HDFC LIFE(Weekly Head and Shoulders, Daily Triangle Pattern)On Weekly chart we got 4 to 5 resistance on the trend line I marked it with arrow also it formed triangle pattern. Once it cross the above trend line we can go for Long.
Trianglepattren
Relaxo treandline breakout and retest.Relaxo has given a good triangle pattern breakout in the weekly chart (CMP 737.6). There's also support from another trendline. Looks good for long. Can also retest all-time high of 829 (+12.4% from LTP)
BPCL -RIGHT TIME FOR LONG POSITIONBPCL
Showing "Triangle Pattern" Breakout and Retest successfully done in 'Daily' time frame , as shown in image. Can go for LONG Position for good targets.
This my view on above stock. Have our on Analysis before taking any further actions.
This for and only my view for educational purpose.
Symmetrical Triangle - Breakdown (Follow up)Trend continuation happened after undergoing a triangle correction wave.
I'm just a beginner trying to learn Elliot waves.
BreakOut Of Triangle!!!Short Term Delivery Trade
Buy PHILIPS CARBON around 140-150rs Range
Exit Points: 165-180rs
SL-124rs
Astral- Watchout for next moveAstral is already moving in triangle & could break on either side. Watch out the next move for clear direction.
Ascending Triangular Chart Pattern, Trading is all about skill Ascending chart pattern is a type of Triangle chart patterns . Ascending chart pattern is formed when price has a resistance and is forming continuous higher lows. Adequate buy or short area would be after the price gives a breakout .Ascending pattern you can short or buy as well . Wait for the price to give a breakout and enter in which ever direction the breakout is given .
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Bharti Airtel is on the verge of breakoutFollow these three rules to take a trade :
1. It should break the ongoing triangle pattern.
2. The breaking candle should have high volume.
3. There should be a retest.
4. Take the entry at the second green candle after retest.
Do comment if you have any other doubts as well.
SUNPHARMA: AnalysisKeep an eye on SUNPHARMA it is on the verge of its breakout from a triangular pattern. There is a concert resistance at 526.90 levels. SUNPHARMA has retested these levels multiple times now and there is a good possibility that it is going to break these levels this time.
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Reason to Buy:
1) Multiple retesting or concrete resistance levels.
2) Trading over 200 EMA line
3) Steep trendline below each candle.
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Calculate Your RR ratio and then trade. Stoploss must below the immediate previous swing. Wait for it to cross, best buy above 530.00 levels.
PFC is giving a risk reward of more than 10Safe Traders : Wait for the retest to happen and enter only when the triangle channel breakout.
Aggresive Trader : Take an entry at current price and exit near the resistance 1 , take an entry again after the retest happens.
Please comment if you have any doubts.
ITC is on the roll to give profitsPlease follow these rules while taking a trade :
1. It should break the ongoing channel (Checked).
2. The volume of breaking candle should be high (Cheked).
3. There has to be a retest (Checked).
4. Make a position only after the retest's second candle (Checked).
Do let me know if you have any doubts related to the trade.
Infy elliotwave analysis, ready to create new high?DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis.
-------(((((LIKE & Donate Coins to support my analysis)))))-------
On small time frame of 15 min plotted impulse wave from swing low.
Currently in Wave 4 triangle correction and looks ready for breakout with green Marubozu formed in 2nd last candle.
Targets any of these 1031-1037(in case of wave 5 truncation), 1050
case 1: Weakness in global markets can invite for gap fill 1006 and good support at 1004 which is entry opportunity with 997 SL.
Case 2: Gap up opening and sustainance above 1027 will confirm bullish bias
Case 3: Gap down and violation of 997 this becomes analysis will be invalid
FIVE CONFORMATIONS SETUP ON HDFC LIFE !!!Here is my 2 cents on HDFC LIFE as why I am very bullish on the stock
1.Inverse Head and Shoulders pattern on daily and weekly time frame.
2.Decending Triangular pattern on upside, signifying continuation of major trend i.e., uptrend.
3.100 day Moving Average support.
4.3rd time taking support on the trend line.
5.Stock taking support 3rd time at 0.236 Fibonacci retracement levels ( considered as healthy retracement on an uptrend).
Personal view : Very bullish, Positional view. (ps: safe players can go long after 600 levels).
Timeframe used : Daily.
Target : 640-650 or trailing SL.
Disclaimer : These are just my personal observations, Please do your own research or consult an advisor before doing any investment or trading.
Triangle breakoutIn this stock there is multiple factors like support resistance Breakout , triangle breakout , downtrend line Breakout
BAJAJFINANCE: AnalysisKeep an eye on Bajaj Finance it is going to breakout soon (Possibility of an Up trend).
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Reason to buy:
1) Triangle breakout.
2) Taking support on previous breakout levels.
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Best place to buy is at a retracement levels of 3429.95. Stop loss will be at previous immediate swing levels.
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Calculate your RR ratio and take the trade.
BIG OPPURTUNITY SEEN:Completion OF Elliot Wave & Triangle PatterONE SHOULD NOW GO LONG AS OTS ELLIOT WAVE PATTERN IS ALMOST COMPLETED NOW.
WHICH COULD LEAD TO TREND REVERSAL
Hindustan Petrol: AnalysisKeep an eye on Hindustan Petrol. Expected momentum is in upward direction.
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Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
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Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
irctc triangular breakout??irctc consolidated for long - a break n triangular consolidation will drive to 1600+ if privatisation n sale in stake favour SL 1320
Voltas LTD:AnalysisVoltas is forming a triangular pattern in 1 1 hour time frame and taking support on daily time frame parallel channels.
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I'm expecting a break out in near time. Keep an eye on this stock expect a good rally whatever side it breaks.
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Planning to trade for Intraday or max 2-3 days in holding.
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Stop loss must be below the immediate swing or support level.
