Unique way of Trading the Broadening Patterns with examplesI daily make educational content videos for swing / positional trading
Broadening Wedge
MBAPL - BullishMadhya Bharat Agro Products Ltd, part of Ostwal Group, is engaged in the business of manufacturing fertiliser and chemical products.
Looks to good to buy on this level and on the evert dip.
BAJAJHCARE - Breakout Wedge PatternView : Bullish
Entry Zone- 435- 420 (Trend line break inside Broadening wedge)
Exit Zone - 500 - 510 Range or while price touch upper resistance line (marked in red)
Stoploss : Close below 380
Risk/Reward Ratio: 1:1.50
Timeframe: Daily and Weekly
Notes: Trendline break inside the broadening wedge pattern. Price consolidates since Nov 2021.
* This is not a trading recommendation, for educational purposes only
ELETCAST - Broadening Wedge PatternPrice consolidate since Janaury 2024 and it form broadening wedge pattern. Price currently in support line but it is looking in only Day Timeframe. Please do not consider or enter without good candle formation in Day time frame and it should have tight stoploss below the support line.
$BTC Broadening Wedge Preparing for the Last Leg of the Breakout$Bitcoin is consolidating with a small retracement, creating the potential for a bounce that could lead to the final leg of the broadening wedge pattern. If #BTC successfully breaks out, the target is $85k. However, if CRYPTOCAP:BTC gets rejected at the trendline zone, the downside target will be $70.5k later fall target will be 49k level.
Bandhan Bank reverses from our Support !Bandhan Bank bounced from our support area and now around 205
This is just a Starting !! ⚡️❤️📈
RAIN is ready to give 40% from these levelsRain Industries has made Broadening Triangle Pattern
Stock has made volatility pattern which is indicating 260-280 levels from the pattern
Lets see how stock goes up from hereon.
Thank You !!
Crompton is going with momentum for More upsideCrompton has reversed from Long term Support !!
Stock always corretcs between 35-50% from highs
And give upside of 130-180%
So this time also from the lows that is from 270 levels we can expects stock to perform atleast 130-150%
Right now stock is in momentum and one can wait for correction and accumulate from lows.
BHEL - Elliott Wave Analysis Application : Expanding Wedge 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?
Elliott Wave Analysis Insight
BHEL's stock movement is currently showcasing an expanding wedge or ending diagonal pattern, often seen in the final phases of a trend, such as the fifth wave or wave -C in Elliott Wave Analysis. This pattern indicates we're possibly at a critical juncture.
Today's High and Implications
Today, BHEL hit a peak at 234.45, a significant level under Elliott Wave Analysis. This point is crucial because it tests the cardinal rule that Wave 3 must not be the shortest, and Wave 3 should be equal to or greater than either Wave 1 or Wave 5. In current BHEL's case, Wave 1 surpasses Wave 3, creating a unique situation. The stock's movement above 234.45 or 235 could mean Wave 5 will also exceed Wave 3, violating the cardinal rule of Elliott wave analysis, which is not allowed.
Technical Indicators and Outlook
The RSI shows a negative divergence, indicating the recent rise to 234/235 might not have strong momentum behind it. This divergence suggests caution.
What's Next for BHEL?
If BHEL remains below the 235 resistance, we might see a retracement to 200, a key support level. A fall below 200 could lead to a further drop to 165.80, which would be critical to watch.
Conclusion
BHEL's stock is at a pivotal point, with Elliott Wave Analysis providing a unique lens to anticipate future movements. While the resistance at 235 is vital, the underlying momentum indicators suggest a potential pullback. Investors and analysts should keep a close eye on these levels for future direction.
WaveTalks... Market Whispers... Can you hear them?
TITAN : Time to short after huge rally Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Broadening Triangle
📌 Symbol/Asset: TITAN
🔍 Description: Stock has formed Broadening triangle pattern after huge rally.
We might see downside from 3800 levels and one can think of short it.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Vodafone Idea : View on penny stock Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: IDEA
🔍 Description: Stock is making Broadening pattern and we can see resistance around 20-22 levels.
In history stock has corrected 50% from the rise so will this time we will see correction of 50% or more ??
23 is crucial resistance level and if stock not able to breakout then we might see good fall.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
APLAPOLLO : Long setup with huge upside Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: APLAPOLLO
🔍 Description: Stock is in a pattern and now near to the support level.
View is bullish if support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
BITCOIN Projection for 2024 BullRun#BITCOIN Weekly Chart Analysis
As per weekly movement in CRYPTOCAP:BTC , its #Bullish Trend #BroadeningWedge starts from 21st November 2021 and it will be properly continue onwards towards uptrend cycle. As per #FIBretracement this cycle final upar cut-off point will be at $48.2k to $51.5k approx. upto January last, after that may be it will take a slightly decline and goes towards $40k-$38k approx to completing its final downtrend cycle as per broadening wedge and as well as Bullish Curve pattern too...
After this cycle completion, into April end to may first week, CRYPTOCAP:BTC #Halving will completed and many bigger institutions arrives with Bitcoin Spot #ETFs in market, so it will be take a bigger boost of Bitcoin towards first bigger Bullish cycle towards $75k-85k this time to Break-out previous #AllTimeHigh of SWB:69K of Bitcoin upto July-August and from this time Bitcoin will be goes under full #BullRun mode upto Dec. 2024 to Jan.2025 with its first new #ATH of $185k to $220k approx.
This year, major role player of #Bullrun in Crypto market including Altcoins growth is Bitcoin ETF. Lets see, whats market move...
Anyway,
Always #DYOR before investing in Crypto and Trade wisely by using #StopLoss, its just #NFA.
and,
must Follow me, Share and Comment on it...!!!
GIFT NIFTY : A Big Fall is on the way ??Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Possible Broadening Pattern
📌 Symbol/Asset: GIFT NIFTY
🔍 Description: Gift Nifty is might be making Broadening Pattern and we can see support around 21100-21200 range
Then Index can bounce upto 22300-22500 levels.
And Finally if Resistance is not broken then we can see huge fall of 2000-2500 points !!
Keep Tracking so we can see other possibilities and patterns which are in making
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
MGL : Best Bearish setup : Long term Resistance zone Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Broadening Triangle Pattern
📌 Symbol/Asset: MGL
🔍 Description: Stock is around long term resistance zone.
and on a smaller timeframe stock is on the resistance of broadening triangle pattern.
One can take short position from here.
This is the best short trade setup for now !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Ambuja Cement : About to give huge breakout 📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: AMBUJACEM
🔍 Description: Stock has formed Broadening Pattern and its around the resistance of the pattern.
We can see huge momentum if stock is able to cross 530-540 levels on the upside.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
SAIL Multiyear breakout with retest : A possible multibagger Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern Breakout
📌 Symbol/Asset: SAIL
🔍 Description: SAIL has made Broadening pattern from 2011 to 2020 and given breakout of the pattern.
Its a multiyear breakout and retest is also done.
We can see huge upside and might see returns in 3 digit percentage numbers !!
One need to just hold it for few weeks or months to come.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
BITCOIN Projection of $15k to $48k#BITCOIN Daily Chart Analysis
As per 1-day chart Analysis of CRYPTOCAP:BTC , still it will be moving perfectly as per Broadening Wedge Pattern from last Lower-Low point of $15.5k on Nov. 2022 and before #Halving of Bitcoin its final downtrend cycle goes towards completion and it will be projecting towards BER:33K to $30k cut-off for its final Lower cut-off point around April-May 2024 on Having Time Zone.
Lets see, Whats new and final #AllTimeHigh will mar-up in 2023, while at this time on today on 6 Dec. 2023 at writing time, #ATH of CRYPTOCAP:BTC is $44,575 approx.
Whats the new All Time High of Bitcoin in 2023..
Is it will be FWB:48K or FWB:52K around,
It means, BTC cross over $50k again 8th time in history and then it take Reversal mode towards BER:33K -35k at last time..
Lets see, whats the market mood and sentiments of Whalers with news impact of #ETFs.
Always #DYOR and Trade wisely by using #StopLoss at this deadly Volatile situations of #Bull or #Bear Traps to avoid your funds from Liquidations.
and, Follow me, Share it and Like it with Comments...
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Brodening Pattern
📌 Symbol/Asset: OBEROIRLTY
🔍 Description: Stock has given the breakout of pattern. We can see huge upside from here on
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Bitcoin under Mini #BullTrap#Bitcoin 4hr. Chart Analysis
After CRYPTOCAP:BTC #DeathCross completed in today morning, Whaler's will trying to manipulate the market, and they were successful after today's #BullTrap. But as per 4 hr. chart pattern of Bitcoin's, it properly moving into Ascending Broadening Wedge Pattern with perfect Symmetry again.
Next downtrend cycle starts from 15-17 Sept. towards $22k to break out its strong support of $23.8k soon.
Always #DYOR and Trade with #StopLoss, it's #NFA
and,
Must LIKE, SHARE, COMMENT on it...
BITCOIN soon moves under Bearish Zone#Bitcoin 4-hr.Chart Analysis
CRYPTOCAP:BTC moving under Ascending Broadening Wedge Pattern, As per 4-hour chart, its cycle started from 18 August, as well same wedge pattern moving under hourly cycles too..
The last cycle of this Bearish Pattern will be finish around 12-15 September, after #DeathCross, and the CRYPTOCAP:BTC market moves into much more deeper in #BearishZone towards $22k and major chances it also break-out towards FWB:21K -$19k too...
Although. Last Lower-Low Cut-off point will be in between $16.5k-$15.5k
Always, #DYOR before investing in Crypto-Currency and Trade wisely by using #StopLoss
It's just #NFA
and,
Must Like, Share & Follow me as well Comments on it...
BITCOIN - Ready to move in Bearish Zone#BITCOIN 4hr. Chart Analysis
At Present from last 20 days, CRYPTOCAP:BTC moving into Ascending Broadening Wedge Pattern.
Ascending broadening wedge is one such formation, where its signal manifestation of the ascending wedge pattern in an uptrend, the asset price trend reverses downtrend. Hence, it is a bearish reversal pattern. An ascending broadening formation forms an inverted triangle shape in the price chart.
So that, remember the CRYPTOCAP:BTC historical chart pattern of September always into Bearish trends. Now it's moving towards $22k to break-out one of its strong support of $23.8k soon, may be some chances to take a mini reversal, but it will be not sustainable for long and break-out soon towards 2nd last #Bearish reversal cut-off point at $21.5k-$19.5k soon.
Here, Market Sentiments towards Bearish Zone as well Whaler's are also ready for that too.
So, trade wisely with #StopLoss at this situation of Volatility into market, and always #DYOR, It's #NFA
and, Must SHARE, LIKE, COMMENT on it..
#BITCOIN - Still under #BearishZone#BITCOIN 1-Day Chart Analysis
As per daily signals into yearly chart pattern, CRYPTOCAP:BTC moving under Ascending Broadening Wedge pattern from January 2023 to at present and still to be continue....
As per pattern, BTC moving into final downtrend cycle of #CorrectionWave and as per pattern, its final Lower-Low point will be approx. $22.225 and last lowest cut-off point will be $19.5k, if market goes more Bearish.
As per historic chart of last 11 years in Trading of BTC, September month was always under #BearishZone and their will be major chances for this year too,,,,
Lets, see...
What's the next market Sentiments...
Anyway,
Always Trade wisely by using #StopLoss and #DYOR, It's #NFA
&
Must FOLLOW, LIKE, SHARE & COMMENT on it...
