Atul Auto | MTF Fibonacci Confluence structuresWeekly Chart Analysis
– Drew a multi-timeframe Fibonacci from the 119.35 low (Mar ’20) to the 844.60 high (Oct ’24) on the Monthly time frame .
– Highlighted the 50–61.8% retracement zone (481.95–396.40) as an orange supply/demand area.
– Circles mark historical pivots where price reacted as support or resistance within this zone.
Key Observations
-Price consistently respected the 50–61.8% band during prior rallies and pullbacks.
-Recent price action formed a contracting triangle (CT) at the lower edge of the Fibonacci zone.
-Volume contraction noted inside the triangle, suggesting supply–demand equilibrium.
Disclaimer: This analysis is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and you should perform your own research and consider your risk tolerance before making any trading decisions.
Trianglebreak
TSLATSLA
CMP: $340
After nearly 4.6 years of sideways consolidation , TSLA has broken out and looks positioned to enter a new trading zone.
Support Zone : $300–336
Supply Zone (near-term resistance) : $385–428
With a 3-year perspective , the setup indicates potential for ~60% upside .
Stop Loss : $280 (to manage risk on this early entry).
The recent weekly triangle breakout supports the bullish view, though this remains an early and relatively risky entry with a tight stop strategy.
Nifty Entering Wave iv Pause Before Final Wave v Push?The current Wave structure indicates that Nifty has likely completed Wave iii, and is now expected to correct lower in Wave iv. This consolidation could provide a base before a final Wave v breakout toward new short-term highs.
**This is an educational market outlook, not investment advice. Please consult a SEBI-registered advisor before taking any investment decisions.**
Chart Study for CoalIndiaChart Pattern
Ascending Triangle Formation:
The price is forming higher lows, indicating buyer strength.
Resistance is near the ₹412–₹414 zone, with multiple rejections in this region.
A breakout above this level could lead to a strong upward move.
Indicators
RSI (Relative Strength Index):
Value: ~57.18 → Neutral to slightly bullish.
No overbought condition yet (over 70 is overbought), so upside room remains.
MACD (Moving Average Convergence Divergence):
Blue MACD line is slightly above the signal line → Bullish crossover.
Histogram is flat to slightly positive.
Wait for confirmed breakout (candle close above resistance with good volume).
Avoid early entries unless using tight risk management.
For Study Only
No positions implied or advised.
Good example of a textbook triangle, RSI-MACD convergence, and pre-breakout structure.
Can be used to learn:
How to draw support/resistance
Use of volume + indicators
Pattern breakout anticipation and validation
GMDCLTD GMDCLTD seems very strong on weekly charts. Shown strong momentum in recent trading days. And closing above 200 MA since last 5-7 sessions. Now if it closes above 385 then again it may resume its uptrend and may go up to 460 levels from here. 350 is very strong support. So closing below this may change my view
AKUMSAKUMS seems stronger and given triangle breakout. Volume is also very decent as its just 1st hour of trading and almost nr previous day volume. We may see momentum rally nearing 12-15% from here as long as its closing above this trendline it may continue to outperform. Risk reward is quite good. Result is on 26th may. Keep it on radar
Maruti: Bullish triangle breakoutA clean triangle breakout for MARUTI. The upside target is 13620, and the stop is below the upper triangle line.
The entry validates once it gives a breakout and tests the upper line in the lower timeframe, not less than 4 hours.
RSI also has space for this price to meet the projected level.
Setup – Watch This Triangle Breakout! 🔺 Nifty50 Triangle Breakout – Big Move Loading? 📊
📆 30th April | 15-Minute Chart
Nifty is tightly squeezed inside a symmetrical triangle, and a breakout or breakdown looks imminent!
🔍 Levels to Watch:
📈 Breakout Above: 24,371.60 → Possible Level: 24,395.20+
📉 Breakdown Below: 24,313.55 → Possible Level: 24,290.40-
📊 Volume is compressing – this usually signals a powerful move ahead.
Wait for clear candle confirmation with volume before entering. 🔔
💬 Patience pays. Trade the breakout, not the noise!
Let's talk about Patience !!This stock on the chart just looks flawless but in reality, it is a stock that will test your patience to at least get 50% returns. Price action wise it shows a very promising setup, in 2021 coming out of a 10 year consolidation and again consolidating for over 3.5 years. It has 50 MA support on monthly and currently looks good for a good returns.
CMP: 9.50
Target 1: 15
Target 2: 20+
Time frame: 0-2 years
Disclaimer: Trade at your own risk
HINDOILEXP - Triangle Breakout A short triangle pattern has been forming since October 2024, and today it broke out decisively with a strong bullish engulfing candle on the daily timeframe. Additionally, a morning star candlestick pattern is evident on the weekly timeframe, reinforcing the bullish outlook.
SBICards-Can it finally make a comeback?SBICards has been underperforming since last few years.
700-730 has proven to be a strong demand zone for the stock historically and looks like history is getting repeated.
950-1000 is a strong supply zone. Once it is broken, we can see this stock fly to new highs.
Currently, stock is a perfect example of buy low, sell high.
DYNAMATECH - Triangle Breakout and RetestView : Bullish
Entry Zone- 8221- 7400
Exit Zone - Based on Trader mindset. Exit 1 - 9000
Exit 2- 9400
Stoploss : Close below 7350
Timeframe: Weekly and Daily
Notes: Price consolidate since Feb 2024 and it forms wedge pattern. Not it breakout of the same and retest the resistance line. We can wait to enter until it form good green candle near black trend line.
* This is not a trading recommendation, for educational purposes only
UNIDT - Triangle Breakout in Weekly TimeframeView : Bullish
Entry Zone- 280- 240
Exit Zone - Based on Trader mindset. Exit 1 - 295
Exit 2- 310
Exit 3 - 350
Stoploss : Close below 228
Timeframe: Weekly
Notes: Triangle breakout in first week of december which has been consolidate since December 2023. Now price is near the breakout region and it my come inside triangle also. So do not buy at single instance.
SOUTHWEST - Triangle Breakout with all Hidden trendlinesView : Bullish
Entry Zone- 157- 162 (Triangle break and hidden trendline break)
Exit Zone - Based on Trader mindset. Exit 1 - 188
Exit 2- 215
Exit 3 - 240
Stoploss : Black color Trendline.
Risk/Reward Ratio: 1:1, 1:2 and 1:3
Timeframe: Daily
Notes: Triangle pattern breakout along with hidden line breakout. Price consolidates since Sep 2021.
* This is not a trading recommendation, for educational purposes only