KDDL Descending broadening wedge pattern. KDDL formed a strong base pattern of 34 weeklong, despite that prices are not able to clear pattern high convincingly and coiling in an upward inclined channel just below the pattern high. As long as prices stays in channel it is ok and will wait for prices...
Birla Cables Invest in it for long term price appreciation. Oh Yes! Another symmetrical triangle pattern BO on cards. I love to trade these setups as I have made significant profit trading this. I missed the pocket pivot entry at bottom. Right now, I will not trade this because immediate demand is ...
Chemfab Alkalis – inverted head & shoulders breakout Inverted head & shoulders at key supports are most reliable patterns to trade. In below chart 4-yearlong rounding bottom breakout coupled with 21-weeklong inverted head and shoulders pattern at BO levels is an example of the same. Disclaimer: Thi...
Veritas (India) An adopted child of Swan Energy Ltd. Swan Energy, recently broken out of a 125 weeklong descending triangle pattern. Interesting thing to notice was that a classic symmetrical triangle pattern formation of 16 week just below breakout level. Presently prices are retesting breakout le...
Is Zomato bottoming out? Symmetrical triangle pattern. 47-week premature base in the shape of symmetrical triangle is reflecting in Zomato chart. Though symmetrical triangles are not strong reversal patterns, but it came in existence after breakout of 34-week descending broadening wedge pattern....