Technical Analysis & Chart Patterns

Resistance

A price level at which selling has previously been sufficient to halt an advance.

Test: price has reversed downward from approximately this level on at least two prior occasions ₹

Retest

A return of price to a level it has recently broken through, to see whether that level now holds from the other side.

Test: price returns to within a small band of the broken level after the initial breach qualitative

Technical Analysis & Chart Patterns

Rising Wedge

A formation in which both boundaries slope upward but converge, with the lower boundary rising more steeply than the upper.

Test: higher highs and higher lows, with the line through the lows rising faster than the line through the highs qualitative

Technical Analysis & Chart Patterns

Rounding Bottom

A gradual, curved transition from decline to advance over an extended period, with no sharp low.

Test: successive lows form a shallow concave curve over many periods, with volume typically contracting into the base and expanding on the advance qualitative

Technical Analysis & Chart Patterns

Shooting Star

A candlestick with a small body near the bottom of its range and a long upper wick, appearing after an advance.

Test: Upper Wick is at least twice the Body, Lower Wick is minimal, and the candle follows an advance qualitative

Technical Analysis & Chart Patterns

Spinning Top

A candlestick with a small body and long wicks on both sides, indicating a wide range that closed near the open.

Test: Body is a small fraction of the range, with both Upper and Wick Lower substantial and roughly comparable qualitative

Technical Analysis & Chart Patterns

Support

A price level at which buying has previously been sufficient to halt a decline.

Test: price has reversed upward from approximately this level on at least two prior occasions ₹

Technical Analysis & Chart Patterns

Symmetrical Triangle

A formation with a falling upper boundary and a rising lower boundary converging at similar angles.

Test: successively lower highs and successively higher lows converging toward an apex qualitative

Technical Analysis & Chart Patterns

Technical Analysis

The study of past price and volume data in order to describe market behaviour and frame trading decisions.

Test: the conclusion is drawn from price, volume and derived series alone, without reference to the issuer's financial statements qualitative

Technical Analysis & Chart Patterns

Three Black Crows

Three consecutive falling candles with substantial bodies, each opening within the previous body and closing near its own low.

Test: three consecutive candles with Close < Open, each Open inside the previous body, each Close near its own Low qualitative

Technical Analysis & Chart Patterns

Three White Soldiers

Three consecutive rising candles with substantial bodies, each opening within the previous body and closing near its own high.

Test: three consecutive candles with Close > Open, each Open inside the previous body, each Close near its own High qualitative

Technical Analysis & Chart Patterns

Trend

A sustained directional tendency in price, described as up, down or sideways over a stated timeframe.

Uptrend: successively higher highs and higher lows; Downtrend: successively lower highs and lower lows qualitative

Technical Analysis & Chart Patterns

Trend Following

A rules-based approach that enters in the direction of an established price move and exits when that move ends.

Test: entry and exit are determined by a stated trend rule, with no forecast of turning points and no valuation input qualitative

Technical Analysis & Chart Patterns

Trendline

A straight line drawn to connect successive swing lows in a rise or successive swing highs in a fall.

Test: the line touches at least two swing points and is confirmed by a third touch without being violated between them qualitative

Technical Analysis & Chart Patterns

Triple Bottom

Three troughs at approximately the same price level separated by two peaks.

Test: three lows within a small percentage of each other, with the highest intervening peak acting as the completion level qualitative

Technical Analysis & Chart Patterns

Triple Top

Three peaks at approximately the same price level separated by two troughs.

Test: three highs within a small percentage of each other, with the lowest intervening trough acting as the completion level qualitative

Technical Analysis & Chart Patterns

Uptrend

A price sequence in which each significant high exceeds the previous high and each significant low exceeds the previous low.

Test: current swing high > previous swing high, and current swing low > previous swing low qualitative