your own research and consult a registered financial professional before making any trading or investment decisions.
NSE:RICOAUTOLong
by Averoy_Apoorv_Analysis
Simple Triangle Pattern on a Monthly Time FrameOverview - This monthly chart illustrates a symmetrical triangle pattern defined by a series of higher lows and relatively stable swing highs, framed by a green ascending trendline and a red counter-trendline. The structure is presented in an observational manner to highlight how price has evolved within these converging boundaries over an extended period. Triangle structure - 1.The green line represents the primary trendline, drawn from successive higher swing lows where price has repeatedly found support and turned back up. Each time price touches or approaches this green line, the contact is marked with a blue upward arrow box to emphasize how buyers have consistently responded around this rising level. Together, these points of contact visually document the stepping pattern of higher lows that contributes to the lower boundary of the triangle. 2.The red line acts as the counter-trendline, connecting multiple prominent swing highs where upward movement has stalled and reversed. Blue downward arrow boxes are placed at these touchpoints to highlight how price has respected this sloping resistance zone over time. The repeated interaction with the red line shows how sellers have been active around this upper boundary, creating a series of contained pushes to the upside. Understanding - The overall construction emphasizes how multiple touches on both the trendline (T) and counter-trendline (CT) are used to validate the presence of this symmetrical triangle. Rather than focusing on any single candle, the chart showcases the cumulative behaviour of price over many months, making it a useful visual example for studying how support and resistance can evolve into a geometric pattern on a higher time frame. Disclaimer: This description is purely educational and observational, intended to explain chart structure and pattern formation. It does not constitute investment advice, trade recommendations, or any suggestion to buy, sell, or hold any financial instrument.
NSE:METROBRANDLong
by Averoy_Apoorv_Analysis
Coforge: Ending Diagonal Signals Exhaustion Near Wave (D) HighCoforge has likely completed Wave c of (D) with a clean ending diagonal near the upper boundary of the multi-month triangle structure. This raises the probability of Wave (D) being complete — if price turns down from here. Technical View Ending Diagonal: The final leg into ₹1,986 shows a wedge structure — typical of terminal C-waves inside corrective patterns. Structural Resistance: This move hits the B–D trendline, a natural pivot for Wave (D) completion. Pivot Zone: The 52-week high at ₹2,005.35 is a clean external invalidation. A sustained move above it would contradict the triangle scenario. Trade Setup (If Reversal Confirms) Bias: Short-term bearish (potential Wave E) Trigger: A confirmed bearish reversal candle in the ₹1,985–₹1,995 zone Target: ₹1,700–₹1,750 Invalidation: Close above ₹2,005.35 Note: This is a countertrend short inside a strong rally. Wait for the actual reversal signal — the ED alone is not a sell trigger. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:COFORGEShort
by WaveXplorer
NESTLEIND – Symmetrical Triangle Breakout Setup (1D Chart)I’m watching Nestle India for a potential bullish breakout from a symmetrical triangle on the daily timeframe. Price has been consolidating after a strong impulsive move, and it is now respecting both trendline support and triangle resistance. 🔍 What I'm Seeing Price created a strong rally, followed by a healthy consolidation. A symmetrical triangle pattern has formed — showing tight price compression. Price is currently sitting near the trendline support, indicating buyers are still active. A breakout above the triangle could trigger the next bullish leg. 📈 Trade Idea Entry Zone: Around current levels near the triangle breakout Stop Loss: Placed below the trendline + recent swing lows Target: Previous strong resistance zone near ₹1383 This gives a clean risk-to-reward setup with a logical structure: risk below support, target at the next major supply zone. 🎯 Why This Setup Makes Sense Triangle breakout often leads to strong directional moves. Trendline support confirms buyer strength. Market structure is shifting bullish after breaking the downtrend earlier. ⚠️ Risk Note This is not financial advice. Always manage risk properly and wait for a confirmed breakout candle before entering.
NSE:NESTLEINDLong
by Scalper_San
HCLT - Buy - Technical Analysis#HCL Technologies Limited - Technical Analysis Price: 1,683.00 | #Trade Setup - Bullish Reversal #Outlook Strong bullish setup with 4-35% upside potential. The failed bearish head & shoulder pattern combined with monthly demand zone bounce suggests institutional accumulation. Breakout above 1,745 opens path to 1,951 and beyond. Pattern Analysis: 1. Bounced from monthly demand zone - Strong support established 2. Made higher low in monthly chart - Trend reversal signal 3. Failed Bearish Head & Shoulders pattern - Bears trapped, bullish continuation 4. Breakout confirmed on weekly chart - Momentum shift 5. Typical double bottom formation - Classic reversal pattern Technical Structure: - Monthly higher low at 1,390 confirms bullish structure - Failed H&S pattern invalidation is highly bullish - Price now targeting previous resistance zones Target Levels: - Target 1: 1,745.00 - Target 2: 1,951.25 - Target 3: 2,272.70 Support: 1,572 - 1,551 (critical zone) ⚠️ DISCLAIMER **NOT investment advice.** Educational analysis only. Trading involves substantial risk of loss. Past patterns don't guarantee future results. Always do your own research and consult a SEBI-registered financial advisor. Author assumes no responsibility for losses. #HCLTech #StockMarket #NSE #TechnicalAnalysis #ITStocks #IndianStockMarket #SwingTrading #Trading #FinTwit #TradingView #ChartAnalysis #StocksToWatch #Nifty50 #TechStocks
NSE:HCLTECHLong
by earnwhileulearn
2