Triangle Pattern is formed, it can breakout if market sentiment is positive.
This stock is trading in the same range and forming inside candles of a big candle. If it breaks the range, towards downside, we can easily capture 10-15 points.
Triangle Pattern formation + High Volume = Breakout is Possible
We can see a clear Cup & Handle Classical Pattern formation, it can breakout if market sentiment is positive.
We can see a clear flag pattern formation. If market sentiment is positive, this can breakout.
For the past 20 days, this stock has been in trading in range. If the market sentiment is positive, this can breakout of its trading range.
We can see there is a clear range breakout and the price is near whole number ( Psychological Level) ~ 3000. If Market sentiment is positive, this might be a good buying opportunity for intraday.
If the low of big candle is broken, we can go short. Trend line breakdown. A big candle formed by a big player. Then a pause candle (inside candle), hence when big candle's low is broken, the momentum may be faster since the buyer's SL will be hit creating immense selling pressure.
The Resistance level has been tested 5 times. It can breakout if market sentiment is positive.
As mentioned in the chart, the asset has taken resistance at the same level 4 times and coming again ie the resistance level has become weak. A clear ascending triangle pattern and a chance for breakout if the market sentiment is postive. Cheers.
Clear Ascending Triangle + Increasing Volume = Breakout