Get started

Trianglepattren

Larsen & Toubro - Breakout of Triangle pattern - Swing TradeThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:LTLong
by TradewithAditya
BankNifty - Navigating The Complex Correction in 39695-39275It was all amazing last few days as we have discussing how bulls could be trapped on the top close to 39695- which is one the key levels in the unfolding triangular correction Have been student of astrology for last few years, it happened fortunately that I came across my bible book -American Ephemeris 2020-2030 on last Friday 24th March 2023 & Realised that Moon will be passing through Gemini on 27th March 2023, I quickly updated on Saturday, 25th March about bulls short term trap Wow!!! I was amazed how this structure unfolded It is a triangular correction ---------------till the time 39695 -------key level is intact on upside Trading Strategy Holding Above 39400 - minor support we look for 39630-39650 touching the falling trendline Once final leg upside is done & strictly holds below 39695 highs which should not be breached on upside, Index can drop to below targets 39275 Breaking 39275 - we look for 38925/39000 Thanks Abhishek H. Singh, CMT
NSE:BANKNIFTY
by WaveTalks
11
Triangle Breakout in ABCAPITALFrom past 4 years stock was trading in a downtrend. But some significant changes would have taken place in the company in recent 2 years, leading to price recovery and triangle pattern formation with strong resistance faced around 130 to 140 levels. Stock had given breakout from this level in the month of November with a good volume and started consolidating above this level. On 28th Feb we can observe breakout from this consolidation. Price level of 130-140 should act as immediate support. Ideal Stop loss can be at 122 for Long term trades, for Swing trades SL can be placed around 130. All possible targets are marked on the chart. Looking at the chart from the long-term perspective, there is a possibility of another rally of 70-80% in coming years. We may even witness formation of Rounding bottom / Cup and handle in few years if on going trend prevails. This is just a view not a recommendation to trade. Do your own analysis before making any investment. Share your opinion in the comment section. NSE:ABCAPITAL
NSE:ABCAPITALLong
by varun_devadiga
11
Keep a watch on SymphonyThe stock of Symphony has been following a descending triangle pattern. It has a strong demand zone near 800 levels and currently, its looking to give a bullish breakout from the trendline resistance. Next supply zone is around 1200-1220 levels. The company has also announced a buyback at Rs. 2000/ share. Also, the summer heat might help boost the revenue in Q4 2023. These factors can support the breakout. So, do keep this stock in watchlist as it is currently trading above 200 Weekly EMA and RSI breakout is also done. Idea is shared only for educational purposes and please trade according to your research.
NSE:SYMPHONYLong
by chartistamey
ZeelNSE:ZEEL1! Running news of merger with sony .chart have breakaway gaps with highest volume with previous weekly trendline and triangle breakout. now again forming triangle on weekly trendline support area ,breakaway gap area with bullish butterfly, also having support of monthly inside candlestick low, and divergence on daily chart Buy Zeel above 226.4 add more 218.80 with two days candle closing stop loss of below 200 target will 236.9-247-274-287++(short term ) mid term buy Zeel @ 226-216 two days closing stop loss below 200 target 287- 364-412 long term buy Zeel @ 226-216 weekly closing sl below 199 target 364-562 BOLO JAI GAJANAND
ZLong
by slkingyogesh
4
Banknifty Timepass as Triangle formation In progressIn Elliott Wave this is referred to as Running Triangle whose final E leg pending. E could finish near 41400-350 zones in next session then break above 41680 will trigger rally minimum up to 42400. Analysis will be invalid if breaks 41250 DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:BANKNIFTYLong
by Niftydirection
HCLTECH SWING TRADE ON BREAKOUTThis Is A Pure Technical Analysis Of hcltech 1)The Stock Has Taken An Amazing Support At Fibonacci Retracement Of 50% In Weekly And Daily Time Frame. 2) It Has Been Forming A Really Convincing Cup And Handle Pattern And Currently Trading Above Breakout Of The Pattern. As We Can See In The 15 Minutes Time Frame Picture (please Check The Numbers Marked On The Picture):- 1) The Stock Has Been Consolidating Above Key Support Zone (acting As Support Zone From August 2021). 2) The Stock Is Forming A Triangle Pattern And This Pattern Has A Win Rate Of Over 70%(as Per Google Research). The Breakout Can Be A Triangle Pattern Breakout And A Range Breakout Hence 2 Confirmations That Bulls Are Strong. 3) The Stock Has Formed A Strong Green Candle(extremely Bullish Candle) And Has Closed In The Upper Part Of The Range Above A Key Level(marked On Chart With Yellow Zone) 4) Let The Stock Take A Hit From Sellers (marked Red Zone) And Then Retrace To Take A Support. We Will Enter At The Breakout Of Most Recent High. ENTRY : 1144 SL : 1100 TARGET 1 : 1200 TARGET 2 : 1350+ Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
NSE:HCLTECH
by Shaed61
1
DETAILED TECHNICAL ANALYSIS ON CAPLIN POINT LABORATORIES.Few pointers from my analysis on CAPLIN POINT LABORATORIES: 1. The stock has consolidated in the Triangular pattern and currently near its major support. 2. The major support trendline is near 0.382 Fibonacci level, thus has done healthy retracemet. 3. The Horizontal support is broken on the downside, however on lower volumes. Conclusion: The current setup is awaiting price confirmation by breakout of the resistance on Triangular pattern with high volumes and Breakout of RSI above 50. Overall setup is bullish however entry can be taken prior to the confirmations. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
NSE:CAPLIPOINTLong
by saikrishna9999
Triangle pattern Breakout in SAILTriangle pattern Breakout in SAIL From the past 2 years stock was in a down trend forming triangle pattern. Finally it has given breakout from this down trend on 02/01/23 with good volume. In todays trading session price has managed to close above breakout candle. We can expect a decent uptrend in coming days. All possible targets are marked on the chart. Maintain strict stop loss at 72.5 This is just a view, not recommendation to trade. Do your own analysis before making any investment. Do like and share this idea and share your opinion in the comment section. NSE:SAIL
NSE:SAILLong
by varun_devadiga
5