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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.
praveen.bhatiya praveen.bhatiya FEDERALBNK, 1D, Long ,
FEDERALBNK: Rectangle pattern Breakout
94 0 7
FEDERALBNK, 1D Long
Rectangle pattern Breakout

After a long formation of nice Rectangle pattern it has given breakout. It has retested the channel thus offers a good trade. Risk to reward ratio is also reasonable at 2.58. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya praveen.bhatiya AJANTPHARM, 1D, Short ,
AJANTPHARM: Rectangle & PF setup
46 0 2
AJANTPHARM, 1D Short
Rectangle & PF setup

Perfect Rectangle offers short term trade which could easily drag the price to 1310/1270 level. One can also wait for the stock to breakout from the pattern and continue with the trade. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.

saurabhna saurabhna MANAPPURAM, D, Long ,
MANAPPURAM: Manappuram for longs
44 0 2
MANAPPURAM, D Long
Manappuram for longs

Well i see a Bullish rectangle for short term. I would buy around 124 for target of 128..resistance expected around 126.50 levels...but once it crosses we may see 130 levels as well

praveen.bhatiya praveen.bhatiya SYNDIBANK, 1D, Long ,
SYNDIBANK: Good Risk to Reward Tradable Range:Reversed Three Buddha
155 0 9
SYNDIBANK, 1D Long
Good Risk to Reward Tradable Range:Reversed Three Buddha

PSU Banks were in headlines and got hammered, however it seems that all bad news have been discounted as prices are forming triple bottom/Rectangle reversal patterns. These simple pattern are easy to trade for short term keeping the target of upper boundary. It offers an opportunity of 8-10% capital appreciation. It is also called Reversed Three Buddha candlestick ...

praveen.bhatiya praveen.bhatiya LT, 1D, Long ,
LT: Rectangle & Action_Reaction Set
163 5 9
LT, 1D Long
Rectangle & Action_Reaction Set

There is a nice rectangle range with multiple alternative touches on both sides, however the range is not so big to trade so I would wait for a closing above the range and trade the breakout. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya praveen.bhatiya FEDERALBNK, 1D, Long ,
FEDERALBNK: Simple Rectangle Trade
92 0 7
FEDERALBNK, 1D Long
Simple Rectangle Trade

The simplest method to trade in complex word is probably trading the range when price moves between two parallel straight lines. It works mostly and add some money to trading account and if not one knows the risk involved. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya praveen.bhatiya VEDL, 15, Long ,
VEDL: Rectangle Bottom Intraday only!
206 4 11
VEDL, 15 Long
Rectangle Bottom Intraday only!

Although the trend is down and one no confirmation of reversal yet still one can use the setup to go long at rectangle bottom to generate some profit fast. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.

adilk0870 adilk0870 LTCBTC, 240,
LTCBTC: LTC Working Like Rectangle chart patterns !!!
64 0 2
LTCBTC, 240
LTC Working Like Rectangle chart patterns !!!

LTC Working Like Rectangle chart patterns !!! Great Time to Buy now At Support And sale Target is Resistance Level !!! Good luck

pratik2358 pratik2358 HDFCBANK, 1D, Long ,
HDFCBANK: time to go long in HDFC BANK ? lets check on monday!
100 0 3
HDFCBANK, 1D Long
time to go long in HDFC BANK ? lets check on monday!

i see a good probability of theis stock going to get strength on monday see a two day trade setup to go long for 1909 and 1935 target !

praveen.bhatiya praveen.bhatiya BPCL, 1D, Long ,
BPCL: Bullish Engulfing, Divergence at Rectangle pattern Support
162 6 6
BPCL, 1D Long
Bullish Engulfing, Divergence at Rectangle pattern Support

Price has been moving in Rectangle pattern with multiple touches on both sides. It's a tall pattern with the width of 80 points so one can trade it like : buy at the bottom and sell at the top one, then reverse the trade. Previously it has given only one single touch on both sides but this time it has consolidated long. It is making divergence and today's ...

ramiya ramiya DGBBTC, 60, Short ,
DGBBTC: Digibyte (DGBBTC) Price Analysis
131 0 0
DGBBTC, 60 Short
Digibyte (DGBBTC) Price Analysis

Digibyte (DGBBTC) Price Analysis If the price action in between this rectangle, then it is a bullish signal, then price should break the 478 level..

praveen.bhatiya praveen.bhatiya OIL, D,
OIL: Classical Rectangle Pattern !
73 2 2
OIL, D
Classical Rectangle Pattern !

The stock is moving in the Rectangle nicely so one can buy at the bottom and reverse the trade in case it does not sustain and breaks out of the channel.

Trade_Warrior Trade_Warrior EDELWEISS, D,
EDELWEISS: #EDELWEISS Rectangle Pattern
105 1 2
EDELWEISS, D
#EDELWEISS Rectangle Pattern

After a Huge Move stock is now consolidating from last 3-4 Month. Breaking of this rectangle box will Create next big Move.

Akaash Akaash JISLJALEQS, M, Long ,
JISLJALEQS: JAIN IRRIGATION LTD- MONTHLY TF- SEEMS BULLISH
181 0 2
JISLJALEQS, M Long
JAIN IRRIGATION LTD- MONTHLY TF- SEEMS BULLISH

NSE:JISLJALEQS- IN BULLS CONTROL

Rational9 Rational9 HEXAWARE, D,
HEXAWARE: Rectangle formation..
23 0 0
HEXAWARE, D
Rectangle formation..

Consolidation or Reversal ?? Breakout on which side,price action decides..

Akaash Akaash GOODLUCK, W, Long ,
GOODLUCK: GOODLUCK INDIA UNDER  BULLS   CONTROL
39 0 1
GOODLUCK, W Long
GOODLUCK INDIA UNDER BULLS CONTROL

NSE:GOODLUCK#BULLISH

Akaash Akaash GESHIP, W, Long ,
GESHIP: GREAT EASTERN SHIPPING
31 0 1
GESHIP, W Long
GREAT EASTERN SHIPPING

NSE:GESHIP- BULLISH

ParamjitMahapatro ParamjitMahapatro AMARAJABAT, W, Long ,
AMARAJABAT: amara raja battery looks bearish in medium term
63 0 2
AMARAJABAT, W Long
amara raja battery looks bearish in medium term

In weekly, price broke horizontal support, then it bounced back to retest the broken support, which is acting as a resistance now. also price is at descending channel resistance. also double top pattern confirmed here, https://in.tradingview.com/x/R5Vw2KER/ it can slide down to 670, 640, 560 levels.

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