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Falling Wedge

BankNifty - Did You Miss The Explosive Move from 51000 ? Disclaimer: This is for informational purposes only and is not a solicitation or offer to buy or sell any securities or products. Consult Your Financial Advisor As per last idea we proposed that holding 51000 & above BankNifty Index can push upside towards 52050 & Above 52100 - can look for 52900-53100 Happy We achieved 78% of the target & got the maximum points of 1500 points in the Index Last Idea What Next ? Index again forming a similar looking pattern from the highs of 52577 -recent highs & safe traders can look for short term downside moves falling below 52100 towards 51855 - Yesterday's low & 51250 / 51000 respectively. Regards, WaveTalks Abhishek
NSE:BANKNIFTY
by WaveTalks
3
DOGS/USDT: BUY ZONE ACTIVATED! 60-70% PROFIT POTENTIAL!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! DOGS looks promising right now, breaking out from a falling wedge and currently retesting the wedge. I recommend going long here with a tight stop loss and low leverage. Targets: $0.00094 $0.00108 $0.00121 $0.00133 Stop Loss: $0.000736 Leverage: 5x What are your thoughts on DOGS's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
CEG -Falling Wedge Breakout -DailyThis chart depicts **Constellation Energy Corporation (CEG)** on NASDAQ with a daily timeframe. Here's an analysis of the current price action: ### Key Observations: 1. **Falling Wedge Breakout:** - The stock has broken out of a **falling wedge pattern**, a bullish signal. The wedge starts around the high in May 2024, with a steady decline until early September. - The breakout occurred with strong momentum, as evidenced by the sharp price rise to **$254.98**, signaling the potential start of a new uptrend. 2. **Cup and Handle Formation:** - A **Cup and Handle** pattern is visible, a bullish continuation pattern that suggests more upside is likely after the breakout. - The "cup" spans from June to August, followed by a smaller "handle" in September. 3. **Targets:** - After breaking above the **$199.59** resistance level, the first measured move shows a potential gain of **22.23%** from this breakout level, targeting **$276.11**. - If this move plays out, the next target is an additional **38.48%** increase, aiming for **$276.11**, indicating the potential for further gains. 4. **Support Levels:** - If the breakout fails or a pullback occurs, immediate support lies at the **$199.59** level, which coincides with the bottom of the wedge. - A deeper pullback could find support near the **$120.00** level. 5. **Volume Surge:** - There was a significant increase in volume during the breakout, with **15.031M** shares traded, signaling strong buying interest and conviction behind the move. ### Conclusion: - The breakout from both the **falling wedge** and the **cup and handle** patterns suggests a strong bullish outlook for Constellation Energy. Immediate targets are **$276.11**, with potential upside to **$280.00**, while **$199.59** serves as the nearest support.
NASDAQ:CEGLong
by Vem_TA_Charts
ALKYLAMINE : How to spot Trend Reversal There are 3 tools to identify a Trend Reversal Fibonacci Retracement Indicator: - Fibonacci retracement levels are prices, depicted as horizontal lines on a chart, that indicate where support or resistance could likely to occur. - The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. Here in this chart Swing low is 462 and Swing high is 4386 The price has fallen from 4386 and is consolidating at 0.618 which is also called as golden ratio and acts are strong support. Pattern Identification: The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge’s resistance. Volume breakout after consolidation: Here in this chart, volumes are huge near the upper trendline of falling wedge pattern indicating a strong trend reversal. Thanks for sparing time to read this learning article. Good day!
NSE:ALKYLAMINELong
by PowerOfTA
Mishtann Foods - Falling Wedge Breakout - Ascending ChannelMishtann Foods has recently broken out of a Falling Wedge pattern on Daily Timeframe, as shown in the Chart. The stock has also been moving in an Ascending Channel on Weekly timeframe and has recently taken support at the bottom of the channel and bounced from there. Support at the bottom of the Channel has been tested 3 times, as shown in the image. Looking good to me. What are your thoughts? Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
BSE:MISHTANNLong
by gurinder1988
1
HAPPSTMNDS - Falling Wedge Pattern Formation🔊 HAPPSTMNDS - Falling Wedge Pattern Formation HAPPSTMNDS - HAPPIEST MINDS TECHNO LTD ⌛Duration - Long Term (1 year to 2 years) 📊📈 Trade Logic - Falling Wedge Pattern Formation CMP - ₹ 813 Time Frame - Weekly 🎯Target 1 : ₹940 🎯Target 2 : ₹1050 🎯Target 3 : ₹1160 🎯Target 4 : ₹1260 🛑 Stop : ₹735 🏆 Risk/Reward Ratio (1: 7) * Stock hit ATH of ₹1580 on 12th July 2021 * After sharp fall from july 2021 to June 2022, stock goes into consolidation mode without any significant price change. * Stock recently bounced back from support line and this time there is high chance to break the resistance and start upward journey * Trade reason - IT sector in momentum,this stock is already beaten down and is at good support level. * FII and DII have increased their stake in June qtr vs March qtr. Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:HAPPSTMNDSLong
by Profit_Trader25
KOLTEPATIL AT DAILY DEMAND ZONEKOLTEPATIL (KOLTE-PATIL DEVELOPMENT) About the company The company has been creating landmarks for over 3 decades and has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of ~20 million square feet across Pune, Mumbai and Bengaluru. Kolte-Patil is a trusted name with an established reputation for high quality standards, design uniqueness and transparency. Stock is at Daily Demand Zone Look At the chart👇👇 Trade Setup- LTP 429 any dip upto 400 can be bought For targets🎯 457 / 483 / 505 / 521++ Above 525 it would be a breakout..... Breakout Targets🎯 555 / 581 / 600 / 625+++ WEEKLY SUPPORT 380---370 Tecnical Analysis... 1) Formation in progress of..Falling Wedge pattern on Daily Charts... 2) Volume addition 3) At good and strong numbers 4) Daily and Weekly Support Regards... Harm⭕️nics4Life 17/07/2024 Disclaimer & Risk Warning I am not sebi registered analyst. My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
NSE:KOLTEPATILLong
by Harmonics4Life
IRFC - Falling Wedge,This chart displays the daily price action of Indian Railway Finance Corporation Limited (IRFC) on the NSE (National Stock Exchange of India). Here’s an analysis based on the chart provided: ### Key Observations: 1. **Descending Wedge Pattern**: - The price action has formed a falling wedge, a bullish reversal pattern. The price has broken out of the wedge, indicating a potential upward move. 2. **Support and Resistance**: - The previous resistance level around ₹193.10, which also acted as support in past, is key. The breakout from the wedge aligns with this level, suggesting a retest of this area. 3. **Volume Analysis**: - There’s been a spike in volume during the breakout, indicating strong buying interest. This adds credibility to the bullish breakout. 4. **Relative Strength Index (RSI)**: - The RSI is near the neutral zone around 49.53, which suggests there’s room for upward momentum before entering overbought territory. The recent uptick in RSI supports the bullish outlook. ### Possible Scenarios: - **Bullish Case**: If the price sustains above the ₹193.10 level, a continuation of the upward trend could lead to further gains, potentially towards previous highs around ₹230. - **Bearish Case**: If the price fails to hold above the wedge breakout level and drops back into the pattern, a retest of lower support levels around ₹165-170 is possible. ### Conclusion: The chart suggests a bullish breakout with potential for further upside, but watching the ₹193.10 resistance level is crucial for confirmation. The RSI and volume are supportive of a bullish scenario, but risk management is important in case of a false breakout.
NSE:IRFC
by brijmohan_h
MOL - TURNAROUND POTENTIAL WITH A FALLING WEDGE BREAKOUTHi All, The idea is about Meghmani Organics ABOUT THE COMPANY Founded in 1986 as M/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. The company manufactures Pigments and Agrochemicals through its 6 manufacturing facilities located in Gujarat. The company is amongst the top 3 Phthalocyanine based pigment players in the world and amongst the top 10 producers of pesticides in India. Meghmani Organics Ltd (MOL) manufactures green and blue pigment products, which are used to manufacture printing ink, plastic, paints, textiles, leather, and rubber. TECHNICALS The stock has been in a falling wedge pattern & has given a breakout. The breakout was sustained & has been testing first level of resistance at 88.65 multiple times. Once it breaks it can move to 93 where next resistance lies Fundamentals Not a good last year but sales/profit showing symptoms of turnaround which is evident in price action Thanks, Stock-n-Shine
NSE:MOLLong
by Stock-n-Shine
Valor Estate Ltd.#### 1. **Price Chart Analysis (Upper Section)** - **Uptrend Channel**: The price is moving within a clearly defined upward channel, indicating a long-term uptrend. - **Support and Resistance**: - **Channel Support**: The price has touched the channel support multiple times, confirming its validity. - **Horizontal Resistance**: There is a horizontal resistance line which was recently broken, suggesting a bullish breakout. - **Chart Patterns**: - **Falling Wedge**: A falling wedge pattern is identified near the resistance breakout, which is typically a bullish pattern. The breakout from this pattern adds further confirmation to the uptrend. #### 2. **Volume Analysis (Below Price Chart)** - **Volume Spike**: There is a noticeable increase in volume coinciding with the breakout, indicating strong buying interest. - **Volume Profile**: The volume profile highlights significant trading activity at the current price levels, providing a strong support base. #### 3. **RSI Analysis (Lower Section)** - **RSI Trendlines with Breakouts**: The RSI is at 54.85, which is in the neutral zone. - **Historical Breakouts**: The chart shows several RSI breakout points. The recent RSI trendline shows a potential bullish divergence as it moves upwards, indicating increasing momentum. - **Volume Highlight**: Volume is also highlighted in the RSI section, showing correlation between volume spikes and price movement. ### Interpretation: - **Bullish Indicators**: - **Channel Uptrend**: The price consistently follows an upward channel. - **Resistance Breakout**: The breakout above the horizontal resistance and falling wedge pattern indicates a potential continuation of the bullish trend. - **Volume Support**: Strong volume during the breakout suggests institutional buying. - **RSI Neutral**: While the RSI is neutral, it is moving upward, indicating potential bullish momentum. ### Potential Actions: - **Long Position**: - **Entry Point**: Considering the breakout and uptrend channel, entering around the current price levels could be a good opportunity. - **Stop Loss**: Placing a stop loss slightly below the channel support or the recent breakout point to manage risk. - **Monitoring RSI**: Watch the RSI for any signs of reaching overbought levels or bearish divergence. ### Conclusion: The chart presents a strong bullish case with multiple confirming indicators such as the uptrend channel, breakout from resistance and falling wedge, and strong volume support. Careful monitoring and strategic entry points with appropriate risk management could capitalize on this bullish trend.
NSE:DBREALTYLong
by brijmohan_h
MRF - FALIING WEDGE BREAKOUTHi All, This idea is about MRF Limited Market Cap - 54 891 Cr Mcap/Sales - 2.18 P/E - 26.4 ROE - 13.2% ROCE - 16.9% Promoter Holding - 27.8% EPS - 4907 Quick Ratio - 0.79 D/E - 0.17 Technicals Price reversal breakout is seen on daily chart of MRF. It continued in falling wedge pattern & then price broke out of the upper channel with heavy volume. This could signal a price reversal at this point Price has corrected almost 15% from its peak Happy Trading, Thanks, Stock-n-Shine
NSE:MRFLong
by Stock-n-Shine