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Trianglepattren

When Madras Fertilizer is set to be a quick Riser.Madras Fertilizers Limited is engaged in the manufacturing of Urea and Complex Fertilizers. It is also involved in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals, Organic Manure, and City Compost under the brand name ‘Vijay’ The Co has proposed to set up a 20 MW gas-based power plant with Gas turbine along with Heat recovery by steam generation. It is expected to be funded through the sale of vacant Land in Guindy and Manali and the rest through internal accruals The Co has changed feedstock from Naptha to RLNG which has resulted in reduction in the cost of production of urea. The Co is concentrating on product diversification under which two new projects have emerged which are under the study of technical feasibility and financial viability. Market Cap 1,216 Cr. Stock P/E 6.56 Industry P/E 10.2 ROCE 26.8 % EPS 11.5 EPS preceding year 10.1
NSE:MADRASFERTLong
by CannySunny
EURGBP: Riding the Bullish WaveEURGBP appears to be on a medium-term uptrend that began on August 23rd at 0.84922. Here's how it's been progressing from Elliott wave perspective: First, there was a move up to 0.86105 (Wave 1) . Then, an ABC correction in wave 2 brought it down to 0.85239. The uptrend continued in wave 3, reaching 0.87094. After that, a corrective wave 4 formed a triangle pattern and finished around 0.86328 . Currently, we're anticipating the start of Wave 5, which should break out of the triangle pattern, indicating an upward move. The best approach is to wait for the price to pass 0.86550 and possibly retest it on a shorter time frame before considering a long position. Our target for this uptrend is 0.87405 . This outlook becomes invalidated if price breach the 0.86103 price level.
Long
by Samuel124
The Triangles. With Real-Life Examples.Today, let's back to fairly good known triangle shapes: Symmetrical, Ascending, Descending and Broadening Triangles. Triangle chart patterns provide valuable insights into market dynamics, representing a battle between buyers and sellers within a narrowing price range. These patterns are often categorized as continuation or neutral patterns indicating that the price is likely to continue its existing trend after the pattern completes. 1. Symmetrical Triangle: A symmetrical triangle occurs when the slope of the price's highs and lows converge, forming a triangular shape. This pattern signifies a period of consolidation, with lower highs and higher lows indicating a balance between buyers and sellers. As the slopes converge, a breakout becomes imminent, although the direction of the breakout is uncertain. To take advantage of a symmetrical triangle, we can place entry orders above the slope of the lower highs and below the slope of the higher lows, prepared to ride the price in the direction of the breakout. 2. Descending Triangle: In contrast to the ascending triangle, a descending triangle consists of lower highs forming the upper line, with a strong support level acting as the lower line. Sellers gain ground against buyers, and in most cases, the support line eventually breaks, leading to a continued downward move. To trade a descending triangle, we can set entry orders above the upper line (lower highs) and below the support line, prepared for a potential breakout. However, it's important to note that in some instances, the support line may hold, resulting in a strong upward move. 3. Ascending Triangle: An ascending triangle features a resistance level and a slope of higher lows. Buyers gradually push the price up, testing the resistance level. This pattern often signals a breakout to the upside, as buyers gain strength and attempt to break through the resistance. To trade an ascending triangle, we can set entry orders above the resistance line and below the slope of the higher lows, ready for a potential upward breakout. However, it's important to remain open to movement in either direction, as sometimes the resistance level may prove too strong. 4. Broadening Triangle: Now, let's dive into the intriguing Broadening Triangle, also known as a Megaphone Pattern. This pattern stands out due to its expanding price range, creating a unique visual pattern on the chart. The Megaphone Pattern consists of a series of higher highs and lower lows, causing the price range to widen over time. This pattern reflects increasing volatility and uncertainty in the market, with both buyers and sellers actively participating. To approach Triangle patterns effectively: 1️⃣ Pay attention to the pattern's boundaries: Identify the upper trendline connecting the highs and the lower trendline connecting the lows. These trendlines define the range of price movement within the pattern. 2️⃣ Watch for breakouts and reversals: Triangles often precedes significant price movements. We can look for breakouts above the upper trendline or breakdowns below the lower trendline as potential trading opportunities. 3️⃣ Confirm with additional indicators: Combine your analysis with other technical indicators or tools to validate your trading decisions. Consider using indicators like moving averages, oscillators, or volume analysis to confirm the pattern's potential direction. Remember, trading the Triangles requires careful analysis and risk management. It's important to consider the overall market context, fundamental factors, and other technical signals to make informed trading decisions. Wishing you successful trading journeys guided by these fascinating patterns! 🚀📈✨
Education
by Vestinda
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Dogecoin. Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs. However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:DOGEUSDLong
by basictradingtv
26
Correction in Banknifty. Zig Zag, flat, triangle, Elliott Wave Analysis:- A wave seems to be a Zig-Zag A wave . B wave to be a connecting wave . C wave to be extended wave of Zig-Zag C wave If it didn't break 46369, if broken the 46369 then the flat takes place and zig zag leave the place. . View 1:- Regular flat If it did not break B wave and breaks the low of A wave then the flat is regular flat and it may be considered as a C wave of previous zig zag wave .. View 2:- Triangle pattern Either the B wave high has crossed or not it the C wave didn't break the low of A wave and it consolidates between A and B wave's .This would lead to Triangle pattern . I'm not a SEBI registered advisor. Kindly before taking a trade do your research/ consult your financial advisor.
NSE:BANKNIFTY
by n0m0ret0ss
AKRO, The Triangle LandAn Acropolis was the settlement of an upper part of an ancient Greek city, and frequently a hill with precipitous sides. We can totally see this pattern here, on $BINANCE:AKROUSDT. Hills with more hills and more hills on top of each hill, the precipitous sides of new and new formations. Question is, Will we hit the final destination of this move, The Pantheon? The big resistance zone from the older times. Even if we will, just remember, we're all human beings in these material forms and we don't belong to Pantheon. So sell quickly at the top, protect your belongings and go, cause there will be a bloodbath right after the Elders will smell the tourists on 'em land of Triangles.
Long
by A_I_Vision
2
BNB Short-Term Vision !Hello Guys 🙌 Let me tell you something clearly. it's not financial advice. it's just my vision of the chart of BNB.USD I wanna share this vision with you. That's all. Please read it carefully and tell me what you think. As you see the main trend is still bearish. because we are under the Komo cloud. The price is far from Kijun-sen. As we know the price is so eager to be close to Kijun-sen and because of slowing movement In Kijun-sen, the price should be waiting to reach Kijun-sen. So, we can expect to reach the price of 225-230 USD and then the next scenario will be activated. So after that, we have to wait for a negative switch between Tenken-sen and Kijun-sen which can lead to further drops. I specified the short-term target. after breaking the triangle to the price we expect to move. we have two targets. the first one is a Yellow arrow and the second one is a Red arrow. (The last swing) The main support Zone of around 180-185 USD is everything for Binance coin. I hope Binance Coin never loses this zone. if the price loses that, everything will change for Binance coin and all the market. Do you agree with me? do you think Binance coin will lose the main support one and drop? please do not forget to Like, share, and write your comments below the link. I'm so eager to know what you think. and what's your favorite movement in Binance coin? Share your thoughts in the comments 🙏 Don't Forget To Push The Boost (Like) Button and Follow Me for more! Best Regards , Ho3ein.mnD
BINANCE:BNBUSDShort
by Sticky-Stock
3