Indoamines
INDOAMIN - Bottom Wedge PatternThe bottom Wedge pattern is a type of continuation pattern that typically occurs within a downtrend and indicates a potential reversal in market direction.he bottom triangle pattern is a type of continuation pattern that typically occurs within a downtrend and indicates a potential reversal in market direction.
It's important to note that while technical patterns like the bottom triangle can offer insights into potential market movements, they are not foolproof and should be used in conjunction with other forms of analysis.
Traders and investors often use a combination of technical and fundamental analysis to make informed decisions.
Remember that the effectiveness of these patterns can vary, and markets are influenced by a wide range of factors. Always exercise caution and consider risk management strategies when making trading decisions based on technical patterns.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
INDO AMINESIndo Amines Limited manufactures organic and inorganic chemical compounds. The Company provides fine chemicals, specialty chemicals, performance chemicals, perfumery chemicals and active pharmaceuticals ingredients.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading