Ascending triangle patterns are bullish, meaning that they indicate that a security's price is likely to climb higher as the pattern completes itself. This pattern is created with two trendlines. NSE:NAVNETEDUL
It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing...
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
How to identify a Symmetrical Triangle correctly
1.The sides of the triangle slope equally (that's why it's symmetrical)
2.The triangle has lower highs AND...
The stock trading at its previous years all time highs of october 2017
On weekly time frame WTF
If the stock break its levels of 128 at closes it above on WTF
then we have to wait for some consolidation on that level and breakout
then there was a good entry point in this stock
ALWAYS FOLLOW YOUR TRADING & R:R RATIO
HAPPY TRADING NSE:FEDERALBNK
The stock trading at crucial level if its break the resistance 322 EOD
Then we can initiate a good move in this stock wait for clossing EOD
If stock breaks the level then it is good stock to buy for both time frame DTW & WTW
Always follow Your R:R Ratio
NSE:PCBL The Stock Is At Crucial Level to Breakout from 145
Then this stock gives further move
In the chart we can see hidden trendlines
we can only take long trade after the breakout of 145 levels