INFOSYS - TRIANGLE PATTERN - MONTHLY CHARTInfosys has given Triangle Pattern breakout at monthly chart, looks positive as per Price Action.
For learning and educational purposes only, not an advice.
Triangle
$NSE:GLOBE: Still NOT TOO late to BUYSummary:
NSE:GLOBE Globe Textiles exhibits strong fundamentals with a high Piotroski score of 8 and is trading at a reasonable PE ratio of 15. The stock has shown a strong technical breakout with significant volume, indicating potential for further upside.
Fundamentals:
Very strong fundamentals
High Piotroski score of 8
Currently trading at a PE ratio of 15
High-performing player in the textiles industry
Technical:
Strong volume peak after consolidation, indicating potential institutional buying
Strong breakout, still not too late to buy
Good liquidity
Trade Setup:
Entry: Current Market Price
Stop Loss: Conservative stop loss level based on recent support (4.50)
Potential Upside: 8.50 NSE:GLOBE
Long PIIND FOR TARGET OF 4200PIIND is trading in symmetrical triangle pattern on daily charts.
Currently inside the triangular channel. Once breakout is confirmed.
We can see piind moving to new highs in future. Another positive found is moving average crossovers occurring on weekly charts.
Wait for breakout confirmation to enter.
All targets are marked on chart.
Follow stop loss as the triangle breakout point on either side. Strictly on closing basis
BREAKOUT IN UCO BANK📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -UCO BANK-
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
Laxmi Organic - Bullish Divergence and Breakout from TriangleWeekly Chart Insights:
Symmetrical Triangle Pattern: Over the past years, Laxmi Organic Industries Ltd has formed a symmetrical triangle.
Breakout Confirmation: Recently, the price broke above the upper trendline of the triangle.
Retest of Breakout: The price action is retested the breakout at the Trendline and has moved upwards now.
Bullish Divergence:
Time Period - 26 March to 12th May
Lower Low in Price - Price went from 235.2 to 228.5
Higher Low in RSI - RSI went from 37.2 to 37.6
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
IOC Looks ready for another rally from the base1. Retest the trendline
2. Retested the Previous ATH
3. Price surge above the 20-50 DMA with good volumes
4. Good First entry point
5. For further confirmation wait for breakout and retest
Libas - Potential Bullish Divergence in Descending TriangleLibas Designs Ltd. is currently trading within a descending triangle pattern. A potential bullish divergence between the price action and the RSI could indicate an upcoming trend reversal.
Technical Analysis:
Descending Triangle Pattern: The stock has been consolidating within a descending triangle pattern, characterized by lower highs and a strong support level around ₹16.5.
Lower Low in Price: The price recently made a lower low, near the support level of the triangle.
Higher Low in RSI: Simultaneously, the RSI (14) made a higher low, creating a bullish divergence. This suggests that the selling pressure is weakening, despite the price making a new low.
Volume Analysis: Volume has been decreasing during the formation of the triangle, which is typical for this pattern and indicates a potential buildup before a breakout.
Trade Setup:
Entry Point: I would wait for a breakout and retest above the top trendline. Probably somewhere above the 17.5 mark.
Stop Loss: A stop loss below ₹16.00, just under the recent support level, to manage risk effectively.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
BTC bullish trend continueIt looks like, BTC will continue the bullish trend. Triangle pattern is already broken. People can follow the given targets.
SJVN Analysis for Long Term!NSE:SJVN Analysis!
SJVN Analysis on a Daily Timeframe!
Triangle Pattern formation in SJVN!
Triangle Pattern Breakout in SJVN!
Analysis:
SJVN was trading in a Triangle pattern. Yesterday it gave a powerful breakout to its resistance line with significant amount of volume. Also consider the 20, 50, 100 period EMA as these are also acting as a Support and Resistance as the price is respecting them it is moving ahead with them. Rest of the Analysis is on the chart itself please study it thoroughly.
Trade Setup:
Entry = Current price level is good to Enter but always enter 0.50rs above the previous day high.
Target = 226.64
Stop Loss = Below 136.11 or as per your Risk to Reward
Disclaimer = Consider my analysis for Educational Purpose only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
AVANTI FEEDS | Pole and Flag | Ascending Triangle BreakoutChart Analysis
1) Ascending Triangle Breakout
2) Pole and Flag formation
3) Good Volume support
Indus tower near a strong demand zoneIndus tower is in continuous downtrend and now, it is on a strong weekly demand zone.
A small pull back, at least can be expected from this level. Even for a continuation of bear trend, a lower high has to be made.
However, entry can be confirmed only when there is a small breakdown from the level and subsequent strong buying is done, i.e. a bear trap.
BANKNIFTY LONGBankNifty is trading in a consolidation of an ascending triangle with a strong resistance at 52750-52800. Market is being cautious before the budget and quarterly results of major private sector banks.
BNF is sustaining at 52400-52450. A strong closing above 52500 will help to test the next resistance. A breakout above 52800 with a day closing will extend this rally to 53300 and lifetime high to touch 52500.
GREENPANEL - Weekly AnalysisIn the Weekly Chart of GREENPANEL ,
we can see that; it is inside a Triangle.
Also its has created a inside candle.
Enter on breaking its high with low as SL.
Possible momentums are shown in chart.
ICICI Bank: A Lucrative Triangle Breakout for Swing TradersTraders, a golden opportunity unfolds as ICICI Bank exhibits a compelling triangle breakout, marking a significant turn for those eyeing short-term gains. This technical pattern, a harbinger of potential upward momentum, invites us to dive deeper and explore the swing trading prospects it presents.
Key Observations:
Breakout Confirmation: The breakout is validated by a surge in trading volume, an essential indicator of the strength behind the move.
Support and Resistance Levels: Post-breakout, the previous resistance level of the triangle now serves as a strong support zone. Swing traders should monitor these levels for potential entry and exit points.
Swing Trading Strategy:
Entry Point: Consider entering close to the breakout point, ensuring the move is backed by substantial volume.
Stop Loss: To manage risk effectively, place a stop loss just below the newly formed support level, minimizing potential losses if the trend reverses.
Profit Targets: Set initial profit targets at the next significant resistance level, with the option to adjust based on the strength of the market's momentum.
Bsoft Cmp 732 Triangle BO with Volumes dated 12-7-2024
1. Triangle BO @ 730 (done)
2. Price Rise with Volumes
Buy above 735 target 750-760-770-780-790-800
810-835-855 SL 680
It is just a view, please trade at your own risk.
Mighty Nifty - July 18We had a choppy and narrow range movement yesterday. now it is at support. Sustaining above 24600 is important to be bullish.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 24620.
Stop Loss : 24580.
Targets : 24660, 24700, 24740 and 24780.
Sell below : 24500.
Stop Loss : 24540.
Targets : 24460, 24420 and 24380.
Check the live market updates.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
SWSOLAR - Start of Up-Leg in a triangle consolidation.NSE:SWSOLAR
Company Info:
Sterling & Wilson Renewable Energy Ltd. provides solar engineering, procurement and construction (EPC) solutions. The firm provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering and manage all aspects of project execution from conceptualizing to commissioning.
Technical Chart:
Day chart analysis. 🧐
🔹Trend: The stock is in a major up trend but recently it went into a triangle consolidation.
🔹Swing: It is recently forming a bear leg towards the support trendline with a very slow pace and low volume showing weakness in sellers and just a correction in the major trend.
👉the current price also has clusters of EMA.
🔹View: Breakout of the recent range from support area.
🟢Entry: Above 715+ On breakout some qty and remaining on confirmation of close of day candle.
♦️Risk:- 650 should be the level for the stop as it is below all major support clusters, including the price filter of day candle closing basis only.
🎯Target:- Levels mentioned on chart.
Detailed analysis on chart Study it and mark levels on your chart
Keep Learning,
Happy trading.
INFOSYS LTD LONG Key Points to consider-
1. The stock finally showed a multi-pattern breakout from the ascending triangle and the
rounding bottom pattern in a weekly time frame.
2. Good volume buildup can also be visible for several weeks.
3. Entry can be made upon breaking the previous day's high levels of 1739.
Disclaimer- This is only for study purposes and not a buy recommendation
PEL | Swing Trade | Ascending Triangle & Channel BreakoutPEL | Swing Trade | Ascending Triangle & Channel Breakout
Chart Analysis
1) Channel pattern breakout
2) Ascending triangle breakout
3) Breakout after longtime
CHENNAI PETRO - Swing Trade Analysis - 11th July #stocksCHENNAI PETRO (1D TF) - Swing Trade Analysis given on 11th July, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress
Please Note:
- Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing
- Always work in probabilities and always keep your SL in play constantly
* Disclaimer
SUMICHEM : Breakout Candidate#SUMICHEM #patterntrading #chartpattern
SUMICHEM : Swing Trade
>> Ascending Triangle Pattern
>> Trending Setup
>> Good Strength & Volume in Stock
>> Good Risk Reward Trade
Swing Traders can lock profit at 10% and keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
