Alkem Laboratories, part of the pharma sector, gave a breakout from a rectangle pattern on the weekly charts which has opened room for the stock to hit a fresh 52-week high in the next 3-6 months, ...
CRISIL Ltd, part of the financial services industry, has rallied by more than 10% in a week pushing the stock to a fresh record high in November and the chart structure suggests that the rally may not ...
The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Rather than modern technical analysis, which relies on indicators, ...
Breakoutscan generally offer some of the higher potential risk/reward setups, allowing traders to keep stops tight relative to potential profit target. One very popular way of doing so is by trading ...
A. A chart pattern is a visual representation of price movements. When data is plotted, a pattern naturally occurs and repeats over a period of time. In short, they are geometric shapes found in ...
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