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Triangle

PVRINOX :- AT STRONG SUPPORT ZONE NSE:PVRINOX PVR INOX Ltd. engages in the business of theatrical exhibition and allied activities. It has 689 screens across 115 cities in India and Sri Lanka with 361 properties. It is headquartered in Haryana, India. Technical Analysis:- 1. Trading at a strong support zone and showing rejections from below. 2. it can form a C up leg in a triangle formation. 3. the spread of recent falling candles has started to reduce. 4. the volume is not supporting the down move. as volume declining + price declining is a sign of weakness in a downtrend. 5. the RSI & Stochastic is rising from the oversold zone. 6. Started forming a base around the support zone. ENTRY:- shall be above the base formation 1420 STOP: below the support zone, it should be on a weekly candle-closing basis. Targets are mentioned on the chart. Fundamental News:- PVRINOX is opening some new screens. Hope you understand the analysis and study the charts for better clarification. Keep Learning, Happy Trading.
NSE:PVRINOXLong
by SANJAYPATIDAR_
6
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