Bank Nifty (banknifty) index weekly major support trend line will decide its next move. It is safe as far as trade above the line. On the other side, a major correction will start if closed below the trendline. Stay tuned and keep a close eye.
BITCOIN: Bearish – Double TOP + Rising Wedge The market could go back down to around $58 000. In addition, detection of a possible double top on Bitcoin which would bring the price down to around $48 000 Watch for the 50 and 200 exponential moving averages, as well as the Ichimoku levels, and RSI. be careful
ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible. To monitor: The exponential moving averages 50 (in pink) around 991 , and the exponential moving average 200(in white) around 793. A possible Double Top is detected. + there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of...
Hello Traders/Investors, After analyzing NIFTY, it appears that a breakout is imminent, either on the upside or the downside. Patterns: 1. Ascending Triangle | Probability: 70% 2. Rising Wedge | Probability: 30% Analysis: 1. Ascending Triangle | Upside Potential: - Condition 1: If NIFTY breaches 22,950 by next week and maintains its position, there's a...
Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers!, can you hear them 13th Jan 2024 - B: Wave completed at the tops of 1.11393 Long Term Outlook From its low at 0.95358, we're seeing a...
Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Rising Channel 📌 Symbol/Asset: SBIN 🔍 Description: Stock is in Rising channel. and now Stock is around the resistance of the rising channel. We can see downside of 18-20% if 730 levels are intact !! Huge shorting opportunity !! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Rising Channel 📌 Symbol/Asset: POLYCAB 🔍 Description: Stock is around the support of Rising Channel. Stock also completed its bearish target around 3700-3800 We can see stock bottming out near 3700- 3800 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
ETH formed bearish divergence and lost support. so correction will take place with 3 different prices levels.
Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Rising Channel 📌 Symbol/Asset: INDIGO 🔍 Description: Stock is rising and now making rising channel. Which is bearish pattern. We can see downside from hereon. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
#NIFTYMETAL Sector Analysis (1W TF) PATTERN: RISING WEDGE BREAKOUT - The Metal sector has shown a fabulous up move since beginning of 2023 - Wait for Breakout of the Resistance Zone OR Reversal ! #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
Exciting Bullish Pattern Alert! 📊 Pattern: Rising Wedge 📌 Symbol/Asset: APOLLOHOSP 🔍 Description: Stock is in a rising wedge. We can see downside if resistance is intact. And stock can come towards 4800-4900 Or If stock gives breakout then we see huge momentum on the upside. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell...
Exciting Bullish Pattern Alert! 📊 Pattern: Rising Channel 📌 Symbol/Asset: BALRAMCHIN 🔍 Description: Stock is around the support. We can see huge momentum if support is intact. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
- Stocks under consolidation - Breakout of Rising Wedge Pattern - CMP 495 - May face Resistance at 555 (Target 1) - Sign of Strengths Ultra high volume breakout on 24th July and 18th Oct - View invalid if doesn't break Rising Wedge
📉 Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Rising Wedge 📌 Symbol/Asset: TATAMOTORS 🔍 Description: Stock is around the resistance of rising wedge. We can see downside hereon. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
1. Rising Wedge - Continuation Pattern, consider as bearish, often perish to breakdown, usually forms over 3-6 months. 2. No sign of Divergence, trend is bullish 3. Strong Momentum 4. Lack of Volume What could happen? Pullback towards 30K or Sideways movement
BTC clearly formed rising lot of chances to get get short becoz of whole liquidity , so need to clear lower liquidity which is buy side. SUPPORT LEVELS : 26000 TO 24500, 20000 TO 19500 & 15000 to 16000$
NSE:DIXON formed Bearish Engulfing, Bearish marubozu, Rising Wedge, Double Top and -ve RSI Divergence on Daily TF. ITs a high probability trade. Entry : 4920.30 Target : 4650 SL : 5225 RR : 0.9
Hello WaveTalkers As we approach the close of this trading week, we're spotting some intriguing patterns in the BankNifty Index. Wedge Drama Unfolding? - Without giving away too much, there seems to be a rising wedge forming at the current highs. - This might hint at a potential move towards a 45299 downside target. Trading Strategy Once...