State Bank of India
Education

Premium Chart Patterns

27
Chart patterns are one of the most powerful tools in technical analysis. They visually represent how price behaves over time and help traders understand market psychology, identify trend direction, and predict future price movements. Whether a trader is dealing with equities, commodities, currencies, or indices like NIFTY or BANKNIFTY, chart patterns offer high-probability setups for both intraday and positional trading.

At their core, chart patterns indicate market sentiment—fear, greed, indecision, accumulation, distribution, breakouts, or reversals. When repeated price behaviour forms recognizable shapes on a chart, traders can use them to anticipate the next move. These shapes emerge from support, resistance, trendlines, and consolidation zones.

Broadly, chart patterns are classified into three categories:

Reversal Patterns – Signal a trend reversal

Continuation Patterns – Indicate the trend will resume

Bilateral Patterns – Suggest breakout in either direction

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.