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Chart Patterns

How to buy dips?In this video I talk about how we can find good buying opportunities when the markets are witnessing correction. I'm using 10,20,44 Exponential Moving Averages on my chart along with RSI(14) indicator. On the screener we are looking at stocks which have Market cap greater than 50 Billion & sorting the 3 month performance from high to low. The rationale behind this is identifying stocks with good momentum. P.S. Please pardon me for my voice, I'm down with fever and tried my best to not cought & record this video.
Editors' picks
NSE:IRCTCEducation
by Kapil-Mittal
84
Nifty may to touch 16000 level's!!When looking at a Pennant continuation pattern, you will see the following: A flagpole: A Pennant pattern always begins with a flagpole, which differentiates it from other types of patterns (such as the symmetrical triangle). The flagpole is the initial strong move preceding the symmetrical triangle. Breakout levels: There will be two breakouts, one at the end of the flagpole, and one after the consolidation period, where the upward or downward trend continues The Pennant itself: The Pennant is the triangular pattern formed when the market consolidates, between the flagpole and the breakout. The two converging trendlines form the triangle - the Pennant. BEARISH PENNANTS Bearish Pennants are continuation patterns that occur in strong downtrends. They always start with a flagpole – a steep drop in price, followed by a pause in the downward movement. This pause forms a triangular shape, known as the Pennant. There is then a breakout, and the downward movement continues. Traders look to enter short trades on a break below the pennant.
NSE:NIFTYEducation
by Spunkygamer
1
Power of breakout !!The above chart pattern is known as Symmetrical trianlge or just Triangle pattern, where the stock makes lower highs and higher lows over a period of time. And, one can expect good movement in stock after either breakout or breakdown occurs. Here, Ipca Lab have given breakout and also made new 52 week high today, after Oct 2020. Also, ascending and descending trianlge patterns are the other types, which come under triangle patterns. Where Ascending triangle is considered as bullish formation and Descending triangle pattern is considered as bearish formation, technically. Also, consider the volume. So one should look for such beautiful, powerful patterns and ride the trend, on either breakout or breakdown.
NSE:IPCALABEducation
by AK1808
INDY/EEM Reaching All Time HighsINDY/EEM relative strength chart is reaching its all time high since the introduction of INDY ETF in Nov' 2009. Background info: INDY is the Nifty 50 ETF trading on NASDAQ which mimics the Nifty 50 index. EEM is the MSCI Emerging Markets ETF which invests funds in emerging markets such as China, India, Hong Kong, South Korea, South-east Asia etc. INDY has been rising sharply against EEM thanks to a) Nifty breaching all-time highs and b) Chinese stocks being beaten due to Chinese regulations against their ed-tech companies last month. Will the INDY/EEM break out from its all time highs or will this resistance lead to a drag in the INDY vis-a-vis the EEM as it did in 2019? We will be watching the price action.
NASDAQ:INDYEducation
by vipulmehta817
What is a Symmetrical Triangle Pattern?The Symmetrical Triangle is usually a continuation pattern. It represents a pause in the existing uptrend after which the original uptrend gets resumes. A breakout from the upper trend line marks the continuation of an uptrend while a breakdown from the lower trend line marks the start of a new bearish trend . This pattern is also known as a wedge chart pattern. How does Symmetrical Triangle Pattern Work? Phase 1 : Existing Uptrend When there is an extreme demand in prices there is an uptrend. It continued as the demand increases. Phase 2 : Pause When demand is equal to supply the there is a pause in an uptrend and investors start to book profits here. As prices consolidate it forms converging trend lines . As there is equal demand and supply investors buy on the lower trend line and sell on the upper trend line . Which results in forming a Symmetrical Triangle Pattern . Phase 3 : Uptrend Continuation After demand matching the supplies when there is when buyers are again interested to buy demand increases. Which results in breakout! And the continuation of the uptrend. Role of Volume: Volume plays a major role in a symmetrical triangle pattern . When in an uptrend the volume is quite higher. In the second phase, the volume starts to diminish due to equal demand and supply. And again on the breakout, the volume surges. Volume with Breakout gives a good indication of a successful uptrend. Above Chart Explanation: This is a 4H chart of AXSUSDT we can see it's in an uptrend previously with good volumes. Now after successful uptrend prices consolidate with diminishing volumes. And after it, there is a breakout with above-average volumes. And then the uptrend continues. Conclusion: Symmetrical Triangle Pattern is a continuation pattern. Which on upper trend line breakout can give a potential bull move and when on lower trend line breakout gives a possible bear move. Comment your thoughts on Symmetrical Triangle Pattern down below. Disclaimer: This is just an educational post never trade just any pattern. And please do your research before making any trades. PS: We are again publishing this for our Indian audience. Happy Trading!
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Education
by Coinlog
24
Bank Nifty - Sym.Triangle Pattern - Waiting for BreakoutHi Friends, Greetings from Thenali Views!! Today we have analyzed the BankNiftyFUT- The index has formed in Symmetrical Triangle Pattern .. Where Lower Highs and Higher Lows are forming. EMA - 24, 79 and 162 was in Long Bias. The pattern was in the extensive Buildup stage. Hence, there may be chance of breakout in the symmetrical triangle in the Long Side. How to time our entry with post breakout of the pattern? Entry at Pullback: 1. If the Triangle pattern break, it was overextended above the triangle hence the stop-loss and entry will be wider. So we will wait till Pull back to occur (i.e Bull Flag Pattern etc) or Entry at Retest: 2. Sometimes it may retest the price breaks out, if it does lookout for the reversal candlestick pattern (Like Hammer, Bullish Engulfing , etc) to time your entry. Regards, Thenali Views
NSE:BANKNIFTY1!Education
by Caapinves
HCL TECHNOLOGIES.... TO GO LONG OR SHORT?We can see the script getting rejected at the level of major resistance on multiple occasions. The recent long green candle at this resistance level was considered a good breakout by most traders. Points in favor of a pullback, The breakout candle was followed by a bear candle of decent size. The follow-through from the breakout candle is not good, indicating huge selling pressure. This is also confirmed by the higher volumes in the red candle than the breakout candle. There is also a bullish divergence in the RSI pattern. Points favor of a breakout, The red candle is still above the line of major resistance. The script after getting rejected from the resistance level a few days back didn't fall back to its support zone (around 900) but is trying to break the resistance again. Multiple hit at the resistance line is likely to weaken it eventually breaking the resistance soon. So, now breakout or breakdown? We should wait for one more day and the next candle will decide the course of action. A long green candle can suggest a long trade and a Doji or hammer or long red candle suggest selling and rejection in the script. Happy trading!
NSE:HCLTECHEducation
by Stock-Holmes
1