Triplebottom
Hindpetro | Trendline is about to get break 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Long Term trendline resistance
2) accumulation can be seen clearly
3) there is a inverted Head & shoulder pattern as well
4) stock has made triple bottom as well
5) Volume is good enough
6) Targets are based on resistance zones
👇👇HEAD & SHOULDER PATTERN 👇👇
👇👇Triple BOTTOM 👇👇
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Will ITC be mooning soon? Buying opportunities..Looking at the chart, 234-240 had been a crucial level for ITC. For carrying up further or taking positions we might want to see its reaction to this zone. So, Go LONG if ITC sustains over this range or consolidates as it can give a good move towards 300 or above. Somehow if ITC breaks the zone towards downside, you might want to average out or buy at dips b/w 204-216. ITC must sustain over the current zone or show rejection from sellers for further rally. Before this huge move it had also formed up a Triple Bottom few days back that showed reversal and so it went pretty well. Here we will be getting up nice buying opportunities according to the setup.
Cup and Handle + Triple bottom on IBULHSGFINI see a Triple bottom and a cup and handle pattern on IBULHSGFIN , weekly chart.
Need to wait for the neckline to break (240) before we consider the stock to be bullish
First target will be 292 (3rd bottom's depth)
Second target will be 338 (2nd bottom's depth)
Estimated time will be 3 to 5 months
This idea is only for education purpose, NOT for trading.
BERGERPAINT 1D TF SWING TRADING SETUPWhy take this trade?
A triple bottom breakout on the daily charts after retest + today's candle taking support on the rising trendline (higher lows connected) + good volumes
When to initiate entry?
The candle needs to close above 814.10 at the end of the day
Exit?
SL is 5% below the breakout level
Target - width of the pattern projected from the breakout
R: R?
2.6
PEL swing trade ideaA triple bottom pattern is being formed with stochastic RSI and MACD divergence. Price has even given a breakout of 50 ema along with strong volume. Buy above the neckline of triple bottom pattern.
USHAMART | Triple bottom | Breakout | Long termThe stock reflects the classic triple bottom pattern which I initially began tracing as cup and handles only to notice later that these multiple back to back cups are actually a triple bottom pattern.
Classic price target {The breakout level + height } has been successfully achieved.
The strong back to back bullish candles with huge volumes and a aggressive MACD supports the long term trend which also confirmed by the 2.5 year resistance level breakout.
IOC | Long Term Trendline Breakout with Volume 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy above =102.60 or CMP
--Target = 116.80 | 143.40
--Stop-loss = 84.80
--R:R =2.76
--Expected Profit = 39%
--Expected Holding = 1-3 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Long term Trendline Break with volume
2) Long Term Resistance Breakout with volume
3) Volume is perfect
4) Stock has given the Triple Bottom Breakout
5) Fundamentals will support the stocks as well
6) Target is based on pattern height & S&R zone basis
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ITC | Triple Bottom Breakout | Detailed Analysis here !!🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy above =210.45 or CMP
--Target = 235 | 257
--Stop-loss = 196
--Lot Size = 3200
--R:R = 3.27
--Expected Profit = 1.50,000 ₹ per lot ( 22.43% )
--Expected Holding = 1-3 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) ITC has given the Big Breakout of Triple bottom pattern
2) Retracement is done with big rejection in downsides at support
3) Target is based on the height of the pattern
4) Volume is also good as well as fundamentals
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Analysis (2) 👇👇---------Trendline Breakout ----------👇👇
Yesbank | Triple bottom | Accumulation > Breakout > Big rally 🎯🎉🎉HAPPY NEW YEAR 2021 to all the Tradingview Members 🎉🎉
Investment Trading opportunity ! Monthly Chart Alert !!!
--Buy above =18.00 or CMP
--Target = 44.95
--Stop-loss = 10.55
--R:R = 3.62
--Expected Profit = 149 %
--Expected Holding = around one year only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) yesbank has formed triple bottom pattern at major support zone
2) History is repeating it self as it already shown same for 2 times
3) Accumulation is done & breakout as well
4) Volume is also good ....need to check the fundamentals as well
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