Adani Transmission saw huge buying interest this week after Reliance Infrastructure made public that it will consider selling its Mumbai power business to Adani Transmission. The stock jumped 28.4% on massive volumes.
Chart Of The Day – Rain Industries’ Purple Patch Continues
Rain Industries broke the 200 price barrier in today’s session, as the stock rallied 9.5% on massive volumes. The stock extended its year-to-date gains to 275%.
Chart Patterns
In the weekly learning article published on July 29, 2017, we discussed “Swing Trading.” We received a lot of positive comments for that article and many readers were interested to learn more about it. Today, we move on to a new topic “Chart Patterns.”
This article has to be treated as a continuation of the Swing Trading article. In this series, we will discuss certain key technical parameters that need to be watched for effective Swing Trading. One such parameter is Chart Patterns. Millions of traders transact through stock markets each day and it is difficult to interpret everyone’s motivations. Chart patterns look at the big picture and help you identify trading signals. In today’s article, we will focus on Triangle Patterns.