Rectangle / Trading Range Pattern
A flat ceiling and a flat floor — price simply oscillating between two well-defended prices.
Showing 7 of 7. Trigger is the price a daily close must clear for the pattern to complete; Target is the measured move it projects, marked ≈ while the break has not happened yet.
| Stock | TF | State | CMP | Trigger | Away | Target | Touches |
|---|---|---|---|---|---|---|---|
| JUNIPERJuniper Hotels Limited | Weekly | Neutral | ₹213 | ₹221 | 3.9% | ≈₹247 (+16%) | 8 |
| CARERATINGCARE Ratings Limited | Weekly | Neutral | ₹1,692 | ₹1,824 | 7.8% | ≈₹2,099 (+24%) | 8 |
| MIDHANIMishra Dhatu Nigam Limited | Weekly | Neutral | ₹422 | ₹455 | 7.8% | ≈₹524 (+24%) | 8 |
| ALKEMAlkem Laboratories Limited | Weekly | Neutral | ₹5,322 | ₹5,917 | 11.2% | ≈₹6,640 (+25%) | 8 |
| ABBOTINDIAAbbott India | Weekly | Neutral | ₹26,050 | ₹29,066 | 11.6% | ≈₹32,385 (+24%) | 7 |
| TATAINVESTTata Investment Corporation Limited | Weekly | Neutral | ₹636 | ₹718 | 12.9% | ≈₹802 (+26%) | 7 |
| TIPSMUSICTips Music Limited | Weekly | Neutral | ₹645 | ₹748 | 16.0% | ≈₹876 (+36%) | 7 |
Highs cluster around one level and lows around another, with several touches of each. The result is a horizontal box.
Why it forms
Two sets of participants with fixed opinions: one selling the top, one buying the bottom. Nothing is resolved until one of them stops.
🎯 Trigger
📏 Target
🛑 Invalidation
JUNIPER — Weekly
How do you trade a rectangle pattern?
How many touches make a valid trading range?
What happens after a rectangle breaks?
How these are found: swing highs and lows are picked out with a percentage ZigZag on daily and weekly candles, and the boundaries are line-fitted through those swings. A formation is only published when the fit is tight, the boundaries are actually touched several times, and the price action stays inside them. The most recent swing is provisional, so a forming pattern can still change shape on the next candle, and patterns whose break already played out are dropped rather than shown as fresh. Levels and targets are the textbook measured moves, not forecasts. This is auto-generated market data, not investment advice.