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Falling Wedge

Falling Wedge Pattern in Nifty and Breaking of 18000 supportNifty is forming a falling wedge pattern, there is a high likelihood Nifty may trade within this channel. During this channel, it may take support and resistance of 17800 and 1800 in between. In hourly chart, Nifty is trading below 50 EMA and 100 EMA which further confirms bearish pattern. How to trade this setup ? 1. Sell call option and choose strike basis your risk profile, risk averse trader should choose higher strike price. 2. Buy put option when there is bounce with weak candles near resistance You should not do - 1. Buy call option unless Nifty decisively break the 18200 levels 2. Sell put option must be avoided. Macros in favours of Bearish Pattern. 1. Interest Rate Hike by US, India (FOMC Minute) 2. Risk of COVID infection, hospitalization 3. DXY is rising creating pressure on USDINR rate 4. Policy related change in budget 2023, tax implications Happy Thursday :) Regards. TradeManthan Team Disclaimer We are not SEBI registered investment adviser, trade at your own risk. The above information is for learning and knowledge only.
NSE:NIFTYShort
by trademanthan
How to get 12% using Swing trading in HONAUT - Common sense👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Common sense used : 📌 Weekly time frame: Make 2 fib from 2 different from one will give you 30% retracement of price and one will give 50% - a sign of extreme bullishness 📌 The supply zone is broken and now converted into a demand zone on those bullish levels as described in the video 📌 Beautiful wedge pattern breakout did and kind of retested too made a bullish closing last Friday too 📌 on 30min TF a good breakout of the consolidation can be trade activation for 10 to 12% from those levels 📌 SL of 3% will be good enough as the buying pressure is making wicks from the downward side 📌 Trade as per your setup now and risk should be well defined and cared too, Good luck :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:HONAUTLong
by Averoy_Apoorv_Analysis
2
Falling wedge pattern tata motor When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. What is a falling wedge pattern? The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend NSE:TATAMOTORS
NSE:TATAMOTORSLong
by sudarshandeshmukh9