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Bullish Continuation Diamond Pattern

CG POWER AND INDUS (NSE:CGPOWER)  
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Triangle diamondpattern breakouttrading breakoutsignal indianstocksanalysis indianstockmarket
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triangle diamondpattern breakouttrading breakoutsignal indianstocksanalysis indianstockmarket
CGPOWER - Continuation Diamond Pattern (Bullish)

Following a period of consolidation, the price has surged upwards, indicating a potential continuation of the previous upward trend.

The sequence typically initiates within a downtrend, where prices form higher highs and lower lows in a broadening pattern.
Subsequently, as highs reach their peak and lows begin to ascend, the trading range gradually contracts.
Upon the breakout beyond the boundary lines of this diamond-shaped pattern, it signals the revival of the prior uptrend.

PLEASE NOTE THAT:
  • This chart analysis is only for reference purpose.
  • This is not buying or selling recommendations.
  • I am not SEBI registered.
  • Please consult your financial advisor before taking any trade
Dagangan ditutup: sasaran tercapai:
EDUCATIONAL TARGET CLOSED!
Penafian

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