Price formed a ascending triangle in SGX NIFTY50, if it will break down then we can expect a correction or if price will breakout then it will continue their up move. What do you think? tell me in the comments below.
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...
Flagpole+ cup and handle+ symmetric trianlge, iifl will beat manapuram in gold and in future might beat muthoot , currently very under valued with perspective of market cap can a multibagger in long term
Price first broke down its important level but is now trying to move up again if it will give closing above 306 then we can expect a good up move but if it will break down trend line Then there could be a downfall again (not big)
The 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...
NSE: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...
Symmetrical triangle breakout in shree cement enter after pull back (retest)
20th August ko maine iska deep analysis kiya, tab maine bola abhi isko buy karlo us din continue rally kiya. ab jaldi hi ismein breakout hoga. Ho sakta trendline se rejection leke thoda pull back le then breakout kare ya seedha breakout karde. Main bahut bullish hoon kyunki monthly time frame pe pull back liya hai to isko long term main bhi rakh sakte. Ye...
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...
Hdfc life symmetrical triangle also close to 200 EMA I’m expecting a good move after breakout
NSE: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,...
TATACONSUM breaks the trendline (may look like triangle breakout) with a good bullish candle so traders plan for a Long position on it...stoploss on below breakout candle..Thanks!
Bank 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...
NSE: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...
Cup and hanlde +flag+ symmetric trangle sswl is market leader in steel strip wheels and every month sales are increasing can be a multi bagger
ascending triangle tgt would be broader side of triangle ,sl would be slightly below lower trendlyne
NSE: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....
NSE: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...