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Falling Wedge

Bitcoin Bulls looking Strong but still trying to clear both DMA.#BTC (Update) Technical analysis: Hello everyone, welcome to this quick update:- In daily timeframe, Falling Wedge Breakout Done but Bitcoin Is Not Out Of The Woods Yet. Volume is too Low right Now & RSI Indicator is Still Moving below the Trendline, need to breakout to take momentum. 📉 📍Keep in Mind that today is the Monthly & Quarterly Candles Closing as well, Big Move Expected..!! ❤️ 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 #fallingwedgebreakout #monthlyclose #quarterlyclose
B
by Bitking786
3
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
How to Do Swing trading in BPCL ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :) ✺✺ Target: 1000 Followers ✺✺ Chart Type: Falling wedge type consolidation going on in 1hr TF, A possible good trade can be initiated here with a risk of 3% and Reward TGT of 4% - 6&, Possible activation only on 1hr Breakout from this consolidation and close too = good to go long, SL would be according to your own risk and manage according to yourself ✺--------------------------- 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 peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼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:BPCLLong
by Averoy_Apoorv_Analysis
FIEM Industries good to go Long ?FIEM Industries Seems good to go long after Considering below Factors 1. Cup handle pattern Breakout(Bullish) 2. Falling Wedge Pattern breakout(Bullish) 3. Breakout with good volumes 4. Resistance Range Breakout ->> Always Enter With good confirmation & Maintain proper Risk Reward. ******* Knowledge Purpose only ******** ->> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
NSE:FIEMINDLong
by Ravitejasreevatsav
#6 Live Trade Bandhan Bank 1L invested - Swing trade ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ ✺--------------------LOGIC of the trade----------------------------- ✺ ✣A falling wedge type pattern = bullish consolidation ✣That too on D chart = great returns in short term = swing trading ✣yellow lines BO = contraction pattern got broken and a good move out of it ✣Double pattern BO ✺----------------------- Plan of the trade---------------------------- ✺ ✣Long at current levels with a risk of 6 to 7% ✣Targets can be 7% to 25% from here ✺--------------------------- 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 peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼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:BANDHANBNKLong
by Averoy_Apoorv_Analysis
5
AMARAJABAT - Good long only in the unmessy areaI JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :) 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {Some info} ➼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 :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
ALong
by Averoy_Apoorv_Analysis
3
APOLLO TYRES 🎡🎡APOLLO TYRES Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:APOLLOTYRELong
by thestockengineer
NBCC FALLING-WEDGE-BREAKOUT PRICE ACTION VOLUME PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place. VALUE REGION-: The violet region highlighted in volume profile is called value region. This is where 70% of total volume of the volume profile lies. It means this region has value so, many transactions took place. Firstly-: NBCC fell steadily and nicely for a prolonged time in a wedge like formation (triangular). Recently Falling Wedge Breakout has happened. Moreover price has been rising in a small up-sloping channel making higher highs and higher lows. In wedge pattern the trend lines have been tested at least 3 times. So the breakout is strong IMPORTANT OBSERVATIONS-: 1. Recent Volume is extremely high as compared to volume when stock fell and since the price is rising making higher lows so definitely its an accumulation and soon there will be breakout and uptrend. 2. The upcoming region 50-70 has relatively high volume. This means the stock may stay there for a while or within that level it might face multiple resistances. Moreover 50-70 was previously an accumulation region. 3. But above 70 level volume of stock falling is very very low which means there is weak resistance. So once the stock breaks out of 70 level it might smoothly move upwards. TARGET WITH LOGIC 1. Since the all the time high level, 146 NSE:NBCC stock has been falling with very low volume . While now the volume of accumulation is too high, so there is a high chance it can easily reach the all-time high. Moreover it might even go more than that, but it depends what happens after the breakout. ENTRY-: 1. A risky entry would be above 50 level since 50-70 is in value region, so stock might face multiple resistance , or it might stay there in sideways and you want have capital appreciation 2. A better entry would be confirmatory breakout above 70 level since its a very strong resistance level and its less risky. I will update here when breakout happens STOP-LOSS If your entry is above 50, 25-30 is a good stop-loss region. If it is above 70, 50 would be conservative stop-loss. Stop-loss is deep but if your expected return or target is high, you have to put conservative stop-loss to avoid being stopped out unnecessarily. Since its a intermediate-term swing trade, a conservative stop-loss makes sense. **STOP-LOSS should be trailed as per your strategy. One of the best is to trail with Moving Average in 1D timeframe with ATR( Average True Range ) as a buffer. EXIT Sometimes we have to exit before target is reached if there is bearishness. Following can be the clues of bearishness-: 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit 4. If you want , you can keep a target level lower than the all time high and exit at Target. Possible levels are 100 and 120. **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:NBCCLong
by VPA_TRADER
1
SAIL IS GOING TO BE A RAIL AGAINSAIL is creating a base again to be a bulllish RAIL ----------------------------------------> As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge), also the momentum increased creating a bullish divergence. So we can expect a good spike in upcoming days.(Can be a swing/positional trade after few days) FOR INTRADAY TRADERS( only for 31-05-2021) 1- It was totally bearish last day and CREATED A DOJI(could be a sign of reversal) as last candle (on hourly frame). 2- Also , since it came again to support, so it can jump again as momentum is increasing. LASTLY ITS UP TO YOU WHETHER TO TAKE A TRADE OR NOT, BUT FOR A SAFER SIDE, CAN EXPECT A PROFIT OF 4-4.5 Rs per share....... Happy Trading ..... :)
NSE:SAILLong
by aufficial
4
HDFC, Swing/PositionalHDFC has given a breakout from falling wedge and has been taking support from 50 EMA . Even after the falling wedge breakout, 2605 seems to be a rejection region where one or two gap up openings could not sustain. A closing above 2605 with good volume can be traded for a swing or positional trade for first target of 2768 and second target of 2888. Some good indicators of HDFC possibly achieving target is support of 50 EMA , RSI above 50 suggesting a buy signal and if you look closely you can see a rounding bottom pattern forming which i haven't highlighted in my idea, but it can be seen. If you enter after a breakout from the 2605 region. Stop loss can be set just below 50 EMA for swing. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
HLong
by dakshjain76