*for educational purpose only .it's not a recommendation .trade at your own risk. levels mentioned on chart.
A perfect breakout setup has : (A) Volume Expansion- Whenever a breakout happens the first thing you might want to check out is if Volumes are increasing i.e. people are getting into it or not. If there is no interest of people in that stock, that breakout might not sustain. (B) Popping out of highest traded clusters- I don't know why but people hardly use volume...
NSE:REDINGTON just broke out of triangle and is poised for 10% upside. Triangle breakout is accompanied by huge volume. Red area is the Stop Loss area and Green one is the target.
It is located in a triangle. The yellow lines are suitable for stepping. If the upper side of the triangle is broken, the goals are achievable.
Stock is in uptrend for few years with a trendline support from 2016. During COVID crash, bears broke the trendline support. The Bulls energized a V shaped recovery and took the trendline support again. While the V shaped recovery, the stock formed Inverted head and shoulder and it is at the urge of breakout with the ascending triangle formation. Patterns :- ...
A symmetrical triangle pattern in Vedanta. Target should be previous high level. Risk reward 1:5.5
Penny stock "Dhanlaxmi Bank" near multi year resistance. Potential breakout zone. Risk reward is good but may need patience to see higher levels as its a penny stock.
Great opportunity in Adani Ports with favourable risk reward of 5:1 In past 2 month, the stock has seen a sharp sell off due to multiple factor. On analysis the chart, you will observe that after 30% fall - Adani Ports as has taken a solid support at fib .681 and EMA 50 acting as resistance. Currently stock is consolidating in "symmetrical triangle" with...
Ascending triangle formation... Near resistance on monthly chart... if breaks the resistance and sustain then 1st target 1900+ 2nd target 2100+ SL 1300 (WCB) Weekly chart is also looking good...
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
NSE:HINDZINC Can see more upside above 365 can add near 335 - 345 SL closing below 305 T 375, 385, 400
Another Typical price pattern getting ready for sharp move on the upside. HDFC BANK Price Retraced from All time High, Retracement is 18.5% from top approximately. As of now price is forming Higher-High structure on Weekly chart's & now Broken Out of Triangular pattern decisively. Price movement will be sharper once we closed above All time high on Daily...
Adani Enterprises : Triangle pattern (Time frame-1Week) . Chart time frame -1 Week Trade type -Short term Duration - 3 months Entry - 1600 Target 1 - 2000 Stoploss - 1350 Risk : Reward - 1:1.6 Leave us a comment or like to keep our content for free and alive. Have a great day everyone! Disclaimer: All charts are purely for educational and information purpose...
Venky's Cmp 3155 dated 13.10.2021 1. Triangle Pattern BO @ 3170 2. Flag Pattern on chart Buy for a tgt of 3850 SL 2950 It is just a view, pls trade at your own risk.
Beautiful long term patterns. Trading this trade myself. Great risk to reward ratio. The stage 1 base has formed and now stage 2 ascend will start as seen highlighted in previous moves since 2020
Levels mentioned on chart. Target of 1:2 mentioned on chart.
Stock is having a good fundamental. also making a triangle pattern. Wait for a breakout or can hold for a long or large short term.
NSE:VEDL VEDL gave a breakout from the symmetrical triangle pattern on 4th October with higher than average volume and after giving one green candle after the breakout it retraced back to the downward sloping line and it started retesting. It didn't breakdown below that line confirming that the uptrend is still in place.