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Trianglepattren

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
OLECTRA GREENTECH is nearing triangle breakoutNSE:OLECTRA 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 : Can be anything below 940, giving around 50% returns from current price of 591.5. However start booking partial profits at 720 and above. Fundamentally income statement is good, debt to asset ratio is low (which is good), however PE ratio is high as electric buses are the need of the hour for all governments and corporate companies. 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:OLECTRA
by samplespaz
1
Analysis for Monthly Chart of ApollotyreKeep the stock on the radar for the breakout of Resistance1 (262) This breakout of Resistance1 will also give the breakout of Ascending Triangle Pattern. The stock has the potential to become an Multibagger stock. Important Points Ascending Triangle Pattern The Resistance and the Upper Length of Ascending Triangle are at the same level. Analysis of Pattern Formation of Ascending Triangle Pattern The Resistance and the Upper Length of Ascending Triangle are at the same level. Analysis of Moving Averages The stock had started its correction in April 2018, which was completed by testing its 200ema. During correction the four ema of 20,50,100,200 periods comes close. From Dec 2020 the stock has been consolidating by trading above the four ema lines. The Expansion and Contraction of moving averages makes a wave like pattern
NSE:APOLLOTYRELong
by ssvirdi
trendline and triangular breakout Sorry for the late upload .. there is counter trendline with 5+ touches and at the bottom a triangular pattern gave a breakout. So right now it has already gone 7%++ ...there is no entry at this level. you can use this combination of both (counter trendline & triangular pattern) Who are already in this trade they should book their profits at these levels... T1- 165(15%) T2-190(40%) 220 is weekly time frame huge resistance..so boked early as possible
NSE:LOVABLELong
by mahhisingh
Bank Nifty - Penultimate Wave ( Triangle )As per our discussion since morning 38800-38825 has been important zone. Few reversals were seen right from that zone. Hope you enjoyed. Banknifty - Patiently waiting, Index structure looks like unfolding a #triangle- the penultimate wave. Penultimate wave This is the last wave & sudden reversal can happen at tops. Trading Strategy Means holding our key zone 38800-38825 or Safe Traders Buy above 38900 Index can push upside for 38950-39000 / Crossing 39000 - Hold for more but also be careful at the tops as sudden reversal can also happen. Thank you Targets 38950 Above 39000 - 39100/39200 Later Reversal for downside targets...
NSE:BANKNIFTYLong
by WaveTalks
8
Bank Nifty may be Bearish ? There are few reasons for the above observation, They are : 1. There is a Bearish Bat harmonic pattern formed. Only a small correction happened 2. A Head and Shoulder pattern formed which gives a bearish signal 3. A cup and Handle pattern also formed which gives a bearish signal 4. A triangle pattern can be seen. It is in the way of downward breakout, and, 5. The RSI bearish divergence gives a bearish formation. All these information gives a Bearish formation in Bank Nifty. Note: The information given here is for the study purpose.
NSE:BANKNIFTY
by Reverse_Trading