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nikhilchhabra
About me Sharpening my edge ;) Call me a greedy bull ;D
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Markets Allocation
48 % stocks 33 % indices 19 % commodities
Top Mentioned Symbols
CNXFINANCE 19% | 4 NIFTY1! 14% | 3 NIFTY 14% | 3 NAZARA 5% | 1
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ascending ascendingtriangle ascendingtrianglebreakout banknifty bankniftyanalysis breakout breakouts chartpattern cupandhande cupandhandlebreakout cupandhandlebullish cupandhandlelong cupandhandlepattern descendingtriangle doubletop doubletoppattern emacrossover fibbonachi fibonacci fibonaccianalysis fibonacciretracement finnifty finniftyanalysis finniftyintraday finniftylevels finniftyoptionbuying finniftypredection flagandpole flagandpolepattern gapdown gapfill gapup gapupfill goldencross gta gta6 havells head_and_shoulder headandshoulders headsandshoulders index indexanalysis indextrading indicator intraday levels levelsandzones longcall mazadockshipbuilders mazagon mazdock nazara nazaratech nazaratechnology nifty nifty50 niftyfinancialservices niftylevels niftypatterns niftyprediction niftytradesetup niftytrading niftytrend niftyview optionstrading pattern relativestrengthindex reliance relianceindustries rockstar rockstargames symmetricaltriangle taketwointeractive trendanalysis trendline trendlineaim trendlineanalysis trendlinebreak trendlinesmatter trendpattern triangle trianglebreaout trianglepatternbreakout trianglepatterns trianglepattren zomato Less Tags Show All Tags
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Ascending Triangle Pattern
CNXFINANCE
, 15Long
CNXFINANCE: Ascending Triangle Pattern

Fin Nifty breakout after consolidation from ascending triangle pattern. As I have repeatedly observed, patterns work the most in markets over anything else. This movement would not have been captured by any indicator as they are mostly lagging in nature. However, observing the price action gives one the advantage of knowing in advance how the price could perform.

Patterns do work!
BANKNIFTY1!
, 15
BANKNIFTY1!: Patterns do work!

As it can be seen, there was a contracting triangle breakout yesterday on Banknifty followed by a Bearish Descending Triangle breakout today. More than anything on chart, patterns work most.

Federal Bank 💹
FEDERALBNK
, 1DLong
FEDERALBNK: Federal Bank 💹

Just starting my journey. Feedback appreciated! Special thanks to @bharatTrader for providing the wonderful Nifty RSI Indicator tool.

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