Triangle Pattern BreakoutThe stock has broken the triangle pattern. Buy at 977, accumulate till 845. Target of 2125. Use a 1:3 risk reward ratio.
Trianglebreaout
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.
Swing trading idea on Birlacorp I daily make educational content videos for swing / positional trading
MARICO Triangle BreakoutMarico has given breakout forming a triangle pattern on 1W timeframe with above average volumes. The trade offers favourable risk reward ratio. Follow proper stop loss and target.
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.
TATA MOTORS WAVE 3 OF BULL MARKETNSE:TATAMOTORS
Seems to be breaking out in 3rd wave of Bull Market
440 is next resistance to break.
Above 440 it will confirm Bull Market in wave 3.
Which can take stock to 3x-4x from CMP
coppercopper how simple is this above range is just equal to down channel range
we buy @ 620 on 28 september 2022
jo hona hota hai wo hota hai
triangle and today triangle target hit with our final target.
INDIA BULLS HOUSING FINANCE : SHARP VOLATILITY CONTRACTION - India Bulls Housing Finance has suffered a rapid fall and now price has been trading in a range.
With upper range at 300 and lower range at 85-90 levels.
A Sharp volatility contraction is happening in the stock which can break on the upside.
Check the video for more details , risk reward for this trade is 1:4.
Cheers,
priceNpedia
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.
HDFC LIFE is ready for blast Hdfc life symmetrical triangle also close to 200 EMA I’m expecting a good move after breakout
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.
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.
Ujjivan Triangle BreakoutAscending Triangle breakout on Ujjivan 1D timeframe. Wait for Breakout confirmation before entering.
BEAUTIFUL SYMMETRICAL TRIANGLE Perfect lower highs and higher lows. Expecting a terrible breakout in the upcoming week.
DEEPAKNTR Descending triangle !!NSE:DEEPAKNTR
#NSE:DEEPAKNTR formed beautiful triangle and all levels marked for practice.
Last month we have delivered good results to our friends and complete details shared.
Check my signature column, you will get all the details.
you can leave your feedback on this analysis and u can like too.
Happy LEarning !!
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.
KPIT : Breakout CandidateKPIT Technologies :
Breakout coming soon, can we 700 levels in the near term ?
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.
Avadh Sugar BreakoutAvadh Sugar has given a good solid breakout. keep a deeper stop loss at 400 and the first target should be 510 and then we can keep 510 as a trailing stop loss once the stock crosses that zone.
MOIL-A 3 moth stock for good returns. Hello Guys,
MOIL was Trading in a very eminent pattern called Rounding bottom pattern. Also, in mothly Time Frame it is showing recovery from the previous fall. Volume is also good in last two moths.
Here, Stock path is bullish and it Broke Previous Resistance and Retraced from there so we can expect a big move now within 3 moths.
Today, it also broke Triangle Pattern with good volumes in 1 Day Time-Frame.
Thanks for Reading.
COALINDIA- 4 reasons to Buy it. Triangle Breakout.Dear Traders,
1.I previously traded this stock and had handsome profits at the end of month. I found opportunity again but this time, you all can take benefits of it too. It has breakout today from previous candles as well as from Triangle Pattern.
2.People like me who believes in volume is there so, our conviction gets stronger by this.
3.When market is in fall this stock doesn't gave any bearish signal by breaking down from the Triangle Pattern. This gives me confidence to buy it.
4.Traders, I know risk is little bit higher but without trying we will not get any results. If its loss we will learn from it.
Have a good day Guys.
