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Trianglepattren

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
Three Genuine Triangle EntriesTriangles are very common and promising patterns. Normally they are considered as continuation patterns in the direction of prevailing trend. I am presenting here three useful entry techniques. None is better than the other and each one has its own strengths and weaknesses. ANTICIPATION SETUP As the name suggests, the trade is taken before the triangle breakout. It is in anticipation of a continuation breakout. Entry is taken at the third touch of the uptrendline. Stoploss is fairly smaller, below previous swing low A, compared to other setups. Stop can be brought up to breakeven as soon as breakout happens. As entry is taken before breakout, the chances of hitting the smaller stop are fairly high. BREAKOUT SETUP Entry is taken above the prior swing high B with stop below the recent swing low C as shown in the chart. The stoploss is relatively large but chances of hitting the stop is also relatively less. CONFIRMATION SETUP Many a times, after the breakout, price pulls back to the triangle for a retest. The entry is taken above the swing high E formed after the breakout as shown in the chart. Stop is kept below the recent retest swing low F or the last swing low D inside the triangle. Stop may be large in this case but it comes with higher chances of a successful trade. TARGETS Target in all the three cases should be the height of the triangle, shown in the chart, as measured from the breakout point of the triangle. PRO TIP ♦ The triangle breakout should occur within 1/3rd to 3/4th the length of the triangle (see chart). The late breakouts are not considered as valid continuations and may end up as a trading range. ♦ Ideally volume dries up as the price consolidates in a triangle. Volume starts picking up as the breakout occurs which is a good sign. ♦ Triangles setups are valid in both uptrend and downtrend. I hope the above information would be helpful. Thanks for reading 😉
NSE:NIFTYEducation
by Bravetotrade
11