Trianglebreaout
BOB | Trendline Bull Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Triangle Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Target
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JYOTIRES - Breakout with good volume JYOTIRES - Breakout in daily timeframe observed after one year. The stock has consolidated for a few weeks before a huge-volume breakout.
The company has FANTASTIC fundamentals and great growth potential. There is a good upside in this stock, both in the short-team (catch momentum) and in the long-term (strong growth potential).
Please do your own research before making a buying decision. These are my personal views.
AVANTIFEED - 6.5 Yeas Downtrend Breakout Avanti Feeds Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (November, 2017). Now It has given a Downtrend breakout & Closed with good volume & good bullish momentum candle in weekly Time Frame.
3) The next resistance would be around the price (770 - 25.10% from the price 615.40). Followed by this, The stock may reach it's Previous Life Time High (980) in the long term.
5) Recommendation - Strong Buy
SJVN Analysis for Long Term!NSE:SJVN Analysis!
SJVN Analysis on a Daily Timeframe!
Triangle Pattern formation in SJVN!
Triangle Pattern Breakout in SJVN!
Analysis:
SJVN was trading in a Triangle pattern. Yesterday it gave a powerful breakout to its resistance line with significant amount of volume. Also consider the 20, 50, 100 period EMA as these are also acting as a Support and Resistance as the price is respecting them it is moving ahead with them. Rest of the Analysis is on the chart itself please study it thoroughly.
Trade Setup:
Entry = Current price level is good to Enter but always enter 0.50rs above the previous day high.
Target = 226.64
Stop Loss = Below 136.11 or as per your Risk to Reward
Disclaimer = Consider my analysis for Educational Purpose only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
GTPL - Symmetrical Triangle Breakout with Retest - Bullish LongGTPL Hathway Ltd. (NSE: GTPL) has recently broken out of a symmetrical triangle pattern on the daily chart. The breakout has been followed by a successful retest, indicating a strong bullish signal.
A Symmetrical Triangle Breakout would indicate a continuation of prior trend, which is bullish in the long-term, as shown by the Monthly Chart below.
I have also given a possible long-term channel for GTPL. The support at the bottom of the channel has been tested multiple times, as shown. We'll have to see if the top also holds but that is a long time away.
On the Monthly time-frame, the RSI is also on an upward trajectory, as shown.
Please comment with your views on the set-up.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Amar Raja Energy & Mob Ltd Analysis!NSE:ARE_M Daily Analysis!
Symmetrical Triangle Pattern formed in $NSE:ARE_M!
Symmetrical Triangle Pattern breakout in $NSE:ARE_M!
RSI Bounced Back from 50 Level
NSE:ARE_M formed a Symmetrical Triangle Pattern on the Daily time-frame. The stock is being in the uptrend by taking support on 50EMA. We can clearly see the breakout to the resistance trend-line with sufficient volume. RSI also bounced back from 50 Level. We can ride the rally with strict stop loss. Last candle has given a breakout we can enter either in the upcoming trading session or after retest. The important levels are on the chart itself, please have a look on it.
Trade Psychology and Setup:
Entry = Current price level is good to enter(865-870)
Target = 1052.15
Stop Loss = 809.90
Disclaimer = All my analysis is for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
HINDPETRO Analysis(Symmetric Triangle)!Two methods to project the Targets while trading based on SYMMETRIC TRIANGLE PATTERN
HINDPETRO Analysis on Weekly Timeframe!
Symmetric Triangle formation in HINDPETRO on Weekly Timeframe
Symmetric Triangle Resistance Trendline Breakout
HINDPETRO has made symmetric Triangle pattern on Weekly Timeframe. HINDPETRO is forming Symmetric Triangle Pattern about 6 months. The price has given resistance trendline breakout with low volume which is a negative point but is has made successfully closed above it. On the chart I have illustrated, how to project targets based on SYMMETRIC TRIANGLE PATTERN in two ways. You can follow any method while dealing with Symmetric Triangle Pattern. Both ways are valid. I have referred John J Murphy's TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS book for this Analysis. I hope you'll like it. One more important thing do Follow and share my ideas for support so I can post more and more ideas on daily basis.
Trade Psychology and Setup =
Entry = Aggressive Investors can enter at current levels, Conservative Investors can enter after retest between 239.80 - 243.15
Target = 505.30
Stop Loss = Below 220.10
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
Dhani : Breakout Candidate#Dhani #Breakout #Trianglepattern #patterntrading #patternbreakout #momentumtrade
Dhani : Weekly (1-3 Months)
>> Momentum Trade
>> Breakout Soon
>> Triangle Pattern
>> Good Strength & Volume Build up
>> Low Risk High Reward Trade
I believe it can move towards 100 Ema (60 Levels)
Swing Traders Can lock thier profits at 10% and keep trailing
Disclaimer : Charts Shared are for Learning Purpose & not a Trade Recommendation. Consult your Financial Advisor before taking position in it.
HFCL (weekly) : Breakout Stock#Breakoutstock #stocktobuy #stocktotrade #stockinfocus
#HFCL (1-3 months) : Momentum Stock
>> Long Consolidation Triangle pattern Breakout
>> VCP Visible in Triangle pattern
>> Good Strength & Volume Breakout
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Mastering the Symmetrical Triangle chart patternHello Friends,
Here we had shared Educational purpose post to understand & to master the Symmetrical Triangle chart pattern with real example on chart of the stock MARUTI.
Symmetrical Triangle Chart Pattern
A symmetrical triangle is a common chart pattern used by traders and investors to predict where the price of a stock or asset might go next.
What It Looks Like
Imagine two lines on a chart. One line is sloping up, and the other is sloping down. These lines meet at a point at the top of the chart. It looks like a triangle, where the lines squeeze together.
What It Means
Symmetrical triangles show that traders are unsure about where the price will go. It's like a coiled spring, ready to bounce in one direction.
Why It's Important
When the price breaks out of the triangle, either going up or down, it can be a signal of a big move. If it goes up, it's considered bullish (good for buyers). If it goes down, it's bearish (not so good for buyers).
Trading Tips
Wait for a clear breakout before making a trade. Don't rush.
Watch the volume (how many shares are traded). A big volume increase during the breakout is a good sign.
Be cautious of false breakouts – sometimes the price goes out of the triangle but then comes back in.
If you already own the stock, hold onto it until you see which way the breakout goes.
If you don't own the stock, consider buying after a reliable breakout in the direction of the major trend.
In simple terms, a symmetrical triangle is like a pause in the market where everyone is waiting to see which way it will go next. Traders use it to make decisions about buying or selling stocks or assets.
Setting Stop-Loss and Targets
Stop-Loss
A stop-loss is a predetermined price level at which you decide to sell your position to limit potential losses. When trading a symmetrical triangle pattern:
Place your stop-loss just below the lower trendline if you're buying (bullish breakout).
Place your stop-loss just above the upper trendline if you're selling short (bearish breakout).
The stop-loss helps protect your capital if the breakout goes against your trade.
Price Targets
Price targets help you determine where the price may move after the breakout. You can calculate potential price targets using the triangle's height:
Measure the height of the triangle (the vertical distance from the lowest low to the highest high within the triangle).
After a bullish breakout, add the height to the breakout point for an upside target.
After a bearish breakout, subtract the height from the breakout point for a downside target.
These targets can help you set realistic profit objectives. Keep in mind that they are not guarantees, but rather potential price levels where the asset might move.
Remember that trading involves Risk, and it's important to use risk management tools like stop-loss orders to protect your investments. Additionally, price targets provide guidance but don't guarantee specific outcomes, so it's essential to monitor the market's actual performance after a breakout and adjust your strategy as needed.
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.