A breakout from a consolidation pattern signals a victory by either buyers or sellers over the other. Standard breakout trading techniques include buying long and covering short when prices break through the resistance level, or selling short and covering long when prices drop below support. More conservative traders look for some confirmation before entering...
GAIL IS MAKING FLAG AND POLE PATTERN The flag and pole pattern is a bullish pattern . Pole represents the trendy market and Flag represents the consolidation in a tight range. Flag patterns have five main characteristics: 1. The preceding trend 2. The consolidation channel 3. The volume pattern 4. A breakout 5. A confirmation where price moves in the same...
The stock price is at major RESISTANCE and it is tested many times. It is also trying to the making of DOUBLE TOP PATTERN. If there is any reversal candle then short trade can be initiated and we can confirm the double top pattern. But for going long you should wait for the closing of 15 min candle with good volumes. HOW DOUBLE TOP PATTERN WORKS A double top is...
GRASIM IS MAKING FLAG AND POLE PATTERN The flag and pole pattern is a bullish pattern . Pole represents the trendy market and Flag represents the consolidation in a tight range. Flag patterns have five main characteristics: 1. The preceding trend 2. The consolidation channel 3. The volume pattern 4. A breakout 5. A confirmation where price moves in the same...
INDRAPRASTHA GAS (IGL) IS MAKING FLAG AND POLE PATTERN The flag and pole pattern is a bullish pattern . Pole represents the trendy market and Flag represents the consolidation in a tight range. Flag patterns have five main characteristics: 1. The preceding trend 2. The consolidation channel 3. The volume pattern 4. A breakout 5. A confirmation where price moves...
DLF IS MAKING FLAG AND POLE PATTERN The flag and pole pattern is a bullish pattern . Pole represents the trendy market and Flag represents the consolidation in a tight range. Flag patterns have five main characteristics: 1. The preceding trend 2. The consolidation channel 3. The volume pattern 4. A breakout 5. A confirmation where price moves in the same...
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a...
BANKNIFTY IS MAKING FLAG AND POLE PATTERN The flag and pole pattern is a bullish pattern. Pole represents the trendy market and Flag represents the consolidation in a tight range. Flag patterns have five main characteristics: 1. The preceding trend 2. The consolidation channel 3. The volume pattern 4. A breakout 5. A confirmation where price moves in the same...
The stock price is at major RESISTANCE and it is tested many times. It is also trying to the making of DOUBLE TOP PATTERN. If there is any reversal candle then short trade can be initiated and we can confirm the double top pattern. But for going long you should wait for the closing of 15 min candle with good volumes. HOW DOUBLE TOP PATTERN WORKS A double top is...
BANKNIFTY IS MAKING FLAG AND POLE PATTERN Flag and pole is a bullish pattern. I it breaks the channel upside stock price makes a new high. But if it breaks the downside then it will no good breakout. How flag and pole pattern work:- Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional...
This is a nifty analysis. And it is showing ASCENDING TRIANGLE PATTER. And it is a BULLISH PATTERN. HOW ASCENDING TRIANGLE WORKS An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two...
Flag and pole is a bullish pattern. I it breaks the channel upside stock price makes a new high. But if it breaks the downside then it will no good breakout. How flag and pole pattern work:- Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically...