SYMMETRICAL TRIANGLE Clearest Symmetrical Triangle formation you will ever see. Multiple rebounds from bottom and top trend lines. Trading within the pattern. Symmetrical Triangle is a Bilateral Pattern, i.e. can go either way. Therefore, Technical Analysis needs to be supplemented by Fundamentals to assess more likely outcome.
NSE : HINDALCO,1D Breakout possible @390 levels :) Wait for more volume :)
prefer selling...
This is a stock to watch, can go to 120 levels if it gives upward breakout.
This is Just for Learning Purpose Observation Breakout Above 445 on closing basis with Volume can take it to 550
Lets start this week’s chapter with the story of “rabbit & tortoise” Rabbit & tortoise decided to have a running race. Race 1 : In between the race rabbit slept & tortoise won. Moral of race 1 : You should take continuous efforts to become a successful trader. Race 2 : This time rabbit did not sleep and won. Moral of race 2 : No strategy will work 100%. Accept...
A bullish flag patter shown in chart and bullish candle with volume
candlestick(marubozu) + chart pattern (head & shoulder)
In this video, you would understand how to spot a reversal using multiple confirmations. How you can enter safely in a trade with an edge over the market.
One should always wait for the pattern to complete and take the trade at the right place. Last time the same script bypassed the pattern and went up big -> This time it is inverted Head and shoulder pattern ( not completely formed ) Some may take the sell trade after seeing this but it wont work on that way. One should wait for the trend line break and even...