Rising window pattern given for Educational point for BanknifftyOn Candlestick chart pattern Rising window idea given to our members. Now sharing with you for Educational purpose only . Please note candle stick chart is not generate any buying selling ideas. it may higher the probability that trade will work in our side. So see below are the point wise list for Rising window pattern...
1) Stock or index should be in downtrend.
2) Gap between two candles as shown in the chart of today's bankniffty. If the gap is narrow it will more powerful.
3) Downside candles top point becomes the support area of the stock.
4) Target can be taken as per your reward to risk ratio & as per your trading strategy.
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