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Trianglepattren

SYNGENE INTERNATIONAL : STRENGTH OF 2.5 YRS OF CONSOLIDATIONSyngene International Limited is an India-based contract research company. The Company is engaged in providing services from early discovery and development to commercial manufacturing for small and large molecules and a Market Cap of Rs. 24,500+ Cr. The chart is moving within a limited range since 2020 , for almost 2.5 years. Though the range is high but is limited , from 510 to 680. The stock remained untouched from the relative movements in Pharma Sector as well as market as whole. The stock is now consolidating. When a stock is ready to come out any range, the bottoms get higher and higher as we seen in the chart , the bottoms are getting higher since Jun 2022. We are seeing Symmetrical Triangle Pattern. We see breakout of this pattern last week and since then the stock is consolidating. The next resistance is from 650 to 690, which is stock's life time high. If the stock crosses this level, there is possibility of a new trend , strong trend , with a gained momentum of last 2.5 years. Symmetrical Triangle is completed and is already broken out , pattern is strong , high consolidation of 2.5 Years and 50 EMA Support , all these factors , indicates a break out in of this chart. Entry @ CMP : 609 Targets : 650 , 690 , and if breaks the range (high possibility ) thereafter a new positive trend ... Stop Loss : 605 This analysis is only for education purpose. Please do your own analysis before entering into any trade and trade at your own risk. Best Of Luck !!!
NSE:SYNGENELong
by chakraveer1104
Triangle Pattern breakout in CamlinFrom the past two years stock has been forming triangle pattern, finally it has given breakout from this pattern with good volume. From the current price level price may correct a bit as we can expect profit booking at this level. If price closes above 181, we can expect a bullish momentum in the stock. All the possible targets are mentioned on the chart. Stop-loss can be maintained as 150/121 depending on your risk appetite. This is just a view, not a trade recommendation. Do your own analysis before making any investment decision. Do like, share and comment your view on the chart. NSE:CAMLINFINE
NSE:CAMLINFINELong
by KaravaliTradingZone_Official
2
AMBUJACEM- Relative Strength says SELL!Attached: Ambuja Cements/ Nifty 50 Daily Chart as of 19th April 2023 A Classic Triangle Setup is visible in the above Ratio Chart The Breakdown of this Triangle would result in the Ratio Selling Off (AMBUJACEM accelerating its Underperformance vs. Index Nifty 50) Hence this makes the Stock a Sell Candidate based on Weakness Well if you also look at the Price Chart which I have not shared here but it also has a Classic Triangle Setup with a Bearish Bias just like its Ratio Chart
NSE:AMBUJACEMShort
by T_Harth
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 KaravaliTradingZone_Official
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 YOGESH_KUMAWAT
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