Get started

Triangle

TATA CHEMICAL WEEKLY TRIANGLE BREAKOUT A triangle breakout is a significant event in technical analysis, indicating a potential continuation or reversal of a trend. Here’s a concise overview: Types of Triangle Patterns Ascending Triangle: Characterized by a horizontal upper trendline and an ascending lower trendline. A breakout above the horizontal line is typically bullish. Descending Triangle: Features a horizontal lower trendline and a descending upper trendline. A breakout below the horizontal line is usually bearish. Symmetrical Triangle: Both trendlines converge symmetrically. A breakout can occur in either direction, depending on the preceding trend1. Trading the Breakout Entry Point: Traders often enter a position when the price breaks through the trendline with significant volume. Target Price: The target is usually set by measuring the height of the triangle’s base and projecting it from the breakout point2. False Breakouts: Be cautious of false breakouts, where the price breaks the trendline but then reverses back into the triangle
NSE:TATACHEMLong
by Faizgazi
Tata Steel Swing Idea (Long)Tata steel might give breakout due to following technical reason's: 1. Double bottom formation 2. Trading above 200 & 20 EMA's 3. Symmetrical Triangle formation 4. Swing Low's are not broken 5. On Monthly pin bar formation, weekly double pin bar break out on progress (Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:TATASTEELLong
by GauravPrasad_GP
BABA - Symmetrical triangle breakout -Daily - LongThe pattern in the Alibaba (BABA) chart looks like a symmetrical triangle breakout, not a descending wedge. Here's how it aligns: Symmetrical Triangle: This pattern consists of converging trendlines, where both the highs and lows are moving towards a point, forming a triangle. It typically indicates a period of consolidation before the price breaks out, either upward or downward. Breakout: In this case, the price has broken out upwards from the symmetrical triangle, which is often a bullish signal when seen in an uptrend or after a prolonged period of price consolidation. Measured Move: The target price is calculated by measuring the height of the triangle and adding it to the breakout point. This gives a potential target around $157.21 as marked on the chart. Volume Confirmation: The breakout is supported by a surge in trading volume, which helps validate the breakout's strength. In summary, the symmetrical triangle breakout suggests a continuation of the bullish momentum, with key targets around $117 (first target) and $157 (second target).
NYSE:BABALong
by Vem_TA_Charts
GOLD - LongThe chart analysis for Gold (CFDs on Gold, US$/Oz) shows a breakout pattern indicating a strong upward movement. Key observations include: Long-term Ascending Triangle: The chart depicts a long-term ascending triangle, a bullish continuation pattern, indicating a potential further rise. Breakout and Target: A breakout from the triangle suggests a target price of approximately $3,142.47, which represents a move of about 45.60% from the recent level of $2,648.66. Support Levels: Historical support levels are clearly visible, with $720.67 and $250.23 as key areas where price consolidated in past decades. This suggests that gold is in a strong upward trend with bullish sentiment, especially following the breakout from the long-term triangle. The price target and volume indicate possible further gains. For deeper analysis, one could evaluate macroeconomic factors, such as inflation, central bank policies, and demand for safe-haven assets like gold.
TVC:GOLDLong
by Vem_TA_Charts