Triangle
2 patterns in one chart - LICHSGFINI can see two patterns in the chart. Price formed cup and handle and before it gave break out, then price has formed an ascending triangle.
723 - 727 is the support zone. Both patterns are bullish.
Buy above 730 with the stop loss of 724 for the targets 735, 741 and 748.
Sell below 718 with the stop loss of 724 for the targets 713, 708 and 701.
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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.
GIPCL-A powerful breakout in this power sector stock!An eventful day after market reacted very positively to exit polls.
Today, all PSU stocks and Energy sector stocks were extremely bullish.
One such stock which has given volume breakout is GIPCL.
All momentum swing traders can take a position for quick returns in this stock.
However, risk associated is more as we can see a profit booking in market post results.
A good long term stock as well since it has the name Gujarat in it which makes the adjective "Powerful" for it ;)
MOTHERSON SUMI - Swing Trade Analysis - 14th June #stocksMOTHERSON SUMI (1W TF) - Swing Trade Analysis given on 14th June, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
RNDR Breakout: Triangle Pattern Leading to $20Render Token ( CRYPTOCAP:RNDR ) has formed a bullish ascending triangle pattern, a strong indicator of a potential upward breakout. Additionally, a bullish divergence has been identified, further reinforcing the likelihood of a positive price movement. RNDR is now bouncing from the trendline, showing strong buying interest and support at this level. These technical indicators suggest that RNDR could be heading towards a target of $20.
SOL/USDT Ascending Triangle: Path to $300#Solana ( CRYPTOCAP:SOL ) has formed an ascending triangle pattern, a bullish continuation pattern that often signals a potential upward breakout. Additionally, the RSI is in the oversold region, indicating that the asset may be undervalued and a reversal could be imminent. SOL is also bouncing from the Fibonacci retracement level of 0.78, suggesting strong support and buying interest at this level. As per the price action, these confluences point towards a potential bullish move. Keep an eye on the $300 target as #SOL continues its upward momentum.
ETHFI's Bullish Move Or Trap? Critical Levels To Watch Now!Yello Paradisers! Are we on the brink of a massive bullish breakout for #ETHFIUSDT, or is it a trap? Let's dive in and find out.
💎#ETHFI has formed a triangle pattern and is currently showing a W pattern at the demand zone, signaling a potential bullish move. Here's what to watch for:
💎We need an I-CHoCH from here. Alternatively, a breakout of the W pattern can indicate a bullish move, but it comes with risks. If you're planning to trade this, consider setting small profit targets for safety.
💎If the price breaks out and closes above the resistance zone, we can expect a bullish move. This confirmation is crucial for a confident entry.
💎If the candle closes below the demand zone, it will invalidate our bullish idea. In this case, it's better to wait for clearer price action before making any decisions.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Saregama-A breakout to have in watchlist!Saregama has been consolidating in an ascending triangle flag pattern since past 3 years after giving multibagger returns from 2020.
Stock is getting ready for a breakout. If stock gives weekly closing above 360, stock can move quickly towards 500 and them to 750.
Nifty media has been underperforming and this stock can fly once Media sector starts its bull run.
Swan Energy - Breakout Soon#swanenergy #Swingtrade #breakouttrade #patterntrading #Symmetricaltrianglepattern
Swan Energy (swing trade)
>> Breakout candidate
>> Symmetrical Triangle pattern
>> Risk Reward favorable
>> Good strength in stock
Swing Traders can lock 10% profit & 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.
DLF - 3 in 1Patterns I see in the chart are 1. Symmetrical triangle 2. Bull pennant 3. Bull flag. I like symmetrical triangle as it has the chance of moving the price up or down.
Resistance is seen at 880 zone. Support is seen at 860 zone. So price has the opportunity to move within 860 to 880 and form a range.
Buy above 874 with the stop loss of 868 for the targets 879, 884, 890 and 898.
Sell below 858 with the stop loss of 864 for the targets 852, 846, 840 and 832.
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.
Price in RangePrice is in Symmetrical triangle pattern.
Wait for the upper trendline breakout with conformation candle.
If breaks the trend line can be good setup and if candle low gets broken then wait for the next ret price retracement for the price to breakout the trendline zone in either direction.
NOTE: I do my analysis, do your before trade.