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Rectangle

A rectangle can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a sharp price movement when price flows into a period of consolidation between 2 horizontal support and resistance levels, each of which is tested at least twice. Bullish rectangles can form after an uptrend, bearish rectangles can form after a downtrend. The pattern has completed when price breaks out in the direction of the prevailing trend, at which point it will likely continue in this direction.

Conservative traders may look for additional confirmation. There are 2 common techniques to estimate the target: either the height of the rectangle or the length of the preceding leg can be extended in the direction of the breakout. Some traders use both techniques and aim for 2 targets. Common stop levels are at the midpoint of the rectangle or just outside of it on the opposite side of the breakout. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart.
Ritesh_Patel Ritesh_Patel PRO ONGC, D,
ONGC: ONGC
84 0 3
ONGC, D
ONGC

Wyckoff Analysis. Range high test done and rally >175 would indicate Mark-up phase.

naitikgolakiya naitikgolakiya FEDERALBNK, D, Long ,
FEDERALBNK: Federal bank Rectangle Breakout ....
77 0 4
FEDERALBNK, D Long
Federal bank Rectangle Breakout ....

You can check that federal bank has given breakout on Rectangle . You can go long once it retest the breakout line .

PrashantRaul PrashantRaul BANARISUG, W, Long ,
BANARISUG: #Bannari Amman Sugers Ltd
40 0 3
BANARISUG, W Long
#Bannari Amman Sugers Ltd

#Bannari Amman Sugers Ltd CMP-2306 Accumulate upto 2100 Keep SL Below 2000 on weekly closing basis.

anuragcoma15 anuragcoma15 PRO DABUR, D,
DABUR: Dabur - Ready for a shoot
96 0 0
DABUR, D
Dabur - Ready for a shoot

Dabur making symmetrical triangle Ready for breakout or breakdown Buy above 316 or Sell below 302

niftytrader niftytrader PRO KRBL, D,
KRBL: KRBL :Consolidation Example
130 0 2
KRBL, D
KRBL :Consolidation Example

Quite an amazing consolidation after a sharp run up. Which ever way this breaks, I expect a 100 pt move within no time. I am biased for a up move though!

santhu404 santhu404 JSWENERGY, D, Long ,
JSWENERGY: Downward trendline breakout
50 0 0
JSWENERGY, D Long
Downward trendline breakout

JSWENERGY price action has given a downward treandline breakout at 68 add near 66 to 68 for target 85+ stop loss close below 63.

Akhil008 Akhil008 BANKNIFTY, 15,
BANKNIFTY: BANK NIFTY | Range bound | Wait for entry
96 3 2
BANKNIFTY, 15
BANK NIFTY | Range bound | Wait for entry

Consolidating between 24180 and 24251. Waiting for breakout.

narsinva narsinva PRO DALMIABHA, D, Long ,
DALMIABHA: DALMIABHARAT breakout from resistance with huge vol
57 0 4
DALMIABHA, D Long
DALMIABHARAT breakout from resistance with huge vol

Huge volume combined with good delivery percentage (81%, last 3 month avg < 47%). My target 2870-2875, beyond that trail with proper SL.

InsiderB InsiderB TOP BANKNIFTY, 60, Long ,
BANKNIFTY: BankNifty : Don't Care Master !
356 10 13
BANKNIFTY, 60 Long
BankNifty : Don't Care Master !

When NPA's are rising, News articles screaming about bad asset quality ( we don't care about news also, lets put that aside now ) , Banknifty held its levels real Good & gave breakout yesterday, Now its time to aim for 25k's may take time with planned trial stops to avoid pullback stop hits, if you are planning for mid levels 24 k is your next target , Enjoy :)

InsiderB InsiderB TOP VEDL, 60,
VEDL: Vedanta ( BSwing ) : Ripe for Breakout with Rectangle
318 11 17
VEDL, 60
Vedanta ( BSwing ) : Ripe for Breakout with Rectangle

i) As usual we dont go into game of breakout direction prediction ii) Anyside breakout we enter with tight stops & quick to reverse on False breaks iii) Then how come Money will be made ?! iv) Please check India Cem post to see how to play ! Keep Supporting Buddy's ! Happy Trading & Thanks :)

saurabh1292 saurabh1292 JISLJALEQS, 60, Long ,
JISLJALEQS: Jain Irrigation Buy
39 0 2
JISLJALEQS, 60 Long
Jain Irrigation Buy

Post bottom reversal, the stock has been trading in the Symmetric Triangle in intermediate trend running across weeks. The Triangle was breached with Bullish expectation, and the stock is righ now in tilted rectangle - almost like a flag consolidation amidst a rally. Would be expected to break out and rise with gap.

sagarkotecha sagarkotecha UJAAS, D,
UJAAS: Ujaas : Technical analysis even must for Fund. Investors
81 0 2
UJAAS, D
Ujaas : Technical analysis even must for Fund. Investors

Once stocks falls in hands of trader. it needs lot of push to break the pattern. Ujaas is such example. People/traders used to buy at around 43 and sell at around 49. As many people started doing it. It formed another resistance at around 46. So some who got it at 50 (e.g. Myself) would avoided it if looked the chart to enter either around 43 or best if it breaks 52.

PankajNegi PankajNegi WOCKPHARMA, D, Long ,
WOCKPHARMA: WOCKPHARMA - Long
45 1 2
WOCKPHARMA, D Long
WOCKPHARMA - Long

WOCKPHARMA looks good to go Long at current level. SL : 707 Targets: 725, 730, 740

PankajNegi PankajNegi RELCAPITAL, D, Long ,
RELCAPITAL: RELCAPITAL - Long
58 0 2
RELCAPITAL, D Long
RELCAPITAL - Long

Relcapital has formed Rectangle channel. It is currently sitting on the resistance line. Long can be initiated with Green line as target.

praveen.bhatiya praveen.bhatiya RECLTD, D, Short ,
RECLTD: REC Rectangle Top Reversal
78 0 0
RECLTD, D Short
REC Rectangle Top Reversal

Simple classical Channel short trade is possible. Stop Loss above the high made recently and target is open depending upon the patience of the trader however the target of Fib .618 to .786. level seems to reach quite easily.

PankajNegi PankajNegi JETAIRWAYS, 60,
JETAIRWAYS: JETAIRWAYS - Long
33 0 2
JETAIRWAYS, 60
JETAIRWAYS - Long

Rectangle channel in Jetairways. Breakout will result in possible targets - 410, 415,424

PankajNegi PankajNegi TVSMOTOR, 60, Long ,
TVSMOTOR: Rectangle channel in TVSMOTOR
65 0 3
TVSMOTOR, 60 Long
Rectangle channel in TVSMOTOR

TVSMOTOR is forming a Rectangle channel. Buy Above 392 Target 1 - 397

praveen.bhatiya praveen.bhatiya BHARATFORG, D, Long ,
BHARATFORG: Rectangle Bottom Reversal Long
54 0 1
BHARATFORG, D Long
Rectangle Bottom Reversal Long

Clearly formed pattern with alternate touches both sides. The stock is showing strength although market is in bear grip. One can expect the price in the range of 1110 - 1145.

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