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Falling Wedge

GBPJPY, Weekly analysis, July 20-24Dear traders, Have a great trading week ahead, Pound against Japanese yen, have been trading sideways in day chart and in 4 hr chart its trading in falling wedge pattern, previous resistance zone between 133.750 to 134.150 area now act as a support zone , this week price expects to favour bullish moves upto 136 from technical perspective..when fundamentals supports the price action Note- Predictions based on price action ..and for educational purposes..
Long
by Akfx369
NTPC educational viewNTPC has been steadily falling with average volume falling, meaning that the market makers/smart money are not interested in selling and are waiting for a buying opportunity. Price is near support/accumulation zone and this is where market makers will absorb all the sell order by buying. Falling wedge needs to be broken out for NTPC to move higher. Target is 100, and after that it may find resistance, due to a psychological level of 100 and a strong resistance/distribution zone. This is an educational post Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:NTPCLong
by inteliigentrader
5
Awaiting Falling Wedge Breakout - Risk/Reward 1:6Cadila Healthcare is in the uptrend in all time frames. Primary (Monthly), Weekly (Intermediate), and Daily (Short Term). Trading Plans - An analysis without a proper trading plan is very much useless. It's trading that makes money, not fancy analysis. Plan - A On a daily chart, the price is trading in a rising channel, recent consolidation formed a falling wedge chart pattern. Expecting price to breakout and continue its prior trend. Entry - Above 338 Stop - 320 Target - 449 Risk-Reward 1:6 Plan - B Take a long entry when price pullback to the prior resistance zone, which is a 290-300 price zone. I will update the trade accordingly if and when happens. On a weekly chart, the price already broke a prolonged falling channel. On a monthly chart, the Price went up in an impulsive wave after forming a double bottom and currently consolidating at 0.38% Retracement. I will be updating this idea frequently as per the price behavior. If you have any alternative analysis in Cadila Healthcare, do share in the comments. Thank you, EEz
CLong
by Equity-Earningz
Axisbank - Falling Wedge BreakoutHere's a falling wedge in the middle of an uptrend. Volume picks up on the breakout. Price also taking support at the previous top. A classic case of Resistance becomes Support. Long at 423 Stop at 400 Target 550. Risk Reward 1:5 Using Covered Call. Short Axis Bank 460 CE April @ 6. Incase we hit Stop-loss in spot, Option will help in bringing down the cost of Stop-loss. Remember we are in a counter-trend or rallies. So it's better to be cautious and should trail stop-loss once the position is in favor.
NSE:AXISBANKLong
by Equity-Earningz
2