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Falling Wedge

Bandhan Bank Trading in a Falling Wedge Pattern.Bandhan Bank Trading in a Falling Wedge Pattern. Since the inception of this scrip, it has traded/followed the falling wedge pattern. There isn't any incentive to go long until there is a decisive breakout out of this falling wedge pattern. Decisive breakout means breakout out of the channel on upper side (for long), and then another candle confirming breakout on a weekly time frame. Also, you can see it has taken support and rejection from the dotted trendline drawn inside the wedge. If the breakout happens this week followed by a confirmation candle next week, go long. Immediate targets (remember its a weekly time frame) should be 365, 430, and 537. I do see it breaking out very soon as lot of other indicators are in favor of breakout. But we never trade perceptions or predictions or for that matter opinion, we trade when price action tells us to. Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision. If you like the idea, give me a thumbs up and share it with others. You can choose to follow me too. Comments and Criticism are welcome.
NSE:BANDHANBNK
by UnknownUnicorn24887800
3
DONT MISS THIS TRADE IN CDSL!Chart pattern: FALLING WEDGE The current market price(CMP) is below 50SMA which is Bearish. Make sure you enter above 50SMA for an uptrend move. The sellers volume is decreasing soon Bulls we can expect bulls to come Can expect maximum 35%return with a risk of 10% CDSL is Fundamentally strong company Dividened date is on 5th September. 9rs per share PIOTROSKI SCORE :8 Stock P/E 56.0 ROCE 32.4 % Source screener.in Disclaimer this is only for educational purpose. Feel free to ask your doubts
NSE:CDSLLong
by TheFinanceDuke
9
Falling Wedge Pattern on Asian PaintsAfter the Earnings Shoot-up, Asian paints has retracted a bit to its 0.5Fib levels forming a Double Bottom and a Falling wedge. Asian Paints has an ideal condition where it never believes in having a proper breakout(*sarcasm*), so in the upcoming week if the bull run starts , a gap can be seen on Asian Paints at the starting of the day which can ideally be verified as a breakout but it will try to retest it 3097 which can be a good entry point as well. Markets are a bit volatile these days for enter only if you see a proper breakout or a retest. 3127 and 3165 are good target levels. Keep Stop loss in place as well.
NSE:ASIANPAINTLong
by Sahil_Narkar
breakout done, bitcoin looks good to strong bullish impulse moveTechnical analysis: Welcome to this quick update everyone, In Daily timeframe Chart, Falling WEDGE upside Breakout Already Done ✅ Finally, RSI Indicator Broke the 7 Months Downtrend ✅ bitcoin sentiment is turned into buying on dips mood, Bitcoin could break to the 50 DMA. This level may attract selling from the bears but if bulls can overcome the resistance and push the price above it, the relief rally could rise to $36,670 and then 41194 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
by Bitking786
Hindalco Has Broken Out of Falling Wedge Pattern BullishHindalco has been falling from its ATH of 427.50 from 10th May onwards and has made a Falling Wedge Pattern. It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal. So it would be prudent to go long only after a retest of the trendline and a Bullish confirmation candle for the following targets. T1-405.50 T2-427.50
NSE:HINDALCOLong
by eastwind65
3
Bitcoin is Still Moving inside the Falling Wedge2, what next?Technical analysis: Welcome to this quick update everyone, In Daily timeframe Chart, Bitcoin is Still Moving inside the Falling Wedge2 but Falling Wedge1 breakout and retested done & Above the Major Daily/Horizontal Support (31k to 29k). Need to break both the DMA {Daily Moving Average (21&50ma)} to be bullish and get momentum from here.. RSI (Relative Strength indicator) has Also been Moving Below the Trendline from last 6 Months. Need to break this downtrend to get momentum and RSI also make bullish diversion which is positive sign for BTC If Bitcoin Remains Above the Daily/Horizontal Support, Bitcoin gonna Bounce Back Anytime In Worst Case, If Daily Candle Closed Below the Daily/Horizontal Support Area, Next Stop would be 20k 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
by Bitking786