Trianglepattren
TRIANGLE breakout in SILVER (XAGUSD)Elliott wave analysis:-
View 1:-
if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern.
View 2:-
If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
Triangle pattern breakout in HDFC AMC:- Alternative viewElliott Wave Analysis:-
As we said in previous view :-
"if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked."
2nd View took place and one correction wave was completed.
we may expect a retracement to the level of 2695 - 2720.
else we may expect an impulse move from here and we need to wait and watch the wave formation.
waiting for TRIANGLE BREAKOUT in BNBUSDTElliott Wave Analysis:-
Waiting for TRIANGLE BREAKOUT. Once the breakout took place then we decide the move of the wave .
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
ITI triangle pattern breakoutITI has broken out of Symmetrical triangle pattern on monthly time frame. Entry above breakout candle high and stoploss will be the recent swing low or for safe traders the stoploss will be the breakout candle low.
Entry-214
SL-87.25
Safe traders SL-118.65
Zim LaboratoriesZim Laboratories- Ascending triangle on daily time frame and all time high breakout.
Silver fallElliott Wave Analysis
A correction is taking place and A wave was completed and B wave was a triangle formation.
If it break the 22.11245 then we may expect to 20.62285 - 21.27841.
NIFTY: Ascending Triangle, At Critical SupportNIFTY had a failed breakout after crossing 20000 and dropped back today to the critical ascending triangle support line. A break below this could signify weakness and bounce above support could lead to upmove. Next few days important.
TATASTLLPTATASTLLP:- Triangle pattern has formed, stock has also given a fake breakout, wait for proper breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SHRIRAMFIN - 50% upside potential - Triangle pattern breakoutSHRIRAMFIN has formed a triangle pattern, given a breakout and is at retracement level, earlier resistance may act as support now.
1300-1330 is a good buy zone.
SL: Daily candle close below 1300 levels.
Target: 1970 levels in 5 - 10 months timeframe.
Note: If it sustains above 1700 levels, it is good to hold for long term with targets of 2300 and then 2800+ levels.
Ascending triangle pattern - IGPL looks good!Here's a breakdown of Daily Chart analysis go NSE:IGPL :
Pattern Description: An ascending triangle is formed, there is a combination of higher lows and a constant upper resistance level. The higher lows suggest that buyers are becoming more aggressive over time.
Buyer Aggression: The pattern indicates that buyers are more motivated and aggressive in the market compared to sellers. This is because they are willing to buy at progressively higher prices, which suggests increasing demand.
Upper Resistance Level: The upper flat line of the triangle represents a level at which there is a supply of shares available. This means that sellers are active at this price level, preventing the price from moving higher. This resistance level is typically horizontal.
Breakout Signal: The key event in an ascending triangle pattern is the breakout. When the supply of shares at the upper resistance level depletes, there is often a strong move upward as buyers overcome the selling pressure. This breakout is considered a bullish signal and is seen as a continuation of the prior uptrend.
In summary, an ascending triangle pattern is a bullish sign in technical analysis. It suggests that buyers are in control, and when the price breaks out above the upper resistance level, it is seen as a confirmation of the uptrend and a potential buying opportunity for traders. However, as with all technical patterns, it's important to use other indicators and analysis methods to make informed trading decisions.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Correction in KOTAKBANK. FLAT (or) TRIANGLE Wave.Elliott Wave Analysis:-
Due to some management changes in bank there are certain fundamental changes taking place. Let the cloud get cleared, until that we wait for the clear sky.
View1:-
triangle pattern.
B wave was formed.
Once C,D wave was formed then we can enter into the trade.
until that we watch the wave formation.
1631 as stop loss we enter into the trade.
once the breakout was completed in upper side we trail our stop accordingly in between waves.
View2:-
Flat correction.
Once it break 1631 then flat correction is confirmed .
Almost B wave was seems to be over.
it may reach 1570,1436, 1267, 1051 will be the support level.
Wait and watch until there is a clear wave formation.
I'm not a SEBI registered advisor.
Kindly consult your financial advisor.
Correction in hindustan Petro.Elliott Wave Analysis.
Both correction and impulse wave we are expecting a correction.
once correction get ended, an impulse wave will enlight the move.
View 2:-
There is also expected an impulse wave i) completed and a correction wave ii) was almost over if raise start then impulse wave iii) is expected to move on.
I'm not a SEBI registered advisor.
Kindly consult your financial advisor.
expanding triangle in NIFTY50. View 1Elliott Wave Analysis:-
one corrective wave W was over and a connecting wave X for complex correction was over.
now the complex correction was forming, a wave seems to be over and an expanding triangle was forming.
This may be a formation of expanded flat correction too.
This expanding flat correction will be updated in another chart.
I'm not a SEBI registered advisor.
Kindly consult your financial advisor.
triangle pattern breakout.Elliott Wave Analysis:-
View 1:- swing trade,
A triangle has formed in the 4th wave Correction wave and it seems to be ready to give an impulse breakout. if it so then the target will be
Target 1:- 4800
T2:- 5150
T3:-6100
Stop loss:-3291
if the pattern had broken up and crossed the 4610 then the stop may be adjusted to 3485.
View 2:-
there may be an alternative view which the triangle may breakout in bottom and it may also go till 2500-2900. we can average at bottom. if long term investor can also think of choosing second view else only 1st view is advisable.
i'm not a SEBI advisor. kindly consider your own analysis before taking the trade or consult your own financial advisor.
KNR ConstructionsThe chart is self-explanatory.
upside potential > 15%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
FCL | Ascending Triangle Pattern Formation | Triangle BreakoutFCL | Ascending Triangle Pattern Formation | Triangle Breakout
Stock shows triangle pattern breakout in weekly timeframe
CANBK 1HTF breakout Canara bank 1hour time frame breakout from a beautiful triangle pattern
Low risk trade
Less stoploss
HAPPSTMNDSTringale pattern setup along with zone defined beyond which it may get the directional move
