Triangle pattern in SBIN - ready for breakoutBreakout above 430-435. Stop loss below 425.
Note - This is only an analysis for educational purpose.
Trianglepattren
MAHINDRA & MAHINDRA, TRIANGLE PATTERN CAN GIVE BREAKOUT.MAHINDRA & MAHINDRA is forming a Triangle Pattern. After a good up move it can be corrective wave, and it is constantly taking Support at previous Resistance. There are some more reasons that probably it can give breakout, but, I am not mentioning them, check on smaller time frames as well, and take trade only after your system or rules give confirmation. And don't take it as a call, and Try to Learn Something.
Go Long On GNFC
Looking good pattern.
Good to go long with small risk NSE:GNFC
Good Flag and pole breakout is seen.
Good target ahead.
ITC (Decending triangle pattern formed)let see the price action = Decending triangle pattern formed and breakout .
CMP=212
1 TARGET= 220
IT IS MY OWN ANALYSIS
PLS TELL YOU OPINION ABOUT THIS STOCK.
DATE :23/7/2021
=== TOMORROW ITC Q1 result.=====
MANGLMCEM - Om mangalam mangalam!!Expecting an upmove tomo(22nd Jul 2021). On 15mins chart i see multiple chart patterns forming and also multiple flag patterns.. Likely upside moment.
Keep a watch.
Disclaimer : this is just my view/opinion and not a recommendation or suggestion. Pls analyse it yourself before investing/trading.
Levels for - 22 July 2021 ∘ Keep eyes on Reliance Symmetrical triangle Pattern
∘ 50 - 200 Ema Resistance over here
Orient Electric -Getting ReadyOrient Electric -Triangle pattern formation
Orient Electric after trading in a consolidation triangle pattern on Friday gave huge momentum on the upside with good volume.
How to identify false breakout?
On the initial breakout from a range or other chart pattern, a rise in volume indicates strength in the move. Little change in volume or declining volume on a breakout indicates a lack of interest and a higher probability for a false breakout.
If the price gives a breakout on the upside and respects the upper trendline confirmed by good volume, traders can go long.
Let's see what happens.
Note= Get in the habit of focusing on your trading system and following the process for
entries, exits, and position size, rather than the money you are making or losing
at any particular moment
Triangle breakout retest complete on BATA INDIATriangle breakout retest complete on BATA INDIA
First target : 1870
SL : 1520
Banknifty Forming Symmetrical Triangle What is a Symmetrical Triangle ?
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.
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern.
The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low ( shown as Blue Line ) of the earliest part of the pattern applied to the breakout price point.
The stop-loss for the symmetrical triangle pattern is often just below the breakout point.
Symmetrical triangles differ from ascending triangles and descending triangles in that the upper and lower trendlines are both sloping towards a center point. In contrast, ascending triangles have a horizontal upper trendline, predicting a potential breakout higher, and descending triangles have a horizontal lower trendline, predicting a potential breakdown lower. Symmetrical triangles are also similar to pennants and flags in some ways, but pennants have upward sloping trendlines rather than converging trendlines.
Will this breakout happen ? Long Ride Time !Eichermotors : 1) Chart analysis : Stock is forming sort of a triangle pattern and it is very near breakout zone. Keep an constant eye on this stock as breakout is possible any moment if market supports the momentum.
Only enter the stock after the breakout with good volumes.
2) Indicator analysis : As you all can see green moving line , its 50 Simple moving average. Stock just took support from its 50SMA , this is positive sign .
3) Fundamental analysis : ROCE = 17+ , ROE = 13+ , Current ratio = 3.5 + , Debt to equity 0.
I gave my analysis on this stock when it was at 2481 price , CMP is around 2712 and again there is chance of breakout .
Find below link to my previous analysis.
Note :-
*This analysis is for educational purpose , feel free to share your queries/ feedback.*
WEDGE AND TRIANGLE PATTERN COMBO !GEPIL ; As you all can see this stock has formed wedge sort of a pattern earlier. After giving a clear breakout+retest structure it is now forming symmetrical triangle sort of pattern. Trend is now uptrend so breakout at upside maybe possible here. Don't be in a hurry to enter the stock, wait for proper breakout / breakdown of the triangle pattern.
