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Triangle

SAMHI HOTELS - TRIANGLE PATTERN - DAILY CHARTSAMHI HOTELS is making a Triangle Pattern at daily chart. It has touched the resistance trendline 5-6 times, spent 4 months in this Triangle. Now there is a probability of breakout. A strong green candle is needed. If it gives a breakout above 200 and sustain then there is probability of 14-16% gain. SL: Low of the Green Breakout Candle. 168 is a Strong Support, even the 4th June fall didn't break it. For learning and educational purposes only.
NSE:SAMHI
by SatpalS
Good buy HindalcoHindalco is fundamentally a very good stock and has given good returns in the past. Currently, it has formed and given a breakout of a symmetric triangle pattern in a weekly timeframe with good volumen and trading in a daily/weekly channel. It has cleared its first resistance which was a zone of 450 and is now ready to travel up to the upper body of the channel. A fresh position can be created at CMP or in the dip in the price zone of 410-430. Keep a strict stop loss of 380. It has the potential to give a return of 20-30% in the coming weeks. Happy trading :)
NSE:HINDALCOLong
by ProPriceActionTrading
VoltasPrice is consolidating in the form of symmetrical triangle. As per this pattern break out can be in any direction. Buy above 1485 with the stop loss of 1478 for the targets 1492, 1500, 1508 and 1516. Sell below 1470 with the stop loss of 1478 for the targets 1462, 1455, 1448 and 1440. 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:VOLTAS
by vanathi
SmallMidCap CrackdownImpact that you see in smallmidcap indices 1. SmallCap 100 index has been travelling 1 way route since Feb '23. ~92%. 2. SmallCap 100 index reached 161.8% fib level. 3. SEBI has expressed worry over the substantial 92% increase in small-cap fund inflows during the first 10 months of this fiscal year, compared to the entire previous fiscal year. This surge has prompted SEBI to demand enhanced disclosures and investor protection policies from mutual funds. 4. Recently read a post where how many days it would take smallcap funds to create liquidity to settle on redemption(firesale) If symmetrical triangle breaks down in this week closure, 11.95% height of the triangle could lead to 61.8% fib level of ~13646.35. If breakdown & Mkt is still bullish then 38.2% fib level support is at 14737.50. It's good upto this.
NSE:CNXSMALLCAP
by naraykln