Waited for the symmetrical triangle to break in the previous post. But it didn't break but instead formed a right angle triangle. Should have taken a trade at the close of the candle above the triangle's hypotenuse or in this case high of the inside candle.
Glenmark Pharma is showing a Symmetrical triangle pattern in the daily time frame and there is a chance for make or break in the upcoming days.
Look out for Volume breakout !!!
Buy Price: Above 406.5
Stop Loss: Below 358
Target 1: Above 448
Target 2: Above 491
Down Trend is also possible due to weak earnings !!!
Sell the stock if it breaches the stop loss value.
Fincables 15 min over all view is given in the chart. It is just a view. Trade at your own risk. I am not SEBI Reg, and view is for education purpose only.
Looks 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.
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Ideally the sl should be 1300 on closing basis of weekly closing. Targets possible above ath level is height of the triangle...
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***** 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...
All the levels are mentioned on the chart
This is not a trade or investment suggestion/advice. A person should trade on his/her own analysis and risk appetite.
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ONGC 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...
Divi'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...
What is a Descending Triangle?
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward...
Powergrid had taken a good breakout from the ascending triangle pattern, and now it's having a retracement, 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...
BUY @ AROUND 2372
SL @ 2315
TARGETS :- 2421 , 2449 , 2480 .
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
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Having been keeping tabs on this for sometime. Today last 15 mins candle saw some action with volumes and price rise in good sync. If it continues we could see breakout from the triangle. Post b/0 188 is the only resistance for the stock. SL below this weeks candle.
Disclaimer : I am not a sebi registered analyst. This chart is purely for sharing my techniques of...
