NSE:CGPOWER - Continuation Diamond Pattern (Bullish)
Following a period of consolidation, the price has surged upwards, indicating a potential continuation of the previous upward trend.
The sequence typically initiates within a downtrend, where prices form higher highs and lower lows in a broadening pattern.
Subsequently, as highs reach their peak and lows...
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
Diamond pattern has been witnessed in the stock GAEL. The Diamond pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the...
UPL on Monthly longer time frame is creating multiple pattern on various charts.
Two significant pattern visible is Flag pole and Diamond pattern.
Hence it can breakout on either side
If breakout on upper side then target of 991 is expected
If breakout on lower side then target of 508 is possible.
currently good for trading the range unless breakout occurs...
The Diamond Bottom pattern is a technical analysis pattern often used by traders to identify potential trend reversals in financial markets. It is characterized by a series of higher highs and lower lows that form a broadening pattern, followed by a narrowing trading range and an eventual upward breakout.
During a downtrend, the price action forms higher highs...
Diamond pattern formation on weekly levels. Retest done successfully and breakout done too.
Looking good for strong upside movement. Minimum Target and SL updated on chart.
NOTE: Investing in this Script would require patience.
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
It appears that the price has hit its lowest point and is now showing indications of a reversal. This is evident as it has broken out of a period of consolidation or uncertainty and is moving in an upward direction. This pattern is commonly known as the Diamond Bottom pattern, which typically occurs during a downward trend. The pattern is characterized by a...
UPL IS AN AGROCHEMICAL COMPANY
the stock is in consolidation on monthly charts
the two scenarios emerge from here on either side breakout, 240-250 moves can occur.
on higher side can cross 990
while on lower side can test near 540 levels
On Daily Chart two patterns has been noticed recently in CANFIN HOMES: Continuation Diamond (Bullish) and Flag (Bullish)
Continuation Diamond (Bullish) - explanation
The script canfinhome previously experienced a period of consolidation where the price moved within a specific range. However, the price has now broken out of this range in an upward direction,...
Is Nifty currently forming DIAMOND BOTTOM PATTERN, similar to what was observed during Sept'22 ?
The diamond bottom pattern is not a common formation but is considered a strong bullish reversal pattern amongst technical analysts. This bullish reversal pattern first expands from the left-hand side and then contracts into a narrower range, until price breaks out...
Diamond pattern is considered to be reversal pattern.
However, from EW perspective, Diamond pattern normally occurs in wave B and therefore, their position will define whether it is a reversal or continuation pattern.
In the current set-up, since the long term picture is bullish, we are inclined towards considering the diamond pattern as reversal pattern for...
If, Diamond pattern forms it will give an upside breakout but right now only 75% of the pattern has been formed yet.
we need to wait for its complete formation and after that will provide targets.
Note: The diamond pattern is a trend reversal pattern.
Lalpathlab making Diamond Bottoms Pattern, as we all know this is a reversal pattern which provide good trade opportunity on support/resistance level and we see it rarely, I do not know if this is perfect or not, would love to hear views of senior community members.
If Breaks Then The Targets could be Taken at 4301 .
Time Frame :- 1 Day
Patterns Name :- Diamond Pattern
Symbol Name :- Apollo Hospitals
Comment Below If You want to ask me questions on this on any other idea .
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Seems we have entered a bear market / CORRECTION .. ending diagonals formed at top of 18350 levels in from of wave (b),
also diametric diamond pattern (ABCDEFG) completed upto 17639 levels in from of neowave completing "B" of higher degree.
now we are in C wave which is probably forming expanding wedge pattern..
lets see how it shape ups...