Triangle pattern
Hi
The triangle pattern scan results are not making any sense. For eg: See the result below for hourly triangle scan. Help me understand how this will be plotted on the chart.
Name Current Price Start Time End Time Top Points / Date Bottom Points / Date
Vedanta Ltd 219.00 26-Feb-21 15:15 03-Mar-21 12:15 219.85 / 03-Mar-21 12:15, 216.50 / 02-Mar-21 09:15, 213.30 / 26-Feb-21 09:15, 205.90 / 26-Feb-21 15:15, 204.55 / 24-Feb-21 16:15, 202.00 / 22-Feb-21 15:15,
Posted by Warlord Posted on : 03-Mar-2021
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More details on the issue. | Posted by Admin Posted on: 03-Mar-2021 | Hi Warlord,
Structural patterns such as Triangle are very subjective to individual. Therefore we have to provide some tolerance. But by doing so, some not so perfect also pops up.. Any ways refinement of all structural pattern is due in few weeks. Based on our past learning's, we will refine it further
Thanks Site Admin |
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( Intraday Analysis is on Real Time Data (Updated every 5 Mins). All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)