Dabur india is forming a FLAG PATTERN ... NSE:DABUR ... ... ... SHARE YOUR VIEWS.
Triangle ABC AB= 253.45 BC= 50% of AB(386.3) Potential reversal zone And stock is Expected to fall. NSE:SUNTV
This is one of the Trend Continuation chart pattern. Bearish Symmetrical Triangle. . . . . . Do share your View on this Pattern.
Head & Shoulder Pattern. Hourly Chart Educational Do share your Views.
If you look at point Z Stochastic it is also is over bought Zone. The 1.618 is Fibonacci's Primary No. which yields most possibility of reversal. NSE:ADANIPORTS
The point of origin of trend lines are from 2009 low. Red Trend Line is Fibonacci based(.786) trend line which has shown a perfect Reversal point for this unpredictable situation at POINT A. And a green one is (.618) trend line which at POINT B can resists price form moving up. FIRST IDEA.