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
Trianglepatterns
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.
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
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.
B A N K N I F T Y BANKNIFTY is trading in triangle pattern from past 7 trading sessions & now its on the verge of breaking past upper end of triangle pattern i:e 44700. If banknifty gets past 44700 then its not to b missed breakout for bigger targets mentioned.
Could be bought with mentioned stoploss & target/1/2 trading sessions.
Alternately, one can buy 44500/44700 or 45000 ce once breakout happens with spot level mentioned as stoploss.
Triangle pattern breakout in CUMMINSINDCUMMINS INDIA LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1805+.
✅Can Go Long in this stock by placing a stop loss below 1725-.
IBrealEstThis may be moving in triangle pattern. since it recently touched lower edge so probability of touching upper edge is high though it may be slower.
once it crosses the 125-108 zone then there may be a view that it could do well however that it still far away