Get started

Triangle

Laxmi Organic - Bullish Divergence and Breakout from TriangleWeekly Chart Insights: Symmetrical Triangle Pattern: Over the past years, Laxmi Organic Industries Ltd has formed a symmetrical triangle. Breakout Confirmation: Recently, the price broke above the upper trendline of the triangle. Retest of Breakout: The price action is retested the breakout at the Trendline and has moved upwards now. Bullish Divergence: Time Period - 26 March to 12th May Lower Low in Price - Price went from 235.2 to 228.5 Higher Low in RSI - RSI went from 37.2 to 37.6 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:LXCHEMLong
by gurinder1988
Libas - Potential Bullish Divergence in Descending TriangleLibas Designs Ltd. is currently trading within a descending triangle pattern. A potential bullish divergence between the price action and the RSI could indicate an upcoming trend reversal. Technical Analysis: Descending Triangle Pattern: The stock has been consolidating within a descending triangle pattern, characterized by lower highs and a strong support level around ₹16.5. Lower Low in Price: The price recently made a lower low, near the support level of the triangle. Higher Low in RSI: Simultaneously, the RSI (14) made a higher low, creating a bullish divergence. This suggests that the selling pressure is weakening, despite the price making a new low. Volume Analysis: Volume has been decreasing during the formation of the triangle, which is typical for this pattern and indicates a potential buildup before a breakout. Trade Setup: Entry Point: I would wait for a breakout and retest above the top trendline. Probably somewhere above the 17.5 mark. Stop Loss: A stop loss below ₹16.00, just under the recent support level, to manage risk effectively. Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
NSE:LIBASLong
by gurinder1988
SJVN Analysis for Long Term!NSE:SJVN Analysis! SJVN Analysis on a Daily Timeframe! Triangle Pattern formation in SJVN! Triangle Pattern Breakout in SJVN! Analysis: SJVN was trading in a Triangle pattern. Yesterday it gave a powerful breakout to its resistance line with significant amount of volume. Also consider the 20, 50, 100 period EMA as these are also acting as a Support and Resistance as the price is respecting them it is moving ahead with them. Rest of the Analysis is on the chart itself please study it thoroughly. Trade Setup: Entry = Current price level is good to Enter but always enter 0.50rs above the previous day high. Target = 226.64 Stop Loss = Below 136.11 or as per your Risk to Reward Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:SJVNLong
by Avinash9087
ICICI Bank: A Lucrative Triangle Breakout for Swing TradersTraders, a golden opportunity unfolds as ICICI Bank exhibits a compelling triangle breakout, marking a significant turn for those eyeing short-term gains. This technical pattern, a harbinger of potential upward momentum, invites us to dive deeper and explore the swing trading prospects it presents. Key Observations: Breakout Confirmation: The breakout is validated by a surge in trading volume, an essential indicator of the strength behind the move. Support and Resistance Levels: Post-breakout, the previous resistance level of the triangle now serves as a strong support zone. Swing traders should monitor these levels for potential entry and exit points. Swing Trading Strategy: Entry Point: Consider entering close to the breakout point, ensuring the move is backed by substantial volume. Stop Loss: To manage risk effectively, place a stop loss just below the newly formed support level, minimizing potential losses if the trend reverses. Profit Targets: Set initial profit targets at the next significant resistance level, with the option to adjust based on the strength of the market's momentum.
NSE:ICICIBANKLong
by kausar13n
Mighty Nifty - July 18We had a choppy and narrow range movement yesterday. now it is at support. Sustaining above 24600 is important to be bullish. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 24620. Stop Loss : 24580. Targets : 24660, 24700, 24740 and 24780. Sell below : 24500. Stop Loss : 24540. Targets : 24460, 24420 and 24380. 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.
NSE:NIFTY
by vanathi
SWSOLAR - Start of Up-Leg in a triangle consolidation.NSE:SWSOLAR Company Info: Sterling & Wilson Renewable Energy Ltd. provides solar engineering, procurement and construction (EPC) solutions. The firm provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering and manage all aspects of project execution from conceptualizing to commissioning. Technical Chart: Day chart analysis. 🧐 🔹Trend: The stock is in a major up trend but recently it went into a triangle consolidation. 🔹Swing: It is recently forming a bear leg towards the support trendline with a very slow pace and low volume showing weakness in sellers and just a correction in the major trend. 👉the current price also has clusters of EMA. 🔹View: Breakout of the recent range from support area. 🟢Entry: Above 715+ On breakout some qty and remaining on confirmation of close of day candle. ♦️Risk:- 650 should be the level for the stop as it is below all major support clusters, including the price filter of day candle closing basis only. 🎯Target:- Levels mentioned on chart. Detailed analysis on chart Study it and mark levels on your chart Keep Learning, Happy trading.
NSE:SWSOLARLong
by SANJAYPATIDAR_
CHENNAI PETRO - Swing Trade Analysis - 11th July #stocksCHENNAI PETRO (1D TF) - Swing Trade Analysis given on 11th July, 2024 Pattern: ASCENDING TRIANGLE BREAKOUT - Weekly Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress Please Note: - Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing - Always work in probabilities and always keep your SL in play constantly * Disclaimer
NSE:CHENNPETROLong
by TradeRyteStockz
SUMICHEM : Breakout Candidate#SUMICHEM #patterntrading #chartpattern SUMICHEM : Swing Trade >> Ascending Triangle Pattern >> Trending Setup >> Good Strength & Volume in Stock >> Good Risk Reward Trade Swing Traders can lock profit at 10% and keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:SUMICHEMLong
by moneyfesttrading
4
HOW TO USE DESCENDING TRIANGLE AS A SETUP?This is Berger Paint stock. In this stock Descending triangle is forming. * What is the Descending triangle pattern? - A descending triangle is a chart pattern used in technical analysis created by drawing one trend line connecting a series of lower highs and a second horizontal trend line connecting a series of lows. A regular descending triangle pattern is commonly considered a bearish chart pattern or a continuation pattern with an established downtrend. However, a descending triangle pattern can also be bullish, with a breakout in the opposite direction, and is known as a reversal pattern. So here it is in Bandhan Bank support is at 190. and stock is in the accumulation phase from the long term. From above we will connect lower high and down we make a support zone. Now stock is in stock and ready to fly. * How will we know that stock is ready to move using descending triangle? - Lower High - Time at support zone - Bullish Candle at support All this step is to be followed. Then it is the best setup. -
NSE:BANDHANBNKLong
by capitalsmack
Triangle Pattern Breakout is on the way in IndiaMart IntermeshHello everyone i hope you all will be doing good,, today i have brought a stock which is still trading inside the triangle pattern, but there is higher probability we will see huge breakout very soon with huge volume on all time frame. Stock is really good name is IndiaMART, and it is the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating the Small and Medium Businesses (SMEs) into the new paradigm with speed and ease, we are constantly pushing the frontiers of innovation to make the online marketplace more accessible, visible and engaging to them. Largest in the industry:- The company commands nearly 60% market share of the online B2B classifieds space which makes it the largest player in the industry. Well Diversified Marketplace:- As of FY24, their website has ~108 million product listings from 56 different industries, making them one of the most diversified marketplaces in Indian. No single industry accounts for >8% of total paying suppliers. Construction & Building Raw Material is the largest category in the marketplace and covers ~8% of it. There are ~98,000 product categories. Logistics Partner:- Commercial Vehicles - Tata Motors, Mahindra, Piaggio, Atul Auto, TVS. Merger of Subsidiaries:- In March,24, the company merged the WOS Hello Trade Online Private Limited and Tolexo Online Private Limited into Busy Infotech Private Limited. Technically stock has not given breakout yet, but there is higher probability breakout is coming soon, it is just on the way. Stock is good, it has monopoly in business, it is having 60% market share. I think it has potential to become multibagger in long term, so if anybody wants to go long term investing, then this is one of the kind of that stock, invest and forget type. So take it or regret later... In short term to medium term, i already mention the levels please go accordingly. Disclaimer:-Personally i am holding this stock for long term with lower levels. Market Cap ₹ 16,134 Cr. Current Price ₹ 2,690 High / Low ₹ 3,336 / 2,229 Stock P/E 48.2 Book Value ₹ 289 Dividend Yield 0.74 % ROCE 23.9 % ROE 17.6 % Face Value ₹ 10.0 Industry PE 62.3 Debt ₹ 40.7 Cr. EPS ₹ 55.7 Promoter holding 49.2 % Intrinsic Value ₹ 1,559 Pledged percentage 0.00 % EVEBITDA 32.1 Change in Prom Hold 0.00 % Profit Var 5Yrs 75.6 % Sales growth 5Years 18.7 % Return over 5years 32.4 % Debt to equity 0.02 Net profit ₹ 334 Cr. ROE 5Yr 19.8 % Profit growth 18.2 % Earnings yield 2.88 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:INDIAMARTLong
by TraderRahulPal
1