Chart Pattern Help

#1
Frnds,

I am new to technical analysis and learning the concepts.
During this I am trying to analyse using chart patterns. In the attached screen shot I am trying to analyse Vijaya bank stock, where I am seeing symmetrical triangle pattern. please correct me if I am wrong.


thx,
Mullangi
 
Last edited:

raul12

Active Member
#2
Frnds,

I am new to technical analysis and learning the concepts.
During this I am trying to analyse using chart patterns. In the attached screen shot I am trying to analyse Vijaya bank stock, where I am seeing symmetrical triangle pattern. please correct me if I am wrong.


thx,
Mullangi

mullangi13,

You are broadly correct about symmetrical triangle pattern here.
But the way you've drawn trend lines is what am sceptical about hence I'd only trade on this once I get a STRONG break from the pattern(i.e thick body candle).
 

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