Chart Pattern Analysis

Our keen eye for patterns served us well when we noticed the symmetrical triangle formation in ICEMAKE’s stock chart in our previous blogpost. The triangle pattern, characterized by its converging trend lines, often signals an impending breakout or breakdown. In the case of ICEMAKE, the stock price successfully broke out from the triangle pattern, confirming… Read more

In our previous blog post, we delved into the art of recognizing patterns in price action trading and discussed how we identified the descending broadening wedge pattern in the stock chart of Power Mech projects back at 2004 price level. This insightful observation allowed us to capitalize on a breakout from a head and shoulders… Read more

After the release of its Q1 results, the shares of Elecon Engineering company experienced a significant surge of 14%. I had purchased these shares previously at around Rs. 397, as mentioned in the previous article. During the first quarter, Elecon Engineering Company witnessed a remarkable 72.6% increase in its net profit, reaching Rs. 73 crore… Read more

Titan Company’s stock reached an all-time high following a robust update on its performance during the June quarter. However, some investors are expressing concerns about the stock’s steep valuation. Currently, Titan is trading at a multiple of 65 times its estimated earnings for the fiscal year 2024, which positions it at the upper end of… Read more