Wait for breakout of triangle, Can trade on good breakout candle
Fivestar Business finance has been consolidating in a symmetrical triangle pattern from its listing in late 2022. The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly. The immediate support for the stock is its previous swing low of around 525. 550-555 is a best buy level for a good risk reward...
Since Oct 2022 the price is in a complete side-way trend . For so long the trend not changed so it is more probable now that prices will pick momentum in either direction , I am little biased for a bullish move because on long term the trend is strong bullish. Any news (whether small or big) will become a trigger. We will see a big news now. From US.
Indus tower is in continuous downtrend and now, it is on a strong weekly demand zone. A small pull back, at least can be expected from this level. Even for a continuation of bear trend, a lower high has to be made. However, entry can be confirmed only when there is a small breakdown from the level and subsequent strong buying is done, i.e. a bear trap.
Price is consolidating in a triangle and now it is getting ready to give a break out. Buy above 202 with the stop loss of 194 for the targets 212, 220 and 232. Daily time frame also confirms the same trend. This is not a recommendation to buy/sell. Do your own analysis.
RAIN made a triangle pattern breakout and it looks good for swing/short term trade with SL@165 on daily TF closing basis. TGT1 : 184.65, TGT2 : 199 Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
Please 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% Please consider these ideas for educational purpose Comment below if you are looking for any answers
I daily make educational content videos for swing / positional trading
Kotakbank Fut broke out of descending triangle pattern on an hourly chart with good OI build up. Could be bought with mentioned stoploss & target.
VOLTAS gave breakout in the upper side. Looks good for short term
Persistence Cmp 4984 dated 12-6-2023 1. Ascending Triangle Formation 2. Cup & Handle Pattern formation Buy above 5005 tgt 5110-5200-5300 SL 4850 It is just a view, please trade at your own risk.
intraday traders:Can plan for intraday Shortterm traders:Can plan for shortterm trade on side of breakout
After break out it is retesting the trendline. Anytime it may start its rally. Looks good for swing trading
BHAGYANGR gave a breakout in the upper side. Looks good for swing trading
Break out in TVSELECT. Looks good for swing trading. For entry wait for retest and take
I daily make educational content videos for swing / positional trading
Pattern : Triangle Range : Medium Buy Above : 19520 Stop Loss : 19470 Targets : 19560, 19620, 19650 Sell below : 19420 Stop Loss : 19470 Targets : 19380, 19320 Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Pattern : Triangle(Descending) Range : Medium Buy Above : 44040 Stop Loss : 43960 Targets : 44120, 44200 and 44280. Sell below : 43840 Stop Loss : 43920 Targets : 43760, 43680 and 43600. Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.