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Trianglepattren

Shree Cement is ready for up move Fundamental :- Shree Cement is the third-largest cement manufacturer in India with a capacity of 41+ Million Metric tonnes per annum which has grown over the last 10 years at 15.33% CAGR. The company has a market share of 8% and is third after Ultratech cement with 19% and Holcim (ACC+Ambuja) with 13% market share. Technical :- Symmetrical Triangle breakout with good volume retest done. First Entry :- Aggressive traders can enter now Stop Loss :- ₹22500 Second Entry :- above ₹25600 Stop loss :- 23450 Targets :- ₹25750,29390,31234,35890,40720,50000,54900
NSE:SHREECEMLong
by Sanaatani_trader
MCDOWELL - Triangle pattern + Cup & Handle breakout - 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.
NSE:UNITDSPRLong
by TradewithAditya
AETHER is forming triangle patternNSE:AETHER small cap scrip is forming triangle pattern. Revenue and income is consistently growing. Dept to ratio of 0.38 might be a concern, but its actually reduced from 0.61 in 2018, which is a good sign. But PE ratio is high compared to its peers and sector PE. Its good enough to enter in 840 to 920 range, and enter more on breakout. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:AETHER
by samplespaz
Symmetrical Triangle Breakout in Nesco Symmetrical Triangle Breakout in Nesco Ltd. Stock has finally given breakout from its symmetrical Triangle pattern in weekly chart. Previously 625-605 was acting as major resistance, but now stock has managed to close above this zone with good volume. Going forward this should act as a good support if price retraces to its previous levels. Any price between 625-605 is a good price to enter. Stock has potential to reach 1000+ in coming days. Possible stop loss can be at 545. For further Strong upward movement, price has to close above breakout candle. All possible targets are marked on the chart. 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:NESCO
NSE:NESCOLong
by varun_devadiga
2
TATA CONSUMER PRODUCTS broke triangle patternNSE:TATACONSUM a less known company with well known products like TATA salt, TATA tea, Tetley green tea and Starbucks and much more, have finally broken out of its triangle consolidation after 6 failed attempts in the past one year. Fundamentally & financially strong with consistent group in revenue & profits, low dept to assets ratio, consistent dividend yield, reasonable PE ratio, consistent FII holding, increasing market share seems like a good scrip to have in our portfolio. Price wise current price 837.45 is just 5.8% below its all time high of 889, hence this might be a costly entry and the breakout is not with very high momentum. Also the DIIs consistently reducing their state from March 2021. However, from its pros perspective, even in short term if this scrip corrects a bit, averaging out will not be a bad option, as in long term it seems to be healthy. Entry : 820 to 840 Target : Trailing stop loss with partial profits booking method at every 5% up movement Exit : SL1 800 (resistance break), SL2 780 (support break), long term holders can average instead of exit Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:TATACONSUM
by samplespaz
Bank Nifty - Triangle 15 Mins ChartBank Nifty Index has been doing sideways in the range 37959 (critical high) & 38800 (critical low). Looks like unfolding a triangle. If you identify them then such patterns are amazing as traders get multiple opportunities between zone identified. Trading Strategy ( Current Spot Price- 39305) Plan A - Buy close in 39000-39100 zone if Index halts above 38981 which should act as minor support. Avoid taking buy positions if fails to hold 38981 Target - 39650-39700 Plan B - Selling close to critical high 39759 ( Avoid Selling If crosses above 39759 & moves higher above) Target - 39150 / Below 39100 - 38800 / Below 38800 - 38350 / lower targets have to be reviewed later.
NSE:BANKNIFTY
by WaveTalks
4
ZEEL in triangle consolidationNSE:ZEEL is forming continuous HL (Higher lows) for 50 trading sessions, and in a triangle consolidation with 3 hits on the resistance line. Entry : On strong breakout from the triangle Exit : If breakout is invalidated Target : Exit at 15%, follow strict SL due to below Cons mentioned Pros : Low Dept to assets ratio, revenue marginally above expectations continuously, consistent dividend yield Cons : Income below expectations continuously, very low below its all time high for more than 4 years, PE above SUNTV scrip Note : FIIs lowering their stake, and DIIs increasing their stake, continuously Since the fundamentals & financials are not strong, not preferred for long term positions. Just analyzing for breakout gains. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:ZEEL
by samplespaz
ORACLE FIN SERVICE is nearing triangle breakoutNSE:OFSS is nearing triangle breakout Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on strong close above 3180 Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line Target : 4200, giving around 32% returns from current price of 3147.70. Follow trailing stoploss as IT stocks are in a continuous downtrend for long time. Midcap IT related company with strong fundamentals & financials. Income statement is good, debt to asset ratio and PE ration are very low, contributing to the pros. FII are constantly reducing their stake in this scrip from 2021 Mar, however the scrip rallied from 3000 to 5000 (66%) by the help of DII. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:OFSS
by samplespaz
MAPMYINDIA is nearing triangle breakoutNSE:MAPMYINDIA is nearing triangle breakout Entry : Wait for breakout with volume above average and then take position Exit : When the setup is invalidated by false breakout Target : T1 1500 T2 1650 T3 1800, giving around 11% 22% 33% returns from current price of 1345.95. Follow trailing stoploss as T1 while waiting for T2, etc. Smallcap IT related company with strong fundamentals & financials. Income statement is good, debt to asset ratio is low (which is good), PE ratio is high to the sector, but fine compared to few peer. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:MAPMYINDIA
by samplespaz
SWSSOLAR is nearing triangle breakoutNSE:SWSOLAR is in triangle consolidation Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on bounce of the triangle's support line Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line Target : T1 400, T2 500 on strong breakout, giving around 30% or 60% returns from current price of 302.85. Reducing revenue, income, asset, etc. for past 3 years is a concern. So this is not recommended for long term holding, but may be suitable for breakout gains. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:SWSOLAR
by samplespaz