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Trianglebreak

SRTRANSFIN - Price Action Study 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
SLong
by Averoy_Apoorv_Analysis
2
APLAPOLLO,TRIANGULAR BREAKOUT, PRICE-ACTION,VOLUME-PROFILE 1DDisclaimer -: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile -: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case Firstly NSE:APLAPOLLO has been rising smoothly for a long while now. In between small accumulations have taken place, marked in violet regions where volume was significant as shown by volume profile. Recently a triangular pattern was spotted with trend lines tested at least 3 times (4). As a result those are strong trend lines and if broken have a nice chance to continue the up-move. Recent volume inside the triangular region , marked in violet in volume profile is not so high compared to the volume that happened during huge accumulation which confirms that the current region was a pause and not a distribution. If it were distribution we would have a huge selling volume at least of the previous accumulation magnitude. TO SUM UP 1. Triangular pattern in 1D timeframe with trendlines tested at least 3 times 2. Previously a nice uptrend 3. Current region is just a pause 4. So continuation of trend expected after the breakout. TARGET WITH LOGIC 2-3 accumulations have happened since the uptrend started. Regions marked in violet. So since the current volume is comparable to region between 15Oct-8Dec 2020, it makes sense to assume that the trend continuation will be longer than what happened since then because there has been another accumulation 1Jan-2Mar 2020 after that. That is more the accumulation, greater the strength, so the more the move. So I used a Fib Extension from that level till now and chose a 168% as target. But this target is above all-time-high so its a provisional target level. Entry Confirmatory breakout above 1400 level in 1H timeframe or as per your strategy. But confirmatory breakout above the 3 times tested trend-lines is mandatory and less riskier. Stop-loss A conservative stop-loss will be better since the triangle is a very narrow one. Since 1050 is a nice support levels and just above the previous accumulation during 1Jan-2Mar 2020, so i would prefer the stop-loss around that level. EXIT Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit Note-: it gave a nice breakout recently in 1H timeframe and has retraced a little. For those who are already in, it seems like breakout was not fake and there is high chance the breakout will continue since the retracement was weak on price action and volume For those who haven't taken position wait for the next breakout to avoid unnecessary risk. **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMPS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:APLAPOLLO
NSE:APLAPOLLOLong
by VPA_TRADER
Deepak Nitrite : Excellent Risk Reward Swing OppurtunityNSE:DEEPAKNTR has broke out of ascending triangle and made a retest. The stock is currently at support level (Previous resistance) and is also taking support from the trendline which is a confluence. There is a good chance the stock might reverse from here and test all time high. Conservative traders can wait for a green candle formation at this level which adds another confluence of double bottom. The stock is consolidating for nearly a month and has good chances to rally from here. This is just my view ,please follow your trade plan and risk management before initiating any trade.
NSE:DEEPAKNTRLong
by TheAspiringTrader
Adani Power - Ready Set GO !!🔰 MY thought process : ⭐Symmetrical pattern BO again at monthly resistance 🔰Am I taking this trade now: Already in it :) 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ADANIPOWERLong
by Averoy_Apoorv_Analysis
9
TATA COMMUNICATIONS - Triangle Breakout strategy (June & July)TATACOMM successfully broken the Triangle pattern and heading towards its targets as mentioned in the chart. Its better to enter after the retracement happen in the current uptrend for a profitable entry. Please make sure that RSI should be above the trendline for double confirmation at the time of entry. Kindly share your valuable thoughts. Disclaimer: Please do your own analysis before taking any trade. This view is for educational purposes only.
NSE:TATACOMMLong
by natarajanshankar
NMDC👉NMDC has successfully broken the triangle and retesting at the support. 👉We could see an effective upper side movement by bulls in upcoming days. 👉Great buying opportunity Don,t miss it. Analyse more and take your position after the retest is successful. 👉If it doesn't break the support we could have a huge profit. 👀Keep an eye 👀 Volume ✔️ Technicals✔️ Financials✔️ Overview ✔️ Fundamentals: ▪️Stock passes majority of CANSLIM investment criteria. ▪️Growth in Net Profit with increasing Profit Margin. ▪️Company with low Debt. ▪️Increasing profit every quarter for the past 3 quarters. 👆Follow for more alerts👆 😊Happy Trading 😊 Note:Patience is a key to success. Disclaimer: This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible of any profit or loss.
NSE:NMDC
by suraj_819
3
DIXON Technologies Triangular patternNSE:DIXON Levels are Mentioned in the chart... swing trading... 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:DIXONLong
by tradingrhythm1