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Patterntrading

this chart has somethin.........................................Hi, What is your view on this chart. I found the chart very interesting as the trading zone of the current cosolidation followed in the past also. Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:TECHMLong
by raigvivek
Lincoln Pharmaceuticals Ltd - looks goodThis 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 creates a diamond shape as it consolidates before resuming its upward trend. How To identify a continuation diamond pattern, traders look for the following characteristics: The price of the asset is in an uptrend. The price forms a diamond shape with decreasing highs and increasing lows. The diamond pattern is formed within a relatively tight trading range. The trading volume decreases as the pattern develops. Once traders identify a continuation diamond pattern, they may look to enter a long position as the price breaks out of the pattern and resumes its uptrend. Traders may also set stop-loss orders below the pattern to limit their risk. It's important to note that not all continuation diamond patterns lead to bullish breakouts. Traders should always use other technical indicators and fundamental analysis to confirm the potential trend reversal. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
L
by hardeepssethi
Short on EURUSD pairIn daily chart EURUSD formed the bearish candle with strong selling Volume candle. In 4hr Time frame it has formed Falling Wedge Pattern and make breakdown for downside. ------------------------------------------------------------------------------------------------------------- Risk and reward In this trade will be 6:91 Entry At : 1.09761 Sl will be : 1.10307 Target 1 : 1.08394 Target 2 : 1.07164 Final Target : 1.05990 --------------------------------------------------------------------------------------------------- This is education purpose trade. Please take advice from your financial adviser before taking any trade in live market. ----------------------------------------------------------------------------------------------------- For more update Stay tuned with us. Trading Cafe 24 Thank you
Short
by Trading_Cafe24
7
Short Term Trade Setup in TirumalchmBased on recent activity of Tirumalchm, it appears that the price has hit the bottom and is displaying indications of a reversal. This is evident by the fact that the price has broken upward after a period of consolidation or uncertainty. One potential pattern that can be observed is the Diamond Bottom pattern. This pattern typically occurs during a downtrend, where prices fluctuate between higher highs and lower lows in a broadening pattern. As the pattern progresses, the trading range gradually narrows, with the lows trending upwards and the highs peaking. Once the price breaks upward out of the diamond's boundary lines, it suggests a significant reversal to a new uptrend. Short term trade setup targets are clearly mentioned for Thirumalai Chemicals Ltd. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TIRUMALCHM
by hardeepssethi