TATASTEEL - Swing Trade - Symmetrical Triangle PatternThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Trianglepattren
Will BANKNIFTY break the All time High and give us bull trade?If market cross/ closes (for swing/positional trade] above 41840 and makes a price action we can initiate a bullish trade OR else if it couldn't cross this level and makes a bearish price action/candle stick we can initiate a bearish trade
Vedanta for a fall.Vedanta for a fall.
In the first long term wave, we are in the second correction of the wave two and if you see the wave, it is in a third wave fall of the 3 sub waves which could be as deep as .618 fib levels as per me.
Also, it is now at a triangle resistance at the top of the trend line if you see the dark white line and the volumes have weakened significantly with no buying momentum. The fundamentals are bad with a 61 percent los QoQ. Plus, commodities and interest rates have an inverse relationship because higher interests lead to increased cost of holding and weakens demand. Now with the potential rate hikes on cards, my view of Vedanta is a fall with a target of 253.
If we open below the 274 support line, it is a further confirmation. For safety, it can be taken when the triangle breaks down.
The metal index also seems to be in the second corrective wave and with rate hikes, a correction seems on the way.
Triangle Pattern & Psychology behind itSymmetrical Triangle Pattern & Psychology behind it
NSE:GESHIP - Triangle pattern on the verge of breakout
Everything is explained on the chart itself.
Entry can be made after the breakout. R:R should be according to appetite. This is no trade recommendation in any way.
Symmetrical triangle pattern reversal in GUJGASLTD. GUJGASLTD ( GUJARAT GAS LIMITED)
Key highlights: 💡⚡
📈 On 1D Time Frame Stock Showing Reversal of symmetrical Triangle Pattern.
📈It can give movement upto the Reversal target of 3250+.
📈There have chances of breakdown of support level too.
📈 After breakdown of support level this stock can gives strong down side rally upto -310.
📈 Can Go Short in this stock by placing stop loss Above 528 or last swing high.
📈 After breakdown this can give risk:reward up to 1:3+.
Triangle pattern breakdown in MINDTREE.In 30Min timeframe MINDTREE stock has given breakdown to triangle pattern with a breakdown entry below 3415- there are chances of going up to their Short target of 3250+.
Consolidation for new trendstock forming kind of triangle pattern
getting support of trend line both side
wait for break out or breaks down
Borosil Renewables Ltd. engages in manufacturing and sale of solar glass. The firm operates through the following geographical segments: Within India and Outside India.
52 WK HIGH LOW 833 - 320
APARINDS - Breakout of a Triangle pattern - Short term SwingThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.