KPIT Three Dives Pattern Past Trade Analysis

The stock had fallen from the top. We can see Three Dives Pattern there. So the question is how you make the stop loss and most importantly take profit in a Three Dives Pattern!

We use the Fibonacci Retracement Tool. The entry of the Three Dives Pattern is absolutely above 23.6%. So the hard stop loss is there.

Generally, any chart consolidates on 50% to 61.8% zone. So our first take profit is 78.6% zone.

The bet is if it satisfies this setup and retraces down towards 50% level we shall buy it again towards 100% retracement which is like extended cup formation. But in this case, we need to update our stop loss to the abit higher position!
Day trades hit target as Tview posts it after 15 mins! Get trades instantly and discuss them with me at Slack Channel @

For BankNIFTY community, Visit:

EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out