fortis 1w buy cmp target@ 334, 349, 357, 364 ascending trianglefortis 1w buy cmp target@ 334, 349, 357, 364
ascending triangle breakout
risk reward 1:2
sl@278.50
Ascending Triangle
Ascending Triangle on AUD/CAD @ H4This ascending triangle pattern has formed on the 4-hour chart of the AUD/CAD currency pair. It can be used as a short-term bullish breakout setup. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line (0.89235). My potential take-profit level is marked with the green line (0.90537). The stop-loss is to be set to the triangle's bottom point at 0.87643. Bearish breakouts from this continuation formation should be ignored.
ZOMATO ZOOMING UP? 🚀Zomato Ltd has come a long way to form a ascending triangle pattern while respecting the upward sloping trendline. The stock also seems to be outperforming NIFTY Index. RSI levels too support the stock to zoom up new levels and break its previous zones from where it fell sharply. On the charts it looks like a breakout is imminent in the near term.
Disclaimer: None of the posts here represent any buy/sell advice. Only sharing the analysis for educational purposes.
BCHUSD Nearing Breakout Of Ascending Triangle PatternBCHUSD / Bitcoin Cash about to breakout of this ascending triangle chart pattern. Higher lows are forming with multiple retests horizontal resistance line. This is bullish and expect a move higher as soon as it closes above the horizontal resistance line around $250.00
INDUSIND BANK IS ABOUT TO HAVE A NICE UPWARDS RIDE...TECHNICAL INDICATORS :
ASCENDING TRIANGLE BREAKOUT -
The stock has broken out of the this pattern on weekly chart
REVERSAL FROM 50D, 100D, 200D SMA -
The stock has also reversed from all the 3 sma simultaneously indicating very strong upside pressure building up
REVERSAL FROM STRONG SUPPORT-RESISTANCE ZONE -
On top of that the stock has also reversed from a zone which had earlier acted as support and resistance level multiple times
FUNDAMENTAL INDICATORS :
BETTER PROFIT MARGIN POSTED COMPARED TO ITS PEERS ON THE LAST QUARTER -
The stock has also posted almost double profit margin percentage compared to ICICI, Kotak Mahindra and so on. Only SBI has posted same profit margin as indusind and sbi is also trading above all the 3 sma on Daily, Weekly & Monthly timeframes indicating the strength of this stock's upside momentum
JSW STEEL BREAKS OUT OF ASCENDING TRIANGLE WITH HUGE PROFITS TECHNICAL ANALYSIS :
ASCENDING TRIANGLE BREAKOUT -
Price has broken out of the pattern 2-3 weeks back on weekly chart
50D & 100D SMA REVERSAL -
Price has also taken support on 50D & 100D SMA simultaneously a few months back and have reversed from those levels since then
VOLUME SPIKE -
Price has shown volume spike on the previous week (10th july)
BREAKOUT FROM STRONG SUPPORT-RESISTANCE ZONE -
Price has broken out of the strong level which had earlier acted as a strong support zone
FUNDAMENTAL ANALYSIS :
OUTSTANDING EPS COMPARED TO PEERS -
Its mar'23 eps was ~12 compared to meagre 1.40 eps of its competitor
OUTSTANDING EBIT MARGIN COMPARED TO PEERS -
Its mar"23 ebit margin was ~12 compared to meagre ~7 of its competitor
OUTSTANDING NET PROFIT MARGIN COMPARED TO PEERS -
Its mar"23 net profit margin was ~7 compared to meagre ~2 of its competitor
TRIPLE PROFITS ON CURRENT QUARTER -
On top of everything they have also posted almost triple profits in jun quarter'23 giving more convictions to the prediction
TAKE PROFIT & STOP LOSS -
TP - 1028
SL - 740
Swing Trading BitcoinBitcoin has formed an ascending triangle within a rising channel on the hourly charts. The rising channel on its own gives me reason to expect a breakdown to the 61.8% or 50% retracement levels but the presence of the established ascending triangle has made this consolidation interesting. The development of this bullish signal leads me to believe that their is a sliver of hope for another breakout but this will depend entirely on a large influx of trading volume when the alleged breakout occurs.
A false breakout has already taken place on 1 November which makes identifying the ascending triangle that much more difficult to properly recognize. If a low-volume breakout occurs then I believe Bitcoin's value will meet significant resistance at the 100% retracement level -- forming a double top "M" -- and potentially see a shift back to prior retracement levels as suggested in the first paragraph. However, if a high-volume breakout occurs and Bitcoin's value is able to break through the $36,000 USD ceiling, and out of the rising channel altogether, then we could see massive gains as high as the $40,000 level before any significant resistance is met.
As always, traders should be weary of any micro or macroeconomic factors that may come into play as this can both fuel and steal momentum. I am very interested in seeing how this plays out but I am not so optimistic that I would trade without an established stop-loss in place nor insert myself in the trade prematurely.
BITSTAMP:BTCUSD
🚧THETA is Bullish now🚧 & many Traders don't see it 👀!!!THETAUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
I hope you make good money in these exceptionally good days🤌
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
LINK is bullish now and many Traders don't see it 👀!!!LINKUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
I hope you make good money in these exceptionally good days🤌
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Ascending Triangle Pattern On NAKAUSDNakamoto games / NAKAUSD on the 3-hour timeframe forming an ascending triangle pattern. NAKA is already in an uptrend so a breakout is more likely to the upside. A close above $0.95 will confirm the breakout. Target based on vertical triangle distance is around $1.02 or 8.5%.
KASUSDT Ascending Triangle BreakoutKASUSDT Daily is about to break out of a nice ascending triangle pattern. A fairly new crypto so no overhead resistance. Also breakout coincides with a market cap of around 1 billion.
🚧Bitcoin will Go Up Again🚧 Road Map(1-DAY)🗺️!!!The Bitcoin is in a Bullish phase by Ascending Triangle.
🌟 Bullish signals are:
- Pivot Yearly
- Ascending Triangle
- PRZ ZONE
- break the Ascending Triangle
- Crab pattern
❗ and the Upward signals of market momentum are:
- moving Ema 200 & 20,50
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Naga Dhunseri Mid Term Idea with an RR of 1:5, 50% + ROI1) The stock is poised for a multiyear breakout, it has formed an ascending triangle pattern in monthly timeframe indicating a strong up move once after the ATH is broken.
2) Candlesticks show extremely bullish price action. Inside bars in Monthly as well.
3) RSI in monthly and weekly are supportive, moving up after a small correction.
For a swing trade - One can enter at the demand 1 level if there is a reversal in hourly / 75 min time frame and look for Target 1 and Target 2 zones as targets. 10% up move.
For a mid term trade - One can look to enter at the same demand zone as swing, or once after the ATH is sold off at first and then at a further upside reversal, precisely after a dip and bounce back in Daily timeframe RSI as currently it is inching 90+. As per risk management.
For the Mid term,
SL can be at 1500. Targets at 3100.
Wish you all profits and happy trading!
BCH Bitcoin Cash Possible Breakout Of Ascending TriangleBCHUSD / BitcoinCash forming an ascending triangle pattern. Target around $326.00 based on vertical triangle measurement, which coincides with the top set back in June.
Possible Impulse wave forming on GBPCADA possible motive (impulse) wave is forming on GBPCAD with current ascending triangle pattern hinting for a possible advance towards next supply zone. Good opportunity for optimal RR ratio trades. I'm looking forward to catch the 3rd wave.
SFPUSDT → Pre-break consolidation could send the price upward BINANCE:SFPUSDT after months of forming a sideways range on the background of the global honey trend finally forms a pre-breakdown consolidation against resistance, which may initiate a trend change
We are interested in the global pattern "symmetrical triangle" - in fact, it is a range within which the price is gaining liquidity. Above the range, after the first breakout of resistance, the second level - 0.6420 is formed and relative to this level an ascending triangle is formed, which can be interpreted as an attack of dynamic buyers on the limit resistance area. On the background of possible BINANCE:BTCUSD strengthening, SFP can get a good bullish potential when the resistance of the ascending triangle is broken. The moving averages act as trend support.
Resistance levels: 0.6420
Support levels: previously broken range resistance
In the long term, I expect a breakout of 0.6420 followed by price consolidation above the level, which will form a bullish potential.
Regards R. Linda!
Ascending Triangle pattern breakout in GODREJCPGODREJ CONSUMER PRODUCTS LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1012+.
✅Can Go Long in this stock by placing a stop loss below 979-.
Bitcoin Cash / BCH Ascending Triangle BreakoutBCH on the daily forming an ascending triangle pattern. Will confirm when candle closes above the horizontal resistance level.
A Winner run for BAJAJ FINSERV?BAJAJ FINSERV looks promising for an upside gain as it makes new powerful momentum swings. The stock has formed a ascending triangle zone where it tried breaking out near previous resistance zones. After being an underperformer for over an year it would be interesting to see if it can break through previous price points & recover to form new highs.
CHOLAMANDALAM INV near Breakout levelsThe stock is forming an ascending triangle pattern backed by price rising on the 20 EMA. After the golden crossover of 20/200 EMA the price seems to be headed upwards and can prove to be a potential winner if the trend continues. The current price is near new breakout levels as it surpassed previous highs recently.
This stock is also showing a good RS vis-à-vis Nifty 50 Index which shows it is a outperformer.
EURCAD → A symmetrical triangle can be broken through FX:EURCAD is in consolidation of the "symmetrical triangle" format. When one or another line (resistance or support) is broken, an impulse may be formed
This pattern, indicated on the chart, does not have a clear further direction, as it is a consolidation and the price breakout of one of the borders of the figure will determine for us the further direction in the short term.
Earlier the resistance of the descending channel was broken, most likely, the imbalance, which the market maker seeks to eliminate, is above the zone 1.4663, but before further growth the market should form a consolidation. Support at 1.4369 or 1.424 may be tested before rising. If the price breaks the resistance at 1.446 soon, further movement will become obvious. Moving averages are pointing to a near-term burst of activity.
Support levels: 1.4369
Resistance levels: 1.446
In the long term, I expect growth. But, before the growth there may be a local fall and support retest. A breakthrough of 1.446 will be a buy signal. A breakout of 1.4369 will be a sell signal.
Regards R. Linda!
Ascending Triangle pattern breakout in TORNTPHARMTORRENT PHARMA LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1970+.
✅Can Go Long in this stock by placing a stop loss below 1885-.
Bitcoin - 39k in December! (last chance to buy low)
Bitcoin will hit 39k this year in December 2023, according to my technical analysis and calculations. This new analysis is on the 12h chart and shows very important technical data!
First, we need to consider the major yellow descending trendline. This trendline has been destroyed by the bulls, and we also had a successful retest of it! This is your chance to buy / long BTC at the current low price. Thank me later!
Before BTC hit 39k, we had some resistance on the way up. Of course, we are not going to go to 39k in a straight line. The first resistance is the 0.618 FIB of the previous wave, which is at 29167 USDT. We also have a POC of the previous structure near this point, so it's a big deal. There is no next resistance until 31804, which is the major previous swing low.
I don't know how about you, but I am prepared for the bull market that is coming in the next few weeks until January! Expect January to be a bearish month.
From the Elliott Wave perspective, I see this uptrend from 24900 to 28500 as a strong nest (1-2-1-2) or an expanding leading diagonal wedge (1-2-3-4-5). Both of them are bullish patterns and support the start of the bull market!
Let me know in the comment section (right now) what you think about BTC and have you bought it.
Thank you, and for more ideas, hit "Like" and "Follow"!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately.
