Triangle
$NSE:GSPLNSE:GSPL : Gujarat State Petro Ltd 🚀
I've spotted several key technical patterns and points of interest 📊:
Descending Triangle Pattern 🔺
A clear descending triangle has formed from September 2023 to January 2025
Upper resistance line is descending from around ₹470 to ₹370 levels
Lower support line has been relatively flat around ₹350-₹360 levels
Price Action & Trend 📈
Currently showing a strong bullish candle with a +9.16% gain 📊
Price has broken above the descending triangle
GLong
Birlasoft Ltd : Ready for a BreakoutBirlasoft Ltd is a company engaged in computer programming, consultancy, and related activities. It provides software development and IT consulting services.
Pro:
Almost debt-free
Good profit growth of 18.2% CAGR over the last 5 years
Healthy dividend payout of 28.3%
Technical Analysis: \
The stock is forming a Descending triangle pattern , indicating a potential breakout.
Volume is also building up from the last swing low.
Expecting a good profit for the upcoming quarters
Stop Loss
Cesc double topMade double top at 209
broke trendline , broke 200 dma,
bearish triangle breakout
and retest or pullback to 200 dma is shorting opportunity
closing above 200 dma can be taken as SL
however rsi is little over sold ,short term might have pull back so pefer lower time frames to trade , usually triangle broader length would be target
Disclaimer- Just my view and opinion trade at your own risk not an investment advice these are only for educational purposes
canfinhomescanfinhomes took 5 times support at 700 zone now broken
before breaking formed a triangle retested around 860
now can go to 600 strongly bearish also below 200 dma, a strong down trend in between pullbacks might happen but is still sell on rise
Disclaimer- Just my view and opinion trade at your own risk not an investment advice these are only for educational purposes
CANARABank took two times support at 92 what next ?canarabank bounced two times at 92 around ,more times the support is tested it will be broken however we can see it did made lower highs and is below 200 dma i think this time it will continue to be bearish
every time on closing basis did not close below support we can see in past two points but this time closed almost at days low strongly bearish
Disclaimer- Just my view and opinion trade at your own risk not an investment advice these are only for educational purposes
ICICI Bank Shorting Opportunity Confirmed: Multiple Bearish SignThe broader market has entered a bearish trend, and ICICI Bank, a less-moved stock compared to other banks, is now showing signs of catching up.
Technical Confirmations:
Trendline Break
Ascending Triangle Breakdown
Lower Lows
Entry for Short : 1245-1243 Range (Can Take 1240/1260 PUT Option Current Month Expiry and/or Next Month Expiry to avoid Volatility)
Target : Open/Mentioned.
STOP Loss : 1275/Swing High
How do you find this analysis? Follow for more actionable trade
Morepen Lab Near Key Support – Big Move Ahead?Morepen Laboratories (NSE: MOREPENLAB) - A Critical Technical Setup
In-Depth Chart Analysis
1. Descending Trendline Resistance:
• The stock is moving within a descending triangle pattern, with a clear downward trendline acting as resistance since the peak around ₹120.
• Currently, the stock is approaching this trendline near ₹80. A breakout above this level, supported by strong volume, could trigger bullish momentum.
2. Key Moving Averages:
• 200-Day EMA (Exponential Moving Average): The
Bharti Airtel Cmp 1682 Triangle BO with VolumesBharti Airtel Cmp 1682 dated 13-12-2024
1. Ascending Triangle BO @ 1685
2. Price rise with Volumes
3. RSI BO
Buy above 1685 SL 1630 target 1700-1715-1730-1745-1750-1760-1770-1780
Pattern target 1860 SL 1585
It is just a view, please trade at your own risk.
Positional Long/Reversal Setup: PVR Inox
PVR has given a correction of ~40% from its latest High and is trading at a important make or break level.
Current price structure is following a Descending triangle pattern, supported by the golden ratio zone based on swings from 2020 onwards.
The daily RSI is at 28.41, indicating the stock is approaching oversold territory, which may precede a potential reversal.
Also the CCI is at -131.31, placing it in the oversold range, which could indicate a potential price reversal.
PVR is cu
SBICards-Can it finally make a comeback?SBICards has been underperforming since last few years.
700-730 has proven to be a strong demand zone for the stock historically and looks like history is getting repeated.
950-1000 is a strong supply zone. Once it is broken, we can see this stock fly to new highs.
Currently, stock is a perfect example of buy low, sell high.























