Research Report

Awaiting Triangle Thrust in SRF

Getting started with today’s real-time research, I’m going to talk a little about triangle types and their position. If you are calling from my recent posts, I have written various types of Triangles: 1. Contracting triangle, Expanding triangle, and Barrier triangle. I’m going to be showing you a triangle thrust measurement technique and going to be utilized to identify a high probability target. The Triangles are limited in where they can from by themself at wave 4, Wave X and Wave B and rarely wave 2.

Protective Stop, Critical Resistance and Failed Pattern:-
Only word of caution with respect to this pattern in this market at this time that prices have yet to get below extreme of wave “D”. On an hourly closing basis being the case, that means we can actually see maybe another move to the upward OR a more time-consuming wave “E” OR wave “E” itself can actually form into a triangle. Therefore, until the price actually get below the extreme of wave “D” on an hourly closing basis. You need to do is simply view this point right here in the extreme of wave “C” as are critical support level for this interpretation. Whenever the price close above critical support, it means simple I’m wrong. But, the price would come below extreme of wave “D” on a hourly basis that would provide very strongest evidence for this pattern is indeed to complete. And, then the price is going to see a thrust.

Thrust Measurement Technique:
At the origin of the move for ABCDE triangle or simply taking the widest portion of the triangle in measuring it. In this real-time instance, expecting trust measurement move is approximately at 2226 downside from the extreme of wave E.

I’ll divide the “Trade-Setup” into two portion, one for Aggressive Trader and other for Safe-Trader. The safe trader can take action after breaking down wave “D” on basis that means after revealing the evidence of thrust move. An aggressive trader can act at or nearby “Critical Support” in advance. Yes, absolutely traders can create their position at these both trade-setup.


Trade 1: Sell SRF in base of cash/equity market price 2495-2425 for Aggressive Traders

Trade 2: For the Safe Traders, Sell 2410 below and protective stop is above wave “E” after confirmed and, target ratio 1:3 minimum.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips

Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Previous ArticleNext Article
Stock market certified investment advisor(s) for Moneymunch. They're a regular guest on popular online channels and writes for several newspapers and financial journals. Who has studied charts for over 20 years, and they have black magic of the share market.

Visit here: Premium Stock Tips →
Join Today (Free): Stock & Nifty Tips

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Live Chat
< 4 min wait
Get a callback
<10 min wait

Chat with us on WhatsApp

Send this to a friend