Pattern: Symmetrical Triangle | Timeframe: Monthly | CMP: ₹208
Potential Target: ₹430+ | Key Resistance: ₹259.50 | Support: ₹170.20
📐Technical Breakdown
EPL Ltd has been forming a massive symmetrical triangle for over 3 years – a classic pattern that signals a strong directional move ahead. The breakout in 2023 failed to sustain, but what followed was more bullish: a textbook retest of the breakout zone, holding above long-term support at ₹170.
The current monthly candle is showing signs of reversal right at the converging trendline – suggesting bulls are stepping back in. 📈
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🔥Why EPL Could Explode:
* ✅ Breakout from a multi-year consolidation
* ✅ Strong bounce from trendline support
* ✅ Huge price contraction = energy building up
* ✅ Target of ₹430 implies 100%+ upside
* ✅ Solid risk-reward setup for*swing/positional trades
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🛡️Risk Management:
Below ₹170 = setup invalidation. Keep stop-losses tight if trading short-term.
💬 What’s Your View?
Do you think EPL is gearing up for a major move? Drop your thoughts in the comments!
#StockMarket #EPL #NSEStocks #ChartPatterns #BreakoutStocks #HiddenGems #SwingTrade #PositionalTrading #TechnicalAnalysis #TrianglePattern #MultiYearBreakout #TrendReversal #TradingViewIndia #MidcapStocks #SmartMoney #VolumeBreakout #LongTermInvesting
Potential Target: ₹430+ | Key Resistance: ₹259.50 | Support: ₹170.20
📐Technical Breakdown
EPL Ltd has been forming a massive symmetrical triangle for over 3 years – a classic pattern that signals a strong directional move ahead. The breakout in 2023 failed to sustain, but what followed was more bullish: a textbook retest of the breakout zone, holding above long-term support at ₹170.
The current monthly candle is showing signs of reversal right at the converging trendline – suggesting bulls are stepping back in. 📈
---
🔥Why EPL Could Explode:
* ✅ Breakout from a multi-year consolidation
* ✅ Strong bounce from trendline support
* ✅ Huge price contraction = energy building up
* ✅ Target of ₹430 implies 100%+ upside
* ✅ Solid risk-reward setup for*swing/positional trades
---
🛡️Risk Management:
Below ₹170 = setup invalidation. Keep stop-losses tight if trading short-term.
💬 What’s Your View?
Do you think EPL is gearing up for a major move? Drop your thoughts in the comments!
#StockMarket #EPL #NSEStocks #ChartPatterns #BreakoutStocks #HiddenGems #SwingTrade #PositionalTrading #TechnicalAnalysis #TrianglePattern #MultiYearBreakout #TrendReversal #TradingViewIndia #MidcapStocks #SmartMoney #VolumeBreakout #LongTermInvesting
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Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
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TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
LOW RISK? PLAY HUGE!
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.