Trianglebreak
MPHASIS getting ready for Triangle pattern BONSE:MPHASIS Can look for trade after triangle pattern breakout... Safe players can enter the trade on retracement with strict SL.....
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. Learn before executing the trade..
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Note: Reposting since my earlier post is hidden due to contact info added in wrong area.
Bajaj Consumer Trading Idea
Breakout from ascending triangle. About 7x volumes on breakout. Stock has had good delivery volumes as well.
Enter above 200
T1 : 218.5
T2 : 238
SL : 185
Not a very exciting risk-reward ratio but given the clear breakout with good delivery volumes as well as a moving average golden cross, I believe it is a good trade.
Thanks!
HindPetro Harmonic Triangular Pattern The chart Explains that it is bullish is it crosses 219 level and buy entry activates..
the trade management can done like one can start selling 263/293/311/332/382 and 445 level
SL will be 202.
If the Script comes down then sell below 202 with a SL 219 and target of 131
Also note this an undervalued script and high chance to perform from this point.
💡Ascending Triangle in ZECUSD - "Learn More Earn More" With USAscending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering the market
and buying pressure increases as price consolidates moving further towards the apex.
An ascending triangle is classified as a continuation chart pattern .
If price can break through the resistance level, that level will now act as a support level.
Breakouts can also happen in both directions. Statistically,
upward breakouts are more likely to occur, but downward ones seem to be more reliable.
In most cases, the buyers will win this battle and the price will break out past the resistance.
But Sometimes the resistance level is too strong,
and there is simply not enough buying power to push it through.
Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order above the resistance line and below the slope of the higher lows .
TARGET:
Target is approximately the same distance as the height of the triangle formation.
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