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Rectangle Pattern Breakout in AVADHSUGAR on Weekly Timeframe

Discussion in 'Technical Analysis' started by sakhashinde, Dec 10, 2020.

  1. sakhashinde

    sakhashinde New Member

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    Rectangle Pattern Breakout in AVADHSUGAR of 6 months period on Weekly Timeframe.Needs Close abv Upper layer on Weekend . avadh.png
     
    sakhashinde, Dec 10, 2020
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  2. shabbir

    shabbir Administrator Staff Member

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    Spot on. You have spotted the pattern perfectly. However, Sugar as a sector is too much on the discussion on CNBC Awaaz and so beware when they stop talking about it. Rest is all good.
     
    shabbir, Dec 10, 2020
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  3. jazeelfarooq

    jazeelfarooq Active Member

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    Long term chart of this stock not in uptrend - rectangle triangle pattern previous trend is important
    Better avoid

    Patterns and its circumstances are important
     
    jazeelfarooq, Dec 10, 2020
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  4. shabbir

    shabbir Administrator Staff Member

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    Yes it is very important to be able to understand which pattern should one consider at what point.
     
    shabbir, Dec 10, 2020
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