Indian Hotels Company stuck in a triangle?Currently, what appears to be a triangle unfolding in Indian Hotels, we may see a fall for a final wave e and then a bounce to make new highs.
Trianglepatterns
Multi-Pattern Insights: Triangle & Channel Structures (Timeframe: Monthly)
IOLCP's monthly chart perfectly demonstrates how triangle patterns (converging trendlines creating compression) can coexist with parallel channel patterns (equidistant support/resistance lines). Triangle formations indicate price consolidation with diminishing volatility, while parallel channels show consistent bounce zones between defined boundaries.
This multi-timeframe view reveals how experienced chartists identify multiple technical structures within a single timeframe—enhancing pattern recognition skills. Understanding these foundational concepts helps distinguish between different consolidation types and their structural characteristics.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Always conduct your own research before making any trading decisions.
Every Chart Speaks — Learn to Hear It like a PROFrom bearish flags to bullish trendlines and triangles — discover how one stock can tell multiple stories. Start reading charts like a trader, not just a viewer. This video will take you on the journey to love price action and charting .
JSW ENERGY - SwingJSW Energy is transitioning aggressively toward renewables, with investments in solar, wind, energy storage, and green hydrogen.
P/E ratio stands at 46.36, indicating a premium valuation compared to the sector average of 32. While growth is underwhelming, the company maintains good asset quality. Debt levels are manageable, and promoter holding remains strong.
The stock recently showed consolidation between 510 - 530, with support near ₹500 and strong resistance around 540. Technical indicators suggest a bullish bias, with MACD showing early signs of upward momentum. Traders may consider swing opportunities if the stock breaks above ₹542 with volume confirmation.
Transformers and Rectifiers India Ltd (TARIL)TARIL is a small-cap power equipment manufacturer specializing in transformers up to 400kV. It has a strong order book and benefits from government infrastructure and power sector capex. In FY24, revenue grew 25% YoY, with improving margins (8–9%) and profit turnaround. Debt levels have reduced, and cash flows improved. However, the business remains cyclical and exposed to raw material price volatility. With increasing demand from renewables and railways, growth prospects are positive, but valuations and execution risks warrant cautious optimism.
Triangle Breakout is expected in REDINGTON.Elliott wave analysis:-
Running Flat took place with B wave as triangle. now an upside move is expected.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
HINDOILEXP - Triangle Breakout A short triangle pattern has been forming since October 2024, and today it broke out decisively with a strong bullish engulfing candle on the daily timeframe. Additionally, a morning star candlestick pattern is evident on the weekly timeframe, reinforcing the bullish outlook.
SHREECEM - Stock to be in RADARView : To be determined
Entry Zone- Once the price breaks out of the triangle in Weekly Timeframe
Timeframe: Weekly
Notes: The price has been consolidating since October 2023, forming a Triangle pattern. Resistance and support levels are marked on the chart, showing how the price has consistently respected these levels.
* This is not a trading recommendation; for educational purposes only
THERMAX - Stock to be in RADARView : To be determined
Entry Zone- Once the price breaks out of the triangle with a strong green candle.
Timeframe: Daily and Weekly
Notes: The price has been consolidating since April 2024, forming a Triangle pattern. Resistance and support levels are marked on the chart, showing how the price has consistently respected these levels.
* This is not a trading recommendation; for educational purposes only
SOUTHWEST - Triangle Breakout with all Hidden trendlinesView : Bullish
Entry Zone- 157- 162 (Triangle break and hidden trendline break)
Exit Zone - Based on Trader mindset. Exit 1 - 188
Exit 2- 215
Exit 3 - 240
Stoploss : Black color Trendline.
Risk/Reward Ratio: 1:1, 1:2 and 1:3
Timeframe: Daily
Notes: Triangle pattern breakout along with hidden line breakout. Price consolidates since Sep 2021.
* This is not a trading recommendation, for educational purposes only
GRINFRA - Stock to be in RADARView : To be determined
Entry Zone- Once the price breaks out of the triangle with a strong green candle.
Timeframe: Daily
Notes: The price has been consolidating since May 2024, forming a Triangle pattern. Resistance and support levels are marked on the chart, showing how the price has consistently respected these levels.
* This is not a trading recommendation; for educational purposes only
NMDCThere are multiple patterns visible here and it seems a breakout is being prepared considering all the patterns.
I see a large triangle formation breakout inside which a Wolfe Wave was already working and some of you know how much I love the Wolfe Wave.
Further the price action has taken supports multiple time from the same trend line.
Bank Nifty - Will This Be Wave E towards 52000+ As discussed last .....BankNifty unfolding a triangle & again took support close to 51000 which is most important support zone 50800-51000
Can we get Wave-E upside & achieve 800-1000 points target upside
Strictly -----No Buying ------If Index drops below 51000 ...................
Regards,
WaveTalks
Abhishek
4 Amazing swing trade ideas for 6 Nov 2024 Markets I make educational content videos for swing / positional trading
SHALBY - Stocks to be in RADARPrice consolidating since September 2023 and respecting the trendline at 230 Range. It is forming good triangle structure now. We can enter once it breakout the triangle.
GHCL : Descending Triangle Pattern Breakout with huge volumesGHCL breaking out from a triangle pattern breakout in a weekly timeframe with a decent buying volumes. It can rise upto the initial triangle pattern target 🎯 of 900.
🔰 I've indicated two scenarios of the stock to reach its target 🎯.
🟢 Range : 620-630
🎯 Target : 700 / 800 / 900
🛑 Stop : below 500 (wcb)
⚠️ Disclaimer : it's not a buy/sell advice, it's only a view on the stock for the educational purposes.
STYLAM INDUSTRIES - Traingle BreakoutPrice is respecting the trendline from June 2023 and it is now breakout the triangle.
2. First target will be 2000
Please like and share if you like this idea.
Chart is Self Explanatory. I am not SEBI registered advisor and all Ideas posted by me are for Educational Purpose.
VISHNU CHEMICALS - Triangle BreakoutPrice is forming triangle since Feb 2022 and it breakout this week. Good trade for short term.
However, NIFTY is near resistance and we have to wait until this weekend before enter in to trade.
Chart is Self Explanatory. I am not SEBI registered advisor and all Ideas posted by me are for Educational Purpose.
bajajfinsv made triangle pattern watch for breakoutWatch for Triangle Pattern Breakout in Bajajfinsv. Currently in consolidation can see good upmove in coming days
T A T A C O M MTATACOMM fut broke out of triangle pattern on an hourly chart with decent OI & its trading comfortably above breakout level.
Risk:Reward - 1:4
Not to be missed.
Could be bought with mentioned stoploss & target.
Sona BLW- A good stock for long termSonacoms has been consolidating since past 1 year.
This is a pre breakout idea, hence risk is more.
480-500 is a strong demand zone from which stock has recently showed a big rejection.
Levels mentioned in the chart.
Good stock for EV theme investors as it is a stock from auto ancillary sector. Keep in watchlist.
TATASTEEL : Breakout after more than 2.5 Yrs#tatasteel #breakout #patterntrading #patternbreakout #trianglepattern #ascendingtriangle
TATASTEEL : (1-3 Months)
>> Breakout after 2.5 yrs
>> Ascending Triangle Breakout
>> Good Strength & Volumes
>> Low Risk & High Reward Trades
Swing Traders can lock profit at 10 % and keep trailing
2000 Days Breakout Pattern idea for 8 Feb Markets I daily make educational content video for swing / positional trading
