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VEDL will continue to move upward in the channel, finding support at the lower levels
The variation was the AC ratio. Hence the pattern was active but failed to meet the target and hit SL instead. Trailing SL could've closed the position in profits
The pattern was complete with near perfect ratios, yet the trade hit SL with 1:1 RR. No TG2 setup hence.
The formation is complete with closer ratios. TG1 & TG2 met without any drawdowns
The Bat Pattern Completed with next to perfect ratios and TG1 & TG2 both met
Wipro Weekly Bearish Formation
Bullish Bat Formation
This is perfect bat formation at play
Channel has broken, the upper channel will now act as support
Post Bat pattern
Potential Bat Pattern
Could have been a Bat Pattern
Potential Bat formation, will need to wait and see if it falls in line
A smaller channel identified within a larger channel. If it breaks the upper side of the smaller channel, It will continue on it's onward path towards the upper boundary of the larger channel.
It will continue on the upward path once it breaks the resistance at top
Going short if it touches the 260 level again, price has been rejected twice in two days.
This level has been resistance for CEAT for a few sessions. It has also been a support earlier. If it breaks, then there will be a massive upmove towards filling the earlier gap.
The channel could break on the upper side. If it doesn't break, then the channel will continue on the downtrend