Descending Broadening Wedge

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praveen.bhatiya praveen.bhatiya VEDL, 15,
VEDL: Trade possibility : Descending Broadening Formation
32 0 2
VEDL, 15
Trade possibility : Descending Broadening Formation

The Stock has nicely formed the "Descending Broadening Formation" which could be used for trading. How to trade it : if it breaks the upper horizontal line and stay there for some period one can go long. If it gives false breakout and come back immediately to the the upper line one can short the stock. Good Luck

bbrijesh bbrijesh NIFTY, 60, Long ,
NIFTY: Nifty Hourly (Bullish Scenario)
237 6 10
NIFTY, 60 Long
Nifty Hourly (Bullish Scenario)

* Bullish Harmonic * Descending Broadening Wedge * Rising trendline * Bullish Stochastic >>9040 negates bullish scenario

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