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Falling Wedge

KAYNES TECHNOLOGY IND LTD – Technical Analysis________________________________________ 🧠 KAYNES TECHNOLOGY IND LTD – Technical Analysis Ticker: NSE:KAYNES | Sector: EMS & Semiconductors Current Price: 6,172.00 ▲ (+9.5% on July 31, 2025) Technical View: ⭐⭐⭐⭐ | Chart Pattern: Falling Wedge Breakout ________________________________________ 📈 Technical Overview 🔹 Chart Pattern Formed: Falling Wedge Breakout with extremely high volume confirmation 🔹 Breakout Zone: 6,000–6,050 🔹 Momentum Signals: — RSI breakout above 60 — Strong bullish candle with rising volume — VWAP and SuperTrend aligned bullish 🔹 Support Trendline Held on multiple touchpoints 🔹 Breakout Candle marked by heavy institutional volume ________________________________________ 📰 Key Fundamental Developments ✅ Q1 FY26 PAT up ~50% YoY to 74.6 Cr ✅ Gross margin expanded to 41%, EBITDA margin to 16.8% ✅ Strategic acquisitions from Fujitsu (85 Cr domestic + 118 Cr JV with L&T) ✅ Strong order book visibility (~7,400 Cr) ✅ Raised 1,600 Cr via QIP to fund growth ________________________________________ 📊 Sentiment Analysis Sentiment: ✅ Positive — Strong earnings beat and margin expansion — Global expansion through Fujitsu JV — Bullish commentary from major brokerages — Institutional confidence via QIP and upgrades ________________________________________ 🔼 Resistance Levels 6,400 – Immediate breakout target 6,834 – Top of consolidation range 7,285 – Medium-term resistance (historic supply zone) 🔽 Support Levels 5,970 – Breakout retest zone 5,700 – Structure base 5,170 / 4,864 – Deep support for longer-term invalidation ________________________________________ 📌 What’s Catching Our Eye 🔹 Volume spike confirms genuine breakout 🔹 RSI, SuperTrend, VWAP – all flashing bullish 🔹 Back-to-back bullish closes after a 10 day contraction breakout 🔹 Volume & price action aligned across multiple timeframes ________________________________________ 👀 What We’re Watching For 🔸 Follow-through momentum toward 6,400+ 🔸 Whether breakout holds above 5,970 in coming sessions 🔸 Semiconductor line execution progress 🔸 Margin trends in upcoming quarters ________________________________________ ⚠️ Risks to Monitor ⚠️ Rich valuations (~130x P/E) – limited room for disappointment ⚠️ Execution risk on new lines and acquisitions ⚠️ Global slowdown in electronics & macro headwinds ⚠️ Any delay in semiconductor segment scale-up ________________________________________ 🔮 What to Expect Next 🔹 Retest of breakout zone (~6,000–6,050) possible 🔹 If held, expect momentum toward 6,400–6,800 🔹 Sideways consolidation likely if volumes taper 🔹 Strong close above 6,400 could initiate fresh uptrend leg ________________________________________ 📈 Strategy Insight (For Educational Purposes Only) — Aggressive Traders: Watch level of 6284 — Momentum Traders: Watch 6,050 retest for low-risk entry — Risk Management: Position sizing + Capital risk – as per individual preference ________________________________________ 💬 Why It’s On Our Watchlist Kaynes blends EMS scale with high-margin ODM design and semiconductor upside. Rare in India’s listed space. Strong revenue visibility, global expansions, and balance sheet strength make it a high-conviction long-term story. ________________________________________ 📉 If Price Comes Down… 5,700–5,800 is a critical support zone. Breakdown below this with volume = trend weakness. 5,400 is final demand zone before structural damage. ________________________________________ 🪙 Educational Insight for Learners This chart is a real-world example of a falling wedge breakout confirmed by volume. The key takeaway: price alone is not enough—watch volume, RSI, and structure. Never chase momentum without a plan. Always pair conviction with discipline. ________________________________________ 🚨 Reminder: No stock is a “sure thing.” Use proper risk management. Stay rational when others get emotional. ________________________________________ ⚠️ Disclaimer (Please Read Carefully): This content is shared strictly for educational and research purposes only. I am not a SEBI-registered investment advisor, and no buy or sell recommendations are being made. All views expressed are based on personal market analysis and experience. They are not intended as financial advice. Trading — especially in derivatives like options — involves significant financial risk. Losses can exceed your initial investment. 👉 Always do your own research and consult a certified SEBI-registered advisor before making any investment or trading decisions. 👉 Use proper risk management and only trade with capital you can afford to lose. The author assumes no responsibility or liability for any trading losses incurred from acting on this content. By engaging with this material, you agree to these terms. ________________________________________ 💬 Found this helpful? Drop your thoughts, questions, or insights in the comments below ⬇️ — let’s learn together! 🔁 Share this post with your trading friends and community — help them discover clean charts, structured setups, and zone-based learning. ✅ Follow simpletradewithpatience for clear setups, educational content, and a no-nonsense approach to price action, supply-demand zones, and risk-managed trades. 🚀 Trade with patience. Trust your charts. Stay clear-headed. Because the goal is not just to trade — it's to trade better. Be Self-Reliant | Trade with Patience | Learn with Charts & Zones 📊
NSE:KAYNESLong
by simpletradewithpatience
Bharat Rasayan–Falling Wedge Breakout with 39% Upside Potential!Hello Everyone, i hope you all will be doing good in your life and your trading as well! Today i have brought a post which is on Bharat Rasayan – a classic case of a falling wedge breakout. After staying in a falling wedge pattern for nearly 10 months, the stock has finally broken out with a strong bullish candle and a clear volume spike. This breakout zone (9900–10200) also aligns with the downtrend line, making it even more valid. The best part? This has participated in rally yet, means there is a lot remain in this stock, please check chart above for entry, stop loss and targets. This setup is based on price action, chart structure, and previous pattern behavior. If you’re a swing or positional trader, this one’s worth watching! If you liked this idea, don’t forget to LIKE & FOLLOW for more clean, technical setups. Disclaimer: This idea is for educational purposes only. Do your own research before taking any trade.
NSE:BHARATRASLong
by TraderRahulPal
Tata Teleservices (Maharashtra) Big breakout alert!Big Breakout Alert! Price has convincingly broken out of a long-term descending trendline with high volume interest visible on the volume profile — signaling a potential change in trend. 🔹 CMP: ₹65.88 (▲ +13.14%) 🔹 Resistance levels: ₹79.00 → ₹104.00 🔹 Support zone: ₹54.10 (Volume Node & Horizontal Structure) 🔍 Technical Insights: Volume Profile Analysis  🔸 High volume node between ₹54–₹66 suggests strong accumulation.  🔸 Sharp price rejection below ₹54 confirms it as a demand zone. Descending Trendline Break  🔸 Price finally broke out after multiple rejections since August 2023.  🔸 Breakout has occurred with aggressive bullish momentum. Roadmap Projection (Blue Path)  1. Possible retest near ₹62–₹64  2. Push toward ₹79 zone  3. Consolidation before breakout toward ₹92–₹104 (previous POC & supply zone) 🧠 Takeaway: This breakout, backed by volume and structure, hints at a trend reversal. If price holds above ₹62–₹64 on a retest, the stock could enter a new bullish phase targeting ₹100+. “The longer the base, the stronger the breakout.” #TataTeleservices #TTML #BreakoutStock #VolumeProfile #TrendlineBreak #SwingTrading #ChartAnalysis #StockMarketIndia #PriceAction #TechnicalAnalysis
NSE:TTMLLong
by iVishalPal
NAZARA - Breakout from Long-Term Falling Wedge📊 NAZARA – Breakout from Long-Term Falling Wedge | Strong Weekly Momentum 🕰️ Timeframe: Weekly | 💥 Pattern: Falling Wedge Breakout | 🔥 Sentiment: Bullish 📈 Chart Overview: Nazara Technologies has broken out of a multi-year falling wedge on the weekly chart, with a strong green candle above key EMAs and Fibonacci confluence zones. Price closed the week above ₹1,100, indicating a shift in long-term momentum and a potential start of a fresh uptrend. 🔍 Technical Highlights: 📉 Falling Wedge Pattern: Multi-year consolidation now broken on strong volume 💥 Breakout Candle: Price closed above trendline resistance and key Fibonacci 50% level 🧠 Volume Surge: Volume confirmation signals institutional interest 📊 EMA Confluence: Price trading above 20/50/100/200 EMAs – bullish alignment 🧱 Support & Resistance Levels: Level Type Price (₹) 🔼 Resistance 1 1,219.25 (Fib 61.8%) 🔼 Resistance 2 1,678.00 (Previous ATH / Fib 100%) 🔻 Support 1 1,077.55 (Fib 50% – breakout zone) 🔻 Support 2 935.85 (Fib 38.2% + EMA cluster) 🔻 Support 3 820–860 (multi-touch horizontal support & EMA 200) 🔧 Indicators Used: Fibonacci Retracement – Plotted from swing low ₹477.10 to high ₹1,678.00 EMA 20/50/100/200 – Price is now above all EMAs, showing trend shift Volume Bars – Confirming strong breakout Chart Pattern – Falling wedge (typically bullish) 📌 Chart Sentiment & Setup: ✅ Bias: Strongly Bullish 📍 Breakout Level: ₹1,077 🎯 Upside Targets: ₹1,219 → ₹1,320 → ₹1,678 ❌ Invalidation: Sustained close below ₹935 with volume 📢 Summary: Nazara is showing signs of a structural breakout after prolonged downtrend and consolidation. The falling wedge breakout, confirmed by volume and EMA crossover, sets up a long-term bullish outlook. A retest of the ₹1,075–₹1,100 zone could offer a high-probability entry. 🧠 Pro Tip: Wait for a weekly candle close and minor pullback to the breakout level before entry. ⚠️ Disclaimer: This is a technical analysis post meant for educational purposes only. Please do your own research or consult a financial advisor before investing. 🔔 Follow @PriceAction_Pulse for more actionable swing setups, breakout alerts, and chart breakdowns!
NSE:NAZARALong
by PriceAction_Pulse
Real Success Rates of the Falling Wedge in TradingReal Success Rates of the Falling Wedge in Trading The falling wedge is a chart pattern highly valued by traders for its potential for bullish reversals after a bearish or consolidation phase. Its effectiveness has been extensively studied and documented by various technical analysts and leading authors. Key Statistics Bullish Exit: In 82% of cases, the exit from the falling wedge is upward, making it one of the most reliable patterns for anticipating a positive reversal. Price Target Achieved: The pattern's theoretical target (calculated by plotting the height of the wedge at the breakout point) is achieved in approximately 63% to 88% of cases, depending on the source, demonstrating a high success rate for profit-taking. Trend Reversal: In 55% to 68% of cases, the falling wedge acts as a reversal pattern, signaling the end of a downtrend and the beginning of a new bullish phase. Pullback: After the breakout, a pullback (return to the resistance line) occurs in approximately 53% to 56% of cases, which can provide a second entry opportunity but tends to reduce the pattern's overall performance. False Breakouts: False exits represent between 10% and 27% of cases. However, a false bullish breakout only results in a true bearish breakout in 3% of cases, making the bullish signal particularly robust. Performance and Context Bull Market: The pattern performs particularly well when it appears during a corrective phase of an uptrend, with a profit target reached in 70% of cases within three months. Gain Potential: The maximum gain potential can reach 32% in half of cases during a bullish breakout, according to statistical studies on equity markets. Formation Time: The wider the wedge and the steeper the trend lines, the faster and more violent the post-breakout upward movement will be. Comparative Summary of Success Rates: Criteria Rate ..........................................Observed Frequency Bullish Exit ........................................................82% Price Target Achieved ........................................63% to 88% Reversal Pattern ..............................................55% to 68% Pullback After Breakout .....................................53% to 56% False Breakouts (False Exits) ...............................10% to 27% Bullish False Breakouts Leading to a Downside ..............3% Points of Attention The falling wedge is a rare and difficult pattern to correctly identify, requiring at least five contact points to be valid. Performance is best when the breakout occurs around 60% of the pattern's length and when volume increases at the time of the breakout. Pullbacks, although frequent, tend to weaken the initial bullish momentum. Conclusion The falling wedge has a remarkable success rate, with more than 8 out of 10 cases resulting in a bullish exit and a price target being reached in the majority of cases. However, it remains essential to validate the pattern with other technical signals (volume, momentum) and to remain vigilant against false breakouts, even if their rate is relatively low. When mastered, this pattern proves to be a valuable tool for traders looking for optimized entry points on bullish reversals.
COINBASE:BTCUSDEducation
by Le-Loup-de-Zurich
KRBL LTS- Falling Wedge Breakout | Trend Reversal Signal Ahead?KRBL LTD – Falling Wedge Breakout 💥 | Trend Reversal Signal Ahead? 📅 Published on: April 17, 2025 📈 Technical Analysis: KRBL has shown a bullish breakout from a long-term falling wedge pattern on the daily chart — a classic reversal pattern signalling a potential upward move after prolonged consolidation. The breakout candle is supported by strong volume and a bullish RSI setup. Pattern: Falling Wedge (Bullish) Breakout Price: ₹306.60 Previous Resistance Line: Now acting as support Breakout Volume: 1.45M (above average) 🧭 Key Support & Resistance Levels: Immediate Support: ₹290 Major Support: ₹275 Immediate Resistance: ₹315 Next Resistance Zone: ₹330 – ₹345 Trendline Resistance (Broken): ₹300 (now support) 🔍 Indicators: RSI (Relative Strength Index): Current RSI: 66.39 — bullish, nearing overbought zone, shows strong momentum. RSI Bullish Crossover observed in April, indicating accumulation before breakout. 🧠 Price Action Observations: Price respected the wedge formation since March 2024. A strong bullish candle broke above the upper wedge with conviction. RSI confirms strength, aligning with price action breakout. Volume surge supports the breakout's validity. 📌 Strategy (For Educational Purposes): Entry: ₹305–310 (on retest) Stop Loss: ₹285 (below wedge support) Targets: ₹330 ₹345 ₹360+ 📊 Visual Markings & Icons: White Trendlines: Highlighting falling wedge support and resistance. Bullish RSI Tags: Marking key bullish RSI crossovers. Volume Spikes: Notable on breakout day. Breakout Candle: Large green candle breaching the upper wedge line. ⚠️ Disclaimer: This analysis is for educational and informational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:KRBLLong
by PriceAction_Pulse
Sky Gold’s Breakout: Falling Wedge Pattern Points to Big Upside!Hello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock name with Sky Gold & Diamonds and it is showing a promising Falling Wedge pattern, and with the breakout above the upper boundary, it’s signaling a potential bullish move ahead. The breakout is supported by a volume surge, which suggests smart money may be entering, reflecting strong market interest. This could be the start of a solid rally. On the fundamental side, Sky Gold has been performing well, with a 51% YoY revenue growth and a 117% jump in net profit for FY2024. The company maintains a solid ROE of 24%, with a manageable debt-to-equity ratio of 1.25, showing strong financial health and good prospects moving forward. For this trade, 351-340 is a good entry range, with a 296 stop loss. I’m targeting 426 , 483 , and the final target of 553 . This setup offers strong upside potential, but as always, make sure to manage your risk and keep an eye on the price action. Let’s see how this one plays out! Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions. If you Found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
NSE:SKYGOLDLong
by TraderRahulPal
BRIGADE – Falling Wedge at Demand Zone, Waiting for BOSSetup Type: Reversal + Breakout Play | Conviction: Medium-High (Needs Confirmation) Chart Framework: Smart Money + Classic TA BRIGADE is showing signs of a potential trend reversal, but we’re not jumping in yet. Here's what the chart tells us: 🟡 Falling Wedge Formation – A bullish reversal pattern that typically resolves to the upside. 🟢 Tapped into a Strong Order Block – Smart money territory where previous accumulation took place. 🧲 Liquidity Grab Below Prior Lows, but... Volume on Bounce is Weak – Sign of caution. 📢 Analyst Rating: STRONG BUY – Adds institutional bias to the bullish setup. 🔐 No Confirmed Break of Structure Yet – Enter only after a clean breakout above ₹1050. 📈 Trade Plan: Wait for a strong BOS (Break of Structure) and price closing above ₹1050 with volume. Target zone near ₹1440+ aligns with measured move of wedge and previous supply. ⚠️ This is a setup with potential, but it’s not “ready” yet. Don't front-run smart money — let price confirm before jumping in. Risk management is a must.
NSE:BRIGADELong
by Trading_Mentor_Amaan
3
The Falling Wedge Pattern: A Guide to Catching Bullish BreakoutsFalling Wedge Pattern: A Continuation Chart Pattern Hello Traders! In today's post, we’ll explore the Falling Wedge Pattern , one of the most reliable continuation patterns that traders look for during uptrends. It’s an important tool for identifying potential breakout points in trending markets. If you want to learn how to trade these breakouts effectively, mastering the Falling Wedge is essential. The Falling Wedge pattern typically forms during an uptrend and consists of converging trendlines, where the price makes lower highs and lower lows. However, despite the price being pushed lower, the momentum starts weakening, and eventually, the price breaks above the upper trendline, signaling a continuation of the prevailing uptrend . What is the Falling Wedge Pattern? The Falling Wedge Pattern is characterized by two converging trendlines, where the upper trendline slopes downward more steeply than the lower trendline. This pattern shows a decreasing range between highs and lows, and when the price breaks above the upper trendline, it indicates a continuation of the uptrend . Key Characteristics of the Falling Wedge Pattern Uptrend Prior to the Pattern: The Falling Wedge pattern forms during a strong uptrend , signaling that the market is taking a brief pause before resuming the previous momentum. Converging Trendlines: The pattern consists of two downward-sloping trendlines that converge, with the upper trendline steeper than the lower one. This shows that the selling pressure is weakening. Breakout Confirmation: A bullish breakout occurs when the price breaks above the upper trendline, signaling the continuation of the uptrend . Volume Increase on Breakout: The breakout is confirmed when there is an increase in volume, indicating strong momentum behind the move. How to Trade the Falling Wedge Pattern? Entry Point: The ideal entry point is when the price breaks above the upper trendline, confirming the bullish breakout . Stop Loss: Place your stop loss just below the lower trendline or the most recent swing low to protect your trade from sudden market reversals. Profit Target: Measure the height of the wedge and project that distance upward from the breakout point to determine the price target . Risk Management Considerations Position Sizing: Adjust your position size based on your risk tolerance and the distance between the entry point and the stop loss. Stop Loss Placement: Make sure to place your stop loss in a way that minimizes risk but still gives enough room for the trade to move in your favor. Wait for Confirmation: Always wait for the breakout confirmation, and make sure that the price action is supported by an increase in volume. What This Means for Traders The Falling Wedge pattern is an excellent tool for traders who are looking for reliable continuation trades in strong uptrends. It can help identify breakout points and offer favorable risk-to-reward setups when combined with other technical indicators. Look for the Falling Wedge pattern during uptrends to identify high-probability continuation trades. Confirm with volume to ensure the breakout is backed by strong momentum. Use stop loss placement to manage risk effectively while targeting favorable risk-to-reward ratios. Conclusion The Falling Wedge pattern is a reliable continuation pattern that can help traders identify breakout opportunities in trending markets. By mastering its formation, waiting for the breakout confirmation, and managing risk effectively, you can increase the chances of a successful trade in the uptrend . Have you traded the Falling Wedge pattern before? Share your experiences and thoughts in the comments below! Let’s continue learning and growing as traders!
NSE:ACCEducation
by TraderRahulPal
Nifty 50 Ready for 24200?📊 Nifty 50 Daily Analysis 🔸 Current Resistance: Nifty is facing resistance at the 50 DMA and the top of the wedge pattern. 🔸 Market Structure: The structure remains Lower Highs (LH) and Lower Lows (LL), keeping the bearish trend intact. 🔸 Key Support Levels: Pivot 1: 23,534 (must hold for bullish momentum). Recent Swing Low: 22,783 (breaking this could push Nifty down to 21,800). 🔸 Upside Potential: If Nifty consolidates tightly above Pivot 1 with small candles, a breakout could happen with target 24,200. However, expect challenges with multiple resistances ahead. ⚠️ Challenges to the Uptrend: Average corporate earnings may limit optimism. Global factors like yields and economic data could act as headwinds. Nifty is below 50 and 200 DMAs, signaling weak sentiment. 📅 Key Upcoming Events: RBI Policy Meeting: Interest rate decisions 🏦 US Non-Farm Payroll Data: Impacting global flows 📈 Quarterly Earnings: Heavyweights’ performance 🏢 Budget Announcements: Fiscal policy insights 🗂️ Global Factors: Fed updates and crude oil trends 🌎 MSCI Index Rebalancing Summary: ✔️ Bullish View: A breakout above Pivot 1 may lead to 24,200. ❌ Bearish View: Breaking 22,783 increases the chances of a drop to 21,800. 👉 Nifty's upward journey won’t be smooth, so trade cautiously.
NSE:NIFTY
by sagartharayil
Nifty 50 | Falling Wedge Pattern – A Bullish Breakout Ahead?Hello everyone! I hope you all are doing great in life and in your trading journey. Today, I have brought an in-depth analysis of Nifty 50 , focusing on a powerful Falling Wedge Pattern that is currently forming on the charts. This pattern is known for signaling a bullish reversal , provided we get a confirmed breakout . If this pattern plays out as expected, we could witness a strong upward move in the coming sessions. Currently, Nifty is trading near a strong support zone around 22,777 – 22,900 , where buyers have previously shown interest. The price is moving within a converging downward-sloping range , indicating that selling pressure is weakening . Key resistance levels to watch post-breakout include 23,700, 24,207, 24,781, 25,191, and 26,277 , with a stop-loss placed below 22,777 to manage risk effectively . However, this analysis holds true only if Nifty breaks out of the Falling Wedge Pattern; until then, caution is advised. If the breakout is confirmed with good volume, we might see a strong rally ahead, potentially targeting the marked resistance levels. As always, patience and discipline are key—wait for confirmation before making any trading decisions. Disclaimer:- This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
NSE:NIFTYLong
by TraderRahulPal
30
SAPANDANA SPHOORTY READY FOR ALL TIME HIGH ?NSE:SPANDANA (Spandana Sphoorty Fin Ltd.) This can be considered as my New Year Pick !! Yesterday, Longs were given around 375 Mentioning that Any dip till 300 to be bought ! For Targets🎯400 / 425 / 444 / 462 / 488 / 505 / 520++ POSITIONAL TARGET🎯 555 / 578 / 606++ Keeping WCBSL as 284 Chart which was made yesterday ie. 07/01/2025 Today, It made a high of 480++ 375------>480++ T4 Done🎯🎯 More Than 25% Returns in single session !!💕😍 Updated Chart as of now ie. 08/01/2025 This move was captured..... ============================================================= Technical Setup: 1) More than 60% down from recent highs of 1200 levels 2) Falling wedge pattern on chart 3) Breakout of Falling Wedge can be seen... 4) Available at cheap valuations 5) Indication of Bottoming Out with High Volumes !!! ============================================================= Regards, Harm⭕nics4Life 08/01/2025 ============================================================= 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:SPANDANALong
by Harmonics4Life
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