An 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). ...
RELIANCE IN SYSMMETRICAL PATTERN -IF RELIANCE MANAGED TO HOLD ABOVE 1633 -A SYMMETRICAL TRINANGLE PATTERN BREAKOUT WILL BE CONFRIMED -NEXT TARGET LEVELS WILL BE 1647 1658 1669 RELAINCE SHOULD BE ON YOUR WATCHLIST
A neat triangle pattern has formed. Expecting breakout on the downside. Short term future traders.....brace yourselves....breakout might be approaching!
city union bank seems a buy at current zone withaccumulate upto 125 for 160
NSE:MCX MCX can be bought after it breakouts from its trendline. It is forming a clear triangle pattern and seems bullish in near term.
SBI has been trading inside the triangle since March 13 and now it looks ready to breakout off the pattern and run towards 200 level.
Swing trade on airtel. buy above 499 200 ema is showing support. target and stoploss mentioned
TCS breaking out of a triangle and the price is moving in a rising channel. Go long as per your risk appetite and capital management. Buying breakouts offers a poor risk-reward ratio. So it's better to look for a suitable risk-reward before trading.
Kotak has been trading inside the triangle pattern and it is about to breakout soon.
BEL - Triangle pattern in the 15 Min time frame Depending upon the breakout direction can Long or Short Expecting a short position tomorrow
1. Company got approval of the drug 2. Upper breakout pattern formation 3. Receding volume All this points to upper breakout. Possibility for BUY option
Interesting pattern and movement on chart. ICICI Securites possible break out for 460 Watch or trade at current level with stop loss below 410 Target in sight 460, 492 or may be higher if crossed 500 Keep stop loss moving.
Berger Paints has been consolidating in the form of a triangle ever single its long uptrend phase. This triangle now appears to be broken. It certainly looks like a good time to join the 'LONG' ride!
STBT IN JETAIRWAYS DESCENDING TRIANGLE PATTERN BREAKOUT SEPTEMBER FUTURES SHORT@252.5 STOP@260 TARGET@235 LOT:1200 QTY:2