you can see broadening trinagle at the top, followed by three black crows that just took support on pervious highs of bank nifty , so my view is trend is bearish , better to stay in cash, markets rallied good , may be a correction will come before deepavali, after deepavali elections would be near usually fii sell before election year , and if you think simply...
Weekly Triangle pattern breakout. 1:2 or 1:3 target can be achieved. SL below weekly Low and trailed.
formation of Long Term symmetrical triangle breakout which started from the bottom of 2020 low. All this accompanied with High Volume. Buy : today close = 426.65 SL , Target drawn on chart. #OldSchoolTrading
Balmer Lawrie is attempting a breakout from Symmetrical Triangle pattern on 1D & 1W timeframe. Enter on bullish candle closing above the trendline. Please be wary of 'EARNINGS RISK'. Earnings are expected to release around 7th Aug '23. However, Risk Reward Ratio is very good.
NBCC is forming triangle BO on monthly chart a mild supply are 57 above that sky
LIC Housing has been trading in a triangle pattern since June 2017 and has tried to break out of the pattern last week. At current levels of 394 it can be bought in with SL below 330 on weekly closing basis. T1 - 455 - 460 , T2 570 - 580.
Ambuja Cement Cmp 474 dated 3-8-2023 1. Triangle Pattern BO @ 476 2. Higher Lows Buy above 476 for target 487-500-525-535-550 SL 450 It is just a view, please trade at your own risk.
I daily make educational content videos for swing / positional trading
Mostly descending triangle pattern is bearish patten but we have little chance to upwards also if it breakout 7.716 level is bullish or if it go below 7.1 level is bearish.
IRFC has recently moved to all time high and now has formed a symmetric triangle pattern. As per the price action on daily and weekly chart, currently it is trading at pre-breakout level and today closed with good volume. Aggressive traders can initiate long position at CMP and safe trader can take entry once daily candle closed above the entry line. In short...
Key highlights: - Possible selling climax in February. - Shift in the market structure. - Triangle formation. - Daily demand zone at 550-565. - May head towards 700 in Q3/Q4. Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick)
Paytm today gave a volume triangle break out but its still not the time to buy right away. Wait for retracement to get better risk to reward ratio. if its below 550 better. Possible target 1 - 732 Target 2 - 832 Target 3 - 900 Target 4 - 1047 This is long term view not short term view.
I daily make educational content videos for swing / positional
KSCL has given a breakout from Triangle pattern on 1D & 1W timeframe with high volumes. It has formed a triangle pattern within a flag pattern.
Amarajabat counter has given a breakout forming three patterns with Volume Cup and Handle, Long term support/ resistance level, Triangle Pattern and offering a good RR of 2.53 The counter has already retraced to the Breakout level after breakout. Entry level: Above - 700 Target: 780.60 StopLoss: 668 NOTE: I am not a professional Trader/ Investment Expert/...
Hindalco Cmp 447 dated 14-7-2023 1. Triangle Pattern BO @ 450 Buy above 450 target 455-470-485-495 SL 430 It is just a view, please trade at your own risk.
TCS is trading in an ascending triangle chart pattern and is looking good for a buy. No confirmed entry as of current level of 3345 but any move above 3360 should be bought in with target of 3430 and T2 of 3490. Sl will be any closing below 3320 on hourly charts.