What are Triple Top Stocks ?
A triple top is a chart pattern composed of three failed attempts at making new highs in the same area. Now the Resistance of the stock becomes the previous 3 highs, which are almost equal.
This is very rare phenomenon in Stocks. When a Stock crosses its previous 3 highs which are almost equal with good volumes then the Stocks is considered to be Bullish, and future upside is Expected. Triple Top stock chart patterns are very useful to identify Bullish Stocks for Short Term.
Follow is a Image of Stock named CIPLA which made a Triple Top at 255-258 Levels
Triple Top CIPLA
Once the Stock crossed 260 Level (resistace) it zoomed up-to 285 levels within a month. So Triple Top Stocks can be bought, provided they show an increase in their volume near the resistance level
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