Gold may have completed a yearlong triangle consolidation and has broken upwards. It is now in its 2nd day outside of a downward sloping trendline. Wave e is around 1721, with this as a stop we should expect a rally to new highs. Silver is already showing strength as discussed in the earlier post. Gold may be joining the upmove now.
Tringle botton crossed already. Close Long Positions till expiry only.
Clear triangle breakout…. One should not miss this opportunity. NSE:RBLBANK
It looks like Ethereum is clearly forming a descending triangle on the 4h. The technical target is at around $4450, this is in confluence with the .618 trend based fib extension (so hopefully setting a new ATH and not a scammy one such as last week). The RSI indicates that there is space for more upside potential I think that we still can see some volatility...
HDFC BANK has formed a Triangle breakout in 1Hr tf and has confirmed long entry and is expected to give long target of 1764.(approx) P.S : Also expect a big move in nifty bank index Also check out my other Ideas and support me :)
Looks like we have to get ready for the next pump ... it's forming an ascending triangle there is more chance of upward momentum .. but there is also a chance for the price to go in a side way's direction but the chances are very low
NMDC LTD LONG (18 Oct) Ascending triangle breakout Crossed all moving averages Buy at CMP -158 SL-144 Target- 169, 176, 185 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
NIFTY/S&P500 relative strength chart has reached its descending triangle resistance as seen in this weekly chart. Should this be a reason to worry for Nifty bulls? Maybe, maybe not. Price will tell. Watch for price action in Nifty at the 18500 zone. If resistance kicks in, we may see some price/time correction. If not, we may break out of this descending triangle...
According to my plan, if Banknifty can breakout and breakdown but it will be volatile and hence be careful and trade in half qty bc Nifty and Banknifty are running in opposite directions.
Goodluck India is consolidating in an Ascending Triangle formation (Daily Timeframe) with volume clearly drying up. The stock, when looked at in Weekly Timeframe, forms a Nice "High Tight Flag" pattern. Any breakout at this level has a good scope for sharp rally upward.
UPL is trading in a descending triangle formation with a positive RSI divergence. possibility of a breakout is high as the index is also at major support zones, if it holds it then we can see some positivity in stocks.
symmetrical triangle Pattern formed and break out also given Near 1656 ( Dicsount buy at current Levels 1543) tgt= 1880 sl=1405 closing basis, Please do your own analysis also before taking any trade / or consult your SEBI registered advisor.
HDFC was buying on 1559 levels as per symmetric triangle pattern with TGT of 1800-1805, same has double confirmed with C & H Pattern buy near levels 1680-1687,tgt=1800-1805 sl=1565.
NSE:GRAVITA Hello, all let's analyze this script to check its probability of winning. Trendline: The Slant line going upside provides necessary support to the price and doesn't allow the price to go below it. The Upside arrows marked in the image indicate the previous support. Horizontal line: This acts as a resistance to the price and doesn't allow the price...
HDFC AMC spot CMP :- 2780 Study :- Elliot wave + Chart Patter + Price Action Time Frame :- Weekly Symmetrical Triangle structure formation on weekly time frame, with demand line around current levels. Demand zone as per price action, retest of previous breakout levels, basing formation. Elliot wave :- Counter is trading in minor intermediate wave iii of major...
Lupin Cmp-919.3 A breakdown of descending triangle, Also marked area is weekly demand zone... Also price below 50&200 SMA. Price tested 50 SMA as long as we stay below the descending triangle, We would re-test weekly demand zone ...