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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.
NSE:MARUTIEducation
by RK_Chaarts
15
Bottom Triangle has formedIn Granules after a period of uncertainty or consolidation, the price has recently hit a low point and has exhibited promising indications of a reversal. This is evident as the price has broken upwards, indicating a shift in market sentiment. During this time, a pattern known as a Bottom Triangle has formed, characterized by two trendlines that converge. As prices reach lower highs and higher lows, it reflects a balancing act between buyers and sellers. This has resulted in a narrowing price range and diminishing trading volume, indicating market participants' uncertainty about the next direction. However, before the triangle pattern reaches its apex (the point where the trendlines converge), there has been a notable breakthrough. The price has successfully surpassed the upper trendline with a significant increase in trading volume. This occurrence provides strong confirmation of a bullish reversal, suggesting a shift from the previous downtrend. In summary, recent market conditions have demonstrated a potential reversal as the price has reached a bottom and subsequently broken upwards after a period of uncertainty or consolidation. This pattern is characterized by a Bottom Triangle, where two trendlines converge while the price forms lower highs and higher lows. As the price breaks above the upper trendline with increased trading volume, it signifies a bullish reversal, marking a shift from the prior downtrend. 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:GRANULES
by hardeepssethi
2
ABCAPITAL - Breakout of Triangle Pattern - SwingThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:ABCAPITALLong
by TradewithAditya
GODFRYPHLP - Breakout of Big Triangle Pattern - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:GODFRYPHLPLong
by TradewithAditya
SWSSOLAR is nearing triangle breakoutNSE:SWSOLAR is in triangle consolidation Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on bounce of the triangle's support line Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line Target : T1 400, T2 500 on strong breakout, giving around 30% or 60% returns from current price of 302.85. Reducing revenue, income, asset, etc. for past 3 years is a concern. So this is not recommended for long term holding, but may be suitable for breakout gains. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:SWSOLAR
by samplespaz
OLECTRA GREENTECH is nearing triangle breakoutNSE:OLECTRA is nearing triangle breakout Entry : Wait for breakout with volume above average and then take position Exit : When the setup is invalidated by false breakout Target : Can be anything below 940, giving around 50% returns from current price of 591.5. However start booking partial profits at 720 and above. Fundamentally income statement is good, debt to asset ratio is low (which is good), however PE ratio is high as electric buses are the need of the hour for all governments and corporate companies. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:OLECTRA
by samplespaz
1
ADANI PORT - Triangle breakout + 200EMA consolidation - Swing The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:ADANIPORTSLong
by TradewithAditya
2
TATASTEEL - Triangle Pattern + Bull Flag Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:TATASTEELLong
by TradewithAditya