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Triangle

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. Hit the like button to Rock !! Show some energy !! 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.
NSE:NIFTY
by vanathi
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.
NSE:SWSOLARLong
by SANJAYPATIDAR_
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
NSE:CHENNPETROLong
by TradeRyteStockz
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 Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:SUMICHEMLong
by moneyfesttrading
4
HOW TO USE DESCENDING TRIANGLE AS A SETUP?This is Berger Paint stock. In this stock Descending triangle is forming. * What is the Descending triangle pattern? - A descending triangle is a chart pattern used in technical analysis created by drawing one trend line connecting a series of lower highs and a second horizontal trend line connecting a series of lows. A regular descending triangle pattern is commonly considered a bearish chart pattern or a continuation pattern with an established downtrend. However, a descending triangle pattern can also be bullish, with a breakout in the opposite direction, and is known as a reversal pattern. So here it is in Bandhan Bank support is at 190. and stock is in the accumulation phase from the long term. From above we will connect lower high and down we make a support zone. Now stock is in stock and ready to fly. * How will we know that stock is ready to move using descending triangle? - Lower High - Time at support zone - Bullish Candle at support All this step is to be followed. Then it is the best setup. -
NSE:BANDHANBNKLong
by capitalsmack
Triangle Pattern Breakout is on the way in IndiaMart IntermeshHello everyone i hope you all will be doing good,, today i have brought a stock which is still trading inside the triangle pattern, but there is higher probability we will see huge breakout very soon with huge volume on all time frame. Stock is really good name is IndiaMART, and it is the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating the Small and Medium Businesses (SMEs) into the new paradigm with speed and ease, we are constantly pushing the frontiers of innovation to make the online marketplace more accessible, visible and engaging to them. Largest in the industry:- The company commands nearly 60% market share of the online B2B classifieds space which makes it the largest player in the industry. Well Diversified Marketplace:- As of FY24, their website has ~108 million product listings from 56 different industries, making them one of the most diversified marketplaces in Indian. No single industry accounts for >8% of total paying suppliers. Construction & Building Raw Material is the largest category in the marketplace and covers ~8% of it. There are ~98,000 product categories. Logistics Partner:- Commercial Vehicles - Tata Motors, Mahindra, Piaggio, Atul Auto, TVS. Merger of Subsidiaries:- In March,24, the company merged the WOS Hello Trade Online Private Limited and Tolexo Online Private Limited into Busy Infotech Private Limited. Technically stock has not given breakout yet, but there is higher probability breakout is coming soon, it is just on the way. Stock is good, it has monopoly in business, it is having 60% market share. I think it has potential to become multibagger in long term, so if anybody wants to go long term investing, then this is one of the kind of that stock, invest and forget type. So take it or regret later... In short term to medium term, i already mention the levels please go accordingly. Disclaimer:-Personally i am holding this stock for long term with lower levels. Market Cap ₹ 16,134 Cr. Current Price ₹ 2,690 High / Low ₹ 3,336 / 2,229 Stock P/E 48.2 Book Value ₹ 289 Dividend Yield 0.74 % ROCE 23.9 % ROE 17.6 % Face Value ₹ 10.0 Industry PE 62.3 Debt ₹ 40.7 Cr. EPS ₹ 55.7 Promoter holding 49.2 % Intrinsic Value ₹ 1,559 Pledged percentage 0.00 % EVEBITDA 32.1 Change in Prom Hold 0.00 % Profit Var 5Yrs 75.6 % Sales growth 5Years 18.7 % Return over 5years 32.4 % Debt to equity 0.02 Net profit ₹ 334 Cr. ROE 5Yr 19.8 % Profit growth 18.2 % Earnings yield 2.88 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:INDIAMARTLong
by TraderRahulPal
1
GTPL - Symmetrical Triangle Breakout with Retest - Bullish LongGTPL Hathway Ltd. (NSE: GTPL) has recently broken out of a symmetrical triangle pattern on the daily chart. The breakout has been followed by a successful retest, indicating a strong bullish signal. A Symmetrical Triangle Breakout would indicate a continuation of prior trend, which is bullish in the long-term, as shown by the Monthly Chart below. I have also given a possible long-term channel for GTPL. The support at the bottom of the channel has been tested multiple times, as shown. We'll have to see if the top also holds but that is a long time away. On the Monthly time-frame, the RSI is also on an upward trajectory, as shown. Please comment with your views on the set-up. Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:GTPLLong
by gurinder1988
Gujarat Containers - Week - Breakout from Symmetrical Triangle?Analyzed the weekly chart of Gujarat Containers Ltd. (BSE: 523108), which is showing a promising breakout from a symmetrical triangle pattern. As you can see, the price has broken out of the Trendline recently and has performed a retest as well. Bullish Divergence on Daily: Recently a Divergence was also observed on the Daily Chart where the Price made a Lower Low while the RSI made a Higher Low. The RSI has been on an upward trajectory since. This setup looks quite promising for a continued upward move. What do you guys think? Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
BSE:GUJCONTLong
by gurinder1988
BREAKOUT IN PTC INDIA 📌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 -PTC INDIA- • 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
NSE:PTCLong
by Trading_Old_School
SJVN - Swing Trade Analysis - 12th July #stocksSJVN (1W TF) - Swing Trade Analysis given on 12th 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
NSE:SJVNLong
by TradeRyteStockz
HCCC : Swing Trade#Swingtrade #HCC #breakout #VCP HCC : Swing Trade >> Breakout & Retest Done >> VCP Visible >> Trending Setup >> Good Strength & Volumes >> Good Risk & Reward Trade Swing Traders can lock 10% profit & keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:HCCLong
by moneyfesttrading
NHPC - Medium Term Analysis### Volume Contraction Pattern 1. **Ascending Triangle**: The price action forms an ascending triangle, which is typically a bullish continuation pattern. The price is making higher lows while the resistance level remains relatively flat. 2. **Volume**: There's a noticeable decrease in volume during the formation of the triangle, which is common as traders await a breakout. ### RSI Breakout 1. **RSI Indicator**: The Relative Strength Index (RSI) is breaking above the downtrend line, which is a bullish signal indicating increasing momentum. 2. **Current RSI Level**: The RSI value is 73.30, which is in the overbought territory. This could imply strong buying pressure, but also warrants caution for a potential pullback. ### Price Levels 1. **Current Price**: The stock is trading at INR 114.07. 2. **Resistance Levels**: Key resistance levels are identified at INR 145.27 and INR 176.28. These levels can serve as potential targets if the breakout sustains. ### Overall Analysis - **Bullish Outlook**: The breakout above the ascending triangle's resistance, combined with the RSI breakout, suggests a strong bullish momentum. - **Volume Confirmation**: Ideally, a breakout should be accompanied by an increase in volume to confirm the strength of the move. - **Caution on Overbought RSI**: Although the RSI breakout is bullish, the overbought level suggests that there might be a short-term pullback before the price continues higher. ### Strategy - **Entry**: Consider entering a position if the price sustains above the breakout level with increased volume. - **Targets**: Set targets around the identified resistance levels (INR 145.27 and INR 176.28). - **Stop-Loss**: Place a stop-loss slightly below the breakout level or the most recent swing low within the triangle to manage risk. This analysis assumes a bullish bias given the technical indicators. However, always consider broader market conditions and perform due diligence before making any trading decisions.
NSE:NHPC
by brijmohan_h