Learning to catch High Probability Breakouts

[timepass]

TechM closing today at 2486.4

Yup, but that has no relation to any candlestick pattern. Maybe the gap-filling exercise will take it down to 2400 region.

 

[amitrandive]

Support/Resistance with Trendines

 

[amitrandive]

Looks like an "Ending diagonal triangle" pattern on the Nifty.

Also can be a day of Short covering and downtrend may continue.
Same pattern is seen on many stocks.

Seniors any views ?

 

[Somatung]

Looks like an "Ending diagonal triangle" pattern on the Nifty.

Also can be a day of Short covering and downtrend may continue.
Same pattern is seen on many stocks.

Seniors any views ?

No such triangle you mentioned in any way as the support line was never touched as many times as your pattern shows. Did you check any V patterns?

 

[amitrandive]

No such triangle you mentioned in any way as the support line was never touched as many times as your pattern shows. Did you check any V patterns?

Dan

Thanks for your view, I realized that as per the image , the support line was not touched many times.

 

[Somatung]

Dan

Thanks for your view, I realized that as per the image , the support line was not touched many times.

It is or maybe was just a very nice down trend. As per Al's PA trading.: Such nice trends have a least three reversal moments. But you see a nice V bottom, so lets see what is going on as next. Take care / Dan

 

[anilnegi]

Amit ji

a trend change is i think higher low and higher high, hence 1st example can also be a trend change??

anil negi

 

[XRAY27]

Looks like an "Ending diagonal triangle" pattern on the Nifty.

Also can be a day of Short covering and downtrend may continue.
Same pattern is seen on many stocks.

Seniors any views ?

This is not any vaild pattern...definitely not diagonal triangle

 

[Somatung]

This is descending broadening wedge ... not diagonal triangle...

:lol::lol: Help, what is it now, help :lol::lol: or I die. Next try:

Start of a perfect V bottom: http://thepatternsite.com/vtopbot.html on the first little picture he shows and not on the second.

 

[XRAY27]

:lol::lol: Help, what is it now, help :lol::lol: or I die. Next try:

Start of a perfect V bottom: http://thepatternsite.com/vtopbot.html on the first little picture he shows and not on the second.

Changed..dear dan it is not descending broadening edge!!! nice making of pattern..the V bottom !!! in air (in middle of trend)i'm in confusion!!!!!:lol::rofl: