In the daily charts a rising wedge formation can be observed, look for bearish breakout.
Hourly Chart Rising wedge downside breakout observed in Zee enterprises trend to continue till it touches the bottom of 405-410. Please feel free to share any feedback, constructive criticism is encouraged.
HDFC is observed to form a rising wedge, a bullish breakout is expected. One can also observe a cup & handle formation starting from 2018-7-30 and ending on 2018-12-11. Please feel free to share any feedback, constructive criticism is encouraged.
Maruti witnessed a rising wedge until its breakout then the downtrend continued until it formed another falling wedge. The falling wedge is expected to breakout soon. Please feel free to share any feedback, constructive criticism is encouraged
NIFTY PSU BANKS DOWNSIDE VIEW -- FROM 2950 TO 2600 IN 1-2 MONTHS
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. ...
Reversal or Continuation Pattern Falling Wedge Prices are moving downwards, forming lower highs and lower 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 upside. This means that you can look for potential buying opportunities. ...
see immense potential in the following stock , with a potential to deliever great returns , as due to political decision of plastic ban .. that will likely t be followed by different government as well in near future !
Nifty has formed Broadening Formations : Right-Angled and Descending . After touching the lower line 3rd time it was moving up gave an impression to touch the other side of pattern but again it has reversed and continued in the prevailing down direction. Statistically this partial rise mostly predicts the direction of the breakout which is down in this case,...
Rising wedge is a bearish pattern . Price range is wide in the bottom and narrows when price moves higher. Volume will decline as prices rise and the price action forms a wedge . Price will fall when the support is broken. Falling wedge is a bullish pattern. Price will move up when the resistance is broken.
Price range is narrowing now forming a rising wedge pattern. Rising wedge is a bearish pattern. Price range is wide in the bottom and narrows when price moves higher. Volume will decline as prices rise and the price action forms a wedge. Price will fall when the support is broken.
A list of common Price Breakout Patterns occur in all financial markets. I will publish in future (when time permits) their description about them : "How they Form " How to Use Them" and what it signals One thing is SOUND & CLEAR is - TREND is FRIEND Cheers