Falling Wedge Pattern - Expected to give a breakout soonWatch out the chart for multiple bullish confirmations
Falling Wedge
ITC breakout ITC breakout, is the only FMCG stock that looks very attractive, fundamental and technical are good the stock just breakout from the falling wedge pattern if its cuts day high. We can expect the target of 225, It's a very good stock we can expect 2000++ the coming decade those who are long term investors buy on dips stock and stock also provide good dividend yield so any long term investor buy this stock and hold it
(Buy on dips is the strategy for this stock)
ITC - Falling wedge on supportPrice forming falling wedge pattern and trading on the support to breakout.
M_MFIN Falling wedge at support Price forming falling wedge pattern and it is exactly on the support. Good sign for upside breakout, wait for the break
NIFTY 50 :: Falling Wedge Nifty Index may give breakout of Falling wedge and may continue the upward move::
one can go long once breakout sustained and watch out Fibonacci level .5/.6 level for further upside.
Do follow my page and inbox me for advance intraday levels of Nifty and Bank Nifty.
Disclaimer: I may or may not trade this setup, do your own analysis before initiating any trade.
LT looking bullish (Falling wedge)Breakout and retest we can took long after the confirmation with the target of 1500++
ICICI Bank good for short+long termPossibility 1
:-Gap fill and continue up trend
Possibility 2
:-Gap fill+ retest of falling wedge supply zone
but but!!!!
times are hard, covid 19 cases are continuosly rising at an alarming rate and this same type of market structure nifty formed last year before crashing down to
near 7500 levels
last trading day foreign investors sold a whopping 3500 crores in just a single day
this type of large selling has been done only few times in the last 1 year and we have seen what this means
this clearly means investors are now on a reality check and especially FIIs ( Foreign institution Investors ) are pooling out their money little by little
so make sure if you investing then dont go all at once.
start an SIP, this is the ideal moment where you can start SIP and go for blue chips which you know
diversify your portfolio, and i would suggest play defensive this time and choose defensive stocks at this point of time
anyways, all these are just views. No one can predict the market and we have seen that in the last few days
covid cases rising and markets rising continuously without a head and tail
if situation persists, sooner or later everyone is going to react and it seriously takes only 1 day to take down your whole portfolio down by 10%
so invest wisely, and make sure you make the least mistakes possible
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NIFTY 50 is in BULLISH SIDENIFTY 50 is forming a FALLING WEDGE PATTERN. on the Bullish side...
Immediate Support: 14803
Supply Zone: 14850-14967
Resistance: 15320
Target: 600 Points ( ALL-TIME HIGH ^)
Petronet - Falling wedge Price after a huge fall made a falling wedge pattern and it has all probability to break up and move further up
SHILPA MEDICARE - Breakout - Retest Inverted Head and Shoulder Pattern formed long with a Breakout from a Falling wedge.
Simple price action analysis.
BANKNIFTY SHORT SETUP ON 15 MINS CHARTBNF is trading a wedge range pattern and we can observe the range of the pattern squeezing at the end indicating contraction. There’s also falling wedge formation price action action pattern which indicates a possible reversal about to happen. Also we have a resistance level on hourly chart that could help the breakdown of falling wedge pattern. Trade at your own risk. Enter short after the breakdown of pattern. Trade safe
EICHER MOTORS IN 15 MINS CHART1) FALLING WEDGE PATTERN ( Reversal pattern )
2)MACD DIVERGENCE
3) INCREASE IN VOLUME
Eicher motor broke falling wedge pattern and we can expect upside move. Fibonacci 50,61.8 should be our two targets on upside. Trade at your own risk. Trade safe.
Larsen & Toubro 15 mins chart analysis.LT is forming a falling wedge pattern which is a Trend continuation pattern. As LT is sustaining below 200 EMA it indicates that stock is in downtrend and falling wedge formation gives strong setup for shorting stock in intraday basis. Look for the open of market if the range or wedge is broken down go for short trade.
This is just my view. Trade at your own risk. Trade safe.
Banknifty long setup on 15 mins chartBNF is under pressure due to lockdown and increase in COVID news. After a huge gap up, most of traders were long on trade under intention of recovery but BNF has hit all the stoploss. Before ending mondays session we can see some increase in size of green candles indicating that either there has been a profit booking session and we can see some later effect tomorrow. Using Fibonacci we can observe that BNF after a sharp fall is sustaining near 0.38% level. We expect that BNF can test 50% & 61.8% level in order to continue a healthy retracement. The gap diff between levels is still under a price of 250-350 points. Our first target will be 31100 at 59% level and 31250 near 61.8% level. Trade safe.
Cadilahc - Perfect falling wedgeWas a perfect falling wedge pattern and the pattern itself is the sign of the price going up. It was done in a style last trading day, but every time one cannot expect this kind of super moves.
Enjoy the profits when things fall in you way. Happy trading
Maruti - Breakout on cards - Tgt 8500 !!Price forming falling wedge pattern at the resistance and much needed pressure was already in, a spark of buying pressure will make the price to fly high to reach 8500 this time.
USDCAD - Expecting a breakExplained the previous patterns and breakouts with arrow marks. One can expect a break from the downtrend and move up from this point. Resistance marked !!
#SBIN - CMP 370.65. TECHNICALLY IT IS A BREAKOUT STOCK.
#SBIN - CMP 370.65. TECHNICALLY IT IS A BREAKOUT STOCK.
MADE GAP FILLING AND FALLING WEDGE BREAKOUT RETRACE OF RECENT SWING 50% CORRECTION.
GOOD SUPPORT NEAR 360-358. PRICE CAN GO FORWARD TILL 385-395-410-425 AND WEAK BELOW 354 CLOSING.
IT IS ALWAYS BETTER TO BUY NEAR 367-369 POTENTIAL RETURN IN NEAR TERM. 👇🏻
FEDERAL BANK ON 15 MIN CHARTFederal bank has been trading below 200 Ma. According to the price action we can see a falling wedge pattern which is a uptrend continuation pattern. Plan your trade accordingly. Look for long setup only after breakout of Wedge pattern.
