Possibility 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...
NIFTY 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 ^)
Price after a huge fall made a falling wedge pattern and it has all probability to break up and move further up
Inverted Head and Shoulder Pattern formed long with a Breakout from a Falling wedge. Simple price action analysis.
BNF 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...
1) 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.
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...
BNF 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...
Was 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
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.
Explained 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. 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 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.
Buy OFSS Study: Falling Wedge Pattern Formation is going on ... wait for the Breakout
If price sustain above R line of wedge .... there are 3 targets mentioned in hourly chart
Titan was holding support earlier at previous low and was looking like double bottom but failed , now a falling wedge at 2 hr timeframe also there. a trendline support below gives opportunity to take risk for great reward. Targets on chart... 2 Hour Chart