two possibilities in nifty indicated by to colour. everytime nifty breakout sloping trendline BUT FAIL . DONT play breakout stock.
stock form declining channel, near lower support zone forming double bottom
risky trade. itc form channel pattern, stock near loer support zone
kotak form expanding pattern stock have strong support zone near 1630
hdfc form rising channel with HH&LH. may be stock reverse from here or give false breakdown then go up
stock form higher high & lower high pattern (raising channel pattern)
stock form falling wedge pattern . mapmyindia breakout the pattern
stock form higher high and lower high (raising channel pattern) stock @ lower support zones
Momentum play . In hourly chart falling trendline breakout. In daily chart a bullish engulfing candlestick pattern form.
break all time high in higher time frame. in daily time frame axis form higher high & lower high .
expanding pattern in forming . may be sgx touch its lower edge of expanding pattern
stock form rising channel pattern with higher high and lower high. stock at lower support zone