Pyramid
Nifty Bank, a pyramid near completionNifty Bank on a chart of 15 minutes time-frame
Not always you can use candlesticks to read something that's being written on the charts
So, this be treated as an attempt to read it using another tool, this time it is baseline
Trying to keep it simple and readable enough there is an upward journey, a destination point and again a downward travel, In the process BUILDING A PERFECT PYRAMID which is very fast nearing completion
Besides this structural achievement, there is something more to it, apply a Fib number series or a Gann box and just see how amazingly every value coincides
Another remarking exclamation in this journey is the use of same halting points either way
And as always, it isn't a buy sell recommendation,
It is just an effort to bring precision while making decsion
#DYOR
EXIDEIND is in making for very Big towards 205/265/300Weekly breakout with Good volume ... Very good sign for investment in mid to long term investment... Do the pyramiding, intraday traders utilize the movement in the stock and Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..
Like, Share with friends, subscribe for motivating us share charts like this...
Note: Reposting since my earlier post is hidden due to contact info added in wrong area.