Get started

Search in ideas for "CHART"

VIKASECOTECH BULLISH with Barrier Trianglethe chart currently running in Flat ABC correction that is major. in Flat ABC correction currently running with "Barrier Triangle" with ABCDE waves. now as we can see the "E" is completed, now just wait for the breakout to happen, after breakout we can see impulse with 5 wave. for trade wait for daily candle to give closing above 4.15, once we got daily candle closing above 4.15 we will see an Impulse with approx target of 28-30.
NSE:VIKASECOLong
by Chartists_Chart
1
10 Most Popular & Trusted Chart Patterns10 Most Popular & Trusted Chart Patterns Chart patterns are crucial tools for traders to predict price movements in financial markets. They help traders predict future trends and the direction of a stock or any other security. In this article, we'll explore the 10 most popular and trusted chart patterns, covering both continuation patterns that signal a trend's persistence and reversal patterns that indicate a trend change. 10 Popular and Trusted Chart Patterns These are 10 of the popular and reliable chart patterns used for technical analysis as below. 1. Head and Shoulders The head and shoulders pattern on a chart features a prominent peak with two smaller peaks on either side. Traders analyze this pattern to anticipate a shift from bullish to bearish trends. Usually, the first and third peaks are smaller than the central peak, and they all retreat to a common support level called the 'neckline'. When the third peak declines to this support level, it often leads to a breakout into a bearish downtrend. 2. Double Top/Bottom The Double Top pattern is a chart formation indicating a potential trend reversal in trading markets. It forms after an uptrend when the price reaches a peak (the first top), retraces, and then rises again to a similar peak (the second top), forming a resistance level. This pattern suggests that buyers are becoming less aggressive, potentially leading to a downtrend as sellers gain control and push prices lower after failing to surpass the resistance level. 3. Double Bottom The double bottom on the charts indicates a change in market direction from bearishness to possible bullishness. It appears after downtrends when the price goes down to a low level twice (as two ‘bottoms’) but it does not decline further on each occasion. This pattern suggests that selling pressure has weakened and buyers may start pushing prices higher. Traders often see it as a signal to anticipate a potential upward movement in the market. 4. Rounding Bottom The Rounding Bottom, or saucer bottom, is a bullish chart pattern signaling a potential reversal from a downtrend to an uptrend. It occurs when prices gradually dip to a low point and then start rising slowly and steadily in a curved shape like a bowl. Traders look for this pattern as it suggests a shift in sentiment from selling pressure to buying interest, indicating a possible opportunity to enter long positions as the trend reverses upwards. 5. Cup and Handle The cup and handle pattern is bullish and indicates a brief period of negative market sentiment before the main uptrend resumes. The cup resembles a rounding bottom pattern, while the handle resembles a wedge pattern, as discussed later. After forming the rounding bottom, there's typically a temporary pullback called the handle, confined within parallel lines on the price chart. The asset eventually breaks out of this handle phase and continues its upward trend. 6. Wedges Wedge patterns in trading are formed by converging trendlines that slope either upward or downward. A rising wedge is bearish, suggesting potential price declines, as the highs and lows tighten over time. On the other hand, a falling wedge is bullish, indicating potential price increases, as the highs and lows also converge but in a downward direction. Traders look for breakouts from these patterns to confirm trend continuations or reversals, using them to anticipate future price movements in the market. 7. Pennant or Flags A pennant is a short-term chart pattern that forms after a strong price movement, resembling a small symmetrical triangle. It represents a temporary consolidation or pause in the trend, where the price moves within converging trendlines that resemble a pennant shape. Typically, a pennant is a continuation pattern, suggesting that after the brief consolidation, the prior trend is likely to resume. Traders often watch for a breakout above or below the pennant's trendlines to confirm the direction of the next significant price movement. 8. Ascending Triangle An ascending triangle is a bullish pattern. It forms when the price moves upward within a confined area, with a flat resistance level and a rising support trendline. Traders interpret this pattern as a sign of increasing buying pressure as the price repeatedly tests the resistance level. Typically, when the price breaks above the horizontal resistance line of the triangle, it often continues upward, making it a potential signal for traders to enter long positions or to expect further bullish movement in the market. 9. Descending Triangle The Descending Triangle pattern is a bearish continuation pattern in technical analysis. It forms when the price action creates a horizontal line (support) and a descending trendline (resistance). Traders interpret this pattern as a signal that the downtrend is likely to continue, as sellers become more aggressive near the resistance level while buyers fail to push the price higher. 10. Symmetrical Triangle The symmetrical triangle pattern in technical analysis shows a period of indecision in the market, with converging trendlines forming a triangle shape. It doesn't indicate a clear bullish or bearish bias initially. Traders watch for a breakout above the upper trendline for a potential bullish continuation or below the lower trendline for a potential bearish reversal. It's important to confirm the breakout with increased volume to validate the pattern's significance. Conclusion Learning about chart patterns helps you understand how markets behave. While these patterns give important clues, remember that no strategy always works perfectly. It's important to use them with other indicators and manage risks carefully. By being patient and staying disciplined, you can make informed decisions that fit your trading plans.
NSE:FINNIFTY1!
by Dhan
Bank Nifty: 15-Min Chart Anticipating Bullish BreakoutIn the realm of technical analysis within the financial markets, particularly in the context of the Bank Nifty index, a captivating opportunity has emerged on the 15-minute timeframe chart. This opportunity is rooted in a pattern known as the "inverted head and shoulders" – a reliable and often powerful reversal pattern. Visualize the price movement as depicted on the chart: a distinctive pattern emerges, resembling the silhouette of a person's head and shoulders, but in an upside-down orientation. This pattern comprises three key components – two lower troughs flanking a higher trough situated at the center. The outer troughs, known as the "shoulders," frame the central, higher trough termed the "head." The significance of this pattern lies in its predictive ability. Historically, an inverted head and shoulders pattern has been a precursor to bullish market movements. It symbolizes a transition from a downward trend to an upward one. The breakout from the pattern's neckline, which connects the highest points of the shoulders, is the pivotal point. This breakout is often accompanied by a surge in trading volume, signifying increased market interest and conviction. In the context of the Bank Nifty at the 15-minute timeframe, the emergence of this inverted head and shoulders pattern suggests that a notable shift in market sentiment may be underway. Traders and investors keen on this potential opportunity are eyeing the breakout point, as it could trigger a series of buy orders and propel the index's value in an upward trajectory. It's important to note that while the inverted head and shoulders pattern is a powerful indication of potential market movement, no analysis is without risk. Market dynamics are influenced by a multitude of factors, and patterns alone can't guarantee outcomes. Traders and investors must exercise prudence, consider risk management strategies, and ideally, complement technical analysis with fundamental insights.
NSE:BANKNIFTYLong
by AkshathTiwari
1
METROBRANDWhat Is a Rounding Bottom? A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem, where volume confirms the price action. How a Rounding Bottom Works A rounding bottom looks similar to the cup and handle pattern, but does not experience the temporary downward trend of the "handle" portion. The initial declining slope of a rounding bottom indicates an excess of supply, which forces the stock price down. The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand for the stock. Once the rounding bottom is complete, the stock breaks out and will continue in its new upward trend. The rounding bottom chart pattern is an indication of a positive market reversal, meaning investor expectations and momentum, otherwise known as sentiment, are gradually shifting from bearish to bullish. The rounding bottom chart pattern is also known as a saucer bottom given the visual resemblance and bowl-like appearance. The recovery period, much like the downturn, may take months or years to coalesce; thus, investors should be aware of the potentially lengthy patience necessary to realize a full recovery in stock price. #Watchlist #METROBRAND (D):-CMP 737.2 Looks Good For More Upsides :) #Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions. #StockToWatch
NSE:METROBRANDLong
by Charts_insiders
2