On the monthly timeframe (right chart), Varun Beverages shows a classic Fibonacci retracement pullback to the 38.2% level after an extended rally.
>Shifting to the weekly timeframe (left chart), we observe:
-Parallel Channel during the earlier uptrend phase, reflecting a strong trending structure.
-A break of the uptrend that transitioned into a sideways phase.
-Formation of a Symmetrical Triangle – characterized by a sequence of lower highs and higher lows, creating a contraction pattern.
This multi‑timeframe view highlights how trends evolve from strong rallies, to corrections, and into consolidation structures.
⚠️ Disclaimer:
This post is for educational purposes only and is not financial advice.
>Shifting to the weekly timeframe (left chart), we observe:
-Parallel Channel during the earlier uptrend phase, reflecting a strong trending structure.
-A break of the uptrend that transitioned into a sideways phase.
-Formation of a Symmetrical Triangle – characterized by a sequence of lower highs and higher lows, creating a contraction pattern.
This multi‑timeframe view highlights how trends evolve from strong rallies, to corrections, and into consolidation structures.
⚠️ Disclaimer:
This post is for educational purposes only and is not financial advice.
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🎯 Master My Self-Made Trading Strategy
✅ WhatsApp (Learn Today): wa.me/919455664601
📈 Telegram (Learn Today): t.me/hashtaghammer
✅ WhatsApp (Learn Today): wa.me/919455664601
📈 Telegram (Learn Today): t.me/hashtaghammer
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.