Triangle
EURO PANEL PRODUCTS LTDHello and welcome to this analysis
Stock has seen a very strong upmove after a 15 months triangle consolidation.
Next resistance at 250-300 with support coming in at 170-135
Got listed in Dec 2021 so needs some more data in the weekly and monthly time frame for a more clearer perspective.
Happy Investing
Ascending triangle breakout - MAGADHSUGARPlease 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.
Ascending triangle breakout - AVADHSUGARPlease 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.
Berger Paints: Short at retest; Risk Reward 1:6Berger paints breakdown from "symmetrical triangle" chart pattern in daily time-frame. I am expecting huge downside rally after a retrace till Rs 591 (which also translates to 1:6 Risk Reward).
I am planning to go SHORT at 725-730 Levels (but not before 3:00 PM), wicks at the top of daily candle tomorrow will add extra confirmation to our trade.
Entry 725-730
SL 752.1
Target 591
Disclaimer: Please do your own analysis before jumping into the trade. Jumping into trade is not necessary to acquire knowledge, you can be spectator and evaluate how the price moves.
Symphony up 15%? Reason explained post marketI am posting this chart so that we can trade this opportunity in future. I.e. Learning from the past and implementing in future.
Just look at the chart pattern, it looks like a bearish "flag" in 1 hour timeframe. Just look at the buying pressure at 1st 1 hour candle.
What's next?
Well, I am expecting this rally will continue after a retest at the "breakout level".
NEW ENTRY NOT SUGGESTED. Just wait n watch how the price react on Thursday, 22 April.
#HCC long trade idea setup 22/11/23Greetings Folks,
today I have prepared a setup of HCC on NSE
the analysis is as follows-
- the price is on a good bullish trend with efficient price action
- price is currently forming a triangle pattern
- the trendline has been tested 3 times earlier
- the price also tried to break out the equal high static resistance but failed with a wick only
- now if momentum and volume adds up, the price can break past this resistance
don't play with fire, always use a predefined stoploss
FAZE THREE LTD - BOTTOM TRIANGLE & BULLISH WEDGE"Bottom Triangle" chart pattern formed on Faze Three Ltd ( NSE:FAZE3Q ). This bullish signal indicates that the stock price may rise from the close of 477.80 to the range of 507.00 - 520.00.
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation and forming bullish wedge.
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
Ascending triangle breakout - JINDRILLPlease 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.
Finnifty - Nov 21Price movement was choppy today and the price action consolidated by forming a descending triangle.
Support is seen at 19500 - 19540.
Resistance is at 19740 - 19780.
Where to buy or sell?
Buy above 19540 if price took support with the stop loss of 19480 for the targets 19600, 19660, 19720 and 19800.
Bearish below 19500 zone. Sell below 19460 with the stop loss of 19500 for the targets 19420, 19380 and 19320.
Do your own analysis.
You are responsible for whatever you do...
NMDC trading in a channel, wait for breakoutNMDC is trading in a Symmetrical triangle channel on monthly charts. Hence dont get stuck at top resistance of the channel.
On upper side channel breakout - target is 170+
On lower side channel breakout - target is 60-70
Note- Wait for Monthly candle to close above the resistance channel. Else may get stuck in false breakout.