Ready to break the trendline. Probably tomorrow.This stock is in Descending Traingle pattern but it shows the signs of breaking out above the trendline. Expecting an Elephant bar soon because of the green volume spike on 6th Jan.
LongDescending Triangle
Long
HDFC LIFE INTRADAY ANALYSISDESCENDING TRIANGLE formation in HDFC LIFE.We can short after breaking 50ema and 668 levels .and make 200ema as target 1.For long entry it should break the trendline. Targets are mentioned in the chart itself.
TITAN INTRADAY ANALYSISWe can see DESCENDING TRIANGLE formation in descending triangle. Short entry should be made below the 200ema.Targets are mentioned in the chart itself.
hindustan foods ltdshare name : hindustan foods ltd
call type : poistional
- share is consolidating in a range and forming a
descending triangle
- Inside candle on Weekly time frame
- 2120 - acting as a huge resistance if a breakout
comes. we can see good targets of 2550,2800
sl 1800
Thanks
Long
NSE:RBLBANK Descending triangle !!NSE:RBLBANK
#NSE:RBLBANK formed descending triangle
All the possible levels mentioned on chart !!
Long
Descending Triangle Pattern - Breakout !! Positional Call.
Circuit to circuit Mover. targets expected in short run
Long
tata power longif tata power breaks the resitance level of 230_232 and sustains on a daily time frame over it
then its a proper breakout t1-260 target 2 - 300
for educational purpose only
im not a sebi registered person please ask your financial advisor before entering
Long
nbcc india ltdshare name : nbcc india ltd
call type : poistional
- share is forming a descending triangle
- a good consolidation can bee seen between 50
and 40
- 50.50 is acting as a good resistance, if 50.50 is
taken out we can see the targets of 60 and 69
- we can accumulate this share above 50.50
with sl of 46
thanks
Long
HDFC Bank, Descending triangle BO candidate RSI BO, Descending triangle BO candidate..though RSI is around 47, wait & watch, keep on radar
Balaji Amines Descending triangle BO on daily/weekly chartBalaji amines, on daily chart..RSI BO, Descending Triangle BO, Volumes for today were very good, strong closing, RSI is close to 60 good strength, Small resistance at 3600...weekly chart also looks good
Long
NSE:WIPRO Descending triangle NSE:WIPRO
#NSE:WIPRO formed descending triangle and BO may give positive results.
710 CE
Long
DEEPAKNTR Trade Setup For TodayIntraday pick for Today - 31-12-2021
stock name : DEEPAKNTR
Time frame : 15 minutes
Wait for proper breakout and retest for entry.
For more trading content follow us on ( @tradechefofficial )
DRREDDY with Descending TriangleDRREDDY after sharp fall due to weak Q1 results, now consolidating with descending triangle pattern. Took support near 4450-4490. now lets see whether it breaks support or bounces up to break descending resistance line..
NSE:SARLAPOLY Descending triangle BONSE:SARLAPOLY
#NSE:SARLAPOLY Triangle BO
Reach me for any clarifications or levels...
Long
IRCTC - Evening star on 24/12 - Descending traingleIRCTC is making a move and has already formed a H&S in the past, currently it is saturating within triangle.
On Friday (23/12) it has formed an evening triangle which can move the price downwards.
FSP
Buy Indiabulls Housing FinanceIt formed a descending traingle but it gave an upside breakout with high volume. Also after the breakout it touched the resistance-cum-support line but didn't go below that line.
Target 1:- 290+
Stop Loss:- 220
ILong
Cadila Healthcare is showing weakness in hourly chartCadilaHC has given a breakdown from a descending triangle and a confirmation is awaited in the hourly TF. Potential Target of 425 and thereby it could retest the support zone at 425 level, view is negated above 465
CShort
WHICH WAY COULD THE MARKETS GO FROM HERE? (BANKNIFTY)The global cues lately have not been the best and markets are correcting quite aggressively lately. BankNifty has corrected a little over 15% and Nifty close to 10%
The pattern I am observing now is a triangle pattern, with both an upside possibility as well as downside.
The trade plan:
Bullish:
Entry upon breakout above higher trendline (36,650)
SL: 36,050
Target: 37,850
Risk-Reward: 1:2
Bearish:
Entry upon breakdown below lower trendline (35,900)
SL: 36,500
Target: 34,700
Risk-Reward: 1:
Nitin Casting under Descending TriangleAs seen in the chart, Nitin Casting is trading under a Descending Triangle in the daily time frame. Any of the two -> break out above the upper trendline or break down below the lower trend line should be considered for further direction of the price.
Do Note: Break out or Break down will be considered as close price of a daily candle.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before takin
Descending triangle pattern in BankniftyDescending triangle pattern in Banknifty seen in 15 mins chart, very interesting junction to see if it goes down further or will bounce back ???
Hero moto case studyHERO MOTO SPOT CMP 2675
HARMONIC STUDY
TIME FRAME :- HOURLY
Bullish Bat pattern formation on hourly time frame.
PRZ in range 2670-2640
Reversal confirmation above 2730
pattern violation below 2600 levels
Upside retracement levels of 2780-2815 possible
Triple bullish divergence on RSI where price made lower low 3 time and RSI made higher lows
RSI have given breakout and retest of falling trend line and now on verge to break above previous high levels, indicate bullish price action ahead.
Des
Long
BankNifty Analysis for Upcoming Weeks Hi Friends,
Pranam,
Now we are going to analysis the BankNifty for coming weeks:
In Weekly TF:
Refer the Image,
1. Bearish Flag Pattern evidence
2. Index Closed in Support
3. Dynamic Support was in the range of 34435.13 & 32611.27 as per EMA50 & EMA79
4. MACD was Flatten
5. Stochastic RSI as per my View was nearing oversold Range.
6. ATR was average.
Long Term trend is Bullish as per EMA200.
In Daily TF:
1. Falling Wedge Pattern formed
2. BankNifty was in the support zone.
3. Index
Short
TV18BRDCST LONG #priceaction #TV18 Multi time frame analysis
price action
stock - TV18BRDCST
Monthly TF - traingle pattern ( with stright support line , and descending resistance line )
weekly TF - same as Monthly TF
daily TF - ascending channal pattern
breakouts - already happend in Monthly tf and weekly tf .
- the new channal in daily tf is about to give breakout .
entry - Once breakout happens in daily tf of channal pattern . we can enter .
target - first big resistance in weekly and monthly tf .
sl -
TLong
Descending ‘MARUTI’Today Maruti Suzuki’s Chart indicates a Descending Triangle pattern. But it will take time to complete the formation and get results. I believe one should use ADX and trade when ADX value goes above 25 along with the breakdown of the trend…
If both of the conditions satisfy it will be a great trade believe me!
NSE:MARUTI
