Technical Analysis of EPL and ASAHIINDIA Pattern: Double bottom pattern Time frame: Weekly Observation: The stock had been in a downward trend since August 2020 before stabilizing and forming a double bottom pattern on its weekly chart. In August 2024, it broke out of this pattern with solid volume,...
Cup and Handle Pattern Introduction: In the vast landscape of technical analysis, patterns emerge as valuable tools for traders seeking to understand market movements and make informed decisions. Among these patterns, the cup and handle pattern stands out as a reliable indicator of potential bullish...
What is MACD..? With the increasing participation in the stock market, we are constantly in need of tools and indicators to help them make informed decisions. One such tool that is recognized to be significant popularity and useful among traders is the MACD. This versatile tool, developed in the lat...
What is RSI? As the interest of investors in increasing towards Stock Markets, people are constantly seeking tools and indicators to help them make informed decisions. One such tool that has gained significant popularity among traders is the Relative Strength Index (RSI). RSI is a momentum oscillato...
What is a Head & Shoulder pattern? In the world of finance, we often draw parallels to the human form. An uptrend, like a healthy spine, shows strength and stability. The left shoulder, akin to the body's foundation, represents stability. The head, the pinnacle of achievement, is akin to the mind's ...