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Triangularpattern

Laxmi Organic, Chart Structure and Important LevelsThe price is following a symmetric triangle pattern. Now the price is trading near the lower leg and, the convergence and degree of ema bands also indicates a downtrend could continue. Also its important to mention that the breakdown or breakout of a triangular pattern indicates the start of an trend, but for confirmation of a downtrend the price has to breakdown the level of 270 and for confirmation of a uptrend the price has to breakout the level of 300. Currently we are in the neutral zone. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes. Thanks Er. Simranjit Singh Virdi
NSE:LXCHEM
by ssvirdi
Comex Gold - Are we Ready for Boom (Triangular Pattern)Educational Video : Triangle Pattern Unfolding Realtime Triangle is an Elliott wave pattern seen during sideways market consolidations, it is composed of 5 corrective sequences. Triangle presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility. What Next? Thrust Possible beyond 2015$ & Comex Gold can attempt previous highs of 2075-2078 zone. Thanks for watching
Editors' picks
COMEX:GC1!
by WaveTalks
6
Can XUV 700 Be A GAME CHANGER For M&M ?After consolidating in a TRIANGULAR PATTERN M&M has shown a breakout on weekly time frame chart. Once it starts making a higher high and higher low pattern on the daily time frame breaking 792 levels it can give a whooping 22% return. Levels for trading: Buy if it breaks 792 with a good volume on a daily time frame and sustains above it for the week. S.L. - Closing below the triangular pattern. AUTO SECTOR has completed the corrective pattern of a-b-c according to the elliot wave theory and can start the impulsive wave on the longer time frame. If you like my work please do hit the like button and follow me for more such content ahead!! Happy Trading
NSE:M_MLong
by keshevdugar
WEDGE-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: In volume profile we can compare the levels of volume at different price levels historically and current price levels to try to find the strength of current move and strength of the resistance it might face. If the up-move (currently) and its previous accumulation's volume is very high compared to the volume of its historical resistance level it means we have more strength in up-move and weak resistances can be crossed. IMPORTANT OBSERVATIONS-: 1. Stock was declining for a while. 2. Gave a nice falling wedge or triangular pattern breakout and started rising. 3. Recently accumulated over a range and then gave a breakout. 4. Has retraced a little with low volume and thus has given us an opportunity to enter with confirmation. 5. The volume of the accumulation level is too high compared to the volume at its all time high, which shows its a weak resistance level and there is a high chance it will be broken. TARGET WITH LOGIC: Since all-time-high has a weak resistance we might make a target farther than the all time high. Since the up-move is strong and accumulation has nice volume. So a Fib Extension target of 168% makes sense since , since the rally started the recent accumulation has more volume than ever before so the current expected up-move should be more than the previous rally. So 168% MY APOLOGIES-: Of course the best entry would have been after breakout of the wedge pattern with confirmation but I had not come across the stock at that time due to my negligence. (See my other recent posts, some of them have recently given wedge breakout with good opportunities) ENTRY and STOP-LOSS Entry at CMP above 90 level with a conservative stop-loss at the support of accumulation which is at 65 would be better than an aggressive stop-loss. Enter only if next time the entry price gives a reasonable RR ratio as per your strategy. Keep trailing stop-loss. One of the ways is to use Moving Average with Average True Range(14) (ATR) as buffer. EXIT IF there is bearishness near the all time high, a trailed stop-loss should be at place and obeyed. Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
WLong
by VPA_TRADER
ACCUMULATION-TRIANGULAR-BREAKOUT-VOLUME-PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place. OBSERVATIONS-: 1. Triangular Breakout and then resistance at 884 level. 2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened. This time its highest. 3. I would bet another round of accumulation is happening. So breakout above 884 level will confirm the accumulation and long position can be taken ENTRY-: Confirmatory breakout above 884 level. TARGET-: Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1270. STOP-LOSS 784 was a short-term resistance level. So somewhere below 784 would be a good stop-loss. Keep trailing stop-loss EXIT Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:ADANIPORTS
NSE:ADANIPORTSLong
by VPA_TRADER
7
NBCC FALLING-WEDGE-BREAKOUT PRICE ACTION VOLUME PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place. VALUE REGION-: The violet region highlighted in volume profile is called value region. This is where 70% of total volume of the volume profile lies. It means this region has value so, many transactions took place. Firstly-: NBCC fell steadily and nicely for a prolonged time in a wedge like formation (triangular). Recently Falling Wedge Breakout has happened. Moreover price has been rising in a small up-sloping channel making higher highs and higher lows. In wedge pattern the trend lines have been tested at least 3 times. So the breakout is strong IMPORTANT OBSERVATIONS-: 1. Recent Volume is extremely high as compared to volume when stock fell and since the price is rising making higher lows so definitely its an accumulation and soon there will be breakout and uptrend. 2. The upcoming region 50-70 has relatively high volume. This means the stock may stay there for a while or within that level it might face multiple resistances. Moreover 50-70 was previously an accumulation region. 3. But above 70 level volume of stock falling is very very low which means there is weak resistance. So once the stock breaks out of 70 level it might smoothly move upwards. TARGET WITH LOGIC 1. Since the all the time high level, 146 NSE:NBCC stock has been falling with very low volume . While now the volume of accumulation is too high, so there is a high chance it can easily reach the all-time high. Moreover it might even go more than that, but it depends what happens after the breakout. ENTRY-: 1. A risky entry would be above 50 level since 50-70 is in value region, so stock might face multiple resistance , or it might stay there in sideways and you want have capital appreciation 2. A better entry would be confirmatory breakout above 70 level since its a very strong resistance level and its less risky. I will update here when breakout happens STOP-LOSS If your entry is above 50, 25-30 is a good stop-loss region. If it is above 70, 50 would be conservative stop-loss. Stop-loss is deep but if your expected return or target is high, you have to put conservative stop-loss to avoid being stopped out unnecessarily. Since its a intermediate-term swing trade, a conservative stop-loss makes sense. **STOP-LOSS should be trailed as per your strategy. One of the best is to trail with Moving Average in 1D timeframe with ATR( Average True Range ) as a buffer. EXIT Sometimes we have to exit before target is reached if there is bearishness. Following can be the clues of bearishness-: 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit 4. If you want , you can keep a target level lower than the all time high and exit at Target. Possible levels are 100 and 120. **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:NBCCLong
by VPA_TRADER
1
APLAPOLLO,TRIANGULAR BREAKOUT, PRICE-ACTION,VOLUME-PROFILE 1DDisclaimer -: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile -: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case Firstly NSE:APLAPOLLO has been rising smoothly for a long while now. In between small accumulations have taken place, marked in violet regions where volume was significant as shown by volume profile. Recently a triangular pattern was spotted with trend lines tested at least 3 times (4). As a result those are strong trend lines and if broken have a nice chance to continue the up-move. Recent volume inside the triangular region , marked in violet in volume profile is not so high compared to the volume that happened during huge accumulation which confirms that the current region was a pause and not a distribution. If it were distribution we would have a huge selling volume at least of the previous accumulation magnitude. TO SUM UP 1. Triangular pattern in 1D timeframe with trendlines tested at least 3 times 2. Previously a nice uptrend 3. Current region is just a pause 4. So continuation of trend expected after the breakout. TARGET WITH LOGIC 2-3 accumulations have happened since the uptrend started. Regions marked in violet. So since the current volume is comparable to region between 15Oct-8Dec 2020, it makes sense to assume that the trend continuation will be longer than what happened since then because there has been another accumulation 1Jan-2Mar 2020 after that. That is more the accumulation, greater the strength, so the more the move. So I used a Fib Extension from that level till now and chose a 168% as target. But this target is above all-time-high so its a provisional target level. Entry Confirmatory breakout above 1400 level in 1H timeframe or as per your strategy. But confirmatory breakout above the 3 times tested trend-lines is mandatory and less riskier. Stop-loss A conservative stop-loss will be better since the triangle is a very narrow one. Since 1050 is a nice support levels and just above the previous accumulation during 1Jan-2Mar 2020, so i would prefer the stop-loss around that level. EXIT Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit Note-: it gave a nice breakout recently in 1H timeframe and has retraced a little. For those who are already in, it seems like breakout was not fake and there is high chance the breakout will continue since the retracement was weak on price action and volume For those who haven't taken position wait for the next breakout to avoid unnecessary risk. **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMPS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:APLAPOLLO
NSE:APLAPOLLOLong
by VPA_TRADER
HINDPETRO, LONGTERM BET, PRICE-ACTION,VOLUME-PROFILE,TRIANGLE 1WDisclaimer -: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis . So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 3. Do ask your questions in the comments if any. Firstly From 9th May 2016 to 31 July HINDPETRO went up. Then it fell and in between consolidated. It hit (took support ) at the 164 level multiple times (3). The trend line is also hit 3 times at least. So these are strong and valid trend lines which forms the Triangular Pattern. Recently we saw a breakout from the triangle pattern. Then a small and healthy retracement towards the upper trend line and then the up-move was continued. 200, 280 and 330 are important levels for Support and Resistance. Volume Profile -: can be used to identify potential support and resistance lines. So by using TRADINGVIEW PRO FIXED RANGE VOLUME PROFILE . I tried to identify all the important levels (resistance) while the stock was falling. 2. Moreover when volume of historical price levels is compared to current ones we can identify probable accumulation or distribution regions and enter before the big move happens. 3. Also if we compare the falling volume with rising one, we'll be able to ascertain the strength of the current move and potential resistance levels. 4. If the volume in direction of up-move is way more than the volume of previous downfall then its easy to break the resistance levels and move forward. So in such stocks investing has lesser risk and greater chance of capital appreciation IMPORTANT OBSERVATIONS 1. Current Volume is very high compared to previous volume when the stock was falling. This signifies current region is important and breakout from this region will give a strong up-move. Moreover there has been a breakout from a triangular pattern whose trend lines have been tested at least 3 times which further confirms impending strong up-move. 2. Above 330 level the volume at prices is relatively very low which means there are insignificant or weak resistance levels. That means once breaks out of 330 level we should expect a strong rally with less and weak obstacles(resistance). 3. We need to consider the volume from only 31Jul-17 to 16Mar-20 because that's the time when stock was falling. DEFINATION 1. POC-: The red line is called Point of Control . This is the price level with max volume i:e price level where max transaction has taken place. In this case, clearly the POC is a very important support level since if prices come back to this level there will be enough buyers available to protect from further falling. TARGET WITH LOGIC 1. Since the all the time high level, 485, stock has been falling with very low volume . While now the volume of accumulation is too high, so there is a high chance it can reach the all-time high. Moreover it might even go more than that, but it depends what happens after the breakout. MY APOLOGIES I was supposed to post this chart a while before but wasn't able to, still there is plenty of space and chance to enter now with risk management ENTRY 1. Entry above 280 level at CMP is good enough since 280 was one of the resistance levels. But in this case stop-loss should be placed conservatively at around 208 level because that's the recent low and as well as the POC. Since it is a long-term bet, placing tight stop-loss is like deliberately inviting failure. So a conservative and wide stop-loss will be better. 2. Another way is to enter after 330 level breakout for those who want extra confirmation. 3. Third and always the best way is position sizing. Enter partially now and add more with confirmation. *STOP-LOSS should be trailed as per your strategy. One of the best is to trail with Moving Average in 1D timeframe with ATR( Average True Range ) as a buffer. EXIT Sometimes we have to exit before target is reached if there is bearishness. Following can be the clues of bearishness-: 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO LIKE AND FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:HINDPETROLong
by VPA_TRADER
1
TRIVENI TURBINE Triangular pattern breakoutNSE:TRITURBINE Levels are Mentioned in the chart... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
NSE:TRITURBINELong
by tradingrhythm1