Get started

Falling Wedge

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.
NSE:BANKNIFTYLong
by Trademint08
3
IOLCP SHORT TERM ANALYSISGuys entry possible but high risky. no entry @cmp no entry @cmp no entry @cmp enter only if u get clear reversal. other wise can see a good fall in the stock. like i said it's just a beginning of something..maybe a good fall..or a sharp recovery short term enter if possible @ 580-550 range strict sl 500 trgt 800-900-1000-1200 ++ once again guys strick sl @500 if the stock reject from current level or betweeen 580-90 range it will hit 800++ sooon
NSE:IOLCPLong
by ANKITHSHAJU
3
Drreddy | Bullish Parallel Channel & Falling Wedge 🎯-----------------------🙏🙏NAMASKAR 🙏🙏----------------------------- ===================================================== ⭕ Day Trading opportunity ! min Chart Alert !!! ⭕ --Buy above =5126 or CMP --Target = 5594 --Stop-loss = 4926 --Lot Size = 125 --R:R = 2.35 --Expected Profit = 58,000 ₹ per lot ( 9.14% ) --Expected Holding = 10-20 day only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) stock is moving on Bullish parallel channel 2) falling wedge pattern breakout 3) resistance breakout with volume & candlestick pattern 4) multi time frame analysis is bullish Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:DRREDDYLong
by ReviveTraders
1
M&MFIN | Hopefully it will breakout this time - 35%M&MFIN | Hopefully it will breakout this time. Well respected the channel / wedge for the last 39 months, 168 weeks. CMP : 185 (Dip till 175) SL : 165 Target : 245 Safe player can enter after the breakout above the channel at 200+ Observation : Channel only broken and excess fall happened during corona crash , that has been recovered and well settled into the nest again. Now the nest is maturing hence time to fly. The conviction for me is it has some support / area of value at this price (Green support)
NSE:M&MFINLong
by srikartiram
5