Trianglebreak
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)
COLPAL- Triangular breakout NSE:COLPAL
After a big rally seen in pharma sector which is now taking a pause and FMCG stocks on the other hand giving good upside moves after a consolidation depicts that the momentum has now been shifted to FMCG sector which can been significantly noticed by seeing the price action in CNX FMCG.
After a big move in Britannia and HUL, also ITC. Price action in COLPAL clearly depicts a bullish triangular breakout with good volumes for which RSI and RS confirms the charge of bulls over bears. Hence, a good upside move can bee seen in a short term span. One can play a good swing.
NOTE: The probablity of stock sustaining above breakout level becomes good only when nifty (index: overall sentiment) supports it. For a short term nifty seems to be a little weak which can drag the stock back gain in the pre-breakout zone (failed breakout). So probably wait for some more price action and trade with caution.
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
POSSIBLE TRIANGLE BREAKOUT @ TATAMOTORS.The breakout could occur from triangle or the stock can stay range bounded for some days. Watch MACD, the stock is likely to move up or down in upcoming days.
IBULHSGFIN - Deja Vu ?Go long above 133 with SL at 128
Short below 128 with SL at 133
I would prefer taking long trades !
Ascending Triangle On National Aluminium.Today the National Aluminium has broken out from the Ascending Triangle .
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The volume is comparatively high.
The quarterly results are positive too.
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Now the breakout has happened, the previous resistance will act as a support 35.00
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This is a good chance
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Ignore the RSI
Shriram Transport Conditional Short @693 Possible Shriram Transport breaks down the 693 level today. We will initiate short below @693 for the final targets of 677 667 & 661.
TVS Motor will be a BUY only if (Stock for 7th July 2020)The RSI is also in the overbought (>70) zone and hence once it rechecks the marked level in the chart one can easily take a BUY call.
Target : 3%
Risk : 1%
Risk : Reward : 1:3.
Will keep updated here. Do follow to keep motivating you !
Also you can follow me on Quora (Jago Niveshak )where I will explain the whole setup and levels to BUY for two stocks for 7th July 2020
Techm Buy SetupTechm gave a triangle breakout and then retested.
Now again trying to go up with support of 519
Buy at CMP 568
Targets as per Fib ratio on the chart
Trail once move in our direction
Siemens: a triangle breakout! A breakout in the bullish side, It will keep going up and if there is a retest immediately, use that for an entry point!
AXIS BANK is set for a breakout in UPTREND (Monday)Hi , I have added all the rules in the chart , please follow to reap profits.
HUL is at the support and is making a bearish reversal soon.Hi , thanks for watching the post . Please like and comment if you have any doubts in the analysis.
Coal India is Bullish after looking at 4H ChartPlease refer the image as I have mentioned all the levels of retest and target , go accordingly and follow the rules to proceed.
BHARTI AIRTEL has broken out the triangle pattern Please refer the image as I have given the levels of retests and rules. Follow them for a successfull trade.
TATA MOTORS is going to be a Positive stock (Monday)I have added all the necessary points in the chart , please refer and ask any doubts apart from that.
Regards,
-Abhishek
SUNTV is all set for a breakout from a traingle pattern (3rd Ju)I am expecting a bullish move from here with atleast 1% in targets with futures lot.
LUPIN - SYMMETRCAL TRIANGLENSE:LUPIN
TRADE IN THE DIRECTION OF RSI BREAKOUT
WAIT FOR BREAKOUT OF THE TRIANGLE
ONLY FOR EDUCATIONAL PURPOSE
