Descending Triangle pattern formation on petronet. According to Descending Triangle will break only on one side which is on downside. It should not break on another side (upside) but if does, it will consider as False Breakout. In Descending or Ascending triangle, some of the times false breakout may happen so need to wait until the price to break. Trade:...
Symmetric triangle and as well long run trend line formed in Biocon and its seems to break on downside with the confirmation of MACD bearish crossover on bearish trend. As I explained about the symmetric triangle on previous chart (which is pasted the chart URL below). But on this chart, price may break on down side because of the trend indicators on bearish. ...
Symmetric Triangle formation on Tatachem and may break either side but currently seems like to break on downside. MACD also currently on below '0'. Anyway this pattern may break either side so trade only after break out happen. Trade for Long: Buy above - 626.50 Target 1 - 635.50 Target 2 - 644.00 Stop Loss - 613.50 Trade for Short: Short below -...
Symmetric Triangle pattern formation on Auropharma on 15 mins timeframe and it may break either. Normally Symmetric triangle pattern only to break either and other two triangles won't break either side. Will explain on another chart about other triangles. Trade for Long: Buy above - 666.50 Target 1 - 668.75 Target 2 - 670.60 Stop Loss - 664.50 Note - If the...
None can assure whether pullback will happen or not but if it goes as per plan then we are good to trade. But take care of below points : i) Short-term setup lasts day or two ii) Risk:reward tool is approx, if you feel stops are wider, reduce it iii) Aggressive entry still valid, but conservative only on pullback
There is an ABCD, there is a triangle formation in development, one potential Double top which is evolving within triangle.. yea... We have various pattern styles in single chart of Nifty. Versatility in one word. We have good triangle formation, most of you might have found earlier itself & we are expecting a false breakout on the upper trendline with Double top...
Stock might resume its prior trend up after resting on its 0.786 fib levels. Tgt - 144460 SL - 13700
Everything in chart. This is a follow up on the weekly breakout. The stock is at a trend line support and has given a positive candle today signaling upward move. Showing good signs on daily too with a potential ascending triangle. Good Luck.
Ascending triangle breakout soon on a daily chart as well. Keep SL according to risk appetite and go for given targets. Falling rubber prices also good for the stock, good results too.
The Dual Breakouts are one from Triangle & next in terms of channel on higher timeframe. i) You can trial stops & ride more upside if Colpal gets bullish ii) On larger Timeframe it will be channel, so channel breakout possibility also there If all goes well, we are in for treat with this colpal breakout.
Actually I planned this stock as Intraday setup only but when looked up on larger timeframe there were 2 triangles, triangle within a triangle, if you are Intraday trader go down on timeframe & take the bullish breakout of smaller triangle. If you are swing trader, obviously the bigger triangle is for you in Emami. Let's see whether Navratna oil keep us cool or...
DCB Bank is getting prepared for making a good triangle break.... and RSI Negative divergance is a good indication... One should get ready to sell DCB Bank below 190 with the targets of 185/180/170 and SL 195 Note: This Idea is published before also but haven't mentioned negative divergance Do your own study before making any position... Please Like,...
It is been observed on the Hourly chart that the price action is trending down in a downward wedge or triangle formation, taking support and resistance at the marked trend lines. Now, it has touched the higher trend line or resistance and now it shall retrace and further go down to the support trend line. Target: 670 Stoploss: 692 RR: 1:3
Just take a very good look at charts, there are just simple lines, nothing complex or as magic. It doesn't mean complex strategies won't work.. both of them have their own pro's n cons, All you need to is completely understand what you are doing n following and sail through with that strategy even in times of downfall. Here we are looking for upside breakout in...
Parachute's are only used for safe landing, well that's what I know of, but why name a Hair oil after Parachute ? Still trying to figure out, though its cool name :) What do we have here, symmetrical triangle, at the first instance you can nail that & what happens in bull trend ? Expect Upside Breakout... That's it. Oh wait ! I have a personal interest &...
Symmetric triangle formation on Reliance and may break either side. NSE:RELIANCE Trade - Long : Buy above - 1377 Target 1 - 1400 Target 2 - 1430 Stop loss - 1350 Trade - Short : Short below - 1340 Target 1 - 1320 Target 2 - 1285 Stop loss - 1360
It is been observed on the Daily and weekly chart that the price action is trending up and now forming a ascending triangle on weekly and daily chart indicating buyers control over price action. Short term: (2-5 Days) Target 205 Stoploss: 197 Mid-term (1-2 weeks) Target: 210 Stoploss: 196 Regards
Allahabad bank broke out of symmetric triangle and closed the day above it. Go LONG with target of 88 with stop loss of 68