👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
BTST IN SUNPHARMA ADDED NEW POSITIONS SECOND TRADE IN SUNPHARMA STOCK HAS BROEKN ABOVE 432 AFTER VERY LONG TIME SUPPORT RAISED TO 430 JAN FUT TRADE BUY@435 STOP@429 TARGET@455 LOT:1100 QTY:1
Often we see situations like above chart where it is difficult to decide which trendline is correctly drawn. Truly no one can actually tell which trendline is more correct than the other. And Is it the break of AB or AC or DE which should be considered to take the trade? When ever there is such a situation, it is wiser to give secondary importance to these TLs ....