Triangle
Tata Steel Swing Idea (Long)Tata steel might give breakout due to following technical reason's:
1. Double bottom formation
2. Trading above 200 & 20 EMA's
3. Symmetrical Triangle formation
4. Swing Low's are not broken
5. On Monthly pin bar formation, weekly double
pin bar break out on progress
(Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
BABA - Symmetrical triangle breakout -Daily - LongThe pattern in the Alibaba (BABA) chart looks like a symmetrical triangle breakout, not a descending wedge. Here's how it aligns:
Symmetrical Triangle: This pattern consists of converging trendlines, where both the highs and lows are moving towards a point, forming a triangle. It typically indicates a period of consolidation before the price breaks out, either upward or downward.
Breakout: In this case, the price has broken out upwards from the symmetrical triangle, which is often a bullish si
GOLD - LongThe chart analysis for Gold (CFDs on Gold, US$/Oz) shows a breakout pattern indicating a strong upward movement. Key observations include:
Long-term Ascending Triangle: The chart depicts a long-term ascending triangle, a bullish continuation pattern, indicating a potential further rise.
Breakout and Target: A breakout from the triangle suggests a target price of approximately $3,142.47, which represents a move of about 45.60% from the recent level of $2,648.66.
Support Levels: Historical supp
Eicher Motors Ltd: Ascending Triangle PatternEicher Motors Ltd: Ascending Triangle Pattern
Breaks out soon stock
12% upside potential
9 Week long base.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Accelya Kale Triangle + RSI breakoutAccelya Kale solutions is a software solutions provider for airline and travel industry which has good fundamentals and stellar OPM, ROE & ROCE with reduction in debtor days and increase in operating cashflow.
Technicals:
Stock has made RSI breakout in weekly timeframe. Price yet to make move strong. 30-40% potential to rise
Cons:
Working capital days increased
Dividend payout ratio above 70%
Stock trading 9 times the book value
Sree Rayalaseema Hi-Strength Hypo Ltd Ready for TrianglebreakoutSree Rayalaseema Hi-Strength Hypo Ltd witnessing good volume this week. 87% rising potential. Company has reduced debt and debt free. Reasonably good financials. Technicals looking good. Triangle breakout with target as 779.50 and 1258.25
Skipper Ltd - Triangle Pattern Breakout FormedFundamental Overview of company :
Skipper is the market leader in the manufacture of T&D structures and distribution poles. It is positioned among the 10 largest global T&D structure manufacturers. It is India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC.
Technical Analysis :
1. Bullish closing candle above recent resistance line gives confidence to show further momentum on the top s
MidCap Nifty - Sep 23Price is consolidating in the form of triangle and also it is at support.
Buy above 13100 with the stop loss of 13060 for the targets 13140, 13180, 13220 and 13260.
Sell below 12980 with the stop loss of 13020 for the targets 12940, 12900, 12860 and 12820.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
RELIANCE -Watchlist - Descending triangle formation -Daily- VolThe chart analysis for Reliance Industries (RELIANCE) indicates the following key points:
### 1. **Descending Triangle Formation:**
- A descending triangle pattern is visible, which is a bearish chart pattern formed by lower highs and a flat support line (around ₹2,900-₹2,910). This suggests selling pressure as buyers are unable to push the price higher while the support level remains relatively strong.
### 2. **Key Resistance Levels:**
- The stock is currently facing resistance around ₹























