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Trianglebreakpattern

CCL Products (India) Ltd Looks Good!Script - NSE:CCL Pattern: Symmetrical Continuation Triangle The recent price movement indicates a breakout from a consolidation phase, signaling a probable continuation of the previous uptrend. In a Bullish Symmetrical Continuation Triangle, there are two trendlines converging as prices form lower highs and higher lows. During this consolidation, trading volume typically decreases as the price fluctuates within a tightening range, reflecting uncertainty among market participants. However, prior to the triangle's apex, there's a significant breakout above the upper trendline accompanied by a notable surge in trading volume. This breakout confirms the pattern as a continuation of the uptrend observed before the consolidation phase. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:CCL
by hardeepssethi
Zee Media Corporation - Triangle Breakout on Monthly Time FrameThe stock is forming a strong triangle breakout on the monthly time frame, with solid support being held at the green trendline, which has served as a foundation for the price action. A second elevated green trendline shows that buying momentum has accelerated recently, indicating stronger demand. The red line marks a significant counter-trendline, while the white dotted line highlights a hidden resistance, which could offer short-term resistance. However, a breakout above these levels could lead to a powerful move upward. One of the most notable features of this chart is the cluster of increasing volumes over time, indicating accumulation. These volumes suggest that market participants are stepping in with conviction, and the steady rise in volume reinforces the potential for a continued bullish trend as the stock approaches key resistance levels.
NSE:ZEEMEDIALong
by Averoy_Apoorv_Analysis
2
1: 3 Risk to Reward - ORISSA MINERALSPrice is respecting the trendline from October 2023 and it breakout the Triangle at 18 June with huge volume. Now the price is retesting the former resistance line which turned into support now. Also, it seems price will form good Morning star by this weekend. We can expect it will go to 9000 Rs which is All Time High of this stock. Please like and share if you like this idea. Chart is Self Explanatory. I am not SEBI registered advisor and all Ideas posted by me are for Educational Purpose.
NSE:ORISSAMINELong
by Breakout_Spotter
Bottom Triangle - Bottom Wedge FormationBased on the Daily Chart of DELHIVERY , it seems that the price of a particular security has reached a bottom and is showing signs of a reversal. This reversal is indicated by the breaking upward of the price after a period of uncertainty or consolidation. The pattern known as a Bottom Triangle, consists of two converging trendlines. The upper trendline connects the lower highs, while the lower trendline connects the higher lows. This pattern reflects a narrowing range of price movement, indicating increased uncertainty in the market direction. During this period of uncertainty, the trading volume typically diminishes as traders become hesitant. However, just before the triangle reaches its apex (the point where the two trendlines converge), there is a noticeable increase in volume. This increase in volume, combined with the price breaking above the upper trendline, confirms the bullish nature of the pattern. It suggests a reversal of the prior downtrend, indicating a potential upward movement in the price. It's important to note that without specific information about the security in question, it's difficult to provide a more detailed analysis. The interpretation of technical patterns and their significance can vary depending on the context and the specific market being analyzed. It's always recommended to perform a comprehensive analysis and consider other factors, such as fundamental analysis and market conditions, before making any investment decisions. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DELHIVERY
by hardeepssethi
Descending Triangle breakoutLooks good for a descending triangle but the breakout is not immediate. Purely from technical point of view the stock needs some volume to b/o or if no volume found the stock would move between the bands that are marked in the charts. . Ideally the sl should be 1300 on closing basis of weekly closing. Targets possible above ath level is height of the triangle which gives a rought target of 1950-2000. . From the business point of view the stock had some issue with shareholding, even though management cleared it, uncertainty still looms. So one should undertake their own Due diligence before investing here. . Disclaimer : I am not advising buy or sell and I dont personally hold any shares of above scrip. This is purely for educational purpose and to understand the nuances of technical charts.
NSE:ADANIENTLong
by VigneshIyer
Federal bank - Triangle pattern breakout🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade Comments
NSE:FEDERALBNKLong
by PrakWorld_Traders
1
ONGC - Trend reversalONGC seems to have a reversal bull candle from the bottom of the triangle pattern, so give an entry with appropriate Stop loss 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:ONGCLong
by PrakWorld_Traders
Divis Lab - 1hr BreakoutDivi's laboratories had taken a clear breakout in 1hr time frame, so give an entry with appropriate Stop loss Aggressive traders enter at the breakout and conservative traders may give entry after retracement After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
NSE:DIVISLABLong
by PrakWorld_Traders