Trianglebreaout
Grindwell Norton - Strong Breakout with Triangle pattern- Huge Breakout from a consolidated range and above high
- Formation of a symmetric Triangle pattern breakout
- Supported by Huge Volume expansion
- 1020 can be a good entry level as we may get a pullback
- Can be trailed as the company is financially stable
My trading style of Triangle patternThe above is the my style of looking into the opportunities in the triangle pattern. Only after good time spent on this pattern will make things easy for you to take this trades.
Always . .
Take a pattern, spend more time on it, when you get used to it, you will start fall in love with it, when you love it you know about it well !!! That's the magic.
Triangle breakout on cards - 340 targetPrice gently took support and resistance inside a triangle pattern and breaks the pattern yesterday and reached the resistance. If breaks this levels then it will reach a target of 340 - 350 levels.
The best entry for this kind of trades are triangle support levels, sometimes the buyers after breakout exhaust and give up so that one who entered at breakout have a chance of stop hit.
Raymond Triangle Breakout - Swing tradeNSE:RAYMOND Can consider Raymond Triangle Breakout for Swing trade with lower trend line as SL on closing basis. Try to take the trade once it retraces based on you RR.
Can look for 902, 300 and 310 as reward. Let me know for any queries. Please like, share, follow for more updates.Thanks.
TCS LONG - TRIANGLE BREAKOUT + RETRACEMENTTHE BREAKOUT FOLLOWED BY A RETRACEMENT IS AN INDICATION OF BULLISHNESS IN THE STOCK.
BEWARE OF THE RISK INVOLVED IN TRADING STOCKS AND PLAN YOUR TRADES ACCORDINGLY.
THIS SHOULD ONLY BE USED FOR LEARNIG PURPOSES AND NOT AS A TIP.
TRADE AT YOUR OWN RISK.
HAPPY TRADING!!
THE BREAKOUT WAS DISCUSSED EARLIER, BUT THE TREND CONFIRMATION IS SO STRONG.
SO HOPE YOU WILL CATCH THE MOVES COMING IN THE FUTURE.
Intraday Triangle Breakout on BankNiftyExample of a bullish symmetric triangle breakout on BankNifty as observed on the 15 min charts.
As the price moves between the converging trendlines, the point closest to the tip of the triangle, presents a good entry point to go long. The stop loss for the trade was the previous swing low and the target was the day's high. Giving a good 80-90 point profit, with a risk of only 30 points. 3:1 RR ratio.
SRF is on the verge of a breakdown. Stock for 7th July 2020I have market the levels in the chart itself. Please refer and comment if you have any doubts !
Selling at CMP
Target : 3725
Risk : 3932
Risk : Reward is 2.57
Do follow me on Quora (Jago Niveshak) for daily calls / stock tips to trade the next coming days.
Thanks for keeping me motivated by showing your love and support !
A beautiful triangle patternAn diminishing triangle pattern has formed between the trend line (in orange) and the support line (again in orange) at 75.2.
75.2 is a strong support and has supported the scrip 4-5 times since 8th June. I am betting slightly higher on the breakout happening on the downside. The second wave has led to serious outflow of USD to other currencies (EUR, YEN, CNY).
Let's see what happens.
USDINR Triangle patternA neat triangle pattern has formed. Expecting breakout on the downside. Short term future traders.....brace yourselves....breakout might be approaching!