Hello Friends, Here we had shared Educational purpose post to understand & to master the Symmetrical Triangle chart pattern with real example on chart of the stock MARUTI. Symmetrical Triangle Chart Pattern A symmetrical triangle is a common chart pattern used by traders and investors to predict where the price of a stock or asset might go next. What It...
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Bullish Pennant: Its a Technical Trading Pattern which helps to find profitable trades for uptrend movement. Hey Traders, HOPE our analysis is adding value to your Stock market trading Journey. If yes, Hit like button or boost our ideas. Thank you.
A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). Here is an example of IEX. The company has declared a good set up of numbers on 22nd July. Profit after tax is up by 48% Sales are up by 36% The price is now hovering near the previous Resistance which now acts as a support Tight price range near the...
Having a genuine flag(pennant) pattern breakout in bsoft. I added @405 levels. It is for educational purpose keep following for more ideas like these
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.
straight FLAG PATTERN it can break either way so be cautious before taking the trade and don't be caught yourself in fake breakout DON'T forget to check out my previous idea on Drreddy , it worked really well on 4 hrs time frame Follow & like & comment
Price is consolidating in range and getting ready for break out.
Price action is forming bull pennant. Expecting the break out.
trade with the breakout. I think the upper line breakout can happen.
Waiting for the resistance break out.
Daily Chart LUPIN. Broke above 50 EMA and currently in pullback mode. MACD Line crossed above signal line which indicates upward momentum. This is just my personal observation, for information and education purpose only. It is NOT buy or sell recommendation.
Consolidation forming bull pennant. Expecting break out soon.
Pennant pattern is formed on the chart. This means, there is going to be continuation in the pattern from previous rally. Target 557 (period - short term)
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...