Sun Pharma has formed downward wedge shaped pattern on Monthly Charts. Although Nifty Pharma seems to be bottomed out , i dont see any reversal signs in sun pharma. Till it comes out of the wedge pattern it is in a no trade zone.
HDFC has formed a falling wedge pattern. price has moved below 200 day moving average as well. Possible support and entry at 1900 levels Second Entry with better risk reward would be 1840
Rain Industries came out of falling wedge pattern and made some handsome gains. Counter is undergoing correction wherein price can fall to the levels mentioned. Keep a eye .
Nifty is forming a rising wedge formation which is a sign of back to normal phase of markets, crackdown might be edging around the corner. if you have any queries regarding above idea or any other stock feel free to D'M Announcement : We launched TruStox Community, A community driven platform for Traders with almost all features that a trader needs. Here...
Will go down down down or bounce from the support levels?
The stock has been rallying inside the wedge for a long time with multiple testing of both the support and resistance, Look for trade opportunities
Support and resistance has been tested several times good for swing trades
Just broke trend line resistance, if this closes above and creates a HH, its gonna follow very soon to 0.57$
We can see a rising wedge formation in the daily charts look keenly for breakout.
We can spot a triangle formation in the hourly chart of BPCL. Look for breakout.
A rising wedge can be observed in the chart look for breakout on the downside.
DR reddy has formed a rising wedge on daily chart and there is expectation of an upside breakout. Look for long opportunities.
In the daily charts a rising wedge formation can be observed, look for bearish breakout.