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Trianglepattren

Dolat Investment Ltd - Long term - LongHi Friends, Pranam!!! We are going to analysis the script in the small cap finance segment company Dolat Investments Ltd!! Fundamentally Script was very good based on the following basis screening: 1. Company Profit growth for the last 5 financial years was above 20pct. 2. Sales growth of the company was above 5pct 3. Average return on capital employed for the last 5 financial years was above 20pct. 4. Average return on equity for the last 5 financial years was above 20pct. 5. Debt to equity was below 1 pct. 6. P/E of the company is lesser than the industry P/E. 7. Finally, PEG was below 1. On technically ground. The script was breaked the parallel channel in the weekly time frame and its once again retested the level where resistance of 87 now turns support. The trend as per EMA200 evidence bullish bias in daily TF and also the script has support at 89 & 72 and resistance at 105,116 and 128 respectively and script was retraced to the FIB retracement level of 61.8 pct and same was marked in the chart. The dynamic support as per daily TF was at 92-99 as per EMA50-EMA79 MACD in 2hr & daily TF was in oversold area and in weekly TF it was in the overbought zone. Stochastic RSI was in Oversold Area in daily and Weekly TF and Overbought zone in 2hr TF. CPR of Daily TF was in the bullish bias compared to previous month and its was in the average CPR. CPR of July month is a virgin CPR which can act as support. ATR Volatility was in the peak in daily TF. ATR Volatility in the 2HR TF was in the down, evidence for a breakout. In 2hr TF: Script was evidence in the ascending triangle pattern where the Higher High and Higher Low. Based on the above, we conclude that the script was good for Long Term both fundamentally and Technically. Entry -Brakes above triangle SL - 96 - 1ATR of Daily TF. Target - 120 and 128 If you like our analysis, press the thumb up button and follow us.
DLong
by Caapinves
Symmetrical Triangle Pattern With Full Tutorial 1. This is basically a Symmetrical Triangle Pattern. Where Resistance & Support Line tends to cross near future, which is also known as APEX point. Breakout can happen both the side e.g. ups and down. In this chart is it in upside breakout. 2. We've to measure the distance of price range. Which is between Resistance & Support Line, when pattern was developed and now that range paste on the breakout side for measure Profit Target. 3. That price range has been paste in this area now 721.60 is the initial profit target for this Symmetrical Triangle Pattern.
NSE:CANFINHOMEEducation
by marketaffairs
Descending Triangle breakoutLooks good for a descending triangle but the breakout is not immediate. Purely from technical point of view the stock needs some volume to b/o or if no volume found the stock would move between the bands that are marked in the charts. . Ideally the sl should be 1300 on closing basis of weekly closing. Targets possible above ath level is height of the triangle which gives a rought target of 1950-2000. . From the business point of view the stock had some issue with shareholding, even though management cleared it, uncertainty still looms. So one should undertake their own Due diligence before investing here. . Disclaimer : I am not advising buy or sell and I dont personally hold any shares of above scrip. This is purely for educational purpose and to understand the nuances of technical charts.
NSE:ADANIENTLong
by VigneshIyer
BRITANNIA triangle converging.BRITANNIA has been narrowing its movement range between two converging lines and the formation is resembling a triangle pattern. Right now it seems to be facing rejection from the upper line of the pattern. One could go short with the following levels in mind: SHORT BELOW: 3575 STOP LOSS: 3645 TARGET 1: 3505 TARGET 2: 3435 _______________________________________________________________________________________________________________________________________________________ Manage your risk and trade your plan. :)
NSE:BRITANNIAShort
by Tradeception_
TRIANGLE PATTERN IN TATA STEELA SYMMETRICAL TRIANGLE PATTERN is formed in 15 MINUTES candle stick chart of TATA STEEL Stock is already in BULLISH TREND , 50 EMA is above 200 EMA & SWING CPR is UPLIFTED Stock till have the BULLISH MOMENTUM , Yesterday it gave a BREAK OUT from its previous ALL TIME HIGH with a HUGE VOLUME Now there is a chance for both creating a new ALL TIME HIGH or RETESTING to the previous ALL TIME HIGH level BUY if stock price BREAKOUT from the TRIANGLE PATTERN SELL if stock price BREAKDOWN from the TRIANGLE PATTERN
NSE:TATASTEEL
by RajMohan2080
What is a Symmetrical Triangle Pattern?The Symmetrical Triangle is usually a continuation pattern. It represents a pause in the existing uptrend after which the original uptrend gets resumes. A breakout from the upper trend line marks the continuation of an uptrend while a breakdown from the lower trend line marks the start of a new bearish trend . This pattern is also known as a wedge chart pattern. How does Symmetrical Triangle Pattern Work? Phase 1 : Existing Uptrend When there is an extreme demand in prices there is an uptrend. It continued as the demand increases. Phase 2 : Pause When demand is equal to supply the there is a pause in an uptrend and investors start to book profits here. As prices consolidate it forms converging trend lines . As there is equal demand and supply investors buy on the lower trend line and sell on the upper trend line . Which results in forming a Symmetrical Triangle Pattern . Phase 3 : Uptrend Continuation After demand matching the supplies when there is when buyers are again interested to buy demand increases. Which results in breakout! And the continuation of the uptrend. Role of Volume: Volume plays a major role in a symmetrical triangle pattern . When in an uptrend the volume is quite higher. In the second phase, the volume starts to diminish due to equal demand and supply. And again on the breakout, the volume surges. Volume with Breakout gives a good indication of a successful uptrend. Above Chart Explanation: This is a 4H chart of AXSUSDT we can see it's in an uptrend previously with good volumes. Now after successful uptrend prices consolidate with diminishing volumes. And after it, there is a breakout with above-average volumes. And then the uptrend continues. Conclusion: Symmetrical Triangle Pattern is a continuation pattern. Which on upper trend line breakout can give a potential bull move and when on lower trend line breakout gives a possible bear move. Comment your thoughts on Symmetrical Triangle Pattern down below. Disclaimer: This is just an educational post never trade just any pattern. And please do your research before making any trades. PS: We are again publishing this for our Indian audience. Happy Trading!
Education
by Coinlog
24