Trianglebreak
Triangle Pattern Breakout in Canara Bank1. Canara bank has given a breakout from the triangle pattern with decent volume
2. Its next target is mentioned in the chart itself
3. The target was a strong support before 2020, which is now going to act as a resistance.
4. Can be a good pick for swing trade.
Triangle Pattern Breakout in NIFTY expected 17480+ New High.In last trading session, Nifty gives breakout of triangle pattern. After this breakout possible NIFTY will continue its bullish rally and expected new high 17480+ in next few trading session. Can go long in NIFTY with very small stop loss at 14320 for target of 17435 to 17480+
Zomato - Zooms "Triangle Breakout" SWING TRADING
This break out trade can take the price even higher,
Get perfect entry, either in retracements or if it moves still higher grab the opportunity.
Target 1: 165
Target 2: 170,175,180
Note: It would be better if you entered before the moment achieved, Grab the opportunity if you get a retracement or any type of price action.
ANGEL BROKING TRIANGLE AND ICHIMOKU BOtriangle and ichimoku cloud breakout can be seen in angel broking. a small stoploss for those who dont want to take the risk. as always, the stoploss is daily closing basis and the targets are marked on the screen. i would prefer buying above 1245.
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)