Triangle Pattern & Pure Price ActionAs we can clearly see, it gave a triangle pattern breakout then retraced to take support on earlier resistance and again trying to breakout. This can be a good opportunity.
Trianglebreak
Cadila HealthcareDear All,
I feel it is going to make a new 52 week high now,
It has already broken its long time resistance and perfectly bounced every time from its support line
Volumes are very high, Pharma sector as such is booming in covid 19
So my analysis is very strong on it
Note:- All the analysis only for educational purpose, please consult your financial advisor for any buy or sell
If you like the analysis do not forget to comment, like and share it
I shall update you on the next course of action soon
Thanking you
ICICI - Triangle BreakoutICICI triangle breakout given but has strong resistance at 387-388, Better to buy only above 388 for long targets. If SL hits then this trade would be for sale side...Targets on chart...
PVR - Triangle BreakoutPVR has triangle breakout and retraced 50% now hurdle at 61.8 to cross for upward move.... RSI is taking support of trendline... Targets on chart...
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
BD line will act as resistance line.
AC line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
Finally... Breakout is hereDespite the market sentiment being negative, this stock has finally given a triangle pattern breakout. Good intraday opportunity to capture good points.
PVR Entry above 1110 can look for 1150 & 1200Pullback above 1110 for 1150 & 1200 ( 15days View ) Do comment your Views
Tata Steel set for a long moveTata Steel has formed a cup and handle pattern, the handle looks like a triangle pattern. Stock gave a break out from the triangle and has come to re test the pattern. On successful test i see Tata to be at 400.
*For educational purpose only
Symmetrical Triangle and Parallel ChannelGo long after it breaks the triangle.
1. It is traded in the parallel channel, taking support downside should touch the upper channel.
2. Centerline is around 1400 which should be our target 1.
3. RSI near 60 range.
4. Good green volume to be considered.
5. After a long time, it left 10 SMA.
6. OI is build up fo Long
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
BD line will act as resistance line.
AC line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
ICICIBANK - LONG SETUPTriangle Pattern is formed and it has given a breakout today. Given, the bank nifty is positive, this can continue its upward trend.
Triangle Breakout!! TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
BD line will act as resistance line.
AC line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
BD line will act as resistance line.
AC line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
RAMCOCEM - LONG SETUPVery good spot to trade, since we can capture the initial momentum. This can breakout tomorrow if market is positive.
TRIANGULAR BREAKOUT & TRENDLINE SUPPORTAfter forming back to back red candles from last 9 sessions, stock has seen some profit booking today. Also taking support of the lower trendline it has given a breakout from triangular pattern.
It has also witnessed some strong OI today and a positive price change with strong OI clearly depicts long build up.
It could rally more for coming few sessions. Let's wait for some price action.
Keep a close watch on 15-VWAP for intraday!
Important support: 352-356 levels
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
Traingular breakdown - Pure price actionPrice action clearly depicts the strong bearish view for short term.
Prior to the failed breakout price action was quite bullish but after the breakout failed the stock has continuously made LH & LL which is a classical bearish price action. RSI confirms the strength of bears and weakness of bulls. Once the RSI falls below 40, one can expect a sharp fall with momentum.
Let's wait for some more price action as it could retrace. Trade with caution.
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
AC line will act as resistance line.
BD line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
BHEL LONG 30 min BREAKOUTBHEL has formed a bullish triangle pattern on the 30 min chart. This is very favorable trade in terms of RR (3.84:1).
Strategy:
Looking for breakout above the previous highs from the current levels.
Buy @ 41.5
SL @ 40.5
T1 @ 44.2
T2 @ 45.1
CONTAINER CORP LONGAnother 3:1 opportunity on CONCOR.
This is another bullish triangle breakout strategy.
Buy @ 430.5
SL @ 425 (previous low)
T1 @ 443
T2 @ 445 (near term high)
