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Spike and breakout pattern

Discussion in 'Technical Analysis' started by chandrasekaran_s, Feb 24, 2015.

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  1. chandrasekaran_s

    chandrasekaran_s New Member

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    Hi Shabbir

    I was going through your ebook and was reading about the morning spike and breakout pattern. The example you gave was good but I was not able to understand the chart. Can you please explain me with some recent charts?
     
    chandrasekaran_s, Feb 24, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    I normally see that pattern quite common. Can you tell me what chart are you seeing for intraday.

    I see this pattern in Nifty as well.

    See the intraday pattern of nifty where it had gone higher as day has progressed.
     
    shabbir, Feb 24, 2015
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  3. chandrasekaran_s

    chandrasekaran_s New Member

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    breakout pattern usually seen in an intraday chart?
     
    chandrasekaran_s, Feb 24, 2015
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  4. shabbir

    shabbir Administrator Staff Member

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    No. It is seen on daily charts as well.
     
    shabbir, Feb 25, 2015
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