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Broadening Wedge

LITECOIN - Ascending Broadening WedgeLITECOIN 1-hr. Chart Analysis At Present, CRYPTOCAP:LTC moving hourly into Ascending Broadening Wedge Pattern, that indicates the #Bullish signs for its Uptrend growth with another mark of $118 to $125 next but as per its coming Downtrend cycle, last time chances their availability of $96 to $102 also. Lets see, either its perform perfect or give any breakout for next trend of divergence. Into August LITECOIN #Halving also Coming.. Always #DYOR and Trade wisely by using #StopLoss its #NFA MUST LIKE & SHARE
Long
by AskToRahulSirohi
BITCOIN at Descending Broadening WedgeBITCOIN 4 hr. Chart Analysis As per present CRYPTOCAP:BTC movements in Descending Broadening Wedge Pattern, that starts from last high of CRYPTOCAP:BTC on 22 June at $31.25k, its finishing point is around 12-15 July and it will be the last time next ATH of approx. $32.8k to $33.3k and get reversal very fast towards FWB:29K -$30k, before $33.5k mark that is another strong resistance & Support of previous timings. Also, as per FIB extension move, it will be rejects once in July to for Bearish Zone and up to august Bitcoin goes in Sideways, while Altcoins will be start to performing well this time. Always #DYOR and Trade Wisely with #StopLoss MUST LIKE & SHARE it...
CRYPTO:BTCUSDLong
by AskToRahulSirohi
MATIC on Bullish Broadening WedgeMATIC 15-min. Chart Analysis After Completing previous bullish cycle, MATIC again ready for next Bullish Trend, under the movements of Descending Right Angled Broadening Wedge Pattern, which is finally breakout on Bullish mode and major chances will be this time breakout previous 70 cent target within 24 hrs. cycle. But, before that, its last Bearish cycle is running and as per FIB Extension Trend line too, major chances to reach Lower-Low of 64-65 cents and Higher-High at 69-70 cents soon. Always #DYOR and Trade wisely by using #StopLoss at this volatile situations of Crypto market. Must LIKE & SHARE
MLong
by AskToRahulSirohi
LITCOIN retest Last Lower-Low of $65-55LITCOIN 1-DAY CHART ANALYSIS LTC Previously Running into Broadening Wedge Pattern and Now Break-out towards Bullish Flag Pattern. Now soon in July, LTC will be going towards $65-55 to retest its second last Lower-Low, after that it will be boost up into Bullish Mode and major chances to Break out previous All Time High in this coming BullRun. Always #DYOR and Trade Wisely into this Trap mode with using #StopLoss always. Must LIKE & SHARE it
Short
by AskToRahulSirohi
BITCOIN Crossed Dominance 50% after May 2021BITCOIN DOMINANCE 1-day Chart As Per Broadening Wave pattern movement into BTC Dominance Chart, it's crossed today 50% of Dominance now. Its last time into above 50% of Dominance at 1st May 2021 at final stage of Bullrun finish point. but very big chances, as per pattern that it revert at 45-46% again last time in July to August into Last Bearish Zone cycle and Altcoins season starts in Bullish mode from here. Always #DYOR and Trade wisely with using #StopLoss too. Must LIKE & SHARE
CRYPTOCAP:BTC.D
by AskToRahulSirohi
Capitalizing on Relative Weakness: Short ICICIBANK Long Nifty 50Introduction: In the dynamic world of trading, identifying relative strengths and weaknesses among stocks and indices is crucial for maximizing profits. This idea focuses on the underperformance of ICICIBANK compared to the Nifty 50 index. By analyzing the daily charts and employing a ratio chart, we can spot a potential opportunity for a pair trade. This write-up aims to provide an analysis of ICICIBANK's current trend, its ratio to Nifty 50, and how traders can profit from this relative weakness. Section 1: Understanding the Ratio Chart To gain further insights into ICICIBANK's relative performance, let's examine the ICICIBANK/Nifty 50 ratio chart. This ratio chart compares the price performance of ICICIBANK to that of the Nifty 50 index. By analyzing this chart, we can assess ICICIBANK's strength or weakness relative to the broader market. The ratio chart reveals a broadening wedge pattern breakdown. This breakdown suggests a bearish outlook for ICICIBANK, indicating a potential continuation of its underperformance against Nifty 50. Additionally, the ratio has been consistently trending within a downtrend channel, emphasizing ICICIBANK's persistent weakness compared to the broader market. Section 2: Pair Trade Strategy Based on the technical analysis of ICICIBANK and the ICICIBANK/Nifty 50 ratio, a pair trade strategy can be implemented to capitalize on ICICIBANK's relative weakness. The pair trade strategy involves simultaneously shorting ICICIBANK and going long on Nifty 50. By shorting ICICIBANK, traders can profit from its anticipated further decline, while being long on Nifty 50 allows them to participate in the potential upside of the broader market. It is crucial to effectively manage risk when implementing this pair trade strategy. Setting appropriate stop-loss levels based on ICICIBANK's volatility and the overall market conditions is essential. Additionally, continuous monitoring of the ICICIBANK/Nifty 50 ratio is necessary to assess any changes in relative performance and adjust positions accordingly. Conclusion: The current technical analysis of ICICIBANK, along with its ratio to Nifty 50, suggests a bearish outlook for the stock. Traders can consider implementing a pair trade strategy by shorting ICICIBANK and going long on Nifty 50, capitalizing on the relative weakness of ICICIBANK compared to the broader market. One has to closely track the above ratio chart for the stop and target level for the pair trade
NSE:ICICIBANKShort
by T_Harth
Broadening Wedge Pattern Breakout in Nifty 18930+ TargetOn Daily Timeframe, NIFTY indicating breakout of downtrend broadening wedge pattern near 17820 level. After this breakout expected strong upside bullish rally upto 18930+ target in short term(1-3 months). This breakout gives good opportunity to go long in nifty with stop loss around 17550 level. This pattern will be fail if nifty starts trading below 17550 level. If nifty sustain above the breakout level then this trade can gives 1:4+ reward upto 18930+ level. Thread Continue...
NSE:NIFTYLong
by TradZoo
BSE Capital Goods- Relative Strength signaling RED FLAGS!Attached: BSE Capital Goods/ BSE Sensex Daily Chart as of 13th April 2023 The Ratio Chart has given Warning Signals of what is about to come for the Capital Goods Sector, the Warning Signals are as follows: 1) A Broadening Wedge Pattern (see the Blue Trend Lines marking the Pattern) 2) A Double Top formation within the Broadening Wedge Pattern (see the Red Curve and the 2 Down Arrow Marks) 3) Triple Bearish RSI Divergence is also visible 4) MACD is currently in Sell Mode 5) ADX is below 25 meaning range bound (this means a Trend is about to start, biased for the Downside given the other signals) All the Signals I have mentioned are Bearish for the Chart which mean that if it comes to play then the Capital Goods Sector (including Stocks that make up the Sector) would be confirmed to be an UNDERPERFORMER for the coming 2-3 Weeks (till the Downside Target gets met on the Ratio Chart at least) You may look at Stocks within the Capital Goods Sector for Shorting as some of them have already given Sell Signals like L&T and SIEMENS (these 2 are on my radar)
CShort
by T_Harth
2
INDUSIND BANKHello and welcome to this analysis Among all large private banks, this one has been an underperformer since October 2021. In the weekly time frame, Indusind Bank is completing the counter-trend leg of an Ichimoku Y wave. Ichimoku Y Wave formations are formed in triangle/diagonal formations. For further upside, it needs to start closing above 1100 on daily basis. Else below 1050, it could resume the downtrend that it started in October 2021. For the short term, it has support at 1025/975/900 On the other hand, if it manages to sustain above 1100 it would head towards 1150 (minor resistance) and above that 1250
NSE:INDUSINDBKShort
by Dinesh_C_Nagpal
1
Falling Broadening Wedge Pattern In NIFTYOn Daily Timeframe, NIFTY trading in falling broadening wedge pattern. Currently it's trading in downtrend direction and this downside can expected upto near 15000 level or downside support level. At this location investor or short term trader can look for buying side positions on reversal confirmation. For long side investors can wait either bottom support level or breakout of upside resistance level. Disclaimer: Consider this post as an education purpose only. All mentioned levels and assumptions based on historical movements. Before taking any position don't forget to consult with your financial advisor.
NSE:NIFTY
by TradZoo
2
Ascending Broadening Wedge Pattern in LT for 2565+ Target On a Monthly Timeframe, In this stock gives the breakout of ascending broadening wedge pattern near 1850 level. So it is a wise idea to trade in the breakout direction at the current level. According to this pattern most of the time it gives correction movement after the breakout. So for confirmation entry can wait for the corrective movement to entry. The target is the full height of this wedge pattern and it can be 2565+ in LT. Can take position near 1850 level with stop loss below 1590 level. Keep some space in stop loss below 1590 according to your risk management. This position can give a good risk-reward for the short term.
NSE:LTLong
by TradZoo
1
Broadening Wedge Pattern in INDIGO projected 2370+ targetIn 30 minutes time frame, INDIGO showing consolidation zone and creating broadening wedge pattern. Currently it's trading near the support level of this pattern. So most chances there have a reversal from this support level. There have 2 possible entry's in this stock as below: 1) Reversal Entry:- Can take entry near support level with targets upto the resistance level. Possible it will face resistance level near 2260(nearly 100+ points). For this trade can place stop loss below support level. Also, Can hold this trade with trailing stop loss for breakout entry. 2) Breakout Entry:- Once this stock reached it's resistance level there have chances of breakout. Once this gives breakout can go long for target of 2370+ with stop loss below resistance level. Disclaimer: Consider this post as an education purpose. Before taking any trade always consult with your financial advisor. All mentioned patterns and levels are based on probability and previous history. Don't consider it as a surely. Always trade with risk management.
NSE:INDIGOLong
by TradZoo
4
Nifty view for 09 September 2021As we can see CHART PATTERN OF "BROADNING TOPS AND BOTTOM". We can expect some upside From Current Level and may face some selling pressure from upper level. AS per Option chain data we may see range bound day with range of 17300 to 17450 and we can see closing below 17400. BANKNIFTY will be leading sector for Nifty as we can see "inverted head and shoulder pattern" in 15 min time frame in BANKNIFTY. If you are option trader you can see some good example of trades that we can take tomorrow. ALL INFORMATION ARE JUST FOR EDUCATIONAL PURPOSES. GROW MORE GROUP.
NSE:NIFTY
by mj1912
Broadening Descending Wedge Setup?Notes: BankNifty seems to be forming a descending broadening pattern. Statistically (Taking Thomas N Bulkowskis book as a reference) an upper breakout is preceded by a partial decline (as in this case) around 87% of the time. Target in case of a breakout on the upper side would be the top of the pattern which is 35650. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action. The book came highly recommended by a community member. Its really interesting if you have an interest towards statistics.
NSE:BANKNIFTYLong
by the_consolidation_guy
AMARAJABAT - Plan, Risk and Logic in Description ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ ✺--------------------LOGIC of the trade----------------------------- ✺ ✣The Green area is the weekly support zone ✣The blue trendlines depict resistance lines and support lines of a broadening pattern for downwards ✣The yellow lines show a parallel channel in making ✺----------------------- Plan of the trade---------------------------- ✺ ✣No potential longs at current levels at least ✣Be patient enough to let it break out of both the patterns as told in the Logic section ✣Wait patiently and watch the stock only, no targets, no Sl, and no trade but potentially good pick for the week ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>
ALong
by Averoy_Apoorv_Analysis
2