breakout conformation twiceGood volume buildup in last couple of days.
First breakout- symmetrical triangle breakout with good volume.
Second conformation- recent ATH breakout with good volume.
RSI divergence in 1day timeframe- positive indication.
Wait for retest on trend line for conformation or breakout of current candle.
NOTE: I do my analysis, do yours before trade.
Triangle
KNR CONSTRUCTIONS - MID TERM Analysis - 2nd June #stocksKNR CONSTRUCTIONS (1M TF) - MID TERM Trade Analysis given on 2nd June, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Monthly Resistance Breakout - Done ✓
- Monthly Volume Buildup - Done ✓
- Demand Zone Retest & Consolidation - In Progress
Please Note:
- Entry has to be at the Demand Zone at around 300 (which is also our previous target level which we achieved)
- Next support is at 285
- Ensure to position size correctly
* Disclaimer
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
#GRT/USDT Symmetrical Triangle Formation & $0.70 Target#GRT/USDT has formed a symmetrical triangle on the chart, indicating a period of consolidation. The price action suggests the potential formation of a double bottom pattern and #GRT breaks out of this symmetrical triangle, it could lead to a significant upward movement, targeting the $0.70 level.
Donear Industries Ltd:- Ascending Triangle Donear Industries Ltd:- Ascending Triangle
58% Upside potential
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Bullish Pennant Pattern Good volume buildup in daily and weekly timeframe.
Bullish pennant breakout with volume buildup.
Election result also has impact in this breakout. Let see whether the breakout sustains of not.
If the current candle high gets broken can give opportunity.
NOTE: I do my analysis do your before trade.
AARTIDRUGS [descending triangle pattern bullish]I try new swing trading strategy .. if it work then explain everything to you . all trg open , SL always paid
1) Descending Trendline Breakout: The stock price has broken above a descending trendline, which is a bullish signal. This indicates a potential change in trend from bearish to bullish.
2)Support Zone : There is a significant support zone marked in red between approximately 440 and 470. The stock has tested this zone multiple times and has recently bounced back, suggesting strong support.
3)The stock has just broken out of the descending trendline and is currently around 511.70. This breakout needs to be confirmed with continued upward movement and volume is above of 20ma line like good signal .
4)Based on the chart and technical analysis provided, Aarti Drugs shows potential bullish momentum with targets at 560 and 620. However, it is important to monitor the stock for continued upward movement and volume to confirm the breakout. Keep an eye on the support zones as well to manage risk effectively.
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
AtriCure Inc | Triangle PatternNASDAQ:ATRC (AtriCure Inc)
Engages in the development, manufacture, and sale of surgical ablation of cardiac tissue, and systems for the exclusion of the left atrial appendage.
Its products include radio frequency (RF) ablation pacing and sensing, cryo, left atrial appendage management, soft tissue dissection, estech surgical instrumentation, and cart configuration.
SAREGAMA - 2.5 Years Downtrend Breakout Saregama India Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (January, 2022). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (550.60 - 15% from the price 478.35). Also It may perform well in the long term (Stock is almost debt free with good fundamentals).
5) Recommendation - Strong Buy
DEXEUSDT: Triangle Pattern Triumph Could Signal Gains!💎 Paradisers, #DEXEUSDT has broken out of a triangle pattern and is currently approaching a crucial resistance zone.
💎 If #DEXE closes a candle above the resistance zone, it will validate the breakout of the triangle pattern, and a bullish move is expected.
💎 In the case of a pullback, we can expect a bounce from the demand zone, but we need an Internal Change of Character (I-CHoCH) from here towards the bullish market structure for confirmation.
💎 However, if the price closes a candle below the demand zone, it will invalidate our entire idea. In that case, it would be better to wait for more appropriate price action to develop.
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