On Daily-Chart of Rashtriya Chemicals & Fertilizers Ltd , a bullish continuation pattern known as a broadening pattern or diamond pattern has been formed. This pattern typically occurs during a downtrend and consists of price movements creating higher highs and lower lows, forming a widening or broadening shape.
As the pattern progresses, the range between the...
Based on the price movement, there was a period of consolidation where the price was trading within a range. However, the recent price action indicates a significant break above this consolidation phase, which suggests a continuation of the previous upward trend.
Initially, the pattern started during a downtrend as prices formed higher highs and lower lows within...
This stock has formed a pattern called Continuation Diamond ( Bullish ), providing a target price for the long-term in the range of 420.00 to 499.00.
What is continuation diamond pattern?
A continuation diamond pattern is a bullish technical analysis pattern that typically occurs in the middle of an uptrend. This pattern is formed when the price of an asset...
