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Trianglepattren

HCLTECH SWING TRADE ON BREAKOUTThis Is A Pure Technical Analysis Of hcltech 1)The Stock Has Taken An Amazing Support At Fibonacci Retracement Of 50% In Weekly And Daily Time Frame. 2) It Has Been Forming A Really Convincing Cup And Handle Pattern And Currently Trading Above Breakout Of The Pattern. As We Can See In The 15 Minutes Time Frame Picture (please Check The Numbers Marked On The Picture):- 1) The Stock Has Been Consolidating Above Key Support Zone (acting As Support Zone From August 2021). 2) The Stock Is Forming A Triangle Pattern And This Pattern Has A Win Rate Of Over 70%(as Per Google Research). The Breakout Can Be A Triangle Pattern Breakout And A Range Breakout Hence 2 Confirmations That Bulls Are Strong. 3) The Stock Has Formed A Strong Green Candle(extremely Bullish Candle) And Has Closed In The Upper Part Of The Range Above A Key Level(marked On Chart With Yellow Zone) 4) Let The Stock Take A Hit From Sellers (marked Red Zone) And Then Retrace To Take A Support. We Will Enter At The Breakout Of Most Recent High. ENTRY : 1144 SL : 1100 TARGET 1 : 1200 TARGET 2 : 1350+ Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
NSE:HCLTECH
by Shaed61
1
DETAILED TECHNICAL ANALYSIS ON CAPLIN POINT LABORATORIES.Few pointers from my analysis on CAPLIN POINT LABORATORIES: 1. The stock has consolidated in the Triangular pattern and currently near its major support. 2. The major support trendline is near 0.382 Fibonacci level, thus has done healthy retracemet. 3. The Horizontal support is broken on the downside, however on lower volumes. Conclusion: The current setup is awaiting price confirmation by breakout of the resistance on Triangular pattern with high volumes and Breakout of RSI above 50. Overall setup is bullish however entry can be taken prior to the confirmations. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
NSE:CAPLIPOINTLong
by saikrishna9999
Triangle pattern Breakout in SAILTriangle pattern Breakout in SAIL From the past 2 years stock was in a down trend forming triangle pattern. Finally it has given breakout from this down trend on 02/01/23 with good volume. In todays trading session price has managed to close above breakout candle. We can expect a decent uptrend in coming days. All possible targets are marked on the chart. Maintain strict stop loss at 72.5 This is just a view, not recommendation to trade. Do your own analysis before making any investment. Do like and share this idea and share your opinion in the comment section. NSE:SAIL
NSE:SAILLong
by KaravaliTradingZone_Official
5