Trend:
The primary trend (big picture) is downward. Bearish momentum is weak.
Short Term Trend : sideways / consolidation. Momentum in sideways trends is usually weak and indecisive. Sideways within a long term downtrend is often a continuation pattern.
Reasons:
Market Uncertainty: Waiting for news, earnings, or macro events.
Accumulation/Distribution: Smart money prepares for the next move (either continuation or reversal).
Pattern : Symmetrical Triangle Pattern
The pattern represents a temporary pause in the prevailing trend. The symmetrical triangle is considered a continuation pattern. This means that the price is likely to continue in the direction of the trend that preceded the triangle's formation. Neutral pattern until the breakout direction is confirmed.
Key levels :
R2 - 214
R1 - 206
S1 - 193
S2 - 186
Tips for Trading
Wait for a confirmed breakout (e.g., a daily candlestick close above/below the trendline) to avoid false signals
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Note :
If you’re interested in receiving detailed technical analysis reports on your selected stocks, feel free to reach out to me. I can provide you with customized reports covering trends, key levels, momentum, patterns, and price projections to support your investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.