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Broadening Wedge

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?
NSE:BHELShort
by WaveTalks
5
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.
NSE:IDEAShort
by FiveCircles
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...!!!
Long
by AskToRahulSirohi
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.
NSEIX:NIFTY1!Short
by FiveCircles
3
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.
NSE:MGLShort
by FiveCircles
2
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.
NSE:SAILLong
by FiveCircles
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...
BLong
by AskToRahulSirohi
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...
KRAKEN:BTCUSDShort
by AskToRahulSirohi
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...
BShort
by AskToRahulSirohi
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..
CRYPTO:BTCUSDShort
by AskToRahulSirohi
#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...
BShort
by AskToRahulSirohi
BITCOIN still under #BearishZone#BITCOIN 1-Day Chart Analysis- As per CRYPTOCAP:BTC daily chart, Yearly Cycles running into Ascending Broadening Wedge pattern, then its final wave is nearby touched their support level and soon break-out up to $22.5k to $19.5k to complete its Bearish Zone cycle up to 5/7 sept., while monthly cycles moving under Descending Broadening Wedge Pattern, and as per that after the current downtrend completing, its upper Bullish divergence starts soon from mid of Nov. 2023. At present, market is under volatile situation and Bears & Bulls both ready for their move, and Whaler's are also find the easy gap of 6k-7k for big Pumps & Dumps on this situation. So, as per that chart pattern will be change too, but majority of chances of Bitcoin moves as per given pattern. Always #DYOR and Trade with #StopLoss, It's #NFA & Must SHARE, LIKE & COMMENTS ON IT....
Short
by AskToRahulSirohi
Long- Nifty Infra Broadening Wedge FormationNifty Infra: The Index was consolidating from April' 09 - Feb' 21 within a channel of 2164-3729 as upper and lower bounds respectively. After Feb'21 the index broke out from it's 12 year consolidation and had a steep surge to 5381 levels as 42.54% gain within a year on monthly charts. Since January 2022, the index has been forming a Broadening Wedge Pattern in an uptrend and is near its crucial resistance of 5173 where it has faced some supply pressure. The readings from indicators and Trendline support and resistance levels shows that index may breakout from from the upper bound of 5100 on trendline where it has faced selling pressures since 8 months now and the rally may take this index to 6046 levels within a year with a 20+% gain. The trend looks strong but keeping in mind any headwinds if supply side pressure continues in next month the index will again return to it's movement in the broadening wedge with 4200-5100 as upper and lower bounds respectively. //For Research and Educational Purpose only
NSE:CNXINFRALong
by chandakpulkit
1