Zerodha Broker (Free Delivery)

India's No. 1 Broker with Best Software Trade @ Flat Rs 20

Open Instant Account
market update arrow Looking to go omnichannel, BigBasket may seal deal with Tatas soon arrow Reforms in IPO rules discussed with investors from US, says Sebi arrow Withdrawals in global listed funds from Indian markets top $11 bn in cy20 arrow Sebi bars investment bankers from sharing bidding data with investors arrow Airtel foreign ownership puzzle stumps investors again, stock sheds gains arrow Schneider deal boosts L&T Q2 net profit to Rs 5,520 cr; revenue dips 12% arrow Indian refiners bet on petrochems to cater rising demand, avoid low margins arrow IPL 2020, RCB vs MI highlights: Mumbai wins by 5 wkts; seals playoff berth arrow Hero MotoCorp Q2 net profit surges 9% to Rs 964 cr on robust sales arrow No information on Aarogya Setu app creators, says Centre; CIC fumes arrow LIVE: India stands firm in Ladakh, will continue talks with China: Rajnath arrow Bharti Airtel to stay away from 5G auctions, as prices exorbitant: Vittal arrow Coronavirus LIVE updates: India Covid-19 cases cross 8 million-mark arrow Wall Street slumps as rise in coronavirus cases dims economic outlook arrow Young smokers three times more likely to die prematurely, study shows arrow Samsung Galaxy Tab A7: A worthy device you can use as a secondary screen arrow Bihar elections, rising Covid cases: Here's why Sensex tanked 600 pts today arrow Here's what to expect from Maruti Suzuki's Q2 results on Thursday arrow World Coronavirus Dispatch: UK starts real-time review of Moderna's vaccine arrow BoB Q2 preview: Lower treasury gain, elevated credit cost may cap profit arrow IndiGo Q2: Loss up to Rs 1,610 crore seen despite cost cutting measures arrow DATA STORY: Delhi sees worst spike; Punjab has worst fatality rate among states

Trading and Investment Terms

Broadening Top

A broadening top is a bullish reversal pattern. 

The pattern is formed by two divergent lines which are horizontally symmetric. 

It is therefore a reverse symmetrical triangle. 


The oscillations between the two triangle terminals are therefore becoming increasingly large. 

Each line must be touched at least twice to be validated.


The broadening top reflects the growing nervousness of investors and also their indecision. 


If the chart pattern is not spotted quickly, the movements may appear random and thus trap many investors.


Here are some statistics on the symmetrical broadening top:

  •  In 53% of cases, there is an upward exit.
  •  In 75% of cases, the target of this pattern is obtained by acquiring the maximum height of the triangle. With this downward exit, the percentage fell to 64%.
  •  More than 72% of cases, a downward breakout occurs when the price is into the highest third of its annual range. No bullish breakouts are identified into the lowest third of the annual range.

A broadening top is a rally to a new high, weakness to an intermediate support level, a second rally to a higher high on increased volume and decline through the intermediate support level, the third rally to a higher high on strong volume pursued by an ultimate fall down.

Latest News हिंदी समाचार