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Triangle

Symmetrical Triangle Breakout: PTC INDIA LTD (PTC)PTC INDIA LTD is showing strong bullish momentum. The price is above key moving averages, and the RSI is in a bullish zone. The MACD is also indicating a bullish trend. Additionally, the chart is forming a symmetrical triangle pattern, which could lead to a significant breakout. - Strong Breakout Candidate - Sym. Triangle Pattern BO - Strong Bullish Momentum - Massive Volume Buildup - Long range accumulation - Looks ready for 260/280/300+ Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions
NSE:PTCLong
by supertraders_india
NEWGEN - Symmetrical triangle Breakout -DailyName - NEWGEN Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 1191 Can test - 1337 SL - 1090 Always welcome for any comments with your feedback or give it a like if you find it useful. Here’s a summary of Newgen Software Technologies Ltd’s Q1 FY25 results: Financial Highlights Revenue: Newgen reported a revenue of INR 315 crore, marking a 25% increase year-over-year (YoY) from INR 252 crore in Q1 FY24. Net Profit: The net profit for the quarter stood at INR 48 crore, up by 58% YoY compared to INR 30 crore in the same period last year. Revenue Breakdown Annuity Revenue Streams: INR 201 crore from ATS/AMC, support, and cloud/SaaS and subscription licenses. Product/License Sales: INR 45 crore. Implementation and Others: INR 68 crore. Operational Highlights New Customer Additions: 13 new customer logos were added during the quarter1. New Product Launch: Introduction of Newgen LumYn, a Gen AI-powered hyper-personalization platform designed specifically for the banking sector. Recognition Gartner Recognition: Newgen was recognized in the Gartner Market Guide for State and Local Government Grant Management Solutions1. Newgen’s strong performance in Q1 reflects robust revenue growth and significant profitability improvements, driven by new customer acquisitions and innovative product launches. ========================================================================== Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NSE:NEWGENLong
by VCharts_TA
OBEROIRLTY - Symmetrical triangle Breakout - DailyName - OBEROIRLTY Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 1814 Target - 2140 SL - 1767 Always welcome for any comments with your feedback or give it a like if you find it useful. Analyst Ratings TradingView: Based on 21 analysts, the overall rating is neutral. The price target ranges from INR 1,175 to INR 2,350. Morningstar: Oberoi Realty is considered fairly valued with a current price of INR 1,784.64 and a fair value estimate of INR 3,142.13. Yahoo Finance: Provides detailed analyst estimates, including earnings and revenue projections. Key Metrics Price to Earnings (P/E) Ratio: 30.39 Price to Book (P/B) Ratio: 4.48 Price to Sales (P/S) Ratio: 12.43 Here’s a summary of Oberoi Realty Ltd’s Q1 FY25 results: Financial Highlights Net Profit : Oberoi Realty reported a net profit of INR 584.51 crore, an impressive 82% increase from INR 321.64 crore in the same quarter last year1. Revenue : The revenue for the quarter rose by 54% to INR 1,405 crore. EBITDA : EBITDA saw a significant rise of 72%. Operational Highlights Sales Volume: The company achieved strong sales volume, contributing to the overall revenue growth2. Project Launches: Successful project launches and ongoing projects have driven the financial performance1. Comparative Performance Quarter-over-Quarter: Compared to the previous quarter, revenue grew by 6.87%, although profit decreased by 25.83%3. Outlook The strong performance in Q1 sets a positive tone for the rest of the fiscal year, with expectations of continued growth driven by robust project pipelines and market demand.
NSE:OBEROIRLTYLong
by VCharts_TA
BANDHANBNK - Symmetrical triangle Breakout - DailyName - BANDHANBNK Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 207 Target - 242 SL - 203 Bandhan Bank’s Q1 FY25 performance: Financial Highlights Net Profit: Bandhan Bank reported a net profit of INR 1,063 crore, a significant 47% increase from INR 721 crore in the same quarter last year1. Net Interest Income (NII): The NII grew by 21% YoY to INR 3,005 crore1. Net Interest Margin (NIM): The NIM for the quarter was 7.6%, up from 7.3% last year1. Analyst Ratings Jefferies: Upgraded Bandhan Bank to “Buy” from “Underperform” with a target price of INR 2401. Nomura: Downgraded Bandhan Bank to “Reduce” from “Buy” with a target price of INR 1751. Consensus: The average target price from multiple analysts is around INR 2192. Intrinsic Value The intrinsic value of Bandhan Bank is estimated to be around INR 399.13, suggesting a significant upside from the current market price3. CRISIL Ratings CRISIL has reaffirmed its ratings on Bandhan Bank’s outstanding debt instruments at 'CRISIL AA/Negative/CRISIL A1+' Always welcome for any comments with your feedback or give it a like if you find it useful.
NSE:BANDHANBNKLong
by VCharts_TA
LTTS - Watchlist - Ascending triangle - Cup and handle -Wkly LTTS - Forming Ascending triangle and cup and handle patterns on weekly charts. Need to close above 5890 for breakout, which can test 8000 levels in a 6 to 12 month timeframe. We can have it in watchlist for next week. Strengths The company is virtually debt-free. The company has a good ROE track record of 27.20%. The company has delivered average profit Growth of 23.19% in the last 3 years. The company has delivered good income growth over the past 3 years of 20.47%. The company has effective cash conversion ratio of 106.58. Always welcome for any comments with your feedback or give it a like if you find it useful. in.tradingview.com
NSE:LTTSLong
by VCharts_TA
2
LT continues its consolidation phase within the symmetrical triaAs LT continues its consolidation phase within the symmetrical triangle formation, traders should closely monitor the price action around the key levels of resistance at 3700 and support at 3500. A breakout above 3700 could signal a bullish trend, potentially leading to higher targets, while a breakdown below 3500 might indicate further downside risk. Keeping an eye on volume and momentum indicators as the price approaches these boundaries can provide additional insights into the potential direction and strength of the move.
NSE:LT
by TradePatternsLikePro
Looking bright- Andhra Paper Andhra Paper has commissioned a tissue-making unit from a Norwegian company. The overall pulp and paper production at Rajamundary and Kadiyam has been enhanced and upgraded during the recent illegal strikes. The new capacity on board shall contribute to an increase in revenue (top line), and the bottom line shall show a proportional increase once efficiencies start to materialise. If the planned capital expenditure for tissue also works out as intended - based on sales - margins shall only improve, given that it is a fast-moving consumer good (FMCG) with a short shelf life.
NSE:ANDHRAPAPLong
by liondewarangal
CANFINHOME - The Ascending Triangle PatternCan Fin Homes Ltd has recently exhibited a notable range-bound movement, forming an ascending triangle pattern that highlights its price consolidation phase. The stock oscillated between key price levels, with a significant high of 938 on July 1st and a low of 680 on June 4th, before peaking at 909.80 on July 25th. This range-bound behavior reflects a period of accumulation and steady buying pressure, as the price repeatedly tests the horizontal resistance while respecting the upward-sloping support line. This consolidation phase is crucial as it sets the stage for a potential breakout, indicating that the stock is gearing up for a significant directional move. The pattern suggests that investors are increasingly optimistic, with the price confined within these key levels, paving the way for future volatility and trading opportunities. In this analysis, we will explore three key trading strategies for CANFINHOME based on the recent ascending triangle pattern. First, we will examine the Breakout Strategy, which capitalizes on the price movement once it surpasses key resistance levels. Next, we will discuss the Pullback Strategy, focusing on entering trades during price retracements to the breakout level. Finally, we will consider the Breakdown Strategy, which prepares for a potential bearish reversal if the price falls below critical support levels. Each strategy will be detailed with entry points, stop losses, and targets to help you make informed trading decisions. In this analysis, we will explore three key trading strategies for CANFINHOME based on the recent ascending triangle pattern. First, we will examine the Breakout Strategy, which capitalizes on the price movement once it surpasses key resistance levels. Next, we will discuss the Pullback Strategy, focusing on entering trades during price retracements to the breakout level. Finally, we will consider the Breakdown Strategy, which prepares for a potential bearish reversal if the price falls below critical support levels. Each strategy will be detailed with entry points, stop losses, and targets to help you make informed trading decisions. Breakout Strategy: Entry Point: For an optimal entry, consider buying above 914 as an early signal or above 938 for a regular entry. This indicates a confirmed breakout from the ascending triangle pattern, signaling strong bullish momentum. Stop Loss: Place your stop loss just below the support level of 838. This precautionary measure helps safeguard against potential reversals or false breakouts. Target: Set your price target around 1196. This level is calculated by adding the vertical height of the triangle to the breakout point, reflecting the expected upward movement based on the pattern. Rationale: Entering at 914 or 938 allows you to capitalize on the upward potential following the breakout. With a stop loss at 838, you manage risk effectively. The target of 1196 aligns with the pattern’s projection, maximizing your profit potential. Pullback Strategy: Entry Point: Look for a buying opportunity during a pullback to the breakout level around 914 or the support level of 903.85. This approach leverages a temporary price retracement to secure a more advantageous entry. Stop Loss: Position the stop loss below the support level of 838 to mitigate risk in case the pullback evolves into a deeper correction. Target: Maintain the target at approximately 1196, consistent with the breakout strategy. Rationale: The pullback strategy offers a chance to enter at a better price while confirming the validity of the breakout. The stop loss below 838 provides protection against significant losses, and the target of 1196 remains aligned with the anticipated price movement. Breakdown Strategy: Entry Point: If the price drops below the key support level of 838, consider this a breakdown of the ascending triangle pattern. This shift indicates a bearish reversal and a potential shift in market sentiment. Stop Loss: Set the stop loss above the support level of 838 to prevent substantial losses if the breakdown proves to be a false signal. Target: For a breakdown scenario, the target will need to be adjusted based on new technical analysis of lower support levels. Immediate downside targets should be reevaluated as the situation unfolds. Rationale: The breakdown strategy addresses the possibility of a bearish reversal when the support level is breached. The stop loss above 838 helps limit potential losses, while the target will depend on further analysis of the emerging support levels. Conclusion : The ascending triangle pattern for Can Fin Homes Ltd indicates a bullish outlook with a potential price target of 1196 if the breakout is confirmed. The breakout strategy aims to capture the upward trend, while the pullback strategy provides an opportunity to enter during a retracement. Conversely, the breakdown strategy prepares for a potential bearish scenario if the support level is breached. Each strategy includes specific entry points, stop losses, and targets, offering a comprehensive approach to trading based on the pattern’s analysis. Disclaimer : The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Trading and investing in the stock market involve risk, and you should consult with a qualified financial advisor before making any investment decisions. The author and the publisher are not responsible for any losses or damages that may occur as a result of using the information provided in this article. Past performance is not indicative of future results. Always conduct your own research and due diligence before making any investment decisions. *** Hint*** Use a buffer at entry to avoid false breakout
NSE:CANFINHOMELong
by ruelfernandes
Ascending Triangle in formation. Price Action: 1. **Ascending Channel**: The price is still moving within an upward sloping channel. Currently, the stock seems to be testing the lower trendline of the channel, which has served as support in the past. A break below this level could lead to a deeper correction, while a bounce off this support could trigger a rally toward the upper end of the channel. 2. **Downtrend Line**: There is a descending trendline acting as resistance for the recent price action. This line connects the peaks from July 2023 onward. If the price breaks this resistance, it may signal the continuation of the bullish trend. 3. **Volume**: The volume bars show a spike in recent sessions, indicating increased activity. This could be a sign that the stock is approaching a pivotal point. If the price breaks either above the descending trendline or below the channel, this volume could support the momentum in that direction. ### RSI: 1. **Current RSI**: The RSI is around 52.79, close to the neutral zone. This indicates that the stock is neither overbought nor oversold at the moment, but the RSI is still following a downtrend line, meaning the momentum is not strongly in favor of the bulls just yet. ### Potential Scenarios: 1. **Bullish Scenario**: If the price can break above the descending trendline, it might resume its uptrend within the channel. The target would be the upper boundary of the channel, around ₹220-₹240. The volume increase supports this possibility, but the RSI trendline needs to be broken for stronger confirmation. 2. **Bearish Scenario**: A break below the lower boundary of the ascending channel would invalidate the bullish trend. This could lead to a more significant downside move, with potential support around ₹150-₹160. The RSI divergence could further support this breakdown scenario. ### Conclusion: L&T Finance Ltd. is at a critical point, balancing between its support and resistance levels. The next few trading sessions will be key in determining the direction—whether the stock breaks out above the downtrend line and continues upward or breaks down below the channel and sees a correction. Posted for my own analysis as I learn to trade based on the technicals.
NSE:LTFLong
by brijmohan_h
Bank Nifty - Sep 11Price was moving within a range and formed an ascending triangle. And also price is at trend line support. Pattern : Support/Resistance, triangle. Range : Medium. Trend strength : Normal. Buy Above : 51320. Stop Loss : 51240. Targets : 51400, 51480, 51560, 51640 and 51760. Sell below : 51140. Stop Loss : 51220. Targets : 51060, 50980, 50880, 50800 and 50720. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:BANKNIFTY
by vanathi
20