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W-pattern

Potential Consolidation BreakoutUnitech Ltd. is in a consolidation for a long time now. A triangle pattern called 'Descending Triangle Pattern' is forming on the 4 Hour time frame. Although, the text book definition of a 'Descending Triangle Pattern' is that the price usually break to the downside, however, that's not always the case. Also, the RSI shows divergence + there is also an ongoing 'Flag Setup'. I will link my 'Flag Setup' idea below. We'll wait for the breakout from the pattern and decide what our Target and Stop Loss should be. Do tell me what you think. Sincerely, Dpk.Htkr
NSE:UNITECH
by Dpk.Htkr
3
Raymond : The Complete Man !Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above : i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine. ii) If you don't trade simple patterns, then you can consider this as simple pullback to retest 810's, so on Reversal confirmation go for long trades, if its in your plan If you go for hourly timeframe, you can see more of ranging market in Raymond which awaits a breakout & the downside breakout : lets not play with it. So if only the upside bullish momentum is seen, we get long in Raymond. Happy Trading !
NSE:RAYMONDLong
by InsiderB
2
DHFL : Housing Structure Collapsing ?Simple consolidation breakout, the breakout is on right now, once its confirmed , Check with your plan & take trade positions in DHFL Note : If you have doubts on, if we reverse our trade on false breakout, why we need to take that unnecessary loss on one side ? Well, we have tried here in tradingview itself manytimes, that reversing on false break covers the loss & either makes us break even or gets us something ( A little is ok when there is nothing ).
DShort
by InsiderB
4
IBULHSGFIN completed shark and ready for reversalIBULHSGFIN in shark PRZ showing weakness and if its unable to close above 891 we can go for a dip in it. CMP 864.5 SL 891 TGT1 779 TGT2 718 Risk-Reward Analysis Entry 866.5 SL 891 Target 1 779 Target 2 719 Reward min 87.5 Reward max 147.5 risk 24.5 ROR1 3.6 ROR2 6 If you feel SL is big wait for the pullback in lower timeframe and can short it. Disclaimer: All the views shared are for educational purpose and my self improvement purpose from other senior traders. if you find any scrip interesting plz do your own analysis or consult SEBI registered financial advisors before taking trading decision.
I
by koolshanin