Pattern recognition ?

[the tape]

shd see downside...

 

[the tape]

shd see downside...

out @ 440

 

[ravalsb]

Hello Seniors,

Here's the daily chart of NTPC. Can this be called inverse head and shoulder pattern.

Thanks

 

[Subhankar]

NTPC chart looks more like an 'ascending triangle' than 'inverted h&s'. Either way it is a bullish pattern. But market sentiment has turned somewhat - so possibility of pattern breaking down.

 

[ravalsb]

Hi. This is a daily chart of FT. Can any one confirm if this is a valid cup and handle formation.


Thanks in advance,

Snehal Raval