Falling Wedge
Bullish wedge for EURUSD, may 17-21It looks like EURUSD looks very bullish this week with a Bullish rising wedge pattern , expected to go 1.22750 area this week
HDFCAMC Undecisiom momentReason :
1.Global crisis
2. Nifty looking weak
3.Possible for a pattern failure
4.fakeout
5.Avoid taking long for this month(index looking weak )
6.Maybe breakout possible stick with your stop loss(if the breakout happens to wait for a retest is a smart decision)
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
#M&M Falling wedgeIt has formed a falling wedge which is re-testing the trend line exactly at 61.8 FIB level. A breakout will result in an uptrend for the next few weeks.
We have given you all the possible outcomes in case of a breakout.
Educational purpose only - kindly do your own research.
Good Luck.
Cholafin - Falling wedge patternPrice formed falling wedge pattern and it is expected to break on Monday.
BPCL | Expecting falling wedge breakout in smaller time frameBPCL | Expecting falling wedge breakout in smaller time frame
CMP : 419 (Dip 405)
SL : 390
Target : 470
Good risk reward setup
Bluestar - Falling wedge - Trade easy Price forming a falling wedge pattern and it is going to break up very soon.
Larsen And Toubro In the chart of LT, we see a downtrend breakout its looks like a falling wedge reversal pattern . I think we see a 15%-20%of upside in the near term.
Abbot India Falling wedgeAbbott India one of the Portfolio stock was underperformer last many weeks, it has formed falling wedge Pattern on daily chart. Breakout will be good trading opportunity if closes above top trendline and sustains.
(Disclaimer : Study purpose, do your own analysis!)
Falling Wedge Pattern - Expected to give a breakout soonWatch out the chart for multiple bullish confirmations
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
