Rectangle pattern breakout suggests buying opportunity in IRCTC: Shabbir Kayyumi A rectangle is a chart pattern formed when price is bound by parallel support and resistance levels. This pattern is ...

Shabbir Kayyumi of Narnolia Financial Advisors said the rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. The rectangle is a ...

The rectangle tends to be a reversal pattern. I love the pattern because its boundary lines are horizontal, meaning that a successful breakout also resolves the complete congestion zone. The targeting ...