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Triangle

Symmetrical Triangle Breakout: INOX WIND LTD (INOXWIND)INOX WIND LTD is showing strong bullish momentum. The price is above key moving averages, and the RSI is in a bullish zone. The MACD is also indicating a bullish trend. Additionally, the chart is forming a symmetrical triangle pattern, which could lead to a significant breakout. A potential target can be determined based on the measured move from the symmetrical triangle. A stop-loss can be placed below the recent swing low. Moving Averages: The 20-day and 50-day exponential moving averages are both above the price, suggesting a bullish trend. RSI: The RSI is currently above 50, indicating a bullish trend. However, it is approaching the overbought zone, which could suggest a potential short-term pullback. MACD: The MACD line is above the signal line, indicating a bullish trend. Volume: The volume has been increasing during the uptrend, which is a positive
NSE:INOXWINDLong
by supertraders_india
FLUOROCHEM - Symmetrical Triangle -Breakout-wklyFLUOROCHEM - Symmetrical Triangle -Breakout-wkly Name - FLUOROCHEM Pattern - symmetrical triangle Timeframe - Wkly Status - Breakout Volume - Very Good Cmp - 3808 Target - 4883 SL - 3580 key fundamental ratios for Gujarat Fluorochemicals Ltd (FLUOROCHEM): Ratio Value Market Capitalization ₹41,812 Cr Price to Earnings (P/E) 122.43 Price to Book (P/B) 6.09 Return on Equity (ROE) 7.59% Earnings Per Share (EPS) 31.11 Net Profit Margin 9.18% Operating Profit Margin 14.37% Debt to Equity Ratio 0.338 Dividend Yield 0.08%1 Always welcome for any comments with your feedback or give it a like if you find it useful.
NSE:FLUOROCHEMLong
by VCharts_TA
SBICARD - Bullish Descending Triangle -Breakout - WklySBICARD - Bullish Descending Triangle -Breakout - Wkly- Name - SBICARD Pattern - Descending triangle Timeframe - Wkly Status - Breakout Volume - Very Good Cmp - 800 Target - 930,1029, 1060 and 1256 SL - 765 A descending triangle consists of: A descending trendline (resistance): As the price moves lower and posts lower highs, it will create a falling trendline A horizontal trendline (support): This line represents a key level of support
NSE:SBICARDLong
by VCharts_TA
Valiant Organics - Double bottom and descending triangleCMP - 411 TARGET – 1800 ⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️ Description: A descending triangle refers to a chart pattern used in technical analysis that is characterized by a descending upper trendline and a second, flatter horizontal trendline forming a support level. Downtrend: The market in question must be in an existing downtrend before the descending triangle pattern appears. Consolidation Phase: The descending triangle appears when the market is entering the consolidation phase. Descending Upper Trendline: Building on the second point, a downward sloping trendline can be drawn by connecting the upper points and indicates that the sellers are gradually pulling prices down. Horizontal Lower Trendline: The lower horizontal trendline primarily acts as a support, and prices often approach the level until the breakout occurs.
NSE:VALIANTORG
by Imran_I_Ahmed
A SHORT TRADE SETUP - NIFTY50NSE:NIFTY ❇️ Good trade setup in Nifty50. ❇️In daily time frame there is continuous buying. From straight 14 days. Not a single candle closed in red. ❇️ Now as per the pmi data of us. (Ecomomy) Above estimate which is not good for the us markets. Thats why dow jones crash more then 700 points. And nasdaq slip over 600 points. ❇️ Nifty forming symmetrical triangle pattern in 15 mint chart. As per the gift nifty shows 120 points down we can expect a down fall from this pattern. Wait for 5 mint candle closing near entry point. ❇️ Stopploss should be slightly above previous closing. ❇️ Achievable targets are. 25155-25125-25025. ❇️use your trailing stopploss after seeing profits. 👉🏻 @thetradeforecast 🇮🇳
NSE:NIFTYShort
by thetradeforecast
1
Keep in Radar Keep an eye into the stock It has formed a Symmetrical triangle and is on the verge of breakout. Historical chart tells us that the stock gave a good upside momentum of approx 32% after breakout of symmetrical triangle. If the stock gives a good daily breakout candle one can enter with stoploss below candle low. Breakdown will negate our view in the stock. Volume analysis shows that during consolidation volume has dried up. Keep Learning, Keep Trading. ⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀
NSE:MGLLong
by thechartedtrader