Category: Pattern
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CG Power Breakout: Stock Surges with Volume, Retests Support
Key Levels to Watch After CG Power Breakout Introduction CG Power and Industrial Solutions (CG) is a global engineering conglomerate specializing in solutions for power generation, transmission, distribution, and rail transportation. With a rich history dating back to 1937, CG is recognized for its technological expertise and commitment to innovation in the electrical energy sector.…
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Larsen & Toubro Cup and Handle Pattern Signals Bullish Breakout Potential
What Does the L&T Cup and Handle Pattern Mean? Are you watching Larsen & Toubro (L&T) stock? The formation of a cup and handle pattern indicates a potential bullish breakout could be on the horizon. This pattern is a favorite among technical traders as it signals a possible continuation of an existing uptrend. Read more…
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How to Trade Channels: Understanding the Upper Channel Line Break Sell Rule
Technical analysis plays a crucial role in helping traders identify potential buying and selling points in the stock market. One key technique within technical analysis is understanding how to trade channels. A prominent strategy within this realm is the Upper Channel Line Break Sell Rule. Let’s break it down. What is an Upper Channel? Within…
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Mastering Three Important Base Formations in Stocks: Double Bottom, Flat Base, and Cup and Handle
Introduction Understanding base formations in stocks is crucial for successful trading and investing. Among the various patterns, three stand out as particularly significant: the Double Bottom, Flat Base, and Cup and Handle. Let’s delve into each of these formations and unravel their importance in stock analysis. Double Bottom: The Double Bottom pattern is a bullish…