Please find different types of chart patterns 1. Pole and flag chart pattern - it is a continuation chart pattern. In uptrend when prices when up upto level then prices got consolidation for some time and again shoot up further. Similarly in downtrend as well. 2. Cup and handle chart pattern - it is a bullish chart pattern. It takes time to form in shape of a cup...
Bearish reversal patterns double top pattern - prices go to almost same level twice and fall back and if support at base of pattern is broken by reasonable volume, it downs further. head and shoulder pattern - 2 shoulders and 1 head. here level of head should be higher than both shoulders. although level of both shoulders may not be equal and it is accepted. lows...
On 25th Oct 2019, trend reversal happened in SBI bank. on that day, candle was bullish engulfing with significant rise in volume, along with EMA 5 positively crossed over EMA 26 hence changed the direction of trend. Although it could not continue this uptrend and again down fall when EMA 5 negatively crossed over EMA 26.
After breaking the support line on 28th Sept'18, this sideways trend converted into downtrend
In HDFC bank Chart, Support of trendline was broken on 4th March'20 but before it on 14th Feb'20, 5 EMA negatively crossed over 13 EMA and gave early warning of breakdown.
Identified 5 types of bearish candlestick patterns for understanding.
Identified 5 bearing candlestick patterns - bearing candle, bearish piercing, inverted hammer, evening star and bearing engulfing.
Identified 5 types of bullish candlestick patterns