Triangle
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
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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
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.
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 🇮🇳
Tilaknagar IndustriesTI
Classical Ascending Triangle Pattern Breakout
Stock breaks the resistance at 290 levels and gave a close above 300 in daily timeframe today
Can be bought if it retraces to 285 - 295 levels in future for a better risk reward
Interesting Buying volumes can be seen from last two weeks
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! 😊🚀
HDFCLIFE -Symmetrical Triangle -Breakout-wkly HDFCLIFE -Symmetrical Triangle -Breakout-wkly
Name - HDFCLIFE
Pattern - symmetrical triangle
Timeframe - Wkly
Status - Breakout
Volume - Good
Cmp - 745
Target - 1032
SL - 664
Pattern:
A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out.
Fundamental ratios:
Here are some key fundamental ratios for HDFC Life Insurance Company Ltd. (HDFCLIFE):
Profitability Ratios:
Return on Equity (ROE): 8.5%
Return on Capital Employed (ROCE): 0.64%
Net Profit Margin: 6%
Valuation Ratios:
Price to Earnings (P/E) Ratio: 80.5
Price to Book (P/B) Ratio: 6.5
Solvency Ratios:
Debt to Equity Ratio: 0.04
Current Ratio: 0.9
Interest Coverage Ratio: 58.91
Efficiency Ratios:
Asset Turnover Ratio: 0.1
Expense Ratio: 11.1%
ADANIGREENADANIGREEN
Resistance Line (Red):
The upper red dashed line is acting as a resistance line, where the price has previously struggled to break through (as indicated by the red arrows).
Support Line (Red):
The lower red dashed line is the support level, where the price has bounced back up (as indicated by the green arrows).
Possible Breakout Scenarios
Bullish Breakout (Scenario 1): If the price breaks above the resistance line, the stock could potentially move higher towards the next resistance level around ₹3,050, as indicated by the dashed blue line with label "1".
Bearish Breakdown (Scenario 2): If the price breaks below the support line, it could drop significantly, potentially moving towards the lower level around ₹400, as indicated by the dashed blue line with label "2".
Scenario 1: Bullish Breakout
Breakout Level: Around ₹2,000 to ₹2,050.
1First Target: ₹2,400 - This is the first level of resistance, where the stock previously faced selling pressure.
Second Target: ₹3,050 - The upper resistance level, marked as "High" on the chart. This could be a medium-term target if the bullish momentum continues.
Extended Target: ₹3,600 - If the momentum is strong and supported by increasing volume, the stock could potentially reach this level, which would be a measured move based on the height of the triangle pattern.
Scenario 2: Bearish Breakdown
Breakdown Level: Below ₹1,750.
First Target: ₹1,400 - This is a key support level from the previous swing low, and it might act as a buffer before further decline.
Second Target: ₹800 - This is a more substantial support level that aligns with previous significant lows in 2022.
Extended Target: ₹400 - This is the lower extreme marked by the chart, which could be reached in a severe bearish scenario, possibly driven by a market-wide correction or negative news specific to the company.
Stop-Loss Strategy:
Bullish Trade: Place a stop-loss just below the breakout point, around ₹1,750, to protect against a false breakout.
Bearish Trade: Place a stop-loss just above the breakdown point, around ₹2,050, to safeguard against a false breakdown.
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epro-bullswings dt02/09/24
STARHEALTH - Symmetric Triangle Breakout🔊 STARHEALTH - Symmetric Triangle Breakout
STARHEALTH - STAR HEALTH & AL INS CO LTD
⌛Duration - Short Term (4 month to 8 month)
📊📈 Trade Logic -Symmetric Triangle Breakout
CMP - ₹628.65
Time Frame - Weekly
🎯Target 1 : ₹760
🎯Target 2 : ₹830
🎯Target 3 : ₹900
🛑 Stop : ₹560
🏆 Risk/Reward Ratio (1: 4.25)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.