Triangle
DEEDEV DAY CHART BASE FORMATIONNSE:DEEDEV
Company profile
🔹Dee Development Engineers Ltd. provides prefabricated piping solutions. It operates through piping, power and heavy fabrication segments. The Piping segment engages in the manufacturing of pre-fabricated engineering products, pipe fittings, and piping systems. The Power segment offers biomass-based power generation. The Heavy fabrication segment involves in the manufacturing of wind mill towers.
🔹Listed in July last year then it marked a high in a few days and after that, it went into a strong consolidation showing a Cool off IPO price rise and now it has formed a good base with a view to breakout.
🔹The IPO buyers must have been bore with the move and they are slowly exiting but some smart money is accumulating for another continuation of the up move.
🔹The volume is slowly decreasing on each fall showing sellers exhausting.
The Fundamentals:-
➖The company is making year-on-year growth in revenue and Profits.
➖Recently it has received big orders.
Entry and Other levels are marked on the chart.
Always use stop-loss to avoid unnecessary drawdowns.
Keep Learning,
Happy Trading.
Zee Entertainment: Symmetrical Triangle Formation Signals PotentZee Entertainment is currently consolidating within a symmetrical triangle, a classic chart pattern that often precedes a significant move. A breakout or breakdown in either direction is possible, suggesting the need for careful positioning. Traders are advised to remain cautious and await a decisive break above the marked level before entering any positions.
Tight risk management is key, with a predefined stop loss being essential for mitigating potential downside.
A strategic entry at the right level can yield a favorable risk-to-reward ratio.
Note: As always, disciplined trading with a tight stop loss is crucial in maintaining a strong risk management framework.
D-Link - Textbook Symmetrical Triangle pattern NSE:DLINKINDIA
D-Link has formed a textbook Symmetrical pattern that has worked out so far
Although it is a bullish pattern one should wait for breakout confirmation to enter.
Those who want to minimize the risk should wait for retest and may enter after confirmation.
The breakout must also be validated by the volumes or else it'd be just another Fakeout.
According to Fibonacci Extensions after breakout 168.70 is immediate resistance might consolidate there for a while
On the downside 144.15 / 136.60 / 129 / 119.65 are support levels
Company also has decent fundamentals
It's long call so one can keep stop loss according to their risk appetite.
Symmetrical Triangle Pattern Breakout seen In Bajaj Finserv Ltd.Hello everyone, i hope you all will be doing good in your Trading and Life as well. I have brought a stock which has given a breakout of Symmetrical Triangle Pattern. Stock name is Bajaj Finserv Ltd, and it is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
Technically and Fundamentally stock is really Good to go for short term to long term as well. I think this is the best stock to hold for long term from here. This can be best portfolio stock. Companies management has given positive outlook for future in last quaterly result conference call.
The pattern can indicate a number of things, including:
Volatility contraction
The pattern can symbolize a decrease in volatility as the price range contracts within the triangle.
Indecision
The pattern can form when the market is uncertain and buying and selling continues.
Potential trend reversals or continuations
The pattern can help traders and analysts spot potential trend reversals or continuations and manage risk.
A breakout from the upper trendline indicates the start of a new bullish trend, while a breakdown from the lower trendline marks the start of a new bearish trend. Check the charts above (Bajaj finserv) it has given breakouts for falling upper band. before to few minutes of Closing of today's session or opening of next day session can be entry point. For the Targets you can calculate the thickness of symmetrical pattern as i have shown on chart above, and stop loss can be place at lower of breakout candle or near to lower band support line.
Market Cap
₹ 2,74,385 Cr.
Current Price
₹ 1,719
High / Low
₹ 1,742 / 1,419
Stock P/E
32.9
Book Value
₹ 378
Dividend Yield
0.06 %
ROCE
11.7 %
ROE
15.3 %
Face Value
₹ 1.00
Industry PE
23.6
Debt
₹ 2,88,933 Cr.
EPS
₹ 52.3
Promoter holding
60.6 %
Intrinsic Value
₹ 902
Pledged percentage
0.01 %
EVEBITDA
12.8
Change in Prom Hold
-0.04 %
Profit Var 5Yrs
20.4 %
Sales growth 5Years
21.0 %
Return over 5years
19.8 %
Debt to equity
4.79
Net profit
₹ 16,095 Cr.
ROE 5Yr
13.8 %
Profit growth
18.3 %
Earnings yield
7.66 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Greenpanel Industries LtdGreenpanel Industries Ltd, (small cap)
Since 2022 April price is consolidating in triangle format,
it must breakout 450 with high volume...( 5th E W remaining to shoot up)
golden cross happened in day chart means where
the 50-day MA crosses above the 200-day MA,
is considered a bullish breakout pattern that indicates a potential upward trend in the market.
QUESS Triangle Breakout 1WQuess Corp is trying to breakout from Symmetrical Triangle pattern on 1W timeframe. Volumes are currently high. Enter after bullish closing confirmation. Please follow your stop loss and target rules. It has also shown more than 100% yoy EPS growth for past 2 quarters and is currently trading at P/E of 35.
Midcap Nifty - Aug 26Price is consolidating in the form of descending triangle. It can give break out.
Buy above 12960 with the stop loss of 12920 for the targets 13000, 13040 and 13080.
Sell below 12880 with the stop loss of 12920 for the targets 12840, 12800 and 12760.
Check the live market updates.
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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.
Monarch-It might increase your networth ;)Monarch has been in good bull run like other broking stocks.
It has been consolidating since few months and has finally given breakout of descending triangle pattern with good volumes.
Company has been posting amazing results recently which shows good growth.
Keep stock in watchlist. Not a recommendation.
Bearish Trend Might Continue.As i have Drawn the the Elliott Waves 5 Waves were Completed and now the Stock is in A,B,C Correction Wave Last Phase(C) which might Drag it more further downwards to the levels of 280. A Descending Triangle formation is Also seen. Price Action Suggests Continuation of Down trend. Let Wait and Watch.