JSW Infrastructure Limited - Looks Good!
Aggiornato
Pattern : Symmetrical Continuation Triangle (Bullish)
The recent price action indicates a breakout from a consolidation phase, signaling a potential extension of the previous uptrend.
A Symmetrical Continuation Triangle (Bullish) is characterized by two trendlines converging as the price forms lower highs and higher lows. During this formation, trading volume tends to decrease as the price fluctuates within a narrowing range, reflecting uncertainty among market participants.
Prior to the triangle reaching its apex, there is a notable breakout above the upper trendline accompanied by a significant increase in trading volume.
This breakout serves as confirmation of the pattern, suggesting a continuation of the preceding uptrend.
Also there is divergence between Price and MACD.
PLEASE NOTE THAT:
The recent price action indicates a breakout from a consolidation phase, signaling a potential extension of the previous uptrend.
A Symmetrical Continuation Triangle (Bullish) is characterized by two trendlines converging as the price forms lower highs and higher lows. During this formation, trading volume tends to decrease as the price fluctuates within a narrowing range, reflecting uncertainty among market participants.
Prior to the triangle reaching its apex, there is a notable breakout above the upper trendline accompanied by a significant increase in trading volume.
This breakout serves as confirmation of the pattern, suggesting a continuation of the preceding uptrend.
Also there is divergence between Price and MACD.
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
Trade chiuso: obiettivo raggiunto
Educational Target Closed!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.