How to identify an Ascending Triangle on chart and what does it mean?
Let’s understand this with current chart of NSE:HAL (dated 21-Aug-2023).
• Ascending Triangle is a bullish formation that generally gets formed during the uptrend and confirms the continuation of uptrend.
• Ascending Triangle pattern indicates the accumulation and gives bullish buy...
HAL, a defence sector company has seen a steady increase in P&L and top-line. EPS has increased from 97 in 2021 to 180 in 2023. With Govt. push on defence sector, HAL will play a major role.
From Technical side, HAL is showing a bullish flag patter, and is currently in consolidation phase. The next move is expected once the flag resistance i.e. ~4000 is broken....
simple ORB strategy....i will buy near EOD if the price trade above the blue line..after enter(SL) red line below close candle in D' chart i will come out(MY SL) .....target minimum 12% and above
its just my view educaltional purpose only
The picture is self explanatory - keep in mind results coming up. BEL results were good and the sector is doing well. It should have rallied yesterday but was kept down by call sellers (below 3900 strike). Market is kind of soft right now but long term bull market is still intact, so please be cautious.
Disclaimer - 95% of traders lose money to the top 5% of...
Stock possibly in distribution mode and struck is in a range
Tricky as teh divergence is getting digested , a 50:50 trade with a bearish bias
Level plots available on the chart
-- formed ascending triangle pattern
--Strong BUY call
--first target 4100+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do...
#HAL trading above Resistance of 3917
Next Resistance is at 4843
Support is at 2660
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
The chart is self-explanatory.
upside potential > 10%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
Entry: 3950
Target: 4850
SL: below 3790
Pattern: Pennant
EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
Pennant: Price breaking out from 5 Week contraction.
Rise: Price Up by 30% before forming Pennant pattern.
INTRADAY TRADE
HAL Looking good for upside..
When it break level 3872 and sustain.. it will go upside...
BUY@ 3872
Target
1st 3897
2nd 3920
HAL JUL FUT – 4 LOT (Qty-1200)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
The price has successfully retested the breakout level and chart analysed on follow factors :
- Candle Analysis
- Support & Resistance
- EMA
- Ascending Triangle
- Volume Build-up
- Channel Pattern
- Retest of Breakout Level
Thanks
-AJ
Disclaimer : The chart analysed for educational purpose only.
