Trianglepattren
ASIANPAINT - Will it take support or bounce back?ASIANPAINT - weekly chart looks interesting, the stock has been trading in this channel for the past 3 years. Everytime the stock comes to the bottom trendline, it takes support and bounces back.
What will happen this time? Will it take support and bounce or will it break down? Well, time will tell.... but watch out for a good trading opportunity.
HDFCBANK : Likely to form a Symmetric Triangle PatternHDFC Bank is likely to form a Symmetric Triangle Pattern.
Wait for breakout from 1720 level.
#Current Price - 1535
#Expected Target - 2600
#Stoploss - 1650
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
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NBCC: Formed Symmetric Triangle PatternNBCC (INDIA) LTD has formed Symmetric Triangle Pattern and gave breakout already around 43-44 level.
#Current Price - 57-58
#Expected Target - 105
#Resistance Based Targets
- Target 1 - 68
- Target 2 - 79
- Target 3 - 105
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 53.5
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
MANAKSKIA STEELS LTD - Triangle Pattern & Previous ATH BreakoutMANAKSTEEL
1) Time Frame - Weekly.
2) Previous Life Time High was 64. It has been consolidating in a triangle pattern since 2022 & given a breakout in weekly time frame currently.
3) It's a Triangle pattern & All Time High breakout with strong bullish candle & Good volume.
4) Stock will find its next resistance around the price 80 (17%).
5) Recommendation - Strong Buy
KTKBANK / KARNATAKA BANK - Previous All Time High BreakoutKTKBANK
1) Time Frame - Weekly.
2) Previous Life Time High was 194.60 in the year 2008. It was broken on July 2023 & Sustained / Consolidated for 6 months above the price 194.60 and marked a breakout with strong bullish candle and closed at All Time High currently.
3) The next resistance would be in between the price 300 to 314.
4) Recommendation - Strong Buy
WHEELS INDIA - Potential Weekly breakout - Add to watchlistWHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements.
Price Targets:
In the event of a confirmed breakout, traders might consider setting price targets based on the height of the triangle pattern. TARGET 1 & TARGET 2 mentioned in the chart.
SBICARD on Long Term Support Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: SBICARD
🔍 Description: Stock is around its strong support.
Huge upside is possible if prices gives breakout.
We can easily see 60-80% upside from hereon.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.