Trianglebreak
USDINR terminal move - 400 pip downmove likelyUSDINR had broken out a Triangle in the middle of Sep 21 . The subsequent move has been overlapping waves but counts well as an ending diagonal. This is a terminal move and has breached the Mar 20 high ending the larger degree pattern as well. Divergence is also developing at this high v/s previous highs. The move from 72 levels seems done and a reversal is on the cards.
When weakness sets in, it can take the pair to 73.75 level. Moves on completion of ending diagonals are quick heads to the origination of the pattern.
Target area is indicated.
As always keep stop losses to protect capital
ASTERDM - Weekly Analysis - Swing tradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
COALINDIA- Triangular pattern Hi everyone , hope everyone doing good. me too!!
So today I have come to show the pattern which formed on coalindia stock. it was triangular pattern and the Breakdown is happen today EOD , so as per that the bullish support candles will be form for upcoming days (may be 2-3). Lets check on may 5 or 6 , 2022. my analysis was made on 1 hour chart.
My 1st target was- 192rs
If it breaks the 1st target, 206rs is my final target. lets wait for sometime to see this.
Disclaimer: This was fully my own prediction and educational purpose only. not influencing to buy/sell this stock.
DEEPAKNTR Descending triangle !!NSE:DEEPAKNTR
#NSE:DEEPAKNTR formed beautiful triangle and all levels marked for practice.
Last month we have delivered good results to our friends and complete details shared.
Check my signature column, you will get all the details.
you can leave your feedback on this analysis and u can like too.
Happy LEarning !!
SBILIFEDear Traders,
We can see a great 10-15 % move in foreseeable future as, stock is making inverted head and shoulder pattern. Plus, it already has given breakout from Triangle pattern and after that it was hovering upside that means accumulation of stocks is also done by retailers like us. And in the last it broke today the neck line of former pattern. And along with these reasons we can see that volume is also confirming our theory so we can buy this stock.
Thanks you guys for support.
Gold seesaws inside fortnight-old triangle, focus on $1,878Gold prices have been in a choppy range between $1,915 and $1,950 since the start of April. In doing so, the metal observes a short-term triangle formation, suggesting a further sideways grind. However, sustained trading below the 200-SMA and sluggish oscillators keep sellers hopeful. That said, a clear downside break of the stated triangle’s support, around $1,920 by the press time, becomes necessary for fresh selling. Following that, a downward trajectory towards horizontal support from mid-February, near $1,878, will become imminent to appear on the chart. Though, the $1,900 threshold may offer an intermediate halt while February 15’s swing low surrounding $1,844 could challenge the bears afterward.
Alternatively, recovery moves remain elusive until the bullion stays below the $1,939-40 resistance confluence, comprising 200-SMA and the resistance line of the two-week-long triangle. Even if the gold buyers manage to cross the $1,940 hurdle, the late March swing high near $1,966 and February’s high of $1,977 will act as validation points for a run-up targeting the $2,000 psychological magnet. Also challenging the quote is March 10’s high near $2,010, a break of which will give control to the bulls.
INFOSYS - Triangle pattern breakout - Swing TradeThe analysis is done on hourly TF hence price may take hours to few days in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Timken Triangle Breakout ready to move out of channelTimken is moving in channel since Covid drop volumes looks returning
On weekly chart MACD about to give positive crossover.
Currently Broken out of Triangle and is in consolidation. It looks to be in 5 of 3 wave which should be sharp up.
Can go long near 2150-2050 range with SL 1905 for targets given in the charts which are 0.618 and 1 fibonacci extensions.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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