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“I’ve come to believe that all my past failure and frustration were actually laying the foundation for the understandings that have created the new level of living I now enjoy.”
-Tony Robbins
Often, it is observed that we come across major technical patterns after they reach their targets successfully. And we regret of having missed out on those opportunities. So i thought to browse on some important patterns that are in the making right now (Weekly Charts), and keep a close watch on them.
1. Bank Nifty – Double Top
2. ICICI Bank – Triple Top
3. State Bank of India (SBI) – Break down from a channel
4. Tata Steel – Break Down from a channel
5. Yes Bank – Double Top
These patterns show something eminent on the medium term charts. The markets will do what they want to do, but we can at least stay cautious while taking any position that is against the visible trend.
I look forward to having any patterns identified by you in the comments section, along with the relevant time frame in which the pattern is seen in the making..