The rectangle looks like the Triple Top / Bottom pattern:
In order to define what kind of pattern has been formed ("Rectangle" or "Triple Top / Bottom") you can use oscillatory and volume analyses. After the breakout, the price usually moves in a range no less than the rectangle's height. Further edges of the rectangle will become support/resistance levels.
Join us and meet our experts and learn about our Hedging Strategies - Hyderabad
More details
