The price has broken upward out of a trading range, suggesting the beginning of a new uptrend.
The Upside Breakout pattern features a trading range where prices move sideways between two parallel horizontal lines. This pattern typically indicates a pause or congestion area within an existing trend, though occasionally it results in a reversal of the previous trend.
Regardless, an upside breakout through the upper resistance line signals the end of the consolidation period and the onset of an uptrend.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.