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Ascending Triangle Pattern
CNXFINANCE
, 15
Long
CNXFINANCE: Ascending Triangle Pattern

Fin Nifty breakout after consolidation from ascending triangle pattern. As I have repeatedly observed, patterns work the most in markets over anything else. This movement would not have been captured by any indicator as they are mostly lagging in nature. However, observing the price action gives one the advantage of knowing in advance how the price could perform.

Patterns do work!
BANKNIFTY1!
, 15
BANKNIFTY1!: Patterns do work!

As it can be seen, there was a contracting triangle breakout yesterday on Banknifty followed by a Bearish Descending Triangle breakout today. More than anything on chart, patterns work most.

Federal Bank 💹
FEDERALBNK
, 1D
Long
FEDERALBNK: Federal Bank 💹

Just starting my journey. Feedback appreciated! Special thanks to @bharatTrader for providing the wonderful Nifty RSI Indicator tool.

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