The_Chartist 📈's Threads

Do not check 200 MA on the weekly chart.

200 MA on the weekly chart is 1000 days MA and not 200 days.

To see 200 days MA on a weekly scale - use 40 MA as 1 week has 5 trading days and therefore, 40 MA on a weekly scale is 200 days MA.

A common mistake

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

I look for bullish candle formations right near the support for validation of the boundaries.

EI Hotel. Also a triangle breakout within the formation, the target of which culminates in the channel's upper boundary

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

The target opened for Atul Ltd as per the price pattern is 6450

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

Will be looking for pennant continuation move post 3050 in the case of Adani Green.

No trigger yet. The chart is still strong

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

Didn't trigger and the pattern failed. Didn't break out.

Adani Green

Need to look for if 2650 holds up https://t.co/hjdJagcqAW

Will be looking for pennant continuation move post 3050 in the case of Adani Green.

No trigger yet. The chart is still strong pic.twitter.com/49lscC3LZY
— The_Chartist \U0001f4c8 (@charts_zone) May 3, 2022

Authors The_Chartist 📈