Power of Chart Patterns 12th February, 2019 Chart Patterns: Chart patterns are used as either reversal or continuation signals. There are 3 main types of chart pattern which are currently used by technical analysts. Traditional chart pattern, Harmonic pattern & Candlestick pattern. Chart patterns provide a framework to analyze the battle raging between bulls and bears. More importantly, chart patterns and technical analysis can help determine who is winning the battle, allowing traders and investors to position themselves accordingly. Use Trend lines, view higher time frames and closings to initiate positional trades. Source –Own observations and findings Focus – Traditional Chart Patterns • Continuation Patterns • Cup with Handle • Flag, Pennant, Price Channel • Symmetrical Triangle • Ascending Triangle • Descending Triangle • Rectangle Source - Own observations and findings Focus – Traditional Chart Patterns • Reversal Patterns • Falling Wedge • Rising Wedge • Head and Shoulders Top • Head and Shoulders Bottom • Rounding Bottom • Double Top Reversal • Double Bottom Reversal • Triple Top Reversal • Triple Bottom Reversal Source - Own observations and findings 200.20 Falling wedge- bullish HINDALCO [N1363] 200.20, -2.77% 0.00 Price Lnr IRIS 02/09/16 Fri Op 155.00 160 Hi 164.70 Lo 154.50 155 Cl 157.25 150 145 140 135 130 125 120 115 28 110 105 100 95.00 90.00 85.00 8 80.00 75.00 70.00 1 2 65.00 Source : www.SpiderSoftwareIndia.Com 2 60.00 Vol Cr 10.00 Qt 4.37 5.00 1.24 RSI(14,E,9) 1 2 80.00 Rs 77.62 Rs 75.23 60.00 40.00 15:M A M J J A S O N D 16:J F M A M J J A S Wkl Source – Spider Software Pvt LTD Rising Wedge- Bearish ADANIPORTS [N15083] 326.00, -1.66% 0.00 Price Lnr IRIS 08/01/16 Fri D 0 370 Op 264.45 Hi 266.50 360 Lo 239.35 Cl 241.40 11 350 340 330 326.00 320 310 300 290 280 270 260 250 10 240 230 220 210 200 190 180 170 160 150 140 130 Source : www.SpiderSoftwareIndia.Com 120 Vol Cr 6.00 Qt 1.58 4.00 2.00 0.54 13:M J J A S O N D 14:J F M A M J J A S O N D 15:J F M A M J J A S O N D 16:J Wkl Source - Spider Software Pvt LTD 10889.10 Head & Shoulders NIFTY [N59901]10889.10, 0.00% Price Lnr IRIS 9000 8800 8600 8400 8200 8000 28 7800 7600 7400 7200 7000 6800 6600 6400 6200 Source : www.SpiderSoftwareIndia.Com 6000 Vol Cr 180 120 58.9260.00 13:ON D 14:J F M A M J J A S O N D 15:J F M A M J J A S O N D Dly Source - Spider Software Pvt LTD CADILAHC [N7929] 321.30, -0.96% Price Lnr IRIS 560 D 0 D 0 550 Patterns - Flag and Pennant 540 530 520 510 500 490 480 470 460 450 440 430 420 4 410 400 390 380 0 370 23.60 360 50.00361.04 350 75.00352.13 100.00343.69 340 113.00 335.25 330 138.20330.86 321.30 161.80322.36 320 Source : www.SpiderSoftwareIndia.Com 314.39 Vol Lk 100 50.00 3.53 16:A S O N D 17:J F M A M J J A S O N D 18:J F M A M J J A S O N D 19:J F Dly Source - Spider Software Pvt LTD Double top- Double bottom DRREDDY [N881] 2613.95, -0.05% 0.00 Price Lnr IRIS 18/05/16 Wed Op 3015.50 D 0 4350 Hi 3045.00 Lo 3000.00 4275 Cl 3025.30 4200 4125 4050 3975 3900 3825 3750 3675 3600 3525 3450 3375 3300 3225 3150 3075 3000 2925 2850 Source : www.SpiderSoftwareIndia.Com 2775 Vol Lk 40.00 Qt 2.51 2613.95 20.00 7.25 14:D 15:J F M A M J J A S O N D 16:J F M A M Dly Source - Spider Software Pvt LTD 10884.50 Double bottom NSE NIFTY [N59901]10884.50, -0.04% Price Lnr IRIS 6200 6000 5800 5600 5317.70 5400 15 5200 5000 4800 4600 4400 4200 4000 3800 3600 3400 3200 3000 2800 2600 2400 Source : www.SpiderSoftwareIndia.Com Vol Cr 150 100 50.0059.77 06:A S O N D 07:J F M A M J J A S O N D 08:J F M A M J J A S O N D 09:J F M A M J J A S O N D 10:J F M A M Dly Source - Spider Software Pvt LTD 748.30 Rounding bottom INFY [N1594] 748.30, -1.66% 0.00 Price Lnr IRIS 01/02/08 Fri 300 Op 184.25 Hi 201.00 Lo 175.91 280 Cl 199.32 260 240 220 200 183.39 18 180 160 140 120 100 74.88 80.00 19 60.00 40.00 20.00 Source : www.SpiderSoftwareIndia.Com Vol Cr 60.00 Qt 5.30 40.00 20.00 0.95 97:D98:F M J J A S O N D 99:J M A M J A S O N D 00:J M A M J J A S O N D 01:J M A J J A S O N D 02:J M M J J A S O N D 03:J M M J J A S O N D 04:J M A M J J A S O N D 05:J A M J J A S O N D 06:J M A J J A S O N D 07:J M M J J A S O N D 08:J Wkl Source - Spider Software Pvt LTD Cup and Handle 738.50 IFBIND [N1485] 738.50, -9.56% Price 700.00Lnr IRIS 700 5 650 600 550 500 450 400 350 300 250 200 163.01 0 150 CUP WITH HANDLE AT 165. TGT 350 100 50.00 Source : www.SpiderSoftwareIndia.Com Vol Lk 60.00 40.00 20.00 0.70 94:D95:M N 96:J J A O D 97:F J S N 98:J J A O 99:J J A O D 00:F J S N 01:J J A O D 02:F J S N 03:J J A O D 04:F J S N 05:J J A O 06:J J A O 07:J J A O D 08:F J S N 09:J J A O D 10:F J S N 11:J J A O D 12:F J S N 13:J J A O 14:J J A O D 15:F J S N 16:J Mon Source - Spider Software Pvt LTD Ascending triangle RELIANCE [N2885] 1259.10, 2.60% 0.00 Price Lnr IRIS 12/02/19 Tue D 0 Op 1234.00 1300 Hi 1321.20 1259.10 Lo 1227.05 1250 Cl 1259.10 1200 1149.90 1150 1 1100 1050 1000 950 900 12 850 800 747.25 750 14 723.22 5 700 650 574.95 600 13 550 15 500 450 400 350 300 8 Source : www.SpiderSoftwareIndia.Com 250 Vol Cr Qt 6.59 40.00 20.00 6.59 07:F M J A O D 08:F M J A O D 09:F M J A O D 10:F M J A O D 11:F M J A O D 12:F M J A O D 13:F M J A O D 14:F M J A S O D 15:F M J A O D 16:F M J A O D 17:F M J A S O D 18:F M J A O D 19:F Mon Source - Spider Software Pvt LTD Rectangle TATACHEM [N3405] 574.40, -3.34% Price Lnr IRIS 782.00 9 780 770 760 750 740 730 720 710 700 690 680 670 660 650.64 650 10 640 630 620 610 600 590 580 574.40 570 560 Source : www.SpiderSoftwareIndia.Com 550 Vol Lk 75.00 50.00 25.00 13.94 17:F M A M J J A S O N D 18:J F M A M J J A S O N D 19:J F Wkl Source - Spider Software Pvt LTD Flag-Pennant-Price Channel HINDPETRO [N1406] 234.80, 0.56% Price Lnr IRIS 380 360 340 320 300 280 260 240 234.80 220 21 200 180 164.25 1 160 140 119.72 120 2 100 80.00 54.70 60.00 13 Source : www.SpiderSoftwareIndia.Com 40.0014 Vol Cr 30.00 20.00 10.00 3.44 11:JF M A M J J A S O N D 12:J M A M J J A S O N D 13:J M A M J J A S O N D 14:J M A M J J A S O N D 15:J M A M J J A S O N D 16:J M A M J J A S O N D 17:J M Mon Source - Spider Software Pvt LTD 10884.50 Multiple Bottom – Triple Bottom NSE NIFTY [N59901]10884.50, -0.04% Price Lnr IRIS 6200 6000 5800 5600 5317.70 5400 15 5200 5000 4800 4600 4400 4200 4000 3800 3600 3400 3200 3000 2800 2600 2400 Source : www.SpiderSoftwareIndia.Com Vol Cr 150 100 50.0059.77 06:A S O N D 07:J F M A M J J A S O N D 08:J F M A M J J A S O N D 09:J F M A M J J A S O N D 10:J F M A M Dly Source - Spider Software Pvt LTD Data Points of Nifty @ 10900 INDIA VIX – 15.65 (Mild Bearish) (ahead of elections base is going to shift from 10 to 13 and from 20 to 25) PCR – 1.25 OF SAME SERIES (Neutral).