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Triangle

Union Bank of India Triangle BreakoutThe stock is breaking out of a descending triangle pattern and has successfully retested the breakout level. A bullish momentum is expected as the retest holds strong, supported by rising volume and favorable technical indicators. Trade Setup: Entry: ₹126.06 (current price near breakout zone) Stop Loss: ₹117.50 (below key support level) Target: ₹159.88 (measured move based on triangle height projection) Technical Observations: 200 EMA Support: The price has reclaimed the 200 EMA, indicating strong bullish sentiment. RSI: The RSI is trending upwards near overbought territory but has room to rise further. Volume: Increasing volume confirms breakout strength. Strategy: Long Entry: Enter above ₹126.06 after a breakout confirmation. Risk-Reward: Favorable with a target near ₹159.88 offering significant upside potential. Position Management: Trail stop loss once the price reaches ₹140 to secure profits.
NSE:UNIONBANKLong
by kausar13n
PREMIERENE - ascending triangle - WatchlistThis chart show a technical analysis for Premier Energies Ltd. The two panels display price action with candlesticks on the right and line chart on the left. The yellow lines suggest a pattern analysis, likely an ascending triangle, as indicated by the higher lows and horizontal resistance around ₹1,267.95. Key observations: Resistance Level: ₹1,244 is acting as a major horizontal resistance. Support Trendline: The yellow ascending trendline is connecting the higher lows, indicating bullish momentum. Breakout Attempt: Today's price action suggests a potential breakout with significant volume ₹1,244 close is good buy.
NSE:PREMIERENELong
by DailyCharts03
Viaz Tyres Ltd: On the Verge of a Major Breakout or ReversalKey Highlights: Resistance Zone (₹70-₹72): The chart shows a well-defined resistance zone marked in red. This level has been tested multiple times without a breakout, making it a critical hurdle for the stock. Ascending Trendline Support: The blue trendline indicates a steady upward movement, with the stock consistently making higher lows. This trendline is currently acting as a strong support level, near ₹63. Critical Support Level (₹53.90): A red horizontal line at ₹53.90 highlights a strong support zone. If the price breaks below the ascending trendline, this level could act as the next major support. Volume Analysis: The stock is witnessing moderate volume near the consolidation phase, indicating indecision. A spike in volume could confirm a breakout or breakdown. Potential Scenarios: Bullish Outlook: A breakout above ₹72 with strong volume could lead to a rally towards ₹85 or higher. The ascending trendline suggests a positive bias as long as the price respects this support. Bearish Outlook: A breakdown below the trendline (₹63) may push the stock towards ₹53.90, the next support zone. Failure to hold ₹53.90 could trigger further downside. Takeaway: The stock is currently consolidating between ₹65-₹72, forming a critical juncture for traders and investors. A breakout above resistance or breakdown below support levels will determine the next trend. Keep a close watch on volume for confirmation of the next move.
NSE:VIAZLong
by ayusharya_001
RCF Limited: Triangle Breakout & Double Bottom FormationTechnical Analysis: RCF Limited showcases a triangle chart pattern breakout supported by the formation of a double bottom pattern, a powerful bullish reversal signal. This dual pattern alignment strengthens the bullish case, with the breakout above 176 marking a key entry point for traders. Trade Setup: Entry: Above 176 Stop Loss (SL): 158 Target: 274 Pattern Highlights: The triangle breakout confirms a shift in momentum, with increased buying pressure at critical levels. The double bottom pattern indicates a strong reversal from the lows, adding confidence in the move toward the target price of 274. With both a triangle breakout and a double bottom pattern in play, RCF Limited offers a compelling buy opportunity. A combination of technical signals and proper risk management with a stop loss at 158 provides an excellent setup for swing traders aiming for the 274 target. Ensure you monitor volume to confirm the breakout strength.
NSE:RCFLong
by kausar13n
Prajindustries All set for a breakout? ✅Bullish Engulfing from support levels. ✅Good Volume ✅Dry volume when pulling back. ✅Trading above Key DMAs. ❗️Positional SL is very deep(20%)- Adjust SL as per your appetite and position sizing technique. Position sizing is very important if you are building positions. Aggressive trader's SL after the breakout is 761 closing basis. The view is personal. Please do your due diligence before trading. This is not a buy-sell recommendation. We missed the ideal entry when the stock broke out of the trendline area ( 718-19 range) -Market Cap₹ 14,798 Cr. -Current Price₹ 803 -Stock P/E 53.2 -ROCE29.3 % -ROE23.3 %
NSE:PRAJINDLong
by sagartharayil
#KFINTECH Primed for a Major Breakout!📊 Stock Analysis: #KFINTECH Primed for a Major Breakout! 📊 📈 Minor Breakout Achieved: #KFINTECH has delivered a minor breakout at its current level and is showing strong momentum as it approaches a major resistance level. With the stock frequently testing this resistance, the level is now significantly strengthened, increasing the likelihood of a further breakout. 🔥 This is a pre-breakout entry opportunity, offering a chance to ride the potential breakout rally early. However, given the overall market's weak to moderate stance, it’s crucial to follow a strict stop loss to mitigate risk in a volatile environment. 🚨 Target: 1220-1300 Stop Loss: 1027 Trade Risk Free Exit (20-30%): 1140 R/R Ratio: 4-5 💡 Keep #KFINTECH on your radar as it approaches a pivotal moment! 👀 📢 Disclaimer: This analysis is for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions. 💼 #StockMarket #TechnicalAnalysis #BreakoutStocks #MomentumTrade #InvestSmart
NSE:KFINTECHLong
by nemi-chand
#CDSL Poised for a Breakout!📊 Stock Analysis: #CDSL Poised for a Breakout! 📊 📈 Breakout on the Horizon: Over the last couple of sessions, #CDSL has displayed notable strength, making another attempt to break out. While its previous breakout attempt was hindered by market volatility, frequent resistance tests typically strengthen that level, increasing the likelihood of a successful breakout this time. 🔥 With the broader market signaling a rebound after finding support, momentum is building, providing a favorable setup for #CDSL to achieve a strong breakout. This resilience is a bullish sign, but it’s critical to follow a strict stop loss as the market's stance remains weak to moderate. 🚨 Target: 1700-1800 Stop Loss: 1480 Trade Risk Free Exit (20-30%): 1620 R/R Ratio: 3-4 💡 Keep #CDSL on your radar for its potential to capitalize on the renewed momentum! 👀 📢 Disclaimer: This analysis is for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions. 💼 #StockMarket #TechnicalAnalysis #BreakoutStocks #MomentumTrade #InvestSmart
NSE:CDSLLong
by nemi-chand
8
SHILPA MEDICARE : Breakout Candidate - Swing Pick#SHILPAMED #breakout #chartpattern #vcppattern #trianglepattern #continuationpattern SHILPAMED : Swing Trade >> VCP pattern Visible >> Ascending Triangle Pattern which is a Continuation pattern >> Trending Setup >> Good Strength & Volumes >> Low Risk High Reward Trade Swing Traders can lock profit @ 10% and keep trailing Note : In the Current market scenario, Setup's can fail easily so Trade only best Setups with Good Risk Management and proper Position Sizing Disclaimer : This is not a Trade Recommendation, Charts shared are for Learning Purpose. Do not take Positions without consulting ur Financial Advisor
NSE:SHILPAMEDLong
by moneyfesttrading
1
Delta Manufacturing Ltd. Based on Symmetrical Triangle Pattern 1. Pattern Analysis - Symmetrical Triangle Pattern: - Timeframe: 3.4 Years - Description: The price has been forming a symmetrical triangle, characterized by a series of higher lows (support) and lower highs (resistance). This pattern signifies indecision in the market, often resolving in a sharp breakout or breakdown. - The narrowing range between ₹75 (support) and ₹115 (resistance) highlights increasing compression, signaling an imminent move. 2. Volume Analysis - Volume Behavior: - Volume has been consistently declining throughout the formation of the triangle, which is typical of this pattern, indicating accumulation or distribution. - A sharp increase in volume is expected at the breakout point to confirm the direction. 3. Price Action Analysis - Key Resistance Level: - ₹115: The upper boundary of the triangle, serving as the breakout level for a bullish move. - Support Levels: - ₹75: The lower boundary of the triangle, which provides a critical support level. - Candlestick Analysis: - Current candlesticks show a consolidation phase near the mid-range of the triangle, reflecting indecision. A breakout candlestick with strong volume would validate the move. 4. Validation of Signal - A breakout above ₹115 with increased volume would confirm a bullish breakout. - Conversely, a breakdown below ₹75 with strong volume would indicate a bearish move. 5. Target Setting - Symmetrical Triangle Target Calculation: - Height of the triangle: ₹115 - ₹75 = ₹40. - Bullish Target: ₹115 + ₹40 = ₹155. - Bearish Target: ₹75 - ₹40 = ₹35. - Incremental Bullish Targets: - Target 1: ₹130 (+15% from ₹115). - Target 2: ₹155 (+35% from ₹115). 6. Entry and Stop Loss - Entry Levels: - Bullish: Enter above ₹115 after breakout confirmation. - Bearish: Enter below ₹75 after breakdown confirmation. - Stop Loss: - Bullish Setup: Place a stop loss at ₹100, below recent consolidation. - Bearish Setup: Place a stop loss at ₹85, above recent consolidation. 7. Trade Setup Summary - Bullish Setup: - Entry: Above ₹115. - Targets: ₹130, ₹155. - Stop Loss: ₹100. - Bearish Setup: - Entry: Below ₹75. - Targets: ₹60, ₹35. - Stop Loss: ₹85. 8. Final Notes Delta Manufacturing Ltd. is at a critical juncture, with the symmetrical triangle nearing its apex. A breakout in either direction, confirmed by volume, will present a high-probability trade setup. Traders should monitor the ₹115 and ₹75 levels closely, as they will determine the trend direction.
NSE:DELTAMAGNTLong
by Mr_Chartist_