1 Year Long Falling Wedge can be found on BEML Daily Chart.
If the chart is zoomed out, One can see the stock is sitting on Horizontal Support Currently.
RSI Bullish Divergence is visible and can expect bounce from this area.
Resistence: 640
Stop loss below horizontal support.
A falling wedge pattern since jan 2017, however for the reveral a breakout has to be there, expecting a breakout in Oct, 2018 (between 8 &15) weekly basis.
Entry only after the breakout.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Bullish pattern with 3 falling wedges followed by symmetrical triangle which gave a breakout. The target is 520 levels. Once 520 is achieved a rounded bottom pattern would be formed. Post that we have to wait for the charts to break the neck, for further upside.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post ...
Falling wedge pattern spotted , generally it can be spotted after a rally. It is a bottom reversal pattern, to reverse there has to be a breakout from the pattern.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Its inside falling wedge,
But bouncing from support,
Buy above 69.1 with intraday/short term targets 70.25, 71.25,
If the resistance is broken will keep higher targets
Hi there,
As you can see with the help of falling wedge pattern,
we Have Use 1 Week Time frame , where we can see a Perfect falling wedge pattern,
if BTC follow this Pattern we can see some Bullish move in Upcomming 2 to 3 Months
But if BTC Break this Pattern in Downword Direction then we can see Major Dump in BTC.
Note: This is only for Educational ...
The entire Metal index has been hammered for a long time now, especially VedantaNSE:VEDL which is amongst the worst hit stocks.
I can see some green shoots emerging today with the stock giving a falling wedge breakout and rising RSI.
Good opportunity to go long here with a small stop loss for a first target of 222.
Disclaimer: Views expressed here are my own, ...
In weekly/daily, price just bounced from ascending channel support.
Also price broke out of falling wedge with good volume, also price closed above upper BB.
https://www.tradingview.com/x/DVNch0Np/
sl - 450, tgt1 - 545, tgt2 - 580
The pair has formed a falling wedge pattern and has given a valid breakout above the wedge.
It can witness a throwback and the price can retest the wedge line once again.
Based on the current momentum and with the application of Murrey math line,we expect the pair to move towards the resistance zone of 1.35538
Key Points.
1. The New Zealand Dollar is still struggling to find a direction.
2. on 30 March NZDUSD break Trend and now it is struggling.
3. On daily chart it is Falling wedge Pattern According to that if it goes up today and Complete Bat Pattern still it Gonna Come Down so double possibility of Bearish Reversal Bat pattern. ;)
NSE:SREINFRA It is trading in a falling wedge pattern and about to breakout upwards.
A valid Inverse Head & shoulders pattern has been formed and also the last two candles form Bullish Engulfing pattern.
Confluence of all these factors suggest for long positions .
Longs may be taken at current levels with tight stoploss below 100 or once it breaks the trendline ...
Here is a short term trade for LTC. Currently LTC is getting traded at low volumes. Probably because of all the news in the media.
It broke out of the pennant (falling wedge) and currently hovering close to fib level 0.786. If it manages to surpass this resistance then it'd find resistance at fib level 1. Now that is close to 20 points high.
Looking at RSI, ...
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