TRIVENI DAILY CHART
Breakout @ 300 Target @ 405
TRIVENI has witnessed a trend line breakout along with resistance breakout @ 300 levels.
Its only an observation & not any suggestion.
This is Triveni Engineering (NSE:TRIVENI) quarterly chart. In the chart I have marked the long term impulse wave counts in yellow, and internal fractals in orange (impulses) and red (corrective).
It feels really good when you see such clean, textbook wave counts as they reinforce your confidence into Elliott wave theory and it’s practicality. I haven’t shared...
Stock gave weekly closing near the Resistance. Need to watch Carefully, If broken above stock will be heading to new highs. if its not broken, might come to center of channel.
Entry CMP
STOP losss 299
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts...
Ascending traingle chart breakout
Triveni Engineering & Industries Ltd on Tuesday, July 25, reported a 1.7 percent year-on-year (YoY) increase in net profit at Rs 67.6 crore for the first quarter that ended June 30, 2023. Result is super and chart breakout
NSE:TRIVENI - gave a breakout above 200+ days with 6.72% surge in breakout candle confluences with huge volume. Likely breakout sustains and give a clean upside momentum..
symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis..
