Symmetrical Triangle
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JKIL | 25% potential | Good R:R | Moving average confluenceCMP- 205
SL- 190 (closing basis)
Target- 250-260
20/7/21
-Symmetrical triangle breakout and now retesting
- Stock from 200 level gapped down massively in the past and now symmetrical triangle and gap breakout seen last week with VOL surge
- More than 30% delivery were taken past week
- Parameters positive
-Above major EMA's on weekly and daily
Trading SYMMETRICAL TRIANGLE, PHALASymmetrical triangle is a continuation pattern which if formed in uptrend or downtrend shows continuation of the trend.
Gave a breakout and now it is in retest zone. ACCUMULATE only if it sustains or closes over the respective zone or wait for a green confirmation candle. Happy investing!
ADANIENT : Swing trading opportunity!NSE:ADANIENT has given a breakout of symmetrical triangle pattern and currently retraced to its breakout level. The stock has also taken confluence of support from previous resistance level and Fibonacci 50% retracement level. The stock looks good at CMP with minimal stop loss and maximum reward. This is a little risky bet but looks good to me. If you notice the stock has also formed kind of W pattern.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please
BSE Ltd : Swing Opportunity with good Risk Reward setup NSE:BSE look good to long at CMP. The stock after a good breakout from symmetrical triangle , has now retraced to the breakout level. Volume on the downside are very minimal as mentioned in the chart which implies there is no bearish pressure. The stock most probably will rally from here however the overall market should support.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trad
CAMS : Perfect Risk Reward Swing Setup!NSE:CAMS has broken out of symmetrical triangle pattern / cup and handle pattern with good volume. The stock has now retraced to the breakout level and looks good for further upside with minimal Risk and good Reward. One can enter at the current market price as the stock looks good in the short term.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
INDUSIND BANK ready for a ride?INDUSINDBK(INDUSIND BANK) has given breakout from the symmetrical pattern it has been forming for the last few months, and it has closed above the resistance level as well for the day. If it closes above 1070 levels, it might rally to further highs.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
BREAKOUT OPPORTUNITY : BANKNIFTYAt this point of time , everybody is exhausted with the intraday volatility in nifty and bank nifty. But if we take a look at a slightly bigger picture then we can clearly see the formation of a symmetrical triangle in banknifty . This is a good opportunity for intraday and swing traders as good momentum on either side (short or long) can be achieved after the breakout of this triangle formation.
Trade should only be initialized after we get closing of a candle breaking the trendline with power
A SYMMETRICAL TRIANGLE TRAP VARIATIONTriangles are one of the best continuation patterns. They are normally seen in the middle of a trend as the price halts and rebuild energy to resume in the direction of prevailing trend.
In this particular variation shown on the chart, the price breaks against the trend. It would look like as if the pattern is about to fail but the breakdown ends up in a trap. It traps most short sellers on the wrong side of the market at 6. The price then shoots up with strong momentum leaving no choice for th
Symmetrical Triangle in INDUSIND BANKWe can see a formation of a symmetrical triangle in the INDUSIND BANK 4 hours timeframe chart. This setup looks good to me, an entry above 1045 for targets of 1120 and 1240 with a stop loss of 962. Here the risk-reward ratio is 1:2.35 for the final target of 1240. Also, it is taking good support from the 200 EMA, which is a positive sign for the bullish movement.
We can see the final target within a time period of 1 to 2 months.
It is just my analysis, if you go long you should do your analysis






















