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Triangle

VoltasPrice is facing double top resistance at the 1434 - 1438 zone and had a pullback towards the 1410 zone. Nearby strong support is at 1400. 1400 and 1412 are buying(support) levels. Buy can be initiated depending on the price movement at these levels. Buy above 1412 with the stop loss of 1400 for the targets 1422, 1430, 1442, 1454, and 1466. If the price opens below 1410 and moves towards 1400, we can buy when the price shows bullish strength above 1400. Price is bearish below 1400. Sell below 1395 with the stop loss of 1405 for the targets 1386, 1374, and 1362.
NSE:VOLTAS
by vanathi
1
Multi-Pattern Mastery: Descending Triangle Meets Broadening FormThis chart demonstrates the power of multi-pattern recognition in technical study,showcasing how a descending triangle (white lines) can coexist with a broadening formation pattern (red ascending line with shared lower base). The descending triangle shows consistent lower highs against a stable support level, while the broadening pattern reveals expanding volatility through higher highs and the same lower boundary. Patterns to Study : Descending Triangles: Characterized by horizontal support and declining resistance, typically indicating bearish pressure building Broadening Formations: Feature diverging trendlines creating a "megaphone" effect, signaling increased market volatility and indecision Pattern Confluence: When multiple patterns share common elements (like the lower support base here), it creates stronger technical significance and potential reference points Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always conduct your own research before making any trading decisions.
NSE:GMRP&UILong
by Averoy_Apoorv_Analysis
Dr. Reddy's (Weekly Timeframe) - Potential BreakOut?Dr. Reddy's Laboratories is currently in a phase of strategic consolidation. After a remarkable 93.63% uptrend that began in March 2022, the stock has settled into a well-defined triangle formation since August 2024. This pattern suggests a temporary equilibrium between buyers and sellers as the market digests previous gains. The technical underpinnings remain constructive. The Positive Crossover (PCO) in the short-term EMAs provides a bullish undercurrent, and the resilience of key support levels indicates a solid foundation. The primary scenario we are monitoring is for a bullish continuation. The key catalyst for the next leg up will be a volume-supported breakout above the triangle's resistance. Such a move would signal the end of the consolidation phase and could propel the stock towards retesting its All-Time High (ATH) . Investors should, however, remain watchful of the trading volume, as it will be the ultimate arbiter of the breakout's validity.
NSE:DRREDDY
by Learn_with_Pth0mas
Caplin Point (Weekly Timeframe) - Will the uptrend continue ?After a brief downtrend, Caplin Point has formed a classic triangle pattern , which often acts as a continuation signal for the preceding long-term uptrend. Technical indicators are favorable, with the short-term EMAs arranged in a bullish formation that signals strong underlying momentum. The one element of caution is that recent trading volumes have been average. Therefore, a breakout from the triangle must be accompanied by a significant increase in volume to validate buyer conviction. If such a breakout occurs, the next logical objective would be the all-time high, which also serves as a key resistance zone at ₹2640 . Conversely, if the pattern fails and momentum wanes, a pullback to the ₹1886 support level is possible. Watchout for the price-action !!
NSE:CAPLIPOINTLong
by Learn_with_Pth0mas
NLC India Ltd (Weekly Timeframe) - Potential BreakOut & ATH ??Following its all-time high, NLC India has been consolidating in a sideways pattern, which can be interpreted as a bullish triangle formation—often a precursor to an uptrend continuation. This thesis was strongly supported this past week by a powerful +14.97% rally on a massive volume spike, indicating a potential end to the consolidation phase. However, the stock is now confronting a formidable, long-term horizontal resistance level that has been in place for over a decade (since December 2007). This same trendline has rejected multiple breakout attempts since December 2023. For the bullish momentum to translate into a new leg up, NLC India must decisively breach and hold above this historical barrier. A successful breakout could clear the path for a new all-time high and a near-term target of ₹311 . Price-action will decide the way forward.
NSE:NLCINDIALong
by Learn_with_Pth0mas
Gulf Oil (Weekly Timeframe) - Potential BreakOut & ContinuationTechnical analysis of Gulf Oil reveals a promising setup. The stock has formed a classic triangle pattern , indicating a period of consolidation before a likely continuation of its preceding uptrend. This week, we've observed a significant breakout attempt, which is notable as it follows multiple rejections from the pattern's upper trendline. For this breakout to be considered valid, it must be accompanied by a surge in trading volume , confirming buyer conviction. If these conditions are met, the stock could challenge its all-time high of ₹1469 . Further reinforcing this positive sentiment, the short-term EMAs are in a bullish configuration, signaling that momentum is currently in favor of an upward move.
NSE:GULFOILLUBLong
by Learn_with_Pth0mas
ABDL (Daily Timeframe) - Can it continue the uptrend ??ABDL is in a confirmed uptrend, having rallied over 90% since its April 2025 lows. The stock is now consolidating within a bullish triangle pattern , which typically signals a continuation of the prior trend. This bullish outlook is supported by several key factors: Today's significant price surge was accompanied by a massive spike in volume, confirming strong buyer interest and a potential breakout. The short-term Exponential Moving Averages (EMAs) are in a Positive Crossover (PCO) state , indicating strong underlying momentum. If the breakout from the triangle is sustained, the next potential price target is the ₹614 level.
NSE:ABDLLong
by Learn_with_Pth0mas
Ascending Triangle Pattern in Technical Analysis The Ascending Triangle is a bullish continuation pattern. It forms when the price creates higher lows (🔼) while facing consistent resistance at the same horizontal level (🔴). 🧐 How to Identify It Flat Resistance Line 🔴 Price hits the same level multiple times and gets rejected. This creates a horizontal line on top. Rising Support Trendline 🔼 Each dip forms a higher low, indicating buying pressure. Connect the swing lows with a rising trendline 📈. 📊 How to Trade It Entry : Breakout Entry: Enter when price breaks and closes above the resistance line with high volume 💥.Conservative traders wait for a retest of the breakout zone (resistance becomes support). Target : Measure the height of the triangle and project it upward from the breakout point. Example: If triangle height = $0.30, add $0.30 above breakout. Stop Loss : Below the last higher low 🔽 Or slightly below the triangle support trendline 📉 BINANCE:SUIUSDT.P
Education
by Riddhesh-Kale
Eris Lifesciences Ltd: Symmetrical Triangle FormationEris Lifesciences Ltd . is currently exhibiting a Symmetrical Triangle Pattern on its daily chart. This pattern is characterized by converging trendlines formed by lower highs and higher lows, indicating a period of consolidation. While symmetrical triangles often serve as continuation patterns, they can also signal potential reversals, depending on the breakout direction. The pattern's apex is approaching, suggesting that a breakout—either upward or downward—is imminent. It's crucial to monitor the breakout closely, as the direction will determine the subsequent trading strategy. 📉 RSI Analysis: Indicating Sideways Momentum The RSI for Eris Lifesciences is currently below 50, indicating a neutral to bearish momentum. This suggests that the stock is in a sideways trend, with neither bulls nor bears gaining a clear advantage. Such conditions are typical during consolidation phases, reinforcing the current symmetrical triangle pattern. 🕯️ Candlestick Insight: Doji Formation Recently, multiple doji candlestick with long legs has formed, signaling indecision in the market. A Doji occurs when the opening and closing prices are nearly identical, reflecting a balance between buying and selling pressures. The long wicks indicate that both bulls and bears attempted to take control but failed, leaving the market in a state of equilibrium. This formation suggests that significant market participants are awaiting a catalyst to drive the next move, making it a critical point to observe for potential breakout confirmation. 🧠 Strategic Outlook: Awaiting Breakout Confirmation Given the current technical indicators—a symmetrical triangle pattern, neutral RSI, and a doji candlestick—it's prudent to adopt a wait-and-see approach. The next significant move will depend on the breakout direction from the triangle: Bullish Scenario: A breakout above the upper trendline, accompanied by increased volume and a rising RSI, would suggest a continuation of the uptrend. Bearish Scenario: Conversely, a breakdown below the lower trendline, with declining volume and a falling RSI, would indicate a potential reversal to the downside. In both scenarios, it's essential to wait for confirmation through volume and momentum indicators before entering a position. 📌 Conclusion Eris Lifesciences Ltd. is at a pivotal juncture. The formation of a symmetrical triangle, coupled with a neutral RSI and a doji candlestick, points to a period of consolidation. Traders should remain vigilant for a breakout in either direction, using volume and momentum indicators to confirm the move before making trading decisions. As always, it's advisable to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
NSE:ERIS
by Arvind_Share_Academy
Route Mobile – Ascending Triangle Breakout Ahead on 1H timeframeRoute Mobile is showing strong technical momentum with an Ascending Triangle Breakout visible on the 1-hour chart. Price has broken above the resistance zone with notable volume support, signaling bullish strength. Upside Potential: ~6% and possibly more if momentum sustains Trigger Point: Breakout above resistance confirms fresh buying interest Why this is significant: The Ascending Triangle is a bullish continuation pattern. It forms when buyers steadily push prices higher with rising lows, while resistance holds firm. Once the resistance is decisively broken, it often unlocks strong upside potential as trapped sellers exit and fresh buyers enter with momentum. Upside projection is based on the triangle’s height added to the breakout level, aligning with a potential 6% move. If volume sustains above breakout, there could be even more room for price appreciation. 🔎 Key takeaway: Breakout already in play, and Route Mobile looks poised for strong short-term momentum.
BSE:ROUTELong
by Jeevyog
US 10Y Yield – Wave 4 Pause Before the Final SurgeDisclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions. The Setup The US 10-year yield has been consolidating after topping near 5.021%. Price action since then has formed a contracting structure that looks very much like a Wave 4 triangle . At present, yields hover near 4.0% — a crucial pivot. Triangle view: Wave 4 is complete, setting the stage for Wave 5 higher. Flat view: If yields break below 4.0%, Wave 4 may stretch deeper into a flat correction, potentially testing 3.6–3.7%. Either way, the Elliott script points to one more advance: Wave 5 up . What Wave 5 Could Mean If the US 10-year yield really enters Wave ⑤ up, buckle up: Bond prices tank → inverse relation, so Treasuries bleed. Equities feel the heat → higher yields = expensive valuations, especially for growth stocks. Dollar flexes → global FX could see USD strength. Borrowing costs bite → mortgages, corporate loans, government debt servicing all tighten. In short: Wave ⑤ = a macro “stress test .” Why India Should Care A breakout in US yields rarely stays a US-only story. For India, it means: FII outflows as global funds chase safer US returns INR under pressure , increasing imported inflation risks Indian bond yields rising , even without RBI action Equity market stress , especially in IT and rate-sensitive sectors Final Thoughts The triangle scenario points to an imminent breakout above 5.0%. A deeper flat only delays it. For traders and investors, this is the chart to watch — because Wave 5 in US yields isn’t just a bond market story, it’s a global macro shockwave .
TVC:US10YLong
by WaveXplorer
Adani Power (Daily Timeframe) - Bullish BreakOut or NotAdani Power has been in an uptrend since Nov 2024 & has formed a Triangle pattern. The past two days it has BrokenOut of the Triangle pattern with exceptionally huge volume indicating buyer interest. Short-term EMAs are in PCO state as well as the stock has breached two major resistance trendlines asserting Bullishness. A Golden Cross-over has formed since few days, indicating Bullishness We may see levels of 749 if the momentum continues as well as a major resistance trendline is breached. It may go down to 583 levels if momentum is not sustained. Keep monitoring the price-action !!
NSE:ADANIPOWERLong
by Learn_with_Pth0mas
Precision Camshafts (Daily Timeframe) - Momentum Or NotPrecision Camshafts is on a bullish rally since yesterday, gaining +39.29%. Key observations to note are that since the ATH in Dec 2024, the stock was in a downtrend which has reversed since Apr 2025, as the stock been forming Higher Lows. and a Triangle pattern is formed as shown. Since the past two sessions, the stock is able to BreakOut of the Triangle pattern as well as BreakOut of the Daily resistance trendlines with huge volumes, showing buyer interest. On an upside, if the momentum continues, we may see the stock go to 290 levels. If the stock is unable to sustain the momentum and goes down, we may see 168 levels. Price-action in the coming days will dictate how the stock goes forward. Keep monitoring !!
NSE:PRECAMLong
by Learn_with_Pth0mas
Surana T&P (Daily Timeframe) - Will it make new ATH?Surana has formed a Triangle formation which it Broke-Out last week confirming a bullish momentum. Short-term EMAs are in a PCO state. Today the stock opened Gap-up and formed a strong bullish candle (16.86%) with huge volume. A Golden Cross-over in both EMAs and DMAs may form in the coming days, which is a bullish signal, confirming the momentum. On upside the stock may reach 37 levels if the momentum continues. If the stock is unable to sustain momentum, then we may see the levels of 17 on the downside. Price-action is what we need to keep monitoring!!
NSE:SURANAT&PLong
by Learn_with_Pth0mas
Perfect Symmetrical Triangle Chart Pattern💡 Chart Pattern Education Symmetrical triangles are powerful continuation patterns that form when buyers and sellers reach equilibrium. The converging trendlines create a coiling effect, building pressure for the next major directional move. Studies show 68-75% success rate when traded with proper volume confirmation. ⚡ Matching the Chart shown and the above definition ✅ Higher lows trend intact on support trendline ✅ Lower highs forming clean resistance line ✅ Consolidation phase showing market indecision ✅ Volume declining as expected in triangle patterns ✅ Multiple timeframe confirmation visible Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Trading involves risk, and past performance is not indicative of future results. Traders should conduct their own due diligence and consider their risk tolerance before making any trading decisions
NSE:E2ELong
by Averoy_Apoorv_Analysis
Viviana Power Tech – Where Fundamentals Fuel the Breakout?Viviana Power Tech Ltd, based in Gujarat, operates in the power transmission and distribution EPC space, offering services like EHV substations, underground cabling, and testing/commissioning. The company has shown rapid expansion in revenue and profitability, riding on India’s growing power infrastructure demand. Fundamental Analysis Financial Performance Revenue Growth: From ₹66 crore (FY24) to ~₹235 crore TTM, reflecting a 250%+ YoY growth. Net Profit: Jumped from ₹7 crore (FY24) to ~₹22 crore TTM. EPS (TTM): ~₹28–35 depending on consolidation basis. Key Ratios P/E Ratio: ~34–36× (slightly expensive compared to sector peers). P/B Ratio: ~12.5× (stretched valuations). ROE / ROCE: Strong at ~28–31%, respectively. Debt-to-Equity: Moderate at ~0.48. Promoter Holding: ~70.3% (indicating strong skin in the game). Outlook Strengths: Explosive revenue and profit growth, high return ratios, strong order book visibility. Risks: Expensive valuations, thin dividend track record, seasonal volatility in September. Technical Analysis Pattern Formation: The stock has been consolidating inside a symmetrical triangle since June, and has now given a breakout with strong bullish candles. Key Levels: Close Above Zone: ₹1,290 – A decisive breakout level. Immediate Resistances: R1: ₹1,400 R2: ₹1,495 R3: ₹1,650 Support/Reversal Zone: ₹1,127 – ₹1,187 Momentum: The breakout with a ~4.7% surge on above-average volumes suggests the beginning of a fresh upward trend. Trend Outlook: If the stock sustains above ₹1,290, momentum traders can eye ₹1,400–₹1,495 in the near term, with ₹1,650 as a medium-term target. A fall below ₹1,187 may invalidate the bullish view. Techno-Fundamental Verdict Viviana Power Tech stands out as a high-growth mid-cap in the power EPC sector with strong fundamentals, backed by robust ROE and revenue expansion. The recent technical breakout from consolidation adds a bullish confirmation, suggesting renewed investor interest. For Investors: Attractive for long-term growth seekers, but valuation is expensive—advisable to accumulate on dips near support zones. For Traders: Sustaining above ₹1,290 opens the door for a rally toward ₹1,400–₹1,495 in the short term. Stop-loss should be placed below ₹1,180 for risk management. Conclusion: Viviana is a growth-driven, high-potential, but richly valued stock. Fundamentals indicate strength, and the technical chart signals bullish continuation. A balanced approach—combining staggered investment with tactical trading entries—may offer the best risk-reward. Disclaimer: lnkd.in
NSE:VIVIANA
by Alice Blue
Breaking Out of Falling Wedge and Symmetrical TriangleNSE:SYRMA is breaking out of Falling Wedge and Symmetrical Triangle Breakout on Weekly TF. With 2nd Best Weekly Volumes. NSE:SYRMA is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization. Recently it posted good Q2 FY 24-25 Results, posting a 30% Y/Y rise in Q2 consol profit after tax. The auto and healthcare businesses led growth in Q2 and will drive future growth further ahead. Also, expect a recovery in margins fuelled by higher exports and design and manufacturing businesses. NSE:SYRMA faces margin challenges as the consumer segment, which comprises 35%—38% of topline, operates with lower margins, and they are aiming to lower the segment's share further. One can wait for a retracement or ride the momentum with the current week candle as stop loss. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SYRMALong
by Karanshah137
2
DEVYANI - TRINGLE BREAKOUTDevyani Intl – Triangle Breakout Loading? 🚀 📊 Stock Analysis: Devyani International Ltd (NSE: DEYANI) 🔹 Technical Overview Pattern: Symmetrical Triangle breakout attempt visible on daily charts. Price has tested the upper resistance trendline multiple times (₹190–₹195 zone) and is now trading above short-term EMAs. Key Support Levels : ₹165, ₹150 Immediate Resistance Levels: ₹185, ₹195 (major breakout zone) Indicators: RSI (14): 66.5 → Positive momentum, but near overbought levels. EMA Cluster (20/50/100/200): Price trading above all key EMAs – strong short-term bullish signal. Volume: Breakout supported with above-average volumes (5.3M vs 3.1M avg). ➡️ A sustained close above ₹185–₹190 could trigger a rally towards ₹200–₹210. 🔹 Fundamental Snapshot Business Model: Devyani International Ltd is the largest franchisee of Yum! Brands in India, operating KFC, Pizza Hut, and Costa Coffee. Growth Drivers: Rapid store expansions (targeting Tier II/III cities). Rising QSR demand in India with improving urban disposable income. Long-term industry tailwinds in organized food retail. Risks: Margin pressures due to inflation in raw materials. Intense competition in QSR space (Domino’s, McDonald’s, Burger King). High dependence on discretionary consumer spending. 🔹 Trading Strategy Short-Term (1–3 weeks): Buy on dips near ₹170–₹175, SL below ₹165. Target: ₹190 / ₹200. Medium-Term (2–3 months): If breakout above ₹195 holds with volume, positional target can be ₹220+. Risk Management: Keep SL below triangle support (₹160) for positional trades. 🔹 Sentiment & Outlook 📈 With improving consumer demand and strong expansion plans, Devyani remains a long-term growth story in India’s QSR sector. Current technical setup indicates a potential breakout rally if momentum sustains above ₹185–₹190. ⚡ Conclusion: 👉 Stock is at a make-or-break zone. Sustained move above ₹190 could unlock fresh highs, while failure may keep it in consolidation within the triangle.
NSE:DEVYANILong
by vkj123