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Trianglebreak

Reliance - Wait for the levels 💲💲 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. <<<<<>>>>>
NSE:RELIANCELong
by Averoy_Apoorv_Analysis
2
AMARAJABAT - Good long only in the unmessy areaI JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :) 💲💲 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. <<<<<>>>>>
ALong
by Averoy_Apoorv_Analysis
3
Symmetrical triangle (coils) (continuation pattern) Prints when the market is indecisive. Price market higher lows & lower highs. It is the situation where supply and demand are near to equal. The trading range becomes smaller and smaller within the triangle. It represents a pause in the exhausting trend after which the original trend is resumed. 1) The minimum requirement for a triangle is four reversal points. Many have 6 point requirements but at least four points. 2) In a symmetrical triangle, we get apex where two converged trend line meets. Apex also works as a very important support & resistance. Sometimes a return move will occur back to the penetrated trend line after the breakout occurs. 3) Duration: A minimum duration of 3 weeks and it rarely exceeds 3 or 4 months long. (less than 3 weeks of duration likely to be a pennant formation, not a symmetrical triangle) 4) Volume: Narrow volume within the triangle. Very low before the breakout. 5) Breakout: Price closing below the lower rising trend line confirms the breakout or Price closing above the upper falling trend line confirms the breakout. The direction of the break in the pattern can only be confirmed after the break has happened. Either Up or Down. 6) Buy: Buy the Stock a day after Price closing above the upper falling Trend line. Sell: Sell or short the stock day after Prices closing below the lower rising Trend line. 7)Target: – The technical price target is to measure the widest distance of the symmetrical triangle, Add the distance to the upper trend line breakout price for a buy target or Subtract the distance from a lower trend line breakout price for obtaining a covering price. 8) SL: usually, price closing above falling upper trend line is a Sell stop loss or price closing below rising bottom trend line is a buying stop loss. But very often, the gap between breakout price and trend lines is very wide. Or Stop: "Symmetric triangle" failures occur when price results in false breakouts. Stop below the first major "swing low" below the trend line for a long setup. Place a "stop" order above the first major swing high from the trend line for a short-setup. 9) Alert: To receive a valid signal, a closing price has to be above the resistance line or below the support line. The more the price moves to the very end of a triangle, the weaker will be the breakout in either direction. 10) Symmetrical triangle has two merging trend lines. For this formation, at least two peaks and two valleys are necessary. To reduce false breakouts, investors should wait until there are either three peaks and two valleys or three valleys and two peaks. With this approach, however, it is possible to completely miss a trend, How to avoid fake outs? 1. 200 EMA confirmation 2. Use trail SL
NSE:SBINEducation
by Trade-Technique
5
#1 NAUKRI - Invested 1L in it lets see | Part-1💲Thanks for 500 Followers guys💲 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis and Real-time trades that I take too :) 💲💲 🔰MY entry: 4820 ( 1 L invested with a risk of 5% ), I believe in my system and follow the process thus risk-reward is based on the edge of my system. So that's invariant 🔰I too am a learner and would love to learn with you all :) 🔰Well, this is a transparency series created by me, here I will take the trades and then post them, will also tell how much I invested in it and what are my targets, when I exited, what were my returns, or did the SL got hit. These trades are under the guidance of my mentor and as per my risk-reward ratio, This is no call just being transparent with you all :) ➼Don't blindly take the trade focus on the process first then step into the trade ➼Define your risk first then trade ➼If your setup of trading and mine matches then it's awesome we think the same :) 🔰 {Some info} - updated ➼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. ➼Guidance: The Madras Trader <<<<<>>>>>
NSE:NAUKRILong
by Averoy_Apoorv_Analysis
11
GMDCLTD - BULL RUN 💲💲 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. <<<<<>>>>>
NSE:GMDCLTDLong
by Averoy_Apoorv_Analysis
L_TFH - Long term view | WATCHLIST STOCK #1A Breakout from the upper trendline = a decent up move for weeks and months can be seen on an overall basis . WATCHLIST STOCK The pattern I see is a triangle pattern :) on week chart 💲💲 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. <<<<<>>>>>
NSE:LTFLong
by Averoy_Apoorv_Analysis
Analysis done at 145 - Now at 165 | Trade reviewCharts speak more than my words now here : low risk setup ;; huge rewards :) 💲💲 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. <<<<<>>>>>
NSE:COALINDIALong
by Averoy_Apoorv_Analysis
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