Dpk.Htkr

Potential Consolidation Breakout

NSE:UNITECH   UNITECH LIMITED
Unitech Ltd. is in a consolidation for a long time now. A triangle pattern called 'Descending Triangle Pattern' is forming on the 4 Hour time frame. Although, the text book definition of a 'Descending Triangle Pattern' is that the price usually break to the downside, however, that's not always the case.

Also, the RSI shows divergence + there is also an ongoing 'Flag Setup'. I will link my 'Flag Setup' idea below.

We'll wait for the breakout from the pattern and decide what our Target and Stop Loss should be.

Do tell me what you think.

Sincerely,
Dpk.Htkr
Dec 08
Trade active: Unitech Ltd. skyrocketed! Waiting for a retracement.
Dec 13
Trade active: Go long in Unitech Ltd.
Good one
Reply
Dpk.Htkr funtush007
@funtush007, Thank you!
Reply
Comment removed.
Dpk.Htkr Dpk.Htkr
@Dpk.Htkr, I clearly missed this Bullish Cypher Pattern. It gave us a second chance to get filled but I couldn't spot it!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out