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Triangle

Valiant Organics - Double bottom and descending triangleCMP - 411 TARGET – 1800 ⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️ Description: A descending triangle refers to a chart pattern used in technical analysis that is characterized by a descending upper trendline and a second, flatter horizontal trendline forming a support level. Downtrend: The market in question must be in an existing downtrend before the descending triangle pattern appears. Consolidation Phase: The descending triangle appears when the market is entering the consolidation phase. Descending Upper Trendline: Building on the second point, a downward sloping trendline can be drawn by connecting the upper points and indicates that the sellers are gradually pulling prices down. Horizontal Lower Trendline: The lower horizontal trendline primarily acts as a support, and prices often approach the level until the breakout occurs.
NSE:VALIANTORG
by Imran_I_Ahmed
A SHORT TRADE SETUP - NIFTY50NSE:NIFTY ❇️ Good trade setup in Nifty50. ❇️In daily time frame there is continuous buying. From straight 14 days. Not a single candle closed in red. ❇️ Now as per the pmi data of us. (Ecomomy) Above estimate which is not good for the us markets. Thats why dow jones crash more then 700 points. And nasdaq slip over 600 points. ❇️ Nifty forming symmetrical triangle pattern in 15 mint chart. As per the gift nifty shows 120 points down we can expect a down fall from this pattern. Wait for 5 mint candle closing near entry point. ❇️ Stopploss should be slightly above previous closing. ❇️ Achievable targets are. 25155-25125-25025. ❇️use your trailing stopploss after seeing profits. 👉🏻 @thetradeforecast 🇮🇳
NSE:NIFTYShort
by thetradeforecast
1
Keep in Radar Keep an eye into the stock It has formed a Symmetrical triangle and is on the verge of breakout. Historical chart tells us that the stock gave a good upside momentum of approx 32% after breakout of symmetrical triangle. If the stock gives a good daily breakout candle one can enter with stoploss below candle low. Breakdown will negate our view in the stock. Volume analysis shows that during consolidation volume has dried up. Keep Learning, Keep Trading. ⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀
NSE:MGLLong
by thechartedtrader
HDFCLIFE -Symmetrical Triangle -Breakout-wkly HDFCLIFE -Symmetrical Triangle -Breakout-wkly Name - HDFCLIFE Pattern - symmetrical triangle Timeframe - Wkly Status - Breakout Volume - Good Cmp - 745 Target - 1032 SL - 664 Pattern: A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out. Fundamental ratios: Here are some key fundamental ratios for HDFC Life Insurance Company Ltd. (HDFCLIFE): Profitability Ratios: Return on Equity (ROE): 8.5% Return on Capital Employed (ROCE): 0.64% Net Profit Margin: 6% Valuation Ratios: Price to Earnings (P/E) Ratio: 80.5 Price to Book (P/B) Ratio: 6.5 Solvency Ratios: Debt to Equity Ratio: 0.04 Current Ratio: 0.9 Interest Coverage Ratio: 58.91 Efficiency Ratios: Asset Turnover Ratio: 0.1 Expense Ratio: 11.1%
NSE:HDFCLIFELong
by DailyCharts03
ADANIGREENADANIGREEN Resistance Line (Red): The upper red dashed line is acting as a resistance line, where the price has previously struggled to break through (as indicated by the red arrows). Support Line (Red): The lower red dashed line is the support level, where the price has bounced back up (as indicated by the green arrows). Possible Breakout Scenarios Bullish Breakout (Scenario 1): If the price breaks above the resistance line, the stock could potentially move higher towards the next resistance level around ₹3,050, as indicated by the dashed blue line with label "1". Bearish Breakdown (Scenario 2): If the price breaks below the support line, it could drop significantly, potentially moving towards the lower level around ₹400, as indicated by the dashed blue line with label "2". Scenario 1: Bullish Breakout Breakout Level: Around ₹2,000 to ₹2,050. 1First Target: ₹2,400 - This is the first level of resistance, where the stock previously faced selling pressure. Second Target: ₹3,050 - The upper resistance level, marked as "High" on the chart. This could be a medium-term target if the bullish momentum continues. Extended Target: ₹3,600 - If the momentum is strong and supported by increasing volume, the stock could potentially reach this level, which would be a measured move based on the height of the triangle pattern. Scenario 2: Bearish Breakdown Breakdown Level: Below ₹1,750. First Target: ₹1,400 - This is a key support level from the previous swing low, and it might act as a buffer before further decline. Second Target: ₹800 - This is a more substantial support level that aligns with previous significant lows in 2022. Extended Target: ₹400 - This is the lower extreme marked by the chart, which could be reached in a severe bearish scenario, possibly driven by a market-wide correction or negative news specific to the company. Stop-Loss Strategy: Bullish Trade: Place a stop-loss just below the breakout point, around ₹1,750, to protect against a false breakout. Bearish Trade: Place a stop-loss just above the breakdown point, around ₹2,050, to safeguard against a false breakdown. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏 epro-bullswings dt02/09/24
NSE:ADANIGREENLong
by asAMOLSUTAR
STARHEALTH - Symmetric Triangle Breakout🔊 STARHEALTH - Symmetric Triangle Breakout STARHEALTH - STAR HEALTH & AL INS CO LTD ⌛Duration - Short Term (4 month to 8 month) 📊📈 Trade Logic -Symmetric Triangle Breakout CMP - ₹628.65 Time Frame - Weekly 🎯Target 1 : ₹760 🎯Target 2 : ₹830 🎯Target 3 : ₹900 🛑 Stop : ₹560 🏆 Risk/Reward Ratio (1: 4.25) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:STARHEALTHLong
by Profit_Trader25
INDUSTOWER - Descending Triangle BO - MonthlyINDUSTOWER - Descending Triangle BO A descending triangle is a chart pattern used in technical analysis, often seen as a bearish signal. Name - INDUSTOWER Pattern - Descending triangle Timeframe - Monthly Status - Breakout with volume Cmp - 458 Target - T1- 482 and T2 -596 SL - 243 and TSL at 400 Fundamentals: Here are some key fundamental ratios and metrics for Indus Towers Ltd.: Market Cap: ₹1,179.84 Billion Current Price: ₹185.00 Price-to-Earnings (P/E) Ratio: 17.84 Price-to-Book (P/B) Ratio: 4.63 Return on Equity (ROE): 25.97% Net Profit Margin: 22.88% EBITDA Margin: 56.75% Debt-to-Equity Ratio: 0.248 Indus Towers has shown strong profitability with a high ROE and solid EBITDA margin. However, its P/B ratio suggests it might be relatively expensive compared to its book value.
NSE:INDUSTOWERLong
by DailyCharts03
BAJAJFINSV -Symmetrical Triangle BreakoutBAJAJFINSV—Symmetrical Triangle Breakout Name - BAJAJFINSV Pattern - symmetrical triangle Timeframe - Wkly Status - Breakout with volume Cmp - 1783 Target - 2642 SL - 1634 Pattern :Symmetrical triangle Indicates a period of consolidation before the price breaks out, either upward or downward. Fundamentals: Good Here are some key fundamental ratios for Bajaj Finserv Ltd.: Market Cap: ₹2.62 Trillion1 Current Price: ₹1,782.002 Price-to-Earnings (P/E) Ratio: 34.13 Price-to-Sales (P/S) Ratio: 2.43 Price-to-Book (P/B) Ratio: 2.43 Return on Equity (ROE): 13.5%4 Dividend Yield: 0.06%1 Bajaj Finserv is a diversified financial services company, offering a range of products and services including insurance, lending, and wealth management
NSE:BAJAJFINSVLong
by DailyCharts03
Digital Technologies Co. Stock given Breakout with huge VolumeHello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a stock which has given a breakout of symmetrical triangle pattern with huge volume spike , generally whenver you see huge volume on the same day of breakout you can consider that as a healty breakout of that perticular company. Stock name Datamatics global services Ltd, and it is a Digital Technologies, Digital Operations, and Digital Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage. Datamatics enables enterprises to combine various relevant Digital Technologies to improve productivity and customer experience to build sustainable competitive advantage. Technically stock has given breakout of symmetrical triangle pattern and stock is sustaining above to breakout levels and currently it is above to 200-DEMA , which is a good sign of bullish reversal. MACD also suggesting a bullish crossover. Note:- I have not placed MACD & 200-DEMA on chart to make chart crytal clear. Fundamentally stock is really awesome, companies management is very good, they understand the business very well, as there is too much competitions in their business but still they are surviving like a leader in sector. It is really a good bet for long term as welll as short term . if you are planning to invest for long term, then i will suggest you to go and start SIP in this. For short term to medium term targets and stop loss, i already have mention on chart above. Please follow stricly. Market Cap ₹ 4,088 Cr. Current Price ₹ 693 High / Low ₹ 792 / 450 Stock P/E 21.7 Book Value ₹ 208 Dividend Yield 0.72 % ROCE 21.2 % ROE 16.6 % Face Value ₹ 5.00 Industry PE 40.7 Debt ₹ 17.4 Cr. EPS ₹ 31.6 Promoter holding 66.4 % Intrinsic Value ₹ 382 Pledged percentage 0.00 % EVEBITDA 14.3 Change in Prom Hold 0.00 % Profit Var 5Yrs 20.8 % Sales growth 5Years 6.46 % Return over 5years 57.3 % Debt to equity 0.01 Net profit ₹ 186 Cr. ROE 5Yr 15.6 % Profit growth -4.54 % Earnings yield 6.08 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:DATAMATICSLong
by TraderRahulPal
17
UNITED SPIRITS : Bullish Setup with Ascending Triangle FormationPrice Action Overview: UNITED SPIRITS LTD is showing a promising bullish setup with an Ascending Triangle Pattern. This is a continuation pattern, often signaling a potential breakout in the direction of the prior trend. Here's a detailed analysis: Ascending Triangle Formation: The stock is forming higher lows, creating an ascending triangle pattern, which typically indicates buying pressure and the likelihood of a bullish breakout. What is an Ascending Triangle Pattern? The Ascending Triangle is a bullish continuation pattern often seen in an uptrend. It is formed when the price makes higher lows while the highs stay at a similar level, creating a triangle shape. This pattern reflects the strength of buyers, as they continue to push the price higher at each dip, leading to a likely breakout above the resistance level. How to Trade the Ascending Triangle: Entry Point: Traders typically look to enter a long position once the price breaks above the horizontal resistance line, confirmed by increased volume. Stop Loss: A stop-loss order can be placed below the most recent low or just below the ascending trendline to manage risk. Price Target: The target is often set by measuring the height of the triangle and projecting it upwards from the breakout point. This gives a potential upside target. In this specific setup for UNITED SPIRITS LTD: Breakout Potential: The stock is approaching the upper boundary of the triangle, and a breakout could lead to a strong upward move. Weak High: The current weak high near the top of the triangle suggests that buyers are still in control and pushing for higher levels. Price Targets: Based on the height of the triangle, a potential upside target could be around ₹1,600. NSE:UNITDSPR This setup provides an opportunity for traders to capitalize on a potential breakout, supported by technical indicators and volume patterns.
NSE:UNITDSPRLong
by rajsharmatt