Chart Pattern Analysis
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I had some initial doubts when composing my Zomato stock analysis post. This hesitation stemmed from my limited exposure to symmetrical triangle patterns leading to reversals. However, I was pleasantly surprised to discover that the Zomato stock price chart defied my expectations, delivering an impressive nearly 90% profit gain. Previous post: link Read more
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Birla Cable has emerged as yet another high-performing stock in our portfolio, delivering an impressive 129% profit return over the course of approximately three months. This remarkable success can be attributed to the recognition and strategic trading of the symmetrical triangle pattern, also known as the volatility contraction pattern (VCP). The VCP pattern holds substantial… Read more
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I recommended investing in BHEL after observing a breakout from a broadening wedge pattern, followed by a retracement to the 79 level. This pattern played out exceptionally today, as BHEL reached a peak of 134, resulting in nearly a 70% profit for my blog followers. There is still significant untapped potential in this stock. Previous… Read more
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The price chart structure of Antony Waste Handling is similar to that of Tata Motors. In both cases, a descending symmetrical triangle pattern has emerged. However, in the case of Antony Waste Handling, this pattern developed over a larger time frame compared to Tata Motors. Navigating this pattern poses a challenge, particularly when aiming for… Read more
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I purchased shares of Veritas (India) when the price was approximately 139 Rs. Later, in one of my blog posts, I talked about this investment when the stock had reached around 158 Rs. This trade was executed based on a strategy involving a rebound from a symmetrical triangle pattern. The outcome was quite favorable, with… Read more