Swing Trading

Module Units

Price pattern breakouts

Previously we have learned several swing trading strategies with the help of indicators. But 'Price' is considered supreme in technical analysis. So let us learn a few price pattern breakout strategies helpful in swing trading.

Price patterns are actively traded by traders in all time frames, such as head & shoulders, wedges, flags, triangles, etc give excellent swing trading opportunities. You can use these patterns with other indicators as a confirmatory tool. However, be wary of not using too many indicators as it might lead to conflicting signals.

The above price chart of Motilal Oswal Financial Services (NSE: MOTILALOFS) shows a beautiful symmetrical triangle pattern breakout at around ₹650 levels. The stock has given more than 50% returns since then.

Rounding Bottom pattern visible in Indo Count Industries (NSE: ICIL)

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Units 11/14

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