No.

Price Pattern
Pattern Name
Bullish
Inverted Head &
Shoulder

Criteria 1
Last candel closed above
neck line

Bullish

Double Bottom

Equal bottoms from same

down trend (+/- 0.5%
tolerence)

Bullish

Rounding Bottom

Historically high price

with sharp fall and a
spike after that

Bullish

Up Flag

Up move and
consolidation after an up
move (Flag cloth)

Bullish

Breakout Above Multiple Equal tops from multiple

Tops
trends (+/- 0.5%
Tolerence)

Bearish

Head & Shoulder

Last candle close below

neck candle

Bearish

Double Top

Equal tops from same up

trend (+/- 0.5%
Tolerence)

Bearish

Down Flag

Down move and

consolidation after an
down move (Flag cloth)

Criteria 2
increased volumes on
last candle

X
Price Target
Verticle distance from low Intersection point of
of head to neckline
Neckpoint and last
candle + x

Last candle green with

increased volumes after
2nd bottom

Verticle distance from

bottom level to higest
point

Bottom level + (x/2)

Price below high of spike Value of high of spike

for min 2 years and then
close above high of spike
with increased volumes

5x

Last candle close above

consolidation with
increased volumes

Verticle distance from

start of pole to high of
flag

Low of flag below

breakout candle + x

Last green candle with

increased volumes with
close above top level

Value of top level

2x

increased volumes on
last candle

Verticle distance from

high of head to neckline

Intersection point of
Neckpoint and last
candle - x

Last candle red with

increased volumes after
2nd top

Verticle distance from top Top level - (x/2)

level to lowest point

Last candle close below

consolidation with
increased volumes

Verticle distance from

High of flag above
start of pole to low of flag breakout candle - x

Time Target
No. of candles from 1st
neck point to last candle /
3
No. of candles from 1st
bottom to last green
candle / 3
Max 2 yrs after breakout

No of candles from start

of pole to last candle / 3

Max 2 yrs

No. of candles from 1st

neck point to last candle /
3
No. of candles from 1st
top to last red candle / 3
No of candles from start
of pole to last candle / 3

Check List
Sr.No.

Parameter

Scenario

Name

Jindal Saw

Close

82.7

Candle Stick

Green

Volumes

Green Candle with increased volume

Moving Averages

Candlestick Pattern

Price Pattern

Bullish-Up Flag

Previous Open
Previous Close
6

Mean

(Open+Close)/2

Support

Always below the Close or Mean of Green C

Resistance

Always above the Close or Mean of Red Can

Verdict

B+I =Buy / S+I = Sell / B+S+I = Indecision

Stop Loss

If Verdict is Buy - Stop Loss is below mean

10

If Verdict is Sell - Stop Loss is above mean

11

Price Target

as per price pattern

12

RR Ratio

Min 1:3
Risk = Close - Stop Loss
Reward = Target - Close

X and Price Target Calculation

Bullish-Inverted Head & Shoul

Value

Bearish-Head & Shoulder

Low of Head

High of head

Neckline

Neckline

Intersection point of Neckpoint

and last candle

Intersection point of neckline and

last candle

Price Target
Bullish-Double Bottom
Bottom Level

Value

Price Target
Bearish-Double Top
Top level

Highest Point

Lowest point

Price Target

Price Target

Bullish-Up Flag

Value

Bearish-Down Flag

High of Flag

95.80

Start of pole

Start of Pole

52.51

Low of flag

43.29

Low of Flag below breakout candle

74.75

High of Flag above breakout candle

Price Target
Bullish-Rounding Bottom

118.04
Value

High of Spike
X

Price Target

Bullish-Breakout Above Multip

Value

Top level
X

Price Target

Price Target

t
Scenario

Verdict

ased volume

B
I
I
B
75.85
82.7
79.275

or Mean of Green Candle

79.275

or Mean of Red Candle

79.275

B+S+I = Indecision

Buy

oss is below mean

77.275

ss is above mean

& Shoulder

118.04
1/7
5
35

Value

nt of neckline and
Value

36

Value

ove breakout candle

-

Check List
Sr.No.

6
7
8
9
10

Parameter
Name
Close
Candle Stick
Volumes
Moving Averages
Candlestick Pattern
Price Pattern
Previous Open
Previous Close
Mean
Support
Resistance
Verdict
Stop Loss

11
12

Price Target
RR Ratio

1
2
3
4
5

X and Price Target Calculation

Bullish-Inverted Head & Shoul
Low of Head
Neckline
X
Intersection point of Neckpoint
and
candle
Pricelast
Target

Scenario
Alembic Ltd
28.15
Green
Green Candle with increased volume
5-13/5-26 +ve crossover
Bullish-Up Flag

(Open+Close)/2
Always below the Close or Mean of Green C
Always above the Close or Mean of Red Can
B+I =Buy / S+I = Sell / B+S+I = Indecision
If Verdict is Buy - Stop Loss is below mean
If Verdict is Sell - Stop Loss is above mean
as per price pattern
Min 1:3
Risk = Close - Stop Loss
Reward = Target - Close

Value

Bearish-Head & Shoulder

High of head
Neckline
X
Intersection point of neckline and
last
Pricecandle
Target

Bearish-Double Top
Top level
Lowest point
X
Price Target

Bullish-Double Bottom
Bottom Level
Highest Point
X
Price Target

Value

Bullish-Up Flag
High of Flag
Start of Pole
X
Low of Flag below breakout candle
Price Target

Value
30.81
19.05
11.76
22.05
33.81

Bearish-Down Flag
Start of pole
Low of flag
X
High of Flag above breakout candle
Price Target

Bullish-Rounding Bottom
High of Spike
X
Price Target

Value

Bullish-Breakout Above Multip

Top level
X
Price Target

Value

t
Scenario

Verdict

B
B
B
I
B
26.9
28.15
27.525
27.525
27.525

ased volume

or Mean of Green Candle

or Mean of Red Candle
B+S+I = Indecision
oss is below mean
ss is above mean

& Shoulder

Buy
25.525
33.81
4/9
2.625
5.66

Value

nt of neckline and
Value

Value

ove breakout candle

-

Check List
Sr.No.

6
7
8
9
10

Parameter
Name
Close
Candle Stick
Volumes
Moving Averages
Candlestick Pattern
Price Pattern
Previous Open
Previous Close
Mean
Support
Resistance
Verdict
Stop Loss

11
12

Price Target
RR Ratio

1
2
3
4
5

X and Price Target Calculation

Bullish-Inverted Head & Shoul
Low of Head
Neckline
X
Intersection point of Neckpoint
and
candle
Pricelast
Target

Scenario
DPTL
146.6
Green
Green Candle with increased volume
5-13/5-26 +ve crossover
Bullish-Up Flag

(Open+Close)/2
Always below the Close or Mean of Green C
Always above the Close or Mean of Red Can
B+I =Buy / S+I = Sell / B+S+I = Indecision
If Verdict is Buy - Stop Loss is below mean
If Verdict is Sell - Stop Loss is above mean
as per price pattern
Min 1:3
Risk = Close - Stop Loss
Reward = Target - Close

Value

Bearish-Head & Shoulder

High of head
Neckline
X
Intersection point of neckline and
last
Pricecandle
Target

Bearish-Double Top
Top level
Lowest point
X
Price Target

Bullish-Double Bottom
Bottom Level
Highest Point
X
Price Target

Value

Bullish-Up Flag
High of Flag
Start of Pole
X
Low of Flag below breakout candle
Price Target

Value
153.70
118.20
35.50
135.70
171.20

Bearish-Down Flag
Start of pole
Low of flag
X
High of Flag above breakout candle
Price Target

Bullish-Rounding Bottom
High of Spike
X
Price Target

Value

Bullish-Breakout Above Multip

Top level
X
Price Target

Value

t
Scenario

Verdict

B
B
B
I
B
149.5
159
154.25
154.25
154.25

ased volume

or Mean of Green Candle

or Mean of Red Candle
B+S+I = Indecision
oss is below mean
ss is above mean

& Shoulder

Buy
152.25
171.2
5/9
7
12

Value

nt of neckline and
Value

Value

ove breakout candle

-