CENTURY DAILY Falling WedgeBreaks the Falling Wedge Short, Sell for the targets of 222 and 155 keeping stop loss above the wedge
Falling Wedge
PVR Falling wedge - 4 hrsHi all,
Now PVR perfectly completed its falling wedge pattern...
Also falling wedge completed Fib level of 3.618 level in swing low to swing...
Expecting uptrend once It will done from the pattern...
Take the trade once break out done...
Target is 1415...
Validity period is 2 weeks to 8 weeks...
Let’s see how it moves....
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
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.
Falling Wedge/Takuri Line Reversal !Takuri Candlestick at the lower line of Falling Wedge suggest a reversal and today's Green bar is confirming it. The Trade is available at small risk so one can trade like this
Entry 880
SL 868
Target 9455
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.