Godfrey is in a Triangle formation and this is the chance to catch this stock on it support. Keep a stop loss at 1620 and expect targets of 2030 when the triangle is broken and the consolidation ends. Expect a very sharp move after breakout.
Rounding bottom + triangle consolidation .
After a huge RB breakout, Stock is in triangle consolidation.
For long, 360-375 looks like a strong demand zone. Can add long positions around these levels or average here.
Targets can be 448-491-547-605.
Always trail your profits in positional trades.
Breakdown of support may lead to test 340-317-280 levels also....
Huge Triangle consolidation and flag pattern inside.
For low risk traders buy on breakout for targets 480-500 with a SL of 440 on daily closing
For swing and investment pov, buy at cmp, add on dips till 420-400
Targets 480-500-528-553++
SL 400 on daily/weekly closing.
In Elliott Wave this is referred to as Running Triangle whose final E leg pending.
E could finish near 41400-350 zones in next session then break above 41680 will trigger rally minimum up to 42400.
Analysis will be invalid if breaks 41250
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels...
Silver is still in triangular correction on weekly time frame and now it has weekly closed below RK's stop loss line which is a sign for weak sentiments again also weekly macd is about to turn bearish again so we can assume that after completing wave a-b-c-d- now we are unfolding wave e in triangle pattern, which can be last decline before breakout towards north...
As one can see there is a triangle patterns formations one can either go bullish or bearish according to the markets , if nifty opens gap up then target could be 133 and if it opens flat ,or gap down the target
Could be 122 that is exactly around 200EMA. This is for educational purposes only ,Do your own research before investing.
JSW Steel Daily chart.
Range contraction is happening, once we break above 773-775 levels , we can see good upside move in this.
The Ascending triangle most often appears in an uptrend and it is considered a continuation pattern.
The analyst must simply look to see the direction of the previous trend and then make assumption that the previous trend will...
ICICI prudential retesting its triangle pattern, so give an entry with appropriate Stop loss only after a bullish candle from its retest
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry...
Hey everyone!
There is a triangle pattern formation in Adani Ports and Special Economic Zones. The stock is in consolidation since March. I reckon we should keep this on our watchlist. A big bullish candle & good volumes and we'll be good to go.
Feel free to share any reviews or feedbacks.
Disclaimer: This analysis is only for educational purposes.
