Bullish Megaphone pattern
You can see this chart now Welspun corp, FSL, Marathon Nextgen
A megaphone pattern is a pattern that consists of a minimum of two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom.
There is a chart of side Tube Investment where a megaphone pattern was formed and after thet there was huge rally in the stock.
A megaphone pattern is a pattern that consists of a minimum of two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom.
There is a chart of side Tube Investment where a megaphone pattern was formed and after thet there was huge rally in the stock.
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.