Kudupudi Lakshmi

Steeper polePrice movement sidewardsBreakout with good volume

Price movement sidewards forming rectangle.Breakout with high volume.Duration-5 days(limit 3-7 days).

After significant down trend engulfing is observedGood volume

After down trend piercing is observedGreen body should cover previous body by 50% including lower tailUpper tail of green body should be smallgood volume

Steeper polePrice movement sidewardsBreakout with good volumeDuration-6-7days

After significant down trend engulfing pattern is formed

Two equivalent bottomsDuration-1.5 monthAfter prior down trend

Steeper polePrice movement sidewardsBreakout with high volumeDuration-7days

Breakout gap is formed with significant volume, expected  not to be filled in near terms.

Breakout gap is formed with high volume and expected not to be filled in near terms.