Tata steel has given the breakout and it may give 1:4 trade.
kajaria ceramic is near bottom line of pattern forming triangle,it seems that it will soon break the triangle.
latent view buy trade because it is about to break triangle pattern, it has also taken support near triangle top line
Indusind buy trade, because it has broken triangle pattern and it is also near horizontal consolidation level
Bought 20000 rs worth share of kotak mahindra bank today @ 9:43 am . The reason for buying is,it is near the bottom of rising channel pattern..The risk to reward is very high..
I bought Jindal steel @238 after breakout from trendline on weekly time frame...there was a 10% movie in 1 hour on 11:00 am candle. This is a channel pattern, expected to move high..lets see...capital employed is 10000 our sl will be around 15% and target will be 30%
we can buy castrol india as it is in monthly time frame consolidation
Patterns are the distinctive formations created by the movements of security prices on a chart and are the foundation of technical analysis. A pattern is identified by a line connecting common price points, such as closing prices or highs or lows, during a specific period.
there is a pattern forming as w can see, important thing is as price reaches next touch in pattern (bottom line), it is also 50% of fib level...and from here price shoots... very important confluence
There are generally three groups of patterns: continuation, reversal, and bilateral. Some traders classify ascending, descending, and symmetrical triangles in a separate group called bilateral patterns, and some only include symmetrical triangles in the bilateral group.
Triangles can be best described as horizontal trading patterns. At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows and the point of the triangle is formed.
wedge pattern is forming in adani enterprises, A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics.
thee is a triangle breakout , instead the entire market is falling... this stock has given 10% move in morning one hour...to most important thing is triangle pattern works
Breakout trading is used by active investors to take a position within a trend's early stages. Generally speaking, this strategy can be the starting point for major price moves, expansions in volatility and, when managed properly, can offer limited downside risk. Throughout this article, we'll walk you through the anatomy of this trade and offer a few ideas to...
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold