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Triangle

SHAKTIPUMP | Chart Analysis | Symmetrical triangle | Daily--- ### 📊 **Technical Summary:** #### 🔹 **Chart Pattern:** * A **falling wedge** breakout occurred **within a broader rectangular consolidation** (boxed range). * The breakout zone was near **₹907**, and the stock has since surged past the key resistance. #### 🔹 **Breakout Confirmation:** * Price closed at **₹992.10**, sustaining above the breakout. * The wedge breakout followed by a strong bullish candle confirms **upward momentum**. #### 🔹 **Volume Action:** * Noticeable spike in volume during the breakout — indicating **institutional or strong hands entry**. * Volume > 1.91M, which is far above the 50-day average, confirming strength. #### 🔹 **Target Projection:** * Target = Breakout height added to breakout level \= ₹907 + ₹258.95 ≈ **₹1,163** * Marked on chart as **28.64% upside potential** #### 🔹 **Indicators (Right Panel):** * **EMA Trend**: All EMAs (8, 21, 55, 144) are rising — bullish alignment. --- ### 🔍 **Levels to Watch:** | Type | Price (₹) | | ---------------------- | --------- | | **Breakout Level** | 907.00 | | **Current Price** | 992.10 | | **Resistance/Target** | 1,163.00 | | **Support Zone** | 907–925 | | **Volume Spike Price** | \~900–930 | --- ### ✅ **Conclusion:** SHAKTIPUMP is showing a **textbook falling wedge breakout** with heavy volume. The target stands at **₹1,163**, offering a potential **17%+ upside** from current levels. As long as it holds above ₹907–925, the bullish structure remains intact. ---
NSE:SHAKTIPUMPLong
by DailyCharts03
The Silent Power of Wave 4: Why You Shouldn’t Ignore TrianglesMarkets often scream during impulse waves but whisper during corrections. Yet it’s in those quiet phases—especially Wave 4 corrections—that the next big move is born. HERO MOTOCORP’s current price action may just be one of those setups that rewards the patient. Spotting the Triangle in Wave 4 After a strong Wave 3 high at ₹4,454.60, the price began consolidating. Instead of a sharp drop, a sideways grind with overlapping price action began unfolding—classic signs of a triangle possibly forming. So far, the internal structure appears to be evolving as an (A)-(B)-(C)-(D)-(E) formation, although the triangle is not yet confirmed . The final leg (E) is pending, and until a proper breakout with impulsive character occurs, this remains a working hypothesis. The retracement zone between 0.236 (₹4,284.75) and 0.382 (₹4,179.70) of Wave 3 has held price so far. This shallow pullback supports the idea of a triangle, which is typically more time-consuming than other corrective forms. RSI Divergence: A Sign of Weakness There’s also a noticeable RSI divergence in play. While price made a higher high, RSI printed a lower high—a clue that momentum is cooling. This supports the idea that Wave 3 ended and Wave 4 is underway. Momentum cooling during a triangle formation is common, as the market pauses before its next move. Volume Behavior Volume spikes during impulsive waves and contracts during consolidations. HERO’s chart reflects just that—volume expanded strongly during Wave 3 and has dried up during this suspected Wave 4. This aligns well with triangle behavior, where uncertainty reduces participation before the breakout. Invalidation Level and Risk Clarity ₹3,994.10—Wave 1’s top—acts as the invalidation level. If price breaks below this, the current wave structure becomes invalid and must be recounted. As long as this level holds, the bullish bias remains intact. A breakout above the Wave 3 high with conviction could mark the beginning of Wave 5. Since Wave 4 hasn’t completed, potential targets for Wave 5 can only be projected once it ends. Typically, Wave 5 can extend to 1x or 1.618x of Wave 1, measured from the end of Wave 4—once its final low is in place. Final Thoughts Triangles are often ignored. But in Elliott Wave Theory, they are hidden launchpads—silent phases that precede explosive moves. HERO MOTOCORP might be presenting one such opportunity. If the triangular structure completes cleanly and holds key levels, a fresh impulse could be unfolding. Chart will be updated as price action evolves. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:HEROMOTOCOLong
by WaveXplorer
$NSE:WONDERLA : Triangle Pattern Bullish ViewNSE:WONDERLA WONDERLA HOLIDAYS LTD *Chart Type:* Daily *Date of Analysis:* June 11, 2025 *CMP:* ₹666.30 (+3.30%) *Volume:* 66.9K (Above Average) --- ### *Chart Observations* #### 🔷 *Pattern Formation* * *Symmetrical Triangle* breakout appears in progress. * Price has closed *above triangle resistance* (\~₹665), indicating a potential bullish breakout. * Prior consolidation between *₹600–₹714* has created a solid base. --- #### 📊 *Fibonacci Retracement Levels (From ₹947.40 to ₹600)* * *0.786:* ₹674.35 → *Now testing this level* * *0.618:* ₹732.70 → *Likely next target post breakout* * *0.5:* ₹773.70 → Midway retracement * *0.382:* ₹814.70 → Strong resistance zone * *0.236:* ₹865.40 → Extended target --- ### *Indicators Used* #### ✅ *RSI:* * RSI turning up with a current reading around *55–60*, showing *positive momentum* building. * RSI bounce from neutral zone suggests fresh buying interest. #### ✅ *Volume:* * *Volume spike* on breakout candle confirms strength. * *Volume Run Rate:* 72.6% of avg → Signaling participation --- ### *Moving Averages* * Price has crossed *short-term EMAs* and is heading toward the *200-day MA* (\~₹690–₹700 zone). * Sustained close above 200-DMA will strengthen bullish trend further. --- Key Levels to Watch (WONDERLA) 🔹 Immediate Resistance: ₹674–₹690 ↪️ Testing 0.786 Fibonacci level + 200-DMA zone 🎯 Short-Term Target: ₹732 ↪️ Aligned with 0.618 Fibonacci retracement 🎯 Mid-Term Target: ₹773 ↪️ 0.5 Fib level and psychological resistance 🎯 Extended Targets: ₹814 / ₹865 ↪️ Based on 0.382 and 0.236 Fibonacci retracements 🔻 Support: ₹645 ↪️ Triangle base & recent swing low 🛡️ Major Support Zone: ₹600–₹615 ↪️ Strong historical demand zone & pattern bottom --- 🔔 Trading Strategy Bias: Bullish ✅ Entry on dips above ₹665, maintaining a stop-loss at ₹645 🎯 Initial Target: ₹732 🎯 Next Target: ₹773 🔁 Once breakout is confirmed, trail stop-loss to entry level to lock in gains --- ### ⚠️ * Risks & Disclaimer * * *Markets can be volatile*, and chart patterns may fail. * *Set Stop Losses*, position sizing is critical. * This analysis is for *educational purposes only* and not financial advice. Please consult your financial advisor before investing.
NSE:WONDERLALong
by vkj123
$NSE:SWSOLAR : Triangle Breakout with Volume ConfirmationNSE:SWSOLAR 🧠 CHART OVERVIEW Exchange: NSE Current Price: ₹304 Volume: 7.4M (above avg: 3.11M) Indicators Used in this analyis: EMA (20/50/100/200), RSI (14-day), Volume, Fibonacci Retracement, Support/Resistance, Pivot HL, Symmetrical Triangle Breakout --- 🔍 TECHNICAL ANALYSIS 1️⃣ Breakout & Trend Structure - Symmetrical triangle breakout confirmed with high volume - Strong buying interest (7.4M vs 3.1M avg volume) 2️⃣ Support & Resistance Levels - Support: ₹273.50, ₹244.60 - Resistance: ₹333.00, ₹350.75, ₹390.00–452.75 3️⃣ Fibonacci Retracement Insights - Reversed from ₹220 (1.0 retracement), now approaching ₹350.75 (0.786 Fib) - Key targets: ₹452.75 (0.618 Fib), ₹524.40 (0.5 Fib) 4️⃣ Moving Averages - Price above EMA 20/50/100 but below 200 EMA (₹390.44) - Short-term momentum bullish, long-term trend yet to confirm 5️⃣ RSI & Momentum - RSI: 64.05 – Bullish but near overbought - Momentum picking up, supporting breakout 6️⃣ Volume & Price Action - 137% above avg volume suggests institutional interest - Bullish marubozu candle with no upper wick --- 🎯 PRICE TARGETS (Next 3 Months) - ₹333.00: Short-term resistance - ₹350.75: 78.6% Fib retracement - ₹390.00: 200 EMA & major resistance - ₹452.75: 61.8% Fib breakout zone --- 🛑 STOP LOSS & SCENARIOS - SL: ₹244.60 (conservative), ₹273.50 (moderate) - Bullish: Above ₹312 → Buy dips, trail SL - Neutral: ₹273–333 range → Observe - Bearish: Below ₹273 → Exit, re-enter near ₹244 --- 📢 DISCLAIMER This analysis is for **educational purposes** only. Not investment advice. Markets are volatile; consult a financial expert before making decisions.
NSE:SWSOLARLong
by vkj123
Bullish structure : ADVENZYMES - Ascending Triangle ### 🧾 **Chart Type & Time Frame** * **Daily Candlestick Chart** (1D) * **Exchange**: NSE (India) * **Latest Price**: ₹305.95 (+6.12% on the day) * **Volume**: 726.33K (well above average — **457.83%** Volume Run Rate) --- ### 📉 **Trend Analysis** * **Primary Trend**: Downtrend from ₹517.90 (high in Nov 2024) to a bottom around ₹257.90 (March 2025). * **Current Action**: Price is showing a **potential reversal** from a long downtrend. * **Higher Lows Pattern**: Since the bottom at ₹257.90, price has made: * ₹261.10 → ₹266.00 → ₹273.65 → ₹306.85 → (Now breaking above ₹306.75) This forms an **ascending triangle** pattern (bullish bias). --- ### 📊 **Indicators & Overlays** #### 1. **Moving Averages (EMA)** * EMA levels: * EMA-20: ₹290.07 * EMA-50: ₹292.01 * EMA-100: ₹310.17 * EMA-200: ₹337.89 **Current price (₹305.95)** is: * Above EMA-20 & EMA-50 → Short-term bullish * Slightly below EMA-100 and EMA-200 → Mid-to-long term resistance still ahead If it breaks and sustains above EMA-100 & EMA-200, stronger uptrend confirmation. --- #### 2. **Fibonacci Retracement (from ₹571 to ₹258)** * **Key levels:** * 23.6% → ₹497.15 * 38.2% → ₹451.45 * 50% → ₹414.55 * 61.8% → ₹377.65 * 78.6% → ₹325.05 *(Immediate target zone)* **Price approaching 78.6% retracement (₹325.05)**, which is a key resistance zone. A breakout here can push prices towards ₹337-₹350 zone. --- #### 3. **RSI (14, Close)** * Current RSI: **\~62.90** * Moving above the 60 level, indicating building bullish momentum. * Still not overbought (>70), room for upward move exists. --- #### 4. **Volume** * Spike in volume on the breakout day → Strong confirmation. * Today's volume: **726.33K** vs average 163.81K → Over **4x average**. --- ### 📌 **Support & Resistance Levels** #### Key Resistance: * ₹306.85 (recent swing high) → **Broken today** * ₹325.05 (Fibo 78.6%) * ₹337.89 (EMA-200) * ₹350–365 (previous price clusters) #### Key Support: * ₹293–296 (previous resistance, now support) * ₹273.65 (swing low) * ₹258 (Fibo 100% level) --- ### 🔺 **Pattern Observed** * **Ascending Triangle** breakout confirmed with high volume * Bullish structure: Higher lows with flat resistance (₹306 zone) * If price sustains above ₹306, could target ₹325–₹350 short term --- ### 🔮 **Conclusion & View** ✅ **Bullish Bias in Short Term** * Breakout of important level with strong volume * RSI supportive * EMA crossovers may follow if trend continues 📈 **Short-Term Target**: ₹325 → ₹337 → ₹350 📉 **Stop Loss**: ₹293 or ₹280 (based on risk appetite) 📌 Disclaimer: This analysis is for educational and informational purposes only and does not constitute investment advice. Please do your own research or consult with a financial advisor before making any trading decisions. Markets are subject to risks.
NSE:ADVENZYMESLong
by vkj123
Tirumalai: The Anatomy of a BreakoutOn the daily chart, TIRUMALCHM appears to be approaching a potential breakout from an ascending triangle pattern, a formation often associated with bullish continuation. Notably, the price has managed to close above all key EMAs, including the 200-day EMA, which is widely regarded as a long-term trend indicator. From a momentum perspective, both the RSI and MACD indicators are showing strength on the daily and weekly timeframes. These signals may suggest the early stages of a sustained upward trend, contingent on broader market conditions and follow-through price action. Given the current technical setup, the stock may be considered for gradual accumulation near the CMP. Alternatively, more conservative participants might prefer to wait for a potential retest of the breakout zone in the coming sessions, which could offer a more favourable risk-reward entry with a next long term resistance of ₹340 . A technical invalidation level could be considered below the ₹251 mark, depending on individual risk tolerance and trading strategy. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Market participants are strongly encouraged to conduct their own research or consult with a qualified financial advisor before making any investment decisions.
NSE:TIRUMALCHMLong
by NiftyNotion
SHAKTI PUMP : A text book break out• Stock broke a 4 month long short term trendline on 06th Jun25. • Taken support from long term trendline. • Big boys took position for the last 2 months without disturbing the price. • An increase in volume is the testament of the hypothesis. • Go long on positional/swing basis. • Target 1: 1029.5 • Target 2: 1192 • Target 3: 1356.5 • SL for Swing traders: 878 • SL for positional trader: 839 • A RR of 1:4.75. A classical textbook breakout. • Enjoy the show!!!
NSE:SHAKTIPUMPLong
by trader_ghosh
5
HINDZINC - NSE | Daily Chart Analysis📊 HINDUSTAN ZINC LTD (HINDZINC) – NSE | Daily Chart Analysis 📅 Date: May 30, 2025 📈 CMP: ₹464.75 (+2.68%) 📌 Ticker: NSE:HINDZINC 🧠 Technical Breakdown 🟢 Descending Trendline Breakout 🟢 The stock is showing early signs of strength as it approaches the apex of a long-term descending trendline. Price action is attempting a trendline breakout from a nearly year-long downtrend, suggesting the possibility of a bullish reversal. 🔍 Volume Confirmation Steady volume buildup over the past few sessions, potentially indicating accumulation ahead of a confirmed breakout. 📉 Well-Defined Support ₹374.65 has acted as a strong demand zone on multiple occasions, offering a solid base for the current move. 📍 Key Price Levels 🔺 Resistance (Trendline Breakout Zone): ₹465 🔻 Major Support: ₹374.65 🎯 Upside Targets (on breakout): ₹500 ₹535 ₹575+ 🛡️ Stop Loss: Below ₹440 (on breakout failure) 📌 Trading Strategy Aggressive Entry: On breakout + closing above ₹465 with volume surge Conservative Entry: Retest of trendline post-breakout SL: ₹440 Target Zone: ₹500–₹575 ⚠️ Disclaimer This post is for educational purposes only and does not constitute financial advice. Always conduct your own analysis or consult a financial advisor before investing.
NSE:HINDZINCLong
by PriceAction_Pulse
OFSS | Symmetrical Triangle | BreakOut |DailyGot it! I see the **ORACLE FIN SERV SOFT LTD** chart. Let’s break down what we’re seeing: --- **🔍 Pattern Observed:** ✅ **Symmetrical Triangle / Ascending Triangle:** The chart shows an **ascending triangle breakout** pattern — higher lows and horizontal resistance. Volume is starting to increase, suggesting an upcoming move. ✅ **Base Formation:** * There was a **rectangle base** (accumulation zone) from March to April 2025, marked with a box. * Post breakout from this rectangle (around 8,000 zone), the stock formed higher lows, consolidating into the triangle. ✅ **Resistance:** * Horizontal resistance around ₹8,913.15 – key breakout level. * Once price closes above this zone with volume, the pattern confirms. --- **📈 Measured Move Target:** * Height of the triangle / base: \~₹1,000 * Breakout level: \~₹8,900 * **Target:** ₹8,900 + ₹1,000 = **₹9,900 – ₹10,000** zone --- **🔧 Indicators:** * Volume increased during the breakout attempt – bullish sign. * EMAs are starting to converge; above EMA-21 and EMA-55, showing short-term trend strength. --- **✅ Conclusion:** * **ORACLE FIN SERV SOFT LTD** is attempting an ascending triangle breakout. * Confirmation comes with a strong close above ₹8,913 on increased volume. * Target potential: ₹9,900 – ₹10,000. Would you like me to highlight support/resistance, trendlines, and add potential trade setups (stop-loss/target zones) for this breakout? Let me know! 🚀📊
NSE:OFSSLong
by DailyCharts03
Gold on it’s target - Next Move BullishOur yesterday analysis went TRUE . As expected after reaching high gold came down for correction. As you all know today there is PMI news today, so market will come down and after that take upward momentum. So do wait for it and after that execute the trade. Key point. Support - 3348, 3335, 3329 Resistance - 3354, 3362, 3371 Any Query Reach Us or comment down Rudra Vasaikar Wishes You A Great And Very Amazing Trading Life. Trade Safe, Trade Right. RISK WARNING 🔴 🔴 🔴 There is high risk of loss in Trading Forex, Crypto, Indices, CFDs, Features and Stocks. Choose your trade wisely and confidently, please see if such trading is appropriate for you or not. Past performance is not indicative of future results. Highly recommended - Information provided by Pro Trading Point are for Educational purpose only. Do your investment according to your own risk. Any type of loss is not our responsibility. HAPPY TRADING. #gold #xauusd #xauusdtrading #goldtrading #goldanalysis #forextrading #forex #trendline #goldsignals #goldnews goldlatestanalysis #xauusdtradesetup #forextradingguide #fxgold
TVC:GOLDLong
by rudravasaikarrr
silver in triangle breakout. Two possibilities. one is impulisveElliott Wave Analysis:- 1st possibility:- Silver is in a triangle breakout . if it is getting towards upside breakout then we have a nice opportunity of pullback and and we can add it if the pullback occurs. else we can enjoy this journey quietly. 2nd possibility:- Silver had already made a pullback towards down side breakout. Once it start the way it will fly towards downside and then it will complete a C wave in whole B wave then upside C wave will be impulsive. This type 2 will be discussed in next chart. I will post it as seperately chart for clear understanding . I am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
TVC:SILVER
by n0m0ret0ss