TradingView
ChartsNovel
Mar 15, 2021 1:40 PM

Falling Wedge Reversal Pattern! Long

MOTILAL OSWAL FINANSE

Description

The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. Buy for 857 with stop loss close blow 600. A major registration is formed on 857. After it broke we will see a long boom in it.
More