Bajaj Hindustan Sugar: Symmetrical triangle pattern formation showing on weekly chart. Symmetrical triangle pattern usually form during trend continuation and it works as a coil to move price further in trend. The pattern usually contains two lower highs & two higher lows, which acts like a coil! When these points are connected, the lines converge as they are...
Adani Power shows formation of Ascending triangle pattern with decreasing volume. A triangle is a type of consolidation, and therefore volume tends to contract during an ascending triangle.Breakout with high volume helps confirm the price is likely to keep heading in the breakout direction.
