Triveni Engineering triangle breakout
NSE:TRIVENI
www.tradingview.com
PS: Invested, for educational purpose only
Trianglepatterns
ETHUSDT shortBINANCE:ETHUSDT
Head and shoulder pattern if the neckline is broken
In fact, it gives us the confirmation we need
CARDANO ADA symmetric triangle Cardano made a nice push up and Now on the hour a trapped in a symmetrical triangle. 50/50 breakout chance and pay attention to the MA50 on this timeframe we are dancing around it now. Should we really get below it with a clear rejection then that could bring the price further down. Both the price target of the symmetrical triangle and the MA200 meet with it.
Yet we also see a downtrend in the MACD and it is desirable that it would remain above the midline to remain bullish. for both scenarios it is desirable to see a re-test but is not a must.
Keep calm, do your own research, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
One of my Oldest Trading TechniqueIf you have been following me, you should know that I was a born counter-trend trader, but you might not be aware that I am also a Breakout trader. What I love about breakout trading is the sudden spike of movement that brings me instant profits; nowadays, I do lesser of those trading setups.
I'm waiting for a break and close above 0.9345 for further confirmation of the trend continuation move; another approach is to wait for a retest on the trendline without having the candle break and close below the trendline.
BHP holding $42waiting to see if $42 is supported to see a move high, if not then possibly down to $30
Gold cup have became gold spoon. 27/Dec/22Gold have “evolved” from cup to spoon & handle pattern or “famous” VCP pattern or “triangle pattern”..
tron short positionbreak a rising wedge in downtrend at TRON chart
we have 3 scenarios
n.1: pullback to the break point and falling down to the green area
n.2: pullback to the trendline and make a falling flag than falling down to the green area
n.3: close under the 0.052$ with bearish candles than complete 2legs of the falling
I think we have 0.04$ for target at all
green area : supp zone for 2021
APOLLOHOSP is ready to breakout triangle patternNSE:APOLLOHOSP large cap health care stock is touching triangle's resistance for 5th time in this year.
With positive earnings and bull market, this breakout can sustain if pharma sector picks momentum again.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
BALKRISIND bounced from its supportNSE:BALKRISIND mid cap stock bounced strongly from its support.
Pros:
Consistent increase in profit
Low PE ratio
Consistent dividend payout
Moderate debt to asset ratio
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
ABB is forming triangle patternNSE:ABB large cap stock is facing rejection at its resistance 5 times in 2 months.
A strong breakout can result in good up move along with bull market.
In case of reversal, clear triangle can be formed.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
BATAINDIA is forming triangle patternNSE:BATAINDIA mid cap stock is forming triangle pattern.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Crude Oil Remains BullishHello traders, today we want to update our Crude oil chart compared to USDMXN currency pair from October 06.
As you can see, Crude oil remains nicely bullish after we spotted a bullish reversal out of the wedge pattern. At the same time USDMXN pair is breaking out of bigger bearish wave B triangle pattern.
Well, Crude oil is now trying to continue higher within wave C/3 at least up to 97-98 area for wave C if not even higher above 100 for wave 3. In the meantime USDMXN could easily stay in the downtrend within wave C with room even down to 18-17 area.
What we want to say is that Crude oil can easily stay up, while USDMXN pair can face even more weakness, just be aware of short-term pullbacks.
Trade well!
MINDTREE is forming triangle patternNSE:MINDTREE large cap IT stock is forming triangle pattern.
Even though it breaks triangle's resistance, only after breaking US resistance, good up move can be expected in IT stocks.
However with trailing SL after strong break can be tired.
Also know this news:
NSE:MINDTREE and NSE:LTI to be merged.
Upon the scheme becoming effective, all shareholders of Mindtree will be issued shares of LTI at the ratio of 73 shares of LTI for every 100 shares of Mindtree. The new shares of LTI so issued will be traded on the NSE and BSE. Larsen & Toubro Limited will hold 68.73 % of LTI after the merger.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
UNI MULTIPLE PATTERNSUNI Symmetrical Triangle DTF.
Bull target top of the range and Bear target bottom of the range.
Ascending Triangle leading up to the mid range, lets see if we can break the MID RANGE for continuation.
Nice simple trading setup for long or short trade.
Crude Oil Can Be Turning Back To Bullish ModeCrude oil has been trading south for the last couple of months, but the price action is not so strongly bearish anymore and the wave structure is getting overlapped. It means that Crude oil is running out of steam within an ending diagonal (wedge) shape.
Well, with current break out of that wedge pattern and with recovery above the upper ending diagonal line, seems like Crude oil found the support. However, from technical point of view keep in mind that bulls can be confirmed only above 97.50 region.
One of the main reasons why Crude oil can be supportive is bearish USDMXN as they are in negative correlation. Looking at the USDMXN daily chart we can see it clearly bearish, currently finishing a big bearish triangle formation within wave B. So, it can send the price even lower within wave C towards February 2020 pandemic lows.
Respecting the price action from technical point of view and wave structure from Elliott wave perspective, seems like USDMXN will face more weakness, while Crude oil may start recovering in an impulsive fashion.
Happy trading!
XRP SYMMETRICAL TRIANGLE XRP H4 Symmetrical Triangle with Bull and Bear Targets.
RSI printing a Hidden Bullish Divergence.
Trade setup for Long or Short.
SPX500 USD WEEKLY BULLISH DIVERGENCESPX500 Falling Wedge and Descending Triangle on the WTF.
We are still in a range bound environment and have a found a new LOW/LL and showing oversold levels before a lovely bounce.
XAU/USD Minor Triangle!• The gold price is encased in a triangle pattern, as seen on the H1 chart. The XAU/USD pair indicated a greater increase after breaking free of the down-channel pattern.
• The channel formation was regarded as a bullish reversal pattern from a technical perspective. However, it may test and retest the support of the triangle or the downtrend line in the near term.
Good Luck Traders!
jubfoodjubfood made triangle pattern on daily charts & broke out of it with very good volumes & also broke above strong resistance zone of 599-601 & trading comfortably above it.
Could be bought with mentioned stoploss & target.
Ethereum ETH pattern repeating 🟡🟢Ethereum ETH pattern repeating 🟡🟢
Look at 2016, 2017-18 and 2021-22
Ethereum built up a triangle pattern🟡before a huge bull flag occurred🟢
Also worth mentioning... the peak of the triangle pattern🟡was the 2nd peak on the RSI
Follow appreciated dear Crypto Nation
*not financial advice
do your own research before investing
Coca-Cola - Long - Ascending triangleCoca-Cola Company stock (KO) appears to have formed an ascending triangle pattern. Therefore, we recommend a long position on the stock.
Enter the long position once the price breaks above the resistance with the volume surge.
Target shown in the chart.
Tesla Inc.: technical analysisNASDAQ:TSLA
The shares of Tesla Inc., an American electric car maker, are correcting around 921.00.
On the daily chart of the asset, the price is moving within the global downward channel with dynamic boundaries 1050.00–560.00 and is trying to approach the resistance line.
On the four-hour chart, the signal is being processed after overcoming the upper limit of the local Triangle pattern around 755.00. There may be obstacles in the way of further upward movement of quotes, and the first serious of them may be the local resistance level of 955.00, which the trading instrument can reach today.
Technical indicators signal continued growth: fast EMAs on the Alligator indicator are moving above the signal line, and the AO oscillator histogram is forming bars with an uptrend in the buying zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 955.00 with the target at 1145.00. Stop loss – 900.00. Implementation period: 7 days or more.
Short positions may be opened after a reversal, reduction, and consolidation of the price below 867.00 with the target at 754.00. Stop loss – 900.00.
******All indicator readings and price values are historical data. Past price behavior is not a reliable indicator of future performance.
BNB/BTC in ascending triangleBNB is a utility token from Binance exchange.
With it, it is possible to have discounts on trading fees and passive income in DeFi/CeFi.
On the chart we have an ascending triangle about to be broken.
