CHOLAFINANCE : Pattern Failure Pattern failures are more profitable than regular trading patterns. One of the phenomenon can be seen on CHOLAFINANCE chart. A Head and shoulder pattern formation followed by a breakout of the neckline. But the prices immediately came back above the neckline & holding it successfully. This can be taken as pattern failure for H&S formation. One should go long with SL of 543 and look for the target of 620 and 650-60 zone.
5-0-pattern
HDFC double top Today HDFC close below it's neckline so there is a good position for a sell side double top pattern formed and breakout given today of neckline
THIS IS JUST FOR EDUCATION PURPOSES!!
any thoughts comment below
Mothersumi Buy callMothersumi broke the triangle pattern and gone short last week and now it has made a good reversal from the support and is bouncing back. So we can expect a high in coming days.
Note: The suggestion is only for Education purpose.