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Trianglebreak

Symmetric Triangle for RelianceReliance NSE:RELIANCE has grabbed the headlines quite a few times for the last year. The price action seems to be more in action. In the last 9 months, it has formed lower highs and higher lows, thus establishing a symmetric descending triangle. The average volume is also decreasing. (Calm before the storm) The prior trend is a rising trend. Thus, its expected for the price to breakout in the upside after the triangle apex is getting closed. On 29th May, there is a bull flag pattern formation, which could be exploited for short term swing gains. 6th July to 16th August marked the formation of an inverse head and shoulder pattern and that too subsequently broke out on the upside to touch 2200. After this the price is again consolidating, to breakout in the future. Breakout can be known only after they occur, but as the prior trend was an uptrend, we think that prices can breakout on the upside. (This is not a stock recommendation, this is just an analysis of the various Price action pattern with a real time example. Do your own due diligence before a stock purchase. Open to ideas and discussions on the same)
NSE:RELIANCELong
by Robert_Oppenheimer
VSTTILLERS Good breakout of Triangle NSE:VSTTILLERS Levels are Mentioned in the chart... Good for Swing... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
NSE:VSTTILLERSLong
by tradingrhythm1