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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 DIVISLAB (Daily Chart).
Looks Good Above : 1742.
Can be: 1780, 1817 & 1855.
Looks Weak Below : 1705.
Used Retrecement to draw levels.
Cup & Handle Pattern In NSE NIFTY(Daily chart).
Looks Good Above : 11706.
Can be: 11882, 12079 & 12276.
Looks Weak Below : 11706.
Can be : 11355, 11158 & 10961.
Used Retrecement to draw levels.
Downside Channel Pattern InTVSMOTOR (Weekly Chart).
Can be: 533, 606 & 679.
Looks Weak Below : 386.
Used Retracement to draw levels.
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