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Equity-Earningz
Nov 13, 2018 11:13 AM

Rising Wedge Breakout - Continuation Pattern - Risk Reward 1: 3 Short

BAJAJ FINSERV LTDNSE

Description

Short Bajajfinsv Below 5550
Stop-loss: 5745
Target 1: 5160
Target 2: 4955

Risk 3.50% & Reward 10.75 %
RR Ratio - 1: 3

RR is Calculated on 2nd Target.

Reversal or Continuation Pattern
Rising Wedge
Prices are moving upward, forming higher highs and higher lows, but the price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a reversal to the downside. This means that you can look for potential selling opportunities.

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Call Not Active yet, Wait for price to go below 5550

Order cancelled

TRADE NOT STILL NOT ACTIVE AND NOW PATTERN IS ALSO NOT VALID.

It's Making an Ascending Triangle on 60 Min Time Frame.
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