Reason for crude movement towards upside direction : 15 Mins triangle pattern breakout and achieved first target
As per 20/07/2020 US crude oil forms Triangle pattern in 15 mins Time Frame. Based on breakout either you can go for a long or short after 5 mins candle confirmation
TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the...
The stock is currently in 375 range, which it has faced resistance many times in the past. If it crosses 380 zone with good amount of volume , we can consider long in this. Levels have been mentioned in the graph. This is as per my analysis. Happy Trading. Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment...
The RSI is also in the overbought (>70) zone and hence once it rechecks the marked level in the chart one can easily take a BUY call. Target : 3% Risk : 1% Risk : Reward : 1:3. Will keep updated here. Do follow to keep motivating you ! Also you can follow me on Quora (Jago Niveshak )where I will explain the whole setup and levels to BUY for two stocks for 7th July 2020
NSE:WHIRLPOOL Reason Being: 1. Formation of Triangle pattern and Expected Upper Breakout. 2. Stock is Forming Higher High Pattern in Daily Time Frame 3. The stock has faced Resistance in the zone of 2125 - 2170 and has been tested multiple times. Every Price Action Pattern after breakout provides some Target Range and according to Triangle: Entry Price: Above...
Please refer the image as I have given the levels of retests and rules. Follow them for a successfull trade.
I have added all the necessary points in the chart , please refer and ask any doubts apart from that. Regards, -Abhishek
An diminishing triangle pattern has formed between the trend line (in orange) and the support line (again in orange) at 75.2. 75.2 is a strong support and has supported the scrip 4-5 times since 8th June. I am betting slightly higher on the breakout happening on the downside. The second wave has led to serious outflow of USD to other currencies (EUR, YEN, CNY). ...
NSE:MFSL #MFSL Triangle BO possible, Ichimoku Bullish, Cup Handle CHART BY HarmonicTrading™
Godrej Consumer Products has broken out from a triangle pattern on 15 mins time frame. Initiate long. Target : 675 Stop Loss : 650
NSE:TATAPOWER comment ur ideas
We can see a clear ASSCENDING WEDGE PATTERN FORMATION on AUDCHF Currency Pair In D1 Chart which may result in breakout either side, our prediction is that it might break downside itself because it has just now retested a heavy resistance 3 times which can even be considered as a TRIPPLE TOP FORMATION, But take your trades based on breakouts and enjoy with a...
Manappuram finance has given a breakout from an ascending triangle pattern on Hourly chart. Buy for the targets of 138/140 Stoploss: 112
Wait for a candle to close outside the triangle on long or short side and next day, buy when that particular candle is broken. Target and SL will be posted when trade triggers