Long in Oil India With SL 377
Triangle Breakout Might continue Previous Rally
and that is how Market runs ...
Rally-Consolidation-Rally
Risk Disclaimer - Trade at ur own Risk
A symmetrical triangle chart pattern is a technical analysis pattern formed by converging trendlines, creating a triangle-like shape. It typically signifies a period of consolidation or indecision in the market, with decreasing price volatility.
AFFLE INDIA LTD
1) Time Frame - Monthly.
2) Downtrend strong triangle pattern breakout.
3) Next target would be Previous All Time High - 1511.
4) Recommendation - Strong Buy
NSE:NELCO about to breakout from triangle, It has already given Ichimoku Breakout with 10 EMA crossing above 50 EMA along with MFI crossing 80.
Good entry looks above 810 for target 955
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion...
DLF is in bullish mode for long term. It form triangle pattern and break out also done. It is in accumulation zone 490-390. Target for long term would be 633-777-977.
The stock of Poonawala fincorp has been consolidating in an ascending triangle pattern since end of 2021.
Currently, the stock is trading above its previous all time high of around 343.8
Buying at the top is always risky so keep this stock in watchlist and enter at a retest of 320 levels or as per your own risk reward.
Idea is shared for educational purposes.
Company: INOX WIND LTD.
NSE SYMBOL: NSE:INOXWIND
Chart Analysis: Daily Chart
Pattern Identification: Double Bottom & Symmetrical Continuation Triangle (Bullish)
The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend.
The price has broken upward out of...
Consolidation days : 225+ days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
Last week the price gave a momentum derived breakout of the triangular pattern. This breakout should end the long time consolidation in the stock. Now we have to wait for a breakout of the resistance level of 315. The breakout of 315 will initiate the uptrend. Potentially the price can test its high of 516, which is 64% from the breakout level.
EMA Bands: Both...
