Trianglepattren
Pattern on High TimeFrame... Major Breakthrough expectedCan see a triangle pattern on a weekly time frame. Looks like a major breakthrough can come in it. Can keep a watch on this and might give good returns.
The time range here is almost 5 months so move can give good result with swing trade.
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Bank Nifty , Expected on 15 Deccan it make bearish move, expected upto 30348
Education purpose only,
Triangle Formation in Bajaj HoldingsCan expect a breakout soon as the triangle is closing in.
With large volume coming with bearish candle makes it difficult to say which way it gonna break out.
bank nifty ascending triangle pattern breakout AS per ascending triangle pattern breakout target will be a maximum width of a triangle this is a concept of this pattern in that context bank nifty will go up to in few days after the break out
ENTRY:- 30950 STOP LOSS:- 30300 TARGET:- 32000
MPHASIS getting ready for Triangle pattern BONSE:MPHASIS Can look for trade after triangle pattern breakout... Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..
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Note: Reposting since my earlier post is hidden due to contact info added in wrong area.
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.
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.
