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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.
santhu404 santhu404 JSWENERGY, D, Long
JSWENERGY: Downward trendline breakout
41 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
94 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
53 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 PRO BANKNIFTY, 60, Long
BANKNIFTY: BankNifty : Don't Care Master !
354 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 PRO VEDL, 60,
VEDL: Vedanta ( BSwing ) : Ripe for Breakout with Rectangle
313 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
33 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
79 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 PRO WOCKPHARMA, D, Long
WOCKPHARMA: WOCKPHARMA - Long
42 1 2
WOCKPHARMA, D Long
WOCKPHARMA - Long

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

PankajNegi PankajNegi PRO 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
77 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 PRO JETAIRWAYS, 60,
JETAIRWAYS: JETAIRWAYS - Long
32 0 2
JETAIRWAYS, 60
JETAIRWAYS - Long

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

PankajNegi PankajNegi PRO TVSMOTOR, 60, Long
TVSMOTOR: Rectangle channel in TVSMOTOR
62 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.

InsiderB InsiderB PRO NIFTY, 15,
NIFTY: Nifty : Prediction of Direction just with Lines !
442 20 12
NIFTY, 15
Nifty : Prediction of Direction just with Lines !

Hello Good Morning Friends ! Cheer Up... Yes, we do have some trade opportunities in Nifty today. Remember yesterdays Bull flag on 5mins, it appears as rectangular pattern on 15 mins, so if a Gap Up or Nifty open in zone with rectangular breakout to upside will give us real good chance of grabbing 20 points in Nifty till the resistance zone 8840's. Actually, if ...

bbrijesh bbrijesh PRO DJY0, D,
DJY0: Dow Jones
215 0 2
DJY0, D
Dow Jones

Bears - 1 Bulls - 0 Bears leading the game with 1-0 breaking below the range. Can bulls draw the game bouncing from support of rising trendline or Bears win with 2-0?

Mastertrader21 Mastertrader21 PRO HEXAWARE, D, Short
HEXAWARE: Hexaware Breakdown from rectangle
42 0 2
HEXAWARE, D Short
Hexaware Breakdown from rectangle

Hexaware Breakdown from rectangle

NeeteshJain NeeteshJain PRO LT, D, Short
LT: LT Breaking out Rectangle Consolidation, Targeting 1400
58 0 1
LT, D Short
LT Breaking out Rectangle Consolidation, Targeting 1400

Yesterday, the price action closed below the rectangle consolidation range that indicated bearishness and weakness in the stock as marked in previous chart of LT. Today, the price action continues the weakness and downward rally, expected to reach out to 1400 levels that is also previous resistance level.

NeeteshJain NeeteshJain PRO LT, 60, Short
LT: LT - Big Big Big Cracking, Breaking out Rectangle Consolidation
52 0 2
LT, 60 Short
LT - Big Big Big Cracking, Breaking out Rectangle Consolidation

The price action is been ranging from 1516-1460, about range of 60 points for a while and now I could see a cracking or breaking of it that indicates weakness and bearishness. I would suggest to short for now with a stop loss at 1485. Target: 1400

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