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Nikita (SEBI RA)

16th Oct · SEBI-Registered Analyst

Counterattack Line – Reversal Signal ⚡

📊 The Counterattack Line is a 2-candle pattern showing a sudden fightback by the opposite side. ✅ Formation: Appears after a trend (uptrend or downtrend). 1st candle follows the trend (red in downtrend, green in uptrend). 2nd candle opens with a gap but closes at exactly or near the previous candle’s close. ✅ Meaning: Momentum shift → possible reversal. 📌 Example: Stock in downtrend closes at ₹420 → Next day opens gap-down ₹410 but closes at ₹420 → Counterattack Line → potential bullish reversal. 🧠 Tip: Works best near support/resistance zones.

TITAN

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