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Triangle

Gujarat Containers - Week - Breakout from Symmetrical Triangle?Analyzed the weekly chart of Gujarat Containers Ltd. (BSE: 523108), which is showing a promising breakout from a symmetrical triangle pattern. As you can see, the price has broken out of the Trendline recently and has performed a retest as well. Bullish Divergence on Daily: Recently a Divergence was also observed on the Daily Chart where the Price made a Lower Low while the RSI made a Higher Low. The RSI has been on an upward trajectory since. This setup looks quite promising for a continued upward move. What do you guys think? Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
BSE:GUJCONTLong
by gurinder1988
BREAKOUT IN PTC INDIA 📌SWING TRADE FOR NEXT WEEK🚀 Hello Traders⚡ I am a Swing Trader by Passion i only trade on Momentum Stock's. 📌I Post Daily SWING CHARTS Analysis on My Trading view profile.. So let's Start 📌TRADE ANALYSIS OF -PTC INDIA- • Potential Breakout Chart • VCP Pattern • Short Range Consolidation • Price Can Take Retest from support Line • Overall The Price Is Moving In HH-HL Formation • Volume Buildup Near BO Zone • Looks Good For 10-20% Upside Levels After The Breakout 📌 If you have any questions about any stock you can comment on post 📱 📌Disclaimer:- This all charts analysis are only for educational purposes only I do not provide any CALL or Tips
NSE:PTCLong
by Trading_Old_School
SJVN - Swing Trade Analysis - 12th July #stocksSJVN (1W TF) - Swing Trade Analysis given on 12th 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:SJVNLong
by TradeRyteStockz
HCCC : Swing Trade#Swingtrade #HCC #breakout #VCP HCC : Swing Trade >> Breakout & Retest Done >> VCP Visible >> Trending Setup >> Good Strength & Volumes >> Good Risk & Reward Trade Swing Traders can lock 10% profit & 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:HCCLong
by moneyfesttrading
NHPC - Medium Term Analysis### Volume Contraction Pattern 1. **Ascending Triangle**: The price action forms an ascending triangle, which is typically a bullish continuation pattern. The price is making higher lows while the resistance level remains relatively flat. 2. **Volume**: There's a noticeable decrease in volume during the formation of the triangle, which is common as traders await a breakout. ### RSI Breakout 1. **RSI Indicator**: The Relative Strength Index (RSI) is breaking above the downtrend line, which is a bullish signal indicating increasing momentum. 2. **Current RSI Level**: The RSI value is 73.30, which is in the overbought territory. This could imply strong buying pressure, but also warrants caution for a potential pullback. ### Price Levels 1. **Current Price**: The stock is trading at INR 114.07. 2. **Resistance Levels**: Key resistance levels are identified at INR 145.27 and INR 176.28. These levels can serve as potential targets if the breakout sustains. ### Overall Analysis - **Bullish Outlook**: The breakout above the ascending triangle's resistance, combined with the RSI breakout, suggests a strong bullish momentum. - **Volume Confirmation**: Ideally, a breakout should be accompanied by an increase in volume to confirm the strength of the move. - **Caution on Overbought RSI**: Although the RSI breakout is bullish, the overbought level suggests that there might be a short-term pullback before the price continues higher. ### Strategy - **Entry**: Consider entering a position if the price sustains above the breakout level with increased volume. - **Targets**: Set targets around the identified resistance levels (INR 145.27 and INR 176.28). - **Stop-Loss**: Place a stop-loss slightly below the breakout level or the most recent swing low within the triangle to manage risk. This analysis assumes a bullish bias given the technical indicators. However, always consider broader market conditions and perform due diligence before making any trading decisions.
NSE:NHPC
by brijmohan_h
Mighty Nifty - July 11Price gave good movement today and now it is forming a triangle. It may consolidate within the triangle or give break out. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 24340. Stop Loss : 24300. Targets : 24380, 24420, 24460 and 24490. Sell below : 24250. Stop Loss : 24290. Targets : 24210, 24180, 24140 and 24100. 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
1
IREDA Analysis!NSE:IREDA Analysis on a Daily Timeframe! Triangle Pattern Formation in IREDA! Triangle Pattern Breakout in IREDA! Analysis: As we can see the stock in moving in a triangle since December 2023. It was continuously consolidating in it. On 27th June it tried breaking out the resistance but unable to sustain above the resistance. Today again it has been successfully given the breakout and able to close above the breakout. As i marked all the important levels on the chart please have a look. Trade Setup: Entry = Current price level is good to Enter Key Level = 214.80 This is the All Time High Level, Price may reverse from this level but if it breaks, will the major uptrend Target = 455.85 Stop Loss = Below 173 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:IREDALong
by Avinash9087
4
HBL POWER Systems - Looks Good!A Symmetrical Continuation Triangle Pattern Identification on Daily Chart A Symmetrical Continuation Triangle is a technical analysis pattern observed in financial markets, particularly in charts representing price movements of such stocks, currencies, or commodities. It's considered a continuation pattern, meaning it suggests that the current trend is likely to continue after a period of consolidation or sideways movement. Breakout: The breakout from the triangle occurs when the price breaches one of the trendlines, usually accompanied by increased volume. This breakout can occur before the apex of the triangle, but it's often observed shortly after the apex. Continuation: The breakout is interpreted as a continuation of the previous trend. Traders often use various technical indicators or additional chart patterns to confirm the breakout and determine the potential direction of the continuation. However, it's important to note that no pattern or indicator is foolproof, and traders should always consider other factors such as fundamental analysis and risk management strategies in their decision-making process. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:HBLENGINE
by hardeepssethi
NIACL - Looks Good!Pattern:Symmetrical Continuation Triangle (Bullish) Time Frame: Daily Chart Script: NSE:NIACL (New India Assurance Company Ltd) The recent price movement indicates a breakout from a consolidation phase, signaling the potential continuation of the previous uptrend. This pattern aligns with the characteristics of a Symmetrical Continuation Triangle (Bullish), where two trendlines converge due to the price making lower highs and higher lows. During this period, trading volume typically decreases as the price oscillates within a narrowing range, reflecting uncertainty. However, before the triangle's apex is reached, a breakout above the upper trendline occurs, accompanied by a significant increase in volume. This breakout serves as a confirmation of the continuation of the prior uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:NIACL
by hardeepssethi
BPCLIn day time frame price has formed a symmetrical triangle and it can give break out in any direction. In lower time price is consolidating in the form of channel. Buy above 308 with the stop loss of 305 for the targets 311, 314 and 318. Sell below 303 with the stop loss of 306 for the targets 300, 297 and 294. 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:BPCL
by vanathi
3
SbinIn daily time frame price has formed a symmetrical triangle and it can give break out in any direction. In lower time price is facing double top resistance. Trend direction deciding zone will be 860. Buy above 865 with the stop loss of 860 for the targets 870, 875 and 880. Sell below 854 with the stop loss of 859 for the targets 849, 844 and 838. 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:SBIN
by vanathi
2