Symmetrical Triangle Group

hi all friends,
i am starting this thread so that all of us can benefit.
We could include all the stocks developing Symmetrical triangle pattern and breakout before apex for high probable trade.

All of us know that ST triangles are quite relaible!

hope to see all of you posting the stocks have exclusively this pattern.

thanxs
winston

hi all,

i found two stocks!!!!!!
sesa goa already formed the pattern , breaked out , and now getting good support.

bajaj auto is in the development.......be cautious to act on early.

attached charts below.

thanxs
winston

have already posted STs in the breakout thread in TA section
they can be really profitable... the level for anticipated throwback or pullback are very important.

Dear seniors
I am noticing a trangle in Tisco Charts. Can some one comment on the techanicals of the same

hi goyal ji,
good work!!
did you notice the inverse head and shoulder in the main triangle????
wait for break in either direction to happen.
be cautious when it happens nearer to appex.

i think if the break happens upside + break of neck line of inverse HS , strong up move could be expected!

thanxs
winston

Symmetrical Triangle - Gail

Here is another pattern with possible breakdown. Seniors plz commnts for the correctness of the pattern, target and stertegy if it is good for trade
Thanks

Rajeev

Check iv found i few.

IMHO, except in ABB and Sesagoa no triangle has formed atleast on the charts posted. The reasoning is that the so-called triangles ignore major number of peaks and throughs,which did not touch or come close to the trendlines, formed during the intervening period. Further, Volume and time-period of formation is also to be accounted for when looking for patterns.

Best Regards,
--Ashish

hi ashish,
you are right ! but ST needs atleast two point touch on each trend line which are converging with constant decrease in volume. right!

i agree with your view that that other charts expect sesagoa and abb dont form major peak and trough that come close together, but there is atleast two point touch on each of their trendline.

correct me if i am wrong!!!!

thanxs
winston

Hi!

You are very much right about two points touch but a pattern should be considered in its entirety rather than in a piecemeal manner. Only this will give us the proverbial probability edge.

The white space should also be minimal for a high probability symmetrical triangle formation.

Best Regards,
--Ashish