Get started

Pattern

BALAJEE - Descending Triangle Meets Multi-Pattern ConfluenceOn the daily chart of Balajee, price action has formed a descending triangle right at the lower end of the trend: 🔻 Lower highs consistently pressuring horizontal support. 🟩 Price sitting within a clear demand zone, adding significance to the structure. 📊 Volume tapering off through consolidation, a classic triangle trait. 📐 Presence of a hidden counter-trend line (dotted) hinting at a potential broadening formation — showing a rare multi-pattern overlap. Such setups are important not for predicting price, but for understanding how multiple structures can interact. ⚠️ Purely educational observation — no buy/sell advice.
NSE:BALAJEELong
by Averoy_Apoorv_Analysis
1
455-Day Counter Trendline | From Breakdown to V-RecoveryThis weekly chart of Jio Fin Services Ltd illustrates a multi-phase price structure over 455 days: 🔹 Initial Rally — Kicks off from a defined accumulation base (grey zone), marking the start of a strong impulse leg. 🔹 Consolidation Phase — Price enters a descending triangle formation just below a historical resistance band. 🔹 Breakdown — Clean breakdown from the triangle pattern sends price sharply downward. 🔹 V-Shaped Recovery — A strong reaction off the original base zone leads to a sharp reversal. 🔹 Back to the 455-Day Counter Trendline — Price now tests the long-standing counter trendline, which has remained intact throughout. 📌 This chart demonstrates how historical price structures—especially well-defined base formations and trendline resistances—continue to act as critical reference points for future price action. 🛠️ No predictions here. Just a structured breakdown of price behavior and major decision zones traders are often drawn to.
NSE:JIOFINLong
by Averoy_Apoorv_Analysis
Bank nifty correction start now?Bank Nifty Current Price: 56,791.95 (Spot) Bank Nifty has reversed lower from the resistance trendline, confirming selling pressure near higher levels. A Dark Cloud Cover candlestick pattern combined with an emerging M-top formation indicates potential short-term bearish sentiment. It can short here or any bounce use as shorting opportunity for target 56,056 Major resistance is 57,400-57,700 The index is forming a rising wedge pattern, a bearish structure suggesting potential for deeper correction if key support levels are breached. Key Support Levels: Immediate support is identified at 56,056 (trendline support). A decisive close below 56,056 may accelerate selling pressure, opening downside targets toward: 55,342 , 53,908
NSE:BANKNIFTYShort
by tradetechnicalanalyst
Radhika Jeweltech – Classic Contraction PatternTimeframe: Weekly Structure Observed: Contraction Pattern between Trendlines Volume: Significant recent uptick 📊 Key Zones: 🔴 Supply Zone above 123 🟢 Dynamic Support from ascending trendline 🟠 Active counter-trendline now breached After months of lower highs and higher lows, the price has been squeezing into a classic contraction pattern between a descending orange trendline (acting as counter-trendline resistance) and a rising green trendline providing consistent support. This week’s candle has decisively broken above the descending trendline on strong relative volume. With the weekly close due tomorrow, all eyes remain on how the candle settles — will it sustain this breakout structurally or retreat below the trendline? 📌 Important Note: This is a technical observation — not a trade recommendation.
NSE:RADHIKAJWELong
by Averoy_Apoorv_Analysis
Inside Bar Ignites a Clean Breakout🟢 Simple Breakout Structure | Supply-Demand Flip ✅ Strong demand zone formed after multiple rejections 🔻 Previous supply zone clearly respected 📉 One active counter-trendline broken 🔍 Breakout of mother candle with an inside bar setup 📈 Volume expansion on breakout 🟠 Also broke a hidden resistance line, adding confluence 🧭 Chart structure remains smooth and clear, respecting zones well No predictions. Just structure.
NSE:EIELLong
by Averoy_Apoorv_Analysis
One-Sided Broadening Pattern | Pure Price Action Storytelling🔹 White Line: Captures the expanding higher-high resistance zone — part of the broader one-sided broadening pattern. Each new high is breaching the prior, giving the top side its expanding identity. 🔹 Horizontal Zone (Red to Green Shift): What once acted as a strong supply zone now flipped to a demand zone — price has respected this region multiple times, marking its evolution. 🔹 Red Line: A clean Counter-Trendline (CT) containing multiple touches, recently broken. 🔹 Yellow Line: A hidden diagonal resistance — tight and respected — offering another layer of confluence. 🔹 Green Dotted Line: Subtle hidden support built over time — watch how the structure was reacting along this line. 🔹 Orange Line: Marks wick-based rejection from a recent swing — subtle but clear evidence of supply exhaustion on that specific level. 🧠 This chart is not about predictions — it's about how beautifully price respects structure when drawn with logic and precision. Just charting. Just behavior. Just price.
NSE:VASWANILong
by Averoy_Apoorv_Analysis
Punjab National Bank Flag Breakout Setup📈 Punjab National Bank (PNB) – Flag Breakout Setup Observed a classic flag pattern on the daily chart after a strong pole move in 2023–24. ✅ Breakout above the channel confirmed with price action near 113. ✅ Entry plan: Watch for daily close >113 with volume. ✅ Stop-loss idea: Below 106. ✅ Target 1: 140 (first swing resistance). ✅ Measured move projection targets up to ~198 possible based on full flag pole. Volume confirmation and broader market context will guide the actual trade trigger.
NSE:PNBLong
by Punit190
OPTIEMUS | Reclaiming Zones, Respecting Trendlines🟩 Price is navigating a critical structure: White Line = Major CT (Control Trendline) — currently acting as resistance. White Zone = MTF Supply ➡ Demand Flip Zone — price is holding above it. Blue Zone = WTF Demand Pocket — also reclaimed recently. 📌 After reclaiming both the blue and white zones, price is now consolidating just under the CT, possibly coiling up. 🧠 Not a prediction. No tips. Just structure-based storytelling.
NSE:OPTIEMUSLong
by Averoy_Apoorv_Analysis
7
CT Breakout + H&S! What’s Brewing in Udaipur Cement?📌 Chart Overview A clean Counter-Trendline (CT) breakout is visible on the weekly timeframe. The breakout also aligns with a classic Inverted Head & Shoulders structure. The left shoulder, head, and right shoulder are all clearly formed, suggesting a potential reversal pattern. 📌 Hidden Resistance Lines Dotted white lines represent hidden resistances, derived from prior swing highs/lows. The extended hidden line from the top acts as future resistance, adding confluence to the zone. 📌 Monthly Supply Zone A monthly supply area is marked at ₹34.63, closely aligning with the extended hidden resistance. This zone could act as a potential hurdle in the next leg up. 📌 Volume Analysis Breakout lacks strong volume, which is a key point to remember.
NSE:UDAICEMENTLong
by Averoy_Apoorv_Analysis
Bank Nifty Breaks Out: Classic W-Pattern Signals Bullish MomentuThis chart represents the **Nifty Bank Index** (BANKNIFTY) on a daily timeframe and showcases a technical analysis using: 1. **Fibonacci Retracement Levels** 2. **A Classic W-Pattern (Double Bottom)** 3. **RSI (Relative Strength Index)** at the bottom --- ### 🔍 **Pattern Analysis** #### 📈 Classic W-Pattern (Double Bottom) - A W-pattern, also called a double bottom, typically indicates a **reversal from a downtrend to an uptrend**. - It’s clearly marked in yellow, showing the index formed two distinct lows around the same level. - This formation was followed by a **bullish breakout** above the neckline (horizontal resistance), confirming the pattern. --- ### 🔢 **Fibonacci Retracement Levels** - The retracement tool is drawn from the swing high (around 54,421) to the swing low (around 43,546). - Key levels marked: - **0.236 (52,835)** - **0.382 (51,853)** - **0.5 (51,060)** - **0.618 (50,267)** - **0.786 (49,138)** - The price **retraced to the 0.5-0.618 level** (a strong support zone) before resuming its uptrend — a typical bullish retracement behavior. --- ### 🔄 **Recent Breakout & Momentum** - After retesting the neckline (as indicated by the arrow labeled “Retracement”), the price **broke above previous highs**, signaling strong bullish momentum. - The latest candle shows a significant upward move, closing around **54,290**, very close to the **previous high of 54,421**, suggesting a potential **breakout into uncharted territory** if volume supports it. --- ### 📊 **RSI Indicator** - RSI is around **72**, entering the **overbought zone (>70)**. - This indicates **strong bullish momentum**, but could also suggest a potential for **short-term consolidation or minor correction**. --- ### ✅ Summary - **Trend**: Strong bullish trend confirmed by W-pattern breakout and higher highs. - **Support Levels**: 51,060 (0.5) and 50,267 (0.618) are key support zones. - **Resistance**: Immediate resistance is the previous high at 54,421. A breakout above this could lead to new highs. - **Momentum**: Overbought on RSI – bullish strength, but monitor for possible pullbacks.
NSE:BANKNIFTY
by AnkurDasTrader
Max Financial Services Ltd – Trend Reversal in Play?🚀 Technical Analysis Breakdown: The yellow trendline shows a long-term support, which has held well despite recent corrections. The red downtrend line indicates a recent bearish phase, which has now been broken with a strong bullish candle. The stock has bounced from the trendline support, showing signs of strength. Above all the strong Pinbar candle looks amazing for a candle close . 🔎 Your Take? Do you see further upside or a pullback? Comment below! 👇
NSE:MFSLLong
by Averoy_Apoorv_Analysis
Identical patterns in Godfrey Phillips and Swan EnergyI showcase two identical patterns in Godfrey Phillips and Swan Energy in this video. I had previously traded Swan Energy, and because I journal my trades, I remembered its price action when I spotted the same setup in Godfrey Phillips. This is the power of journaling! By maintaining a trading journal, you track your profits and losses and improve your ability to recognize repeating patterns and backtest data effectively. Do you maintain a trading journal? Let me know in the comments!
NSE:GODFRYPHLPLong
by Averoy_Apoorv_Analysis