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Trianglepattren

DOLLAR INDEXThe Dollar index witnessed over throw or fake breakout from ascending parallel channel due to excess optimism but it is now back into the channel. Pattern wise, it seems to be forming distribution triangle. MACD is also going negative in daily time frame along with turning towards negative in weekly time frame. Once it breaks down lower side of Triangle then it could show more bearish-ness, One can go short on break down of support line of triangle with stop loss of upper line of triangle pattern. Break below this triangle can be trigger point for short. Fake Breakout of parallel channel or Over-Throw. macd in weekly converging towards negative crossover macd in daily already running in negative crossover and downtick along with increasing histogram rsi in daily down tick and below 50 range stochastic in daily also down tick and negative Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
CAPITALCOM:DXYShort
by RK_Chaarts
3
COASTCORP - Long1. A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. 2. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. 3. The stop-loss for the symmetrical triangle pattern is often just below the breakout point.
BSE:COASTCORPLong
by ex_cap
STOVEKRAFT - Triangle Pattern Breakout - Swing TradeThe analysis is done on Daily TF hence price may take few days to few weeks in order to reach the targets. Trade logic is based on simple 200EMA strategy (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 various platforms for any query or suggestion regarding this stock or Price Action Analysis.
NSE:STOVEKRAFTLong
by TradewithAditya
2
ABCAPITAL : Positional Buy Trade SetupNSE:ABCAPITAL Hi Traders, ABCAPITAL trade setup, entry and target level on chart. ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:ABCAPITALLong
by vimal.kr.pathak
BOROSIL RENEWABLES AnalysisWhat s up Traders, Stock Of the day : Borosil Renewables (D) Borosil Glass Works manufactures scientific ware items and consumer ware items *Technicals : Triangle pattern breakout Aggressive Traders Can Enter right at the moment with SL below the candle Conservative Traders can wait for a retest near 500 price level.. Stock has given a nice momentum of 15% in 3 days *Fundamentals: Current price is more than intrinsic value P/E 77.5 Over the last 5 years, revenue has grown at a yearly rate of 2.32%, vs industry avg of 0.68% NSE:BORORENEW
NSE:BORORENEWLong
by honey_nainwani
ASALCBR is a good Medium Term BetASALCBR Associated Alcohols & Breweries Ltd Chart Structure: - After listing in Feb'20, the stock is in an upward trend since Mar'20 - Stock right now is consolidating after making an All-Time High. - During the consolidation, the stock has taken support multiple times near previous resistance and Avg. Buy price of last Huge Accumulation. Volatility Contraction: - In Day TF, price is forming a triangle pattern. - Stock's Volatility is contracting. As before it was pushed down 20% after making ATH. - Stock rose up again from the support area, and this time it was pushed only 11% down, hence creating a Triangle Pattern. Relative Strength: - Stock is outperforming its sector & Nifty50 in 3m, 6m & 1y TF. It is underperforming in lower tf due to stock being in consolidation. - Stock has turned RS+ again on 8th Oct and is keeping above Laxman Rekha. - Spread chart of the stock has formed a triangle pattern and is near a breakout. Volume Activity: - Stock saw huge Volume Activity from 4th to 12th October 2021. - In that period 14.76 lac shares were delivered with an average of 1.84 lac shares/day with an average buying price of 548/- - Previous average deliveries were 37k shares/day. Financial Performance: - Stock beat its QoQ & YoY Quarterly numbers in Q2. - Sales Growth +50% QoQ & +21% YoY - PBT Growth +36% QoQ & +6% YoY - EPS Growth +41% QoQ & 8% YoY Fundamental Notes: - The company plans to expand its capacity from 45 MLPA to 90 MLPA. The project is expected to be completed by June-2022. That means the Co. will see the double output in 7-8 months. - Company Distil, Blend, Bottle & Market are some of the key brands of United Spirits such as Bagpiper, Blue Riband, Flavored Mischief, Director's special gold & McDowell's Rum. - The contract of this franchise has been extended up to April 2025. - Some other brands which are produced under contract manufacturing are Black Dog, Vat 69, Black&White, McDowells, Royal Challenge, Signature, etc.
NSE:ASALCBRLong
by AmanSaraf
Banknifty Ascending Triangle Breakout ?Hello Traders, More possibility of market opening Gap-up to Flat. Is Banknifty ready for Breakout ? Please trade accordingly to your understanding. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde