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GP Petroleums LTD Analysis!NSE:GULFPETRO Weekly Analysis! Symmetric Triangle Pattern in NSE:GULFPETRO Symmetric Triangle Pattern breakout in NSE:GULFPETRO Golden Crossover in NSE:GULFPETRO Analysis: NSE:GULFPETRO has made a clear Symmetric Triangle pattern on weekly time-frame. It is in consolidation since long and gave a breakout with high volume on 29jan. You can also see the golden crossover on the chart where 50 period EMA crossed 200 period EMA from below. Golden crossover is the indication of starting the uptrend . After the breakout price is now retesting the support. If price establishes the support zone between 63-68, it will act like a strong support. Trade Psychology and Setup: Entry = Current levels are good for buying(65-70) Target = Long Term Target 224 Stop Loss = Strict Stop Loss 48.20 Disclaimer = All my analysis is for Educational Purposes 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:GULFPETROLong
by Avinash9087
4
Tata Steel Analysis!Tata Steel Daily Analysis Symmetric Triangle Pattern Formation in Tata Steel Tata Steel has made Symmetric Triangle Pattern. I did all analysis on the daily Timeframe chart and also metioned Projected profit over there. Symmetric Triangle Pattern is a continuation pattern. So i am waiting for the clear Breakout / Breakdown . As price gives Breakdown / Breakout we can initiate our trade in this way. Keep an eye on Tata Steel and wait for which side it will give Breakout / Breakdown!
NSE:TATASTEEL
by Avinash9087
5
Borosil Renewables Ltd - Looks Good!Script: NSE:BORORENEW Pattern: Symmetrical Continuation Triangle A Symmetrical Continuation Triangle (Bullish) is a technical analysis pattern often observed in financial markets, particularly in price charts. It is characterized by converging trendlines that form a triangle pattern. This pattern typically occurs during an uptrend and suggests a continuation of the bullish trend after a brief consolidation period. Breakout: The pattern is typically resolved with a breakout in the direction of the preceding trend, which in this case is upwards. Traders often look for a decisive close above the upper trendline as confirmation of the bullish continuation. Target: The price target for a bullish continuation is often measured by the height of the triangle at its widest point, projected upwards from the breakout point. This provides an estimate of how far the price could potentially move in the direction of the breakout. 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:BORORENEW
by hardeepssethi
Bullish Continuation Diamond PatternNSE:CGPOWER - Continuation Diamond Pattern (Bullish) Following a period of consolidation, the price has surged upwards, indicating a potential continuation of the previous upward trend. The sequence typically initiates within a downtrend, where prices form higher highs and lower lows in a broadening pattern. Subsequently, as highs reach their peak and lows begin to ascend, the trading range gradually contracts. Upon the breakout beyond the boundary lines of this diamond-shaped pattern, it signals the revival 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:CGPOWER
by hardeepssethi
Is PNB on a new support line? Swing Trade opportunity!!!PNB is retesting the previous resistance level, if it sustains and marches upward it will become the support!!! Good volumes. Can enter at current market price. Target - 55/60/70 SL - 35 Above 70 it will be a delight!!! Need greater patience, since it is a PSU banking stock it will rise on a gradual basis!!!(Maybe more than 3 months) Note: All levels are only for educational purpose. Follow and show your support!!! _/\_
NSE:PNBLong
by BM579
2
RGL : Breakout Stock (1-3 Months)#RGL #breakout #patterntrading #roundingbottom #trendingstock RGL : Breakout Stock (Weekly chart) - (1-3 months Trade) >> Rounding Bottom Formation >> Trending / Momentum Stock >> Big Volume Breakout >> Low Risk High Reward Trade Swing Traders can lock Profit at 10% & Keep Trailing. If u Like the Analysis, Consider giving it a like or Boost or leave a comment. Disc : This are my person Views, Do your Own Analysis and research or Consult your Financial Advisor or Consult a SEBI Registered Advisor before taking position in it.
NSE:RGLLong
by moneyfesttrading
Swing Trading Opportunity - GODREJPROPGODREJPROP presents an exciting opportunity with a Symmetrical Triangle setup. This stock is not only suitable for short-term gains but also has the potential for a strong positional hold, particularly with the bullish trend in the real estate sector. Trade Analysis: - Pattern: A well-defined Symmetrical Triangle pattern is forming on GODREJPROP's chart. - Entry Point: Consider entering a long position if the stock breaks out above the upper trendline of the symmetrical triangle pattern. - Stop-loss: To manage risk, set a stop-loss just below the breakout point or the lower trendline of the pattern. - Target: For short-term gains, you might consider booking profits when the stock shows a significant move beyond the triangle's range. For a positional trade, the target could be determined based on your assessment of the stock's potential. - Timeframe: Keep in mind your desired holding period. This trade could cater to both short-term and positional traders, so tailor your exit strategy accordingly. - Risk-Reward Ratio: Ensure a favorable risk-reward ratio for your trade. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your analysis and consider your risk tolerance. Additionally, stay updated with real estate sector news, as it can influence GODREJPROP's performance.
NSE:GODREJPROPLong
by Uday_Mandal
HINDPETRO Analysis(Symmetric Triangle)!Two methods to project the Targets while trading based on SYMMETRIC TRIANGLE PATTERN HINDPETRO Analysis on Weekly Timeframe! Symmetric Triangle formation in HINDPETRO on Weekly Timeframe Symmetric Triangle Resistance Trendline Breakout HINDPETRO has made symmetric Triangle pattern on Weekly Timeframe. HINDPETRO is forming Symmetric Triangle Pattern about 6 months. The price has given resistance trendline breakout with low volume which is a negative point but is has made successfully closed above it. On the chart I have illustrated, how to project targets based on SYMMETRIC TRIANGLE PATTERN in two ways. You can follow any method while dealing with Symmetric Triangle Pattern. Both ways are valid. I have referred John J Murphy's TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS book for this Analysis. I hope you'll like it. One more important thing do Follow and share my ideas for support so I can post more and more ideas on daily basis. Trade Psychology and Setup = Entry = Aggressive Investors can enter at current levels, Conservative Investors can enter after retest between 239.80 - 243.15 Target = 505.30 Stop Loss = Below 220.10 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:HINDPETROLong
by Avinash9087
2