Trianglepattren
Symmetrical Triangle Example using Adani EnterpriseNSE:ADANIENT has created a symmetrical triangle on the chart. Most of the time symmetrical triangle is created when stock is moving side ways (neither moving in up trend nor in down trend). Stock can move to any direction once it comes out of triangle hence it requires caution before placing trade. If stock breaks out (on upper side) than we may see up trend from that point. If stock breaks down (on lower side) than we may see down trend from that point.
Godfrey Phillips India: New MoveNSE:GODFRYPHLP consolidated for a very long time. A beautiful triangle pattern that took months to form. The breakout came during the day of results (but before the results were announced in the evening). Next morning, there was no catching the stock. It has now moved to near All Time High levels and one can keep a very small stop loss at 2030-2000 and go long in this share. Strong Fundamentally and Technically.
Nifty50 Analysis! Triangle Breakout!Nifty 50 Daily Analysis!
Trinagle Pattern formation in Nifty50!
Triangle Pattern Breakout in Nifty50!
Nifty50 formed a Triangle on a daily Timeframe. Today It has given breakout and closed above the resistance trendline. We can expect further upmove in Nifty50 in upcoming trading sessions. Rest of all Analysis is on the chart please take a look.
Entry = Depends on how market opens on Monday
Stop Loss = Below 18337.75
Targets = 1) 18612.70 2) 18740.15 3) 18949.90
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
Banknifty ( next week contract )Banknifty ( Next week contract )
More probability is there for " 44500 "
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For " long "
entry:44950
target: 45180 / 45500
stoploss: 44900
.
For " Short"
entry: 44740
target: 44550
stoploss: 44950
.
Enter only if market Breaks " S & R Zone "
"Yellow box" mentioned.
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.
Banknifty Next contract (13/07/2023 )Banknifty ( 13/07/2023 )
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For " long "
entry: 4250
target: 45500
stoploss: 45000
.
For " Short"
entry: 45050
target: 44750 / 44500
stoploss: 45150
.
enter only if market Breaks " No trade zone "
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.
Triangle pattern Reversal in L&T Techonology ServiceL&T Techonology Service Ltd
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of triangle Pattern .
📊 It can give movement upto the Reversal target of Above 3568+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 4720+.
📊 Can Go Short in this stock by placing stop loss below 3325 or last swing Low.
Nifty AnalysisIn this assessment I will try to answer a few questions:
1️⃣where is the market trading?
It is trading near its all-time high 18887.60
2️⃣How it is behaving near this resistance?
🚩It reacted sharply from near the resistance level but took support near a previous swing low of 18670.
🚩Then it rallied even much sharper back to the resistance and this time the reactions have been not that strong.
🚩It seems consolidating/absorbing whatever supply is left near the highs.
3️⃣Is there any pattern or range that can be traded?
🚩Yes, there is a triangle pattern formation as shown in the chart. It is probably best to buy near the lower edge and wait for an up move.
🚩There could also be a range formation in which market can oscillate for a while. This range is between 18780 (an important support-resistance level) and 18875-18900.
4️⃣Is there any chance of massive crack from all-time highs?
🚩At this point of time I don’t see any indication of a fall. As I said that the reactions are getting smaller, and price is hugging the resistance zone. There are higher chances of a breakout in the direction of primary trend on the weekly timeframe (see chart on the right).
5️⃣What should be the trailing SL to protect gains in the market?
🚩The swing low of 18660 could be a good stop loss to protect or lock the gains (if any) in the markets.
Do like🚀 share 🔊 or comment 📃 for more such ideas in future.
Disclaimer: The views shared above are not a trading or investment advice. You need to apply your due diligence before investing your capital.
Is Raymond Ready For Bullish Breakout?Howdy Traders,
Raymond Ltd is exhibiting a triangle pattern, accompanied by a value area that helps maintain a balanced supply and demand dynamic.
The level of 1610 holds significant importance for bullish investors. A successful breakout above this level is expected to propel the price toward new highs. Traders may consider setting their target price as high as 1700 .
ELGIEQUIPELGIEQUIP:- Triangle pattern is formed, wait for trendline 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.