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Boring Candle Patterns: Boring Candle- when Body size of a candle less than30% of its High low range. There are four types of Boring candle patterns as follow:
Rally Base Drop: Includes three or more candles, it is reversal pattern, base can have up to 4-5 candles, entry below the Red candle and highest range of base/boring candle is the stop loss.
Drop Base Rally: Includes three or more candles, it is reversal pattern, base can have up to 4-5 candles, entry above the Green candle and lowest range of base/boring candle is the stop loss.
Rally Base Rally:Includes three or more candles, it is continuation pattern, base can have up To 4-5 candles, entry above the Green Candle, Lowest range of base/boring candle is the stop loss.
Drop Base Drop: Includes three or more candles, It is continuation pattern, base can have up to 4-5 candles, entry below the Red candle and Highest range of base/boring candle is the stop loss.
Rally Base Rally Pattern In AXISBANK (Weekly Chart).
Looks Good Above: 750.
Can be: 795, 841 & 887.
Looks Weak Below : 695.
Used Retrecement to draw levels.
Cup & Handle Pattern In BAJAJFINSV(Daily chart).
Looks Good Above : 8580.
Can be: 8906, 9225 & 9543.
Looks Weak Below: 8580.
Can be : 7792, 7473 & 7155.
Used Retrecement to draw levels.
Symmetrical Triangle Pattern In ACC (Weekly Chart).
Looks Good Above : 1709.
Can be: 1855, 2001 & 2147.
Looks Weak Below: 1416.
Can be : 1270, 1123 & 977.
Used Retracement to draw levels.
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