Takuri Candlestick at the lower line of Falling Wedge suggest a reversal and today's Green bar is confirming it. The Trade is available at small risk so one can trade like this
Entry 880
SL 868
Target 9455
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Jindal Steel is at an important support zone with a falling wedge pattern formation at the bottom. This may be an indication of a potential reversal when the wedge is broken to the upside
In this chart you all can clearly see BTC breakout the falling wedge with great volume now we used fib for assuming target so the golden part come nearly $13500, the bottom part where BTC done there bottom is a supportive fake out , which give power to BTC now both resistace of falling wedge is broken & we come above with that if we see the MACD it also bullish...
As explained in the chart market is expected is to continue downtrend till monthly support...
Let's see and watch....
Targets are mentioned in the chart..
CENTURYPLY (Daily)
Expect a Falling Wedge break out above 170.
T1: 188; T2: 195; T3: 201.
SL Below 160 - as 160 to 162 is a very good support zone!
RSI trying to bounce from over sold zone!
The falling wedge pattern which held the EUR/USD in the downtrend has been broken.
Also, the preceding bearish move was characterized with minimal corrective rallies.
Hence, this breakout will render a trend reversal, if at all a corrective rally, and move to the resistance at 1.3236.
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
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