NSE: 3MINDIA is beautifully forming a Symmetric Triangle with a Positive RSI Divergance on Weekly Charts...
This scrip is getting ready for making a big move in next few weeks...
Current Market Price is 11,600
Currently it is in downtrend and may fall upto 11,000 to 11,150 and could take support over 100 Days Moving Average which would be opportunity for...
It is been observed that the price action forms an Ascending Triangle pattern on Daily chart. Now, a close above 450 levels will take the price action further up to 460-470 levels. It is wise to enter once the price action breaks the triangle formation and close above. I'm positing this chart before in order to provide you a good opportunity in advance.
Target...
Ascending Triangle on EURUSD and having good support zone on 1.08575. So long initiate at the level of support zone 1.08575 and to exit at the level of 1.11075. Indicators are showing good bullish signal...
Yes it is ! When you have trade plan and everytime you need to stick to it , even if your expectations differ. You can clearly see it here, We clearly despise this bull run but that doesn't mean we shudn't trade longs in Nifty, grab whatever it offers as per the plan. Even if its bearish breakout we are not gonna hesitate to take the trade, it's what it is,...
Wait & Watch : Watchout for 640 & 690 level in Auropharma. If it breaks above 690 can go up to 800 or if it breaks below 640 it will take a support at 590.
Regards
So here is good triangle formation and there is potential breakout on the cards. IndiaBull has risen up in a jiffy and thats alright, but we aren't aiming for investing purpose. Just a Good Trade for the day with this breakout.
Operating in Consolidation Triangle.Will wait for the break out. Volumes seem low, Triangle completion expected
LTP @ 174
Short term in this week, @166
To watch: How it breaks the triangle.
I planned for so long to post on stocks for Intraday but getting enough time now only to post on these stocks. But as usual not with exact Entry,Stops,Target bcos :
(i) You see the setup, go down on timeframe, check Entry possiblities
(ii) Plan your stops , targets n Entry
Before taking the trade check ur plan :)
The 3 prime reasons given in chart forms basic crux for this trade but do remember that symmetrical triangle breaks both side, not that a guarantee it should break upside. Anyway due to the full blown Bull run in SBI & wave counts I'm expecting upside breakout from this triangle.
Let's see what SBI offers us...Happy Sunday !
We already have SBI symmetrical triangle expecting upside breakup but here BankNifty also providing similar chance.
Though in Both cases RSI shows bearish sign, well let's see where it gives break & then Plan the trade :)
Happy Trading !
Ascending Triangle formation on Grasim. price may break above the support line and MACD showing bullish crossover on bullish trend.
Trade:
Buy above - 1101
Target 1 - 1112
Target 2 - 1124
Stop loss - 1188
Triangle formation on canara bank. Normally, Triangle pattern break either side but here triangle already broken on bull side and lying on resistance level. If the price break the resistance level, then it may move upto 340.
Trade:
Buy above - 310
Target 1 - 325
Target 2 - 340
Stoploss - 295
Reward Points - 30
Risk Points - 15
R : R - 1 : 2
Note : Its...
![3MINDIA: [ Bullish ]......Symmetric Triangle with Positive RSI Divergance](https://s3.tradingview.com/7/7wkFsWTd_mid.png "[ Bullish ]......Symmetric Triangle with Positive RSI Divergance")
