TradeTheTip

Stair Steps Pattern | ULTRACEMCO 🎯

Education
NSE:ULTRACEMCO1!   ULTRATECH CEMENT FUTURES
The stair steps pattern overview

The stair steps pattern forms along with the trend .It shows an uptrend where the price rises and falls abruptly. The graph reminds the stairs, thus a name of the pattern
In the uptrend, you may notice long consecutive bullish candles. Then, the price adjustment takes place and the cycle starts all over again. The price correction areas create new levels of resistance which soon will be broken again so the uptrend continues.

Best of luck!
Order cancelled: Below is the exact textbook example & you can observe the same in the chart
πŸ‘‰Just for the educational purpose πŸ‘ˆ

HOPE YOU GUYS LIKE THE IDEA & LEARNED SOMETHING NEW

Comments

Nice visualisation of support and resistance and a breakout to trade.

This publication has been chosen for the Editor's Picks and will be featured on https://in.tradingview.com/ideas/editors-picks/

Thank you for your valuable contribution to the TradingView community and keep up the good work!
100 coins
+2 Reply
TradeTheTip AngusMcK
@AngusMcK, thanks...I'm glad you liked it. MOD πŸ™Œ
+2 Reply
ANKITHSHAJU AngusMcK
@AngusMcK, ❀❀❀❀❀❀❀❀
Reply
another example -Century ply use daily chart with 50MA -how beautifully Technicals work, how easy is earning money here, if you have good understanding of TA
+5 Reply
TradeTheTip N50-ANALYST
@N50-ANALYST, exactly
Reply
Hey can you let me know which textbook it is ? It will be great help
+2 Reply
TradeTheTip deepakkushwaha0202
@deepakkushwaha0202, textbooks in the sense google nowadays....just search staircase pattern , you will get to so many details
Reply
havells is a pure live example for this chart pattern -just check the chart with 50 MA (daily chart)
+2 Reply
TradeTheTip N50-ANALYST
@N50-ANALYST, yeah ....you got it right sir , nice observation πŸ‘
Reply
Good analysis
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out