Aditya_Pandit_0

Vedanta , Long , Falling wedge

Long
NSE:VEDL   VEDANTA LTD
What is Falling Wedge chart pattern?
Rising and falling wedges are a technical chart pattern used to predict trend continuations and trend reversals. The falling wedge is a generally bullish pattern signalling that one will likely see the price break upwards through the wedge and move into an uptrend.

How does it work?
The falling wedge is a bullish stock pattern that begins wide at the top and contracts as prices move lower. It occurs when the price is making lower highs and lower lows which form two contracting lines. The falling wedge usually precedes a reversal to the upside, and this means that you can look for potential buying opportunities.


Volume decreases during the formation of the wedge and should expand on the breakout.
Comment: Use volume flow indicator
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