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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.
116 4 3

The Stock has broken the Double bottom neckline and traded above it so we can conclude that it has changed its bearish behaviour. Price us retesting the previous bottom and bounced from there. RSI is healthy. We can frame a long trade with the following details Entry 398 SL 379 Target 424/440 PF setup may guide the price movement and target. Disclaimer : All ...

premanandh premanandh YESBANK, 1D, Long ,
226 1 8

Breakout of upper channel line occuring in yes bank one can see chances for buying

pratik2358 pratik2358 GODREJIND, 1D, Long ,
105 0 7
godrejind buy setup

long set up after a fresh weekly breakout

154 0 4
Rectangle pattern breakout/retest

It has formed a good Rectangle Pattern with alternate touches and good height of 42 points. This simple pattern has broken the channel which could be used for a profitable trading. How to handle it please refer my earlier post and as a target for this pattern we can expect range doubling i.e ...

352 3 10
Unique Parallel Channel Reversal

Price are moving in a parallel channel but in a special way as it touches the same line twice before turning the direction. It has already touched the lower trend line twice so we can expect it to go the upper trend line now. Rectangle pattern may give minor resistance at 505 and on crossing decisively, it may see the 540 level. Disclaimer : All ideas are my ...

76 0 2
Rectangle Bottom reversal

It seems prices were consolidating forming Rectangle pattern and gave breakout today. The setup gives good trade opportunity one can refer my old post How to trade Range Channel here Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

143 0 6


nsakthideva nsakthideva NIFTY, 60, Short ,
233 0 3
NIFTY, 60 Short
NIFTY Rectangle Forming... Possible Breakup 11150

Guys NIFTY form Bullish Rectangle Keep Watch and get profit on OPTION Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such ...

138 0 3
Rectangle Pattern !

Canara Bank has formed a good Rectangle Pattern with alternate touches and good height. This simple pattern has broken the channel which could be used for a profitable trading. How to handle it please refer my earlier post https://in.tradingview.com/chart/HDIL/a6iKquJ6-How-to-trade-Range-Channel/ 1. Enter on the breakout. 2, Enter on the pull back to the breakout ...

102 2 2
Awaiting Breakout or a failure??

Prices have been consolidating a while in a range and soon a breakout is expected on the upside. Right now its hovering around the range high. Will enter long position only after breakout confirmation and closing above 623 for a target of 640. If there is a breakout failure, it can be used to enter short at the range high for a target of 600. Will trade based on ...

136 0 7
Rectangle breakout/Retest

The stock has formed Rectangle and price closed below the lower line on 21.06.18. It has again retested the lower boundary and closed lower depicting the weakness. One can short the stock for a target of 203.50(Range doubling) by keeping the high of today as SL. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya praveen.bhatiya IRB, 1D, Long ,
197 0 7
IRB, 1D Long
Rectangle Pattern

The price action has nicely formed Rectangle Pattern it looks that demand is emerging at this level so one can buy the stock with SL of recent low. In case of close below the lower boundaries one should immediately close the trade even aggressive traders can initiate short trade but that does not seems to have good chances of target as there is support nearby. ...

315 20 5
Failed Rectangle pattern Wash and Rinse Pattern

The stock has formed the Rectangle, gave breakout but instead of moving in the breakout direction or retesting the neckline it is trading below it. Trade mates can take advantage of this failed pattern setup. It may touch the lower side and even further low in due course. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy ...

pratik2358 pratik2358 RELIANCE, 1D, Short ,
165 2 6
will like to go short ( positional view) for 960 and below !!

i think the stock has shown a good run now its time to pause or rest a bit thus may see an uptick on monday in the first half but can be possible to see a good profit booking in the counter !!!! well thats what i think , not necessary market behave the way i think !!!!!

KumarAbhilash KumarAbhilash SBIN, 60, Long ,
330 0 13
SBIN, 60 Long

flag/rectangle breakout expected for 280/300

169 6 3

HI ALL today came across a chart pattern on bajajfinance it is forming channel or box patterns on daily charts within a range of 2150 to 2160 levels can expect some break out on the upper or lower side if price crosses these levels

110 0 2
sensex- monthly doji

june month will be interesting to see https://www.tradingview.com/x/S6VX31IY/ though i expect upmove towards 36476 to test rectangle upper boundary

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