NIFTY 50 falling wedge PatternNifty falling wedge Pattern
Resistance :-18160
Support :-18060
(in this zone avoid Option Trading Future you can trade ,okh
premium decay
Falling_wedge
Auropharma Falling wedge FormationAuropharma Falling wedge breakout Formation
can look for tp of 696-699 for short term with sl of 483 on dc basis
INDIACEM--> FALLING WEDGE BREAKOUT + BOX CONSOLIDATION BREAKOUTNSE:INDIACEM
TECHNICAL ANALYSIS
--> INDIACEM is on the uptrend on a bigger timeframe forming Higher Lows .
--> INDIACEM has given a breakout of the FALLING WEDGE pattern previously.
--> Now INDIACEM is on the verge of breaking out of the BOX CONSOLIDATION pattern.
--> INDIACEM has given consecutive closing above the POC (Point of Control-Volume Profile) and cluster of 9EMA, 21EMA& 50 EMA .
--> Stock has tested the top of the BOX RESISTANCE multiple times ,so next time there is a hIgh probablity of breakout.
ENTRY
--> Take a postion when stock gives 1 HR closing above 218.50 .
STOPLOSS
--> SL can be placed below the Breakout Candle at 208 .
TARGET
--> Target 1 will be around 229 which is a weekly Resistance.
--> Target 2 will be around 249 which is the next Resistance near ATH.
Previous All Time High Retested & bounce1. Previous All Time High Retested & bounce
2. 50 EMA act as Support in weekly Chart
3. Falling Wedge Pattern
4. Volume Increased
5. Buy Above 760 on End of day closing is Good
Caution : 50 EMA Act as Resistance in Daily Chart
