Broadening Wedge
BRITANNIA - Broadening wedge pattern formation at weekly TFBRITANNIA - Broadening wedge pattern formation at weekly TF
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
A possibile Sharp Fall!! - Bearish Butterfly & Broadening WedgeExpecting TVC:USOIL to go for a sharp correction.
Harmonics 4-point & 5-point pattern helped identify a Potential Trend Reversal Zone, where bullish movement may end & trend may reverse.
Got a terminal candle confirmation in the PRZ.
Also, in a broader view prices formed a Broadening Wedge Pattern (a-b-c-d-e wave structure) which might possibly be a B-wave in an A-B-C Correction Wave pattern.
KRAFT HEINZ CO ready to break the descending broadening wedge?Good LONG opportunity on KHC if it breaks to the upside with good volume the descending broadening wedge.
ONGC weekly chart study - Broadening wedge breakoutONGC has given a broadening wedge breakout on weekly chart
Buy above 171
T1: 200
T2: 220
T3: 240
SL: 155
Broadening Bottom BreakoutPrices were moving in such a way that it has formed "Broadening Bottom" pattern. The pattern is perfect with alternate touches on both sides and it has given breakout today. Pattern trader can use the setup for their trading with price expectation of 575.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
IGL : Broadening Wedge & the BreakoutHappy Monday Guys, As I always say - only we the traders welcome Monday with happiest smile :) Atleast I do, bcos we are getting back to what we love to do.
So here we have bullish run in IGL then wedge kinda broadening formation, then breakout to upside, so longs are wise in IGL, towards the target of 1200's -1180's zone. Check what's your risk before entering, that's wise. You should know how much you stand to lose to make potential profit :)
BankNifty : Another Push to Upside This one is Ascending Broadening Wedge here in Banknifty and time is not ripe for its breakout yet, probably up side trendline needs to redrawn depending on todays close ( if positive ) but this is not yet ready for breakout. So go on 15mins in Banknifty and find trade setups to take trading decisions.
For expiry, will post out range by 2mrw, yet to do that part !
I will post it out or update when its on verge of breakout !
