CYIENT Cmp 1998 Triangle BOCYIENT Cmp 1998 dated 6-12-2024
1.Triangle BO @ 1995 (done)
2. Good Volumes
Buy above 2002 target 2035-2050-2075-2100-2125-2150 SL 1940
It is just a view, please trade at your own risk.
Triangle
#banknifty -11th December!NSE:BANKNIFTY1! NSE:BANKNIFTY
Understand the chart, observe the analysis, implement while trading:
Key Observations:
1. Trendlines:
- Resistance Trendline: A descending trendline (sloping down) marks the area where the price faces selling pressure. This indicates a pattern of lower highs.
- Support Trendline: An upward-sloping trendline beneath the price indicates where the price finds buying interest. This suggests a slight upward momentum at the support level.
2. Consolidation Zone:
- The price is moving within a tightening range between these two trendlines, forming a wedge or triangle pattern. This indicates consolidation, where the market is waiting for a breakout or breakdown.
3. Support Levels:
- Key support levels are highlighted at 53,407.75, 53,229.05, 53,057.45, and 52,784.15. These levels represent zones where buyers are likely to step in and prevent further price decline.
4. Resistance Levels:
- Resistance levels are marked at 53,679.35, 53,956.65, 54,128.90, and 54,304.25. These are zones where the price may face selling pressure.
5. Current Price Action:
- The price is currently at 53,577.70, approaching the descending resistance trendline. This is a critical point because it suggests a decision zone for the next move.
Scenarios:
1. Bullish Breakout:
- If the price breaks above the descending resistance trendline, it could signal bullish momentum.
- Potential targets are the next resistance levels at 53,956.65, 54,128.90, and 54,304.25.
2. Bearish Breakdown:
- If the price breaks below the support trendline, it may indicate a bearish trend.
- Possible downside targets are the lower support levels at 53,229.05, 53,057.45, and 52,784.15.
3. Neutral Consolidation:
- If the price continues to move within the wedge, traders may need to wait for a clear breakout or breakdown before acting.
What This Chart Suggests:
- The chart highlights decision points for the market, with the wedge pattern indicating an imminent breakout or breakdown.
- A breakout above resistance would suggest strength, while a breakdown below support would indicate weakness.
Trading Plan:
- For Buyers: Wait for a breakout above the resistance trendline and aim for higher resistance levels.
- For Sellers: Look for a breakdown below the support trendline and target the lower support zones.
Not SEBI Registere.
GICRE Triangle Breakout 1DGICRE attempting to breakout from a triangle pattern on 1D timeframe. It is also forming a flag pattern on 1W timeframe. Enter after bullish confirmation.
2 Amazing swing trading ideas for 10 Dec 2024 MarketsI daily make educational content videos for swing / positional trading
Breakout BLSBLS has given breakout from triangle pattern. Next target would be around 468 which is almost 8-9% from the current price
Paytm - CMP 950 - Monthly - Symmetrical Expanding TrianglePaytm has created Symmetrical Expanding Triangle in Monthly time frame
RSI going up continuously, still not in overbought zone
MACD is looking good
Price is above 20 Months EMA
volume is good for past 4-5 months
Crossed 930 resistance with good volume
DII has increased holding in June and Sep 2024, FII has decreased holdings
Target 1 : 1160++
Target 2 : 1350 , This could be next Resistance
if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++
Triangle pattern breakout Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Triangle Double bottom breakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Triangle pattern breakout BSEPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
BSE is breaking out BSE is breaking out from its resistance with good candle and volume.
good consolidation near resistance and then breakout,
good for swing trade
United Drilling Breakout in DTF !!This share has given Breakout from its Triangle Pattern consolidation range with volumes and has the potential to retest its ATH !!
CMP: 266
Dip: 250
Tgt: 285,295,308,319,330+
SL: 195 below WCB
Chart only for Educational purpose !!
SKMEGGPROD - Keep an eye on this stockPrice consolidate since March 2024 and it seems ready to breakout the triangle pattern. But only problem I see is it is below the 200 EMA today. Lets see it is gonna breakout the Triangle in Weekly Timeframe.
Bullish Breakout on Indian Renewable Energy LtdThe stock of Indian Renewable Energy (NSE: INDIANRE) is showing strong bullish momentum, with a breakout above the descending trendline that has been acting as resistance for several weeks.
Key observations:
Trendline Breakout: The price has successfully closed above the descending trendline, signaling a potential trend reversal.
EMA Support: The stock is trading above the 200 EMA (currently at ₹190.05), confirming a shift in long-term sentiment to bullish.
Volume Spike: A significant increase in trading volume accompanied the breakout, adding credibility to the move.
RSI Momentum: The RSI is currently at 62.38, showing strength but still below the overbought zone, leaving room for further upside.
Trade Setup:
Entry: ₹218 (above the breakout candle's high for confirmation)
Stop Loss : ₹205 (below recent consolidation and EMA 200)
Target 1: ₹240 (prior resistance level)
Target 2: ₹260 (next major resistance zone)
Risk-Reward: This setup provides a favorable risk-reward ratio, with the potential to capitalize on the bullish momentum.
Disclaimer: This is for educational purposes only. Conduct your own research or consult a financial advisor before making trading decisions.
KRBL - Descending Triangel breakoutKRBL has shown a breakout from the Descending Triangle Pattern. But the follow up candle closed in Red. Keep this stock in radar and look for a upward movement.
Union Bank of India Triangle BreakoutThe stock is breaking out of a descending triangle pattern and has successfully retested the breakout level. A bullish momentum is expected as the retest holds strong, supported by rising volume and favorable technical indicators.
Trade Setup:
Entry: ₹126.06 (current price near breakout zone)
Stop Loss: ₹117.50 (below key support level)
Target: ₹159.88 (measured move based on triangle height projection)
Technical Observations:
200 EMA Support: The price has reclaimed the 200 EMA, indicating strong bullish sentiment.
RSI: The RSI is trending upwards near overbought territory but has room to rise further.
Volume: Increasing volume confirms breakout strength.
Strategy:
Long Entry: Enter above ₹126.06 after a breakout confirmation.
Risk-Reward: Favorable with a target near ₹159.88 offering significant upside potential.
Position Management: Trail stop loss once the price reaches ₹140 to secure profits.
RAMCO SYSTEM SET FOR BIG RUNRamco system today gave ascending triangle breakout on weekly charts. Stock gave 52 week high closing with good volume. Expected to test 700 at least in medium term and break all time high in next 12 month.
RIVN | Long Term | 100% ReturnCMP: 12.23
Entry price: 13.5
Target: 27.5
Return: 100%
The consolidation near a key support level is a strong signal of accumulation by buyers.
Watchout volume and retest in the breakout area.
PREMIERENE - ascending triangle - WatchlistThis chart show a technical analysis for Premier Energies Ltd.
The two panels display price action with candlesticks on the right and line chart on the left.
The yellow lines suggest a pattern analysis, likely an ascending triangle, as indicated by the higher lows and horizontal resistance around ₹1,267.95.
Key observations:
Resistance Level: ₹1,244 is acting as a major horizontal resistance.
Support Trendline: The yellow ascending trendline is connecting the higher lows, indicating bullish momentum.
Breakout Attempt: Today's price action suggests a potential breakout with significant volume ₹1,244 close is good buy.
Viaz Tyres Ltd: On the Verge of a Major Breakout or ReversalKey Highlights:
Resistance Zone (₹70-₹72):
The chart shows a well-defined resistance zone marked in red. This level has been tested multiple times without a breakout, making it a critical hurdle for the stock.
Ascending Trendline Support:
The blue trendline indicates a steady upward movement, with the stock consistently making higher lows. This trendline is currently acting as a strong support level, near ₹63.
Critical Support Level (₹53.90):
A red horizontal line at ₹53.90 highlights a strong support zone. If the price breaks below the ascending trendline, this level could act as the next major support.
Volume Analysis:
The stock is witnessing moderate volume near the consolidation phase, indicating indecision. A spike in volume could confirm a breakout or breakdown.
Potential Scenarios:
Bullish Outlook:
A breakout above ₹72 with strong volume could lead to a rally towards ₹85 or higher.
The ascending trendline suggests a positive bias as long as the price respects this support.
Bearish Outlook:
A breakdown below the trendline (₹63) may push the stock towards ₹53.90, the next support zone.
Failure to hold ₹53.90 could trigger further downside.
Takeaway:
The stock is currently consolidating between ₹65-₹72, forming a critical juncture for traders and investors. A breakout above resistance or breakdown below support levels will determine the next trend. Keep a close watch on volume for confirmation of the next move.
Crude oilThe chart is self-explanatory and is shared for educational purposes.
Crude oil is expected to break out of its triangle pattern. Therefore, keep an eye out for a suitable entry point.
RCF Limited: Triangle Breakout & Double Bottom FormationTechnical Analysis:
RCF Limited showcases a triangle chart pattern breakout supported by the formation of a double bottom pattern, a powerful bullish reversal signal. This dual pattern alignment strengthens the bullish case, with the breakout above 176 marking a key entry point for traders.
Trade Setup:
Entry: Above 176
Stop Loss (SL): 158
Target: 274
Pattern Highlights:
The triangle breakout confirms a shift in momentum, with increased buying pressure at critical levels.
The double bottom pattern indicates a strong reversal from the lows, adding confidence in the move toward the target price of 274.
With both a triangle breakout and a double bottom pattern in play, RCF Limited offers a compelling buy opportunity. A combination of technical signals and proper risk management with a stop loss at 158 provides an excellent setup for swing traders aiming for the 274 target. Ensure you monitor volume to confirm the breakout strength.
