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Triangle

The triangle pattern is known as a bilateral pattern, which means that after a break-out the trend could either continue or reverse. There are basically 3 types of triangles and they all point to price being in consolidation: symmetrical (price is contained by 2 converging trend lines with a similar slope), ascending (price is contained by a horizontal trend line acting as resistance and an ascending trend line acting as support) and descending (price is contained by a horizontal trend line acting as support and a descending trend line acting as resistance).

The more price approaches the apex (where the trend lines converge), the bigger the chance of a break-out. The triangle pattern has completed when price breaks out of it, in either direction. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the back of the triangle and extending it in the direction of the breakout. A common stop level lies just outside the triangle.
ParamjitMahapatro ParamjitMahapatro APOLLOTYRE, D,
APOLLOTYRE: apollo tyre ready for a breakout
106 0 3
APOLLOTYRE, D
apollo tyre ready for a breakout

symmetrical triangle is forming in daily time frame. look for a breakout. we ll discuss on sl and tgt post breakout.

AbhishekHSinghCMT AbhishekHSinghCMT PRO BHARTIARTL, W,
BHARTIARTL: BhartiAirtel -What a E-Wave 402-430 Target Done-falling back@430
515 5 14
BHARTIARTL, W
BhartiAirtel -What a E-Wave 402-430 Target Done-falling back@430

As suggested above 402 - we shall look for final push to 425-430 Zone. It was hot trade for the day & look it got resistance exactly at 430 - started falling back. Bharti Airtel - The final push for 425-430 zone. https://in.tradingview.com/chart/BHARTIARTL/swEFQK5o-Bharti-Airtel-The-final-push-for-425-430-from-400-zones/

AbhishekHSinghCMT AbhishekHSinghCMT PRO USDINR, 2D, Long ,
USDINR: USDINR & Nifty-Barometer-Part 2-63.55 & 10138-Looking for U Turn
136 0 8
USDINR, 2D Long
USDINR & Nifty-Barometer-Part 2-63.55 & 10138-Looking for U Turn

Well we don't have any confirmation yet but it looks USDINR has traced 5 wave impulsive sequence from double top@69.05 to 63.56 & Nifty touched 10138. Beauty is that now people talk about geo political tension between North Korea & U.S. - will that be the reason for market melt down or waves were indicating same. I have no idea & so cannot predict where markets ...

ParamjitMahapatro ParamjitMahapatro KITEX, W, Long ,
KITEX: kitex garments looks bullish in short to medium term
99 2 6
KITEX, W Long
kitex garments looks bullish in short to medium term

in weekly, price is moving sideways, it looks like a symmetrical triangle. price recently bounced from the trend line support with good volume, in daily , there is a symmetrical triangle formation and then break out with good volume. https://in.tradingview.com/x/qTYCwPM8/ there was a BB squeeze , now price closed above upper BB with good volume and BB is now ...

raj3elite raj3elite PRO UBL, W, Long ,
UBL: Ascending Triangle on UBL
128 5 11
UBL, W Long
Ascending Triangle on UBL

Ascending Triangle formation on UBL and it will break upside. Trade levels are mentioned on chart.

raj3elite raj3elite PRO PETRONET, W,
PETRONET: Long Trend line on Petronet LNG - Make or Break ?
143 2 13
PETRONET, W
Long Trend line on Petronet LNG - Make or Break ?

Long Trend line on Petronet LNG and whether it will Make or Break ? Trade Levels are mentioned on Chart.

atin28 atin28 TATAMOTORS, D, Short ,
TATAMOTORS: TataMotor have a clear sell signal
116 5 3
TATAMOTORS, D Short
TataMotor have a clear sell signal

TataMotors Ltd. Outlook: A clear sell signal after long period symmetrical triangle breakout around 427 level initial target around 380 level and stop 433 level.

rrajkumar86 rrajkumar86 HEXAWARE, 240,
HEXAWARE: HEXAWARE ???
52 0 3
HEXAWARE, 240
HEXAWARE ???

Forming Ascending Triangle, MACD crossover above "Zero" Line. Wait and enter on breakout

Einstein15 Einstein15 BHARATFORG, 60,
BHARATFORG: BHARATFORGE Triangle Breakout
69 0 2
BHARATFORG, 60
BHARATFORGE Triangle Breakout

Bharatforge is in the Breakout / Reversal Zone. Moving in a channel for almost an year, had a great leg up from 720 to 1220 approaching /retesting another channel sup/ res orange band for a breakout/ reversal. It can make a leg down inthe triangle before breakout on the upside.

InsiderB InsiderB PRO APOLLOHOSP, 15, Long ,
APOLLOHOSP: Apollo Hospitals : Getting High on Drugs !
262 4 16
APOLLOHOSP, 15 Long
Apollo Hospitals : Getting High on Drugs !

Apollo Hospitals can be traded two ways : i) On Pullback Entry which is shown as above , its not active yet. Only if we get pullback it gets activated. ii) Can be traded as breakout from triangle, but the problem is when you get aggressive with your entry Risk gets wider, so you need to move it up above 1265's zone Let's see whether we can get high without ...

raj3elite raj3elite PRO JYOTHYLAB, D,
JYOTHYLAB: Symmetric Triangle on Jyothy Lab
99 3 8
JYOTHYLAB, D
Symmetric Triangle on Jyothy Lab

Symmetric Triangle on Jyothy Lab an it may break either side. But trend is showing good strength on long side. Trade Long: Buy above - 381.50 Target 1 - 392.50 Target 2 - 402.00 Stop loss - 373.00 Trade Short: Short is not possible on this Script, So avoid if the price broken on downside. (Edited)

ParamjitMahapatro ParamjitMahapatro ITI, D, Long ,
ITI: ITI - symmetrical triangle formation going on,watch for breakout
124 0 12
ITI, D Long
ITI - symmetrical triangle formation going on,watch for breakout

symmetrical triangle formation going on in daily and weekly https://in.tradingview.com/x/WGh4IjPC/ volatility decreasing and BB is squeezing, https://in.tradingview.com/x/iA0uP8VZ/ breakout to be followed soon. since it was in an strong uptrend, upside breakout expected here. safe traders should wait for breakout. Risky traders may enter with a sl - 91. we ...

raj3elite raj3elite PRO YESBANK, 60,
YESBANK: Symmetric Triangle on Yesbank
166 2 9
YESBANK, 60
Symmetric Triangle on Yesbank

Symmetric Triangle pattern on Yesbank and it may break either side. Trade Long: Buy above - 1570 Target - 1590 Stop loss - 1560 Trade Short: Short below - 1548 Target - 1527 Stop loss - 1560

rrajkumar86 rrajkumar86 YESBANK, 60, Short ,
YESBANK: YESBANK Struggling in range
81 2 6
YESBANK, 60 Short
YESBANK Struggling in range

Wanted to call it as a Flag or Peanut, but finally settling down with Descending triangle, Levels at chart follow

raj3elite raj3elite PRO NIFTY, 60,
NIFTY: Nifty Review for Aug 8
185 2 9
NIFTY, 60
Nifty Review for Aug 8

Symmetric Triangle pattern formation on Nifty 1hr chart and as per pattern, may break either side. Trade Levels Long = 10075 is trigger price and Targets are 10098 / 10126 Short = 10010 is trigger price and Targets are 9981 / 9957 Note: Sideway may happen.

HarshShivlani HarshShivlani JPASSOCIAT, 15, Short ,
JPASSOCIAT: J.P Associates negative bias/neutral
73 0 2
JPASSOCIAT, 15 Short
J.P Associates negative bias/neutral

It is in symmetric triangle but price action and indicators have a negative bias. Could go short on break of yesterday's low. Everything else in chart.

rrajkumar86 rrajkumar86 GAIL, 240, Long ,
GAIL: GAIL Symmentrical Triangle Again
76 0 4
GAIL, 240 Long
GAIL Symmentrical Triangle Again

Levels are in chart. Wait and watch. I can see a channel inside. This time again same setup but waiting for upside break. Check the last post broken so took support at channel bottom. https://in.tradingview.com/chart/GAIL/lw96sbcm-GAIL-Symentrical-Triangle-Formation/ Happy Trading.

rrajkumar86 rrajkumar86 BANKBARODA, 30, Short ,
BANKBARODA: BOB Symmetrical triangle. Sell then Buy
69 0 2
BANKBARODA, 30 Short
BOB Symmetrical triangle. Sell then Buy

Barodas Bank dont want to leak from Triangle but overall Bank looks week. Sell for 161.75. Play safe till 163.5. Not much to loose here. My short is only for First target, There is a possibility for ascending triangle. https://in.tradingview.com/x/lZ2CsSNb/ A further Buy can be initiated after a reversal on trendline

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