Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up...
Almost a 10 year falling channel breakout has happened in jindal drilling. Usually falling channel breakout gives a huge targets and is also in this case. The target could be somewhat 440 and the CMP is 142.
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Self-explained chart : Just educational purpose
⌛ 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...
Notes:
Very steel falling wedge pattern.
Since the pattern is a bullish setup, any close above the trendlines might take it upto the level marked in green.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Glenmark forming a Rising Wedge Pattern- Stay Invested or Exit.
A Pattern within a Pattern. A long Term Rising Wedge Pattern and a triangle pattern within it.
To go long it has to break the triangle pattern first and the 52 week high at 658.20 and the trend line. The RSI is also falling.
Iam in a dilemma whether to exit now or to wait for my Target at 705.90.
What is Falling Wedge chart pattern?
Rising and falling wedges are a technical chart pattern used to predict trend continuations and trend reversals. The falling wedge is a generally bullish pattern signalling that one will likely see the price break upwards through the wedge and move into an uptrend.
How does it work?
The falling wedge is a bullish stock...
Falling wedge pattern breakout with good volume at weekly time frame. Can be good buying opportunity at CMP 2171. Target can be 23 %.
Disclaimer : Not a recommendation for study purpose only.
Bank Nifty was at channel top and it had to fall and it's fallen. does it take a monthly support at 28000 level? lets wait and see where market has to headus in coming days ( before Apr 31st 2021 ).
my view on Monthly is bearish. but weekly we can see some consolidation.
Bearish view of bearish
News - Lockdown everywhere in India
Technical -
1) If market gonna crush with good volume and
strong bearish candle then market will crush.
2) To where the crush will continue
~~ If market breaks 33389 with strong red candle then
~~ It will go to 32842 to 32607.
~~ Even if it breaks then 31489, 30945
One can consider to buy this for long term MAX. (1.5 yrs). It is not easy to take out long term targets but one can easily make all time high as their target.
For positional basis initate buy after breakout for a target of 149 - 162 with a SL of 103.
