HAVELLS (BREAKOUT )
A symmetrical triangle breakout is a common pattern in technical analysis. Here’s a quick overview:
Symmetrical Triangle Pattern
Formation: This pattern forms when the price of a stock consolidates, creating two converging trend lines with opposite slopes. These trend lines connect a series of sequentially lower peaks and higher troughs1.
Indication: It represents a period of consolidation before the price breaks out, either upwards or downwards1.
Breakout: The direction of the breakout (above the upper trend line or below the lower trend line) indicates whether the trend will be bullish or bearish1.
Trading the Breakout
Bullish Breakout: If the price breaks above the upper trend line, it signals a potential upward trend.
Bearish Breakout: If the price breaks below the lower trend line, it indicates a potential downward trend.
Symmetrical Triangle Pattern
Formation: This pattern forms when the price of a stock consolidates, creating two converging trend lines with opposite slopes. These trend lines connect a series of sequentially lower peaks and higher troughs1.
Indication: It represents a period of consolidation before the price breaks out, either upwards or downwards1.
Breakout: The direction of the breakout (above the upper trend line or below the lower trend line) indicates whether the trend will be bullish or bearish1.
Trading the Breakout
Bullish Breakout: If the price breaks above the upper trend line, it signals a potential upward trend.
Bearish Breakout: If the price breaks below the lower trend line, it indicates a potential downward trend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.