Two strong patterns. Nifty is a buy if channel breakout (Target 12000) If channel breakdown then can go down till 11400
FOR EDUCATIONAL PURPOSE ONLY - NOT A RECOMMENDATION TO BUY AND SELL. TARGET - 1520 STOPLOSS - 1273 RISK REWARD RATIO - 1:11 TIMELINE FOR TARGET - 1 MONTH. 3 NSE:SIEMENS
Classical bear flag break out completion. A very clear chart.
A bearish flag formation is seen, will the upcoming elections and budget uncertainity lead to a downside breakout. If it does it will lead to a downfall of around 700 points from the breakout. This can be a good short for risky traders. PS: Constructive criticism and opinions are appreciated. Thank you!
breaking out of flag and trend line pattern
4 hour chart shows 20 days moving average crossover to 50 days moving average.
Sell when Break down trade carefully
-stock managed to break-out from its flag pattern on 19th dec -it also found new support @50-dma (700) -macd has shown positive crossover -rsi is shown momentum -it looks like we will test 730 before we enter oversold zone PLEASE LOOK IN THE CHART BEFORE INVESTING..... -
These are continuation trend pattern that are found frequently in the markets. I wanted to cover it and share it with you as I found some good charts during my research that are forming such patterns. One of them is Aban offshore, chart link attested below. (I have also provided some examples given in comments box below for your references and goodself.) There...