GICRE Triangle Breakout 1DGICRE attempting to breakout from a triangle pattern on 1D timeframe. It is also forming a flag pattern on 1W timeframe. Enter after bullish confirmation.
Triangle
2 Amazing swing trading ideas for 10 Dec 2024 MarketsI daily make educational content videos for swing / positional trading
Breakout BLSBLS has given breakout from triangle pattern. Next target would be around 468 which is almost 8-9% from the current price
Triangle pattern breakout Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Triangle Double bottom breakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Triangle pattern breakout BSEPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
BSE is breaking out BSE is breaking out from its resistance with good candle and volume.
good consolidation near resistance and then breakout,
good for swing trade
SKMEGGPROD - Keep an eye on this stockPrice consolidate since March 2024 and it seems ready to breakout the triangle pattern. But only problem I see is it is below the 200 EMA today. Lets see it is gonna breakout the Triangle in Weekly Timeframe.
KRBL - Descending Triangel breakoutKRBL has shown a breakout from the Descending Triangle Pattern. But the follow up candle closed in Red. Keep this stock in radar and look for a upward movement.
Union Bank of India Triangle BreakoutThe stock is breaking out of a descending triangle pattern and has successfully retested the breakout level. A bullish momentum is expected as the retest holds strong, supported by rising volume and favorable technical indicators.
Trade Setup:
Entry: ₹126.06 (current price near breakout zone)
Stop Loss: ₹117.50 (below key support level)
Target: ₹159.88 (measured move based on triangle height projection)
Technical Observations:
200 EMA Support: The price has reclaimed the 200 EMA, indicating strong bullish sentiment.
RSI: The RSI is trending upwards near overbought territory but has room to rise further.
Volume: Increasing volume confirms breakout strength.
Strategy:
Long Entry: Enter above ₹126.06 after a breakout confirmation.
Risk-Reward: Favorable with a target near ₹159.88 offering significant upside potential.
Position Management: Trail stop loss once the price reaches ₹140 to secure profits.
HIMATSEIDE CMP 194 - Monthly - Symmetrical TriangleHIMATSINGKA SEIDE LTD forming Symmetrical Triangle pattern on monthly chart.
- Support 145, 120
- Target 1 : 383++
- Target 2 : 534++
RAMCO SYSTEM SET FOR BIG RUNRamco system today gave ascending triangle breakout on weekly charts. Stock gave 52 week high closing with good volume. Expected to test 700 at least in medium term and break all time high in next 12 month.
RIVN | Long Term | 100% ReturnCMP: 12.23
Entry price: 13.5
Target: 27.5
Return: 100%
The consolidation near a key support level is a strong signal of accumulation by buyers.
Watchout volume and retest in the breakout area.
PREMIERENE - ascending triangle - WatchlistThis chart show a technical analysis for Premier Energies Ltd.
The two panels display price action with candlesticks on the right and line chart on the left.
The yellow lines suggest a pattern analysis, likely an ascending triangle, as indicated by the higher lows and horizontal resistance around ₹1,267.95.
Key observations:
Resistance Level: ₹1,244 is acting as a major horizontal resistance.
Support Trendline: The yellow ascending trendline is connecting the higher lows, indicating bullish momentum.
Breakout Attempt: Today's price action suggests a potential breakout with significant volume ₹1,244 close is good buy.
Viaz Tyres Ltd: On the Verge of a Major Breakout or ReversalKey Highlights:
Resistance Zone (₹70-₹72):
The chart shows a well-defined resistance zone marked in red. This level has been tested multiple times without a breakout, making it a critical hurdle for the stock.
Ascending Trendline Support:
The blue trendline indicates a steady upward movement, with the stock consistently making higher lows. This trendline is currently acting as a strong support level, near ₹63.
Critical Support Level (₹53.90):
A red horizontal line at ₹53.90 highlights a strong support zone. If the price breaks below the ascending trendline, this level could act as the next major support.
Volume Analysis:
The stock is witnessing moderate volume near the consolidation phase, indicating indecision. A spike in volume could confirm a breakout or breakdown.
Potential Scenarios:
Bullish Outlook:
A breakout above ₹72 with strong volume could lead to a rally towards ₹85 or higher.
The ascending trendline suggests a positive bias as long as the price respects this support.
Bearish Outlook:
A breakdown below the trendline (₹63) may push the stock towards ₹53.90, the next support zone.
Failure to hold ₹53.90 could trigger further downside.
Takeaway:
The stock is currently consolidating between ₹65-₹72, forming a critical juncture for traders and investors. A breakout above resistance or breakdown below support levels will determine the next trend. Keep a close watch on volume for confirmation of the next move.
Crude oilThe chart is self-explanatory and is shared for educational purposes.
Crude oil is expected to break out of its triangle pattern. Therefore, keep an eye out for a suitable entry point.
RCF Limited: Triangle Breakout & Double Bottom FormationTechnical Analysis:
RCF Limited showcases a triangle chart pattern breakout supported by the formation of a double bottom pattern, a powerful bullish reversal signal. This dual pattern alignment strengthens the bullish case, with the breakout above 176 marking a key entry point for traders.
Trade Setup:
Entry: Above 176
Stop Loss (SL): 158
Target: 274
Pattern Highlights:
The triangle breakout confirms a shift in momentum, with increased buying pressure at critical levels.
The double bottom pattern indicates a strong reversal from the lows, adding confidence in the move toward the target price of 274.
With both a triangle breakout and a double bottom pattern in play, RCF Limited offers a compelling buy opportunity. A combination of technical signals and proper risk management with a stop loss at 158 provides an excellent setup for swing traders aiming for the 274 target. Ensure you monitor volume to confirm the breakout strength.
Flag and Pole in Styrenix what was the old INEOS StyrolutionOverall the pattern shows that a convergence is happening at this level
When we look at the stock over a long period of time, what I realise is that the patterns are repetitive and it has not participated in the bull market as much as the other stocks.
Looking at the shareholding pattern also we can understand that the no.l of shareholders in this counter are only 45,000 which means only savvy and old timers what knew this counter and IPO investors are there rather than catching the frenzy of FNO and traders and mass allotments.
Capri global capital - Descending triangle breakoutDescending triangle breakout in Capri global capital
ERIS - BreakoutThe price has been consolidating since August 2024, forming a triangle pattern. It has now broken out of the triangle, presenting an entry opportunity with a stop-loss placed below the large green candle.
ISEC - Price is near breakoutThis stock form triangle pattern from September 2024 in day time frame. This camer near breakout and bock wick formed over resistance. We can wait for tomorrow confirmation and then decide about entry or wait.
Prajindustries All set for a breakout?
✅Bullish Engulfing from support levels.
✅Good Volume
✅Dry volume when pulling back.
✅Trading above Key DMAs.
❗️Positional SL is very deep(20%)- Adjust SL as per your appetite and position sizing technique.
Position sizing is very important if you are building positions.
Aggressive trader's SL after the breakout is 761 closing basis.
The view is personal. Please do your due diligence before trading. This is not a buy-sell recommendation.
We missed the ideal entry when the stock broke out of the trendline area ( 718-19 range)
-Market Cap₹ 14,798 Cr.
-Current Price₹ 803
-Stock P/E 53.2
-ROCE29.3 %
-ROE23.3 %
