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Falling Wedge

Mishtann Foods - Falling Wedge Breakout - Ascending ChannelMishtann Foods has recently broken out of a Falling Wedge pattern on Daily Timeframe, as shown in the Chart. The stock has also been moving in an Ascending Channel on Weekly timeframe and has recently taken support at the bottom of the channel and bounced from there. Support at the bottom of the Channel has been tested 3 times, as shown in the image. Looking good to me. What are your thoughts? Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
BSE:MISHTANNLong
by gurinder1988
1
HAPPSTMNDS - Falling Wedge Pattern Formation🔊 HAPPSTMNDS - Falling Wedge Pattern Formation HAPPSTMNDS - HAPPIEST MINDS TECHNO LTD ⌛Duration - Long Term (1 year to 2 years) 📊📈 Trade Logic - Falling Wedge Pattern Formation CMP - ₹ 813 Time Frame - Weekly 🎯Target 1 : ₹940 🎯Target 2 : ₹1050 🎯Target 3 : ₹1160 🎯Target 4 : ₹1260 🛑 Stop : ₹735 🏆 Risk/Reward Ratio (1: 7) * Stock hit ATH of ₹1580 on 12th July 2021 * After sharp fall from july 2021 to June 2022, stock goes into consolidation mode without any significant price change. * Stock recently bounced back from support line and this time there is high chance to break the resistance and start upward journey * Trade reason - IT sector in momentum,this stock is already beaten down and is at good support level. * FII and DII have increased their stake in June qtr vs March qtr. Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:HAPPSTMNDSLong
by Profit_Trader25
KOLTEPATIL AT DAILY DEMAND ZONEKOLTEPATIL (KOLTE-PATIL DEVELOPMENT) About the company The company has been creating landmarks for over 3 decades and has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of ~20 million square feet across Pune, Mumbai and Bengaluru. Kolte-Patil is a trusted name with an established reputation for high quality standards, design uniqueness and transparency. Stock is at Daily Demand Zone Look At the chart👇👇 Trade Setup- LTP 429 any dip upto 400 can be bought For targets🎯 457 / 483 / 505 / 521++ Above 525 it would be a breakout..... Breakout Targets🎯 555 / 581 / 600 / 625+++ WEEKLY SUPPORT 380---370 Tecnical Analysis... 1) Formation in progress of..Falling Wedge pattern on Daily Charts... 2) Volume addition 3) At good and strong numbers 4) Daily and Weekly Support Regards... Harm⭕️nics4Life 17/07/2024 Disclaimer & Risk Warning I am not sebi registered analyst. My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
NSE:KOLTEPATILLong
by Harmonics4Life
IRFC - Falling Wedge,This chart displays the daily price action of Indian Railway Finance Corporation Limited (IRFC) on the NSE (National Stock Exchange of India). Here’s an analysis based on the chart provided: ### Key Observations: 1. **Descending Wedge Pattern**: - The price action has formed a falling wedge, a bullish reversal pattern. The price has broken out of the wedge, indicating a potential upward move. 2. **Support and Resistance**: - The previous resistance level around ₹193.10, which also acted as support in past, is key. The breakout from the wedge aligns with this level, suggesting a retest of this area. 3. **Volume Analysis**: - There’s been a spike in volume during the breakout, indicating strong buying interest. This adds credibility to the bullish breakout. 4. **Relative Strength Index (RSI)**: - The RSI is near the neutral zone around 49.53, which suggests there’s room for upward momentum before entering overbought territory. The recent uptick in RSI supports the bullish outlook. ### Possible Scenarios: - **Bullish Case**: If the price sustains above the ₹193.10 level, a continuation of the upward trend could lead to further gains, potentially towards previous highs around ₹230. - **Bearish Case**: If the price fails to hold above the wedge breakout level and drops back into the pattern, a retest of lower support levels around ₹165-170 is possible. ### Conclusion: The chart suggests a bullish breakout with potential for further upside, but watching the ₹193.10 resistance level is crucial for confirmation. The RSI and volume are supportive of a bullish scenario, but risk management is important in case of a false breakout.
NSE:IRFC
by brijmohan_h
MOL - TURNAROUND POTENTIAL WITH A FALLING WEDGE BREAKOUTHi All, The idea is about Meghmani Organics ABOUT THE COMPANY Founded in 1986 as M/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. The company manufactures Pigments and Agrochemicals through its 6 manufacturing facilities located in Gujarat. The company is amongst the top 3 Phthalocyanine based pigment players in the world and amongst the top 10 producers of pesticides in India. Meghmani Organics Ltd (MOL) manufactures green and blue pigment products, which are used to manufacture printing ink, plastic, paints, textiles, leather, and rubber. TECHNICALS The stock has been in a falling wedge pattern & has given a breakout. The breakout was sustained & has been testing first level of resistance at 88.65 multiple times. Once it breaks it can move to 93 where next resistance lies Fundamentals Not a good last year but sales/profit showing symptoms of turnaround which is evident in price action Thanks, Stock-n-Shine
NSE:MOLLong
by Stock-n-Shine
Valor Estate Ltd.#### 1. **Price Chart Analysis (Upper Section)** - **Uptrend Channel**: The price is moving within a clearly defined upward channel, indicating a long-term uptrend. - **Support and Resistance**: - **Channel Support**: The price has touched the channel support multiple times, confirming its validity. - **Horizontal Resistance**: There is a horizontal resistance line which was recently broken, suggesting a bullish breakout. - **Chart Patterns**: - **Falling Wedge**: A falling wedge pattern is identified near the resistance breakout, which is typically a bullish pattern. The breakout from this pattern adds further confirmation to the uptrend. #### 2. **Volume Analysis (Below Price Chart)** - **Volume Spike**: There is a noticeable increase in volume coinciding with the breakout, indicating strong buying interest. - **Volume Profile**: The volume profile highlights significant trading activity at the current price levels, providing a strong support base. #### 3. **RSI Analysis (Lower Section)** - **RSI Trendlines with Breakouts**: The RSI is at 54.85, which is in the neutral zone. - **Historical Breakouts**: The chart shows several RSI breakout points. The recent RSI trendline shows a potential bullish divergence as it moves upwards, indicating increasing momentum. - **Volume Highlight**: Volume is also highlighted in the RSI section, showing correlation between volume spikes and price movement. ### Interpretation: - **Bullish Indicators**: - **Channel Uptrend**: The price consistently follows an upward channel. - **Resistance Breakout**: The breakout above the horizontal resistance and falling wedge pattern indicates a potential continuation of the bullish trend. - **Volume Support**: Strong volume during the breakout suggests institutional buying. - **RSI Neutral**: While the RSI is neutral, it is moving upward, indicating potential bullish momentum. ### Potential Actions: - **Long Position**: - **Entry Point**: Considering the breakout and uptrend channel, entering around the current price levels could be a good opportunity. - **Stop Loss**: Placing a stop loss slightly below the channel support or the recent breakout point to manage risk. - **Monitoring RSI**: Watch the RSI for any signs of reaching overbought levels or bearish divergence. ### Conclusion: The chart presents a strong bullish case with multiple confirming indicators such as the uptrend channel, breakout from resistance and falling wedge, and strong volume support. Careful monitoring and strategic entry points with appropriate risk management could capitalize on this bullish trend.
NSE:DBREALTYLong
by brijmohan_h
MRF - FALIING WEDGE BREAKOUTHi All, This idea is about MRF Limited Market Cap - 54 891 Cr Mcap/Sales - 2.18 P/E - 26.4 ROE - 13.2% ROCE - 16.9% Promoter Holding - 27.8% EPS - 4907 Quick Ratio - 0.79 D/E - 0.17 Technicals Price reversal breakout is seen on daily chart of MRF. It continued in falling wedge pattern & then price broke out of the upper channel with heavy volume. This could signal a price reversal at this point Price has corrected almost 15% from its peak Happy Trading, Thanks, Stock-n-Shine
NSE:MRFLong
by Stock-n-Shine
Channel Breakout Strategy for Long-Term AccumulationLet's structure it as a clear trading strategy: **Trading Strategy: Channel Breakout and Long-Term Accumulation** 1. **Identify Breakout**: Look for stocks breaking out of their historical trading range, accompanied by a sudden increase in trading volume. 2. **RSI Confirmation**: Confirm the breakout with the Relative Strength Index (RSI) around 53, indicating moderate bullish momentum without being overbought. 3. **EMA Analysis**: Ensure the stock is trading above all key Exponential Moving Average (EMA) levels, signifying strong upward momentum and stability. 4. **Accumulation Range**: Accumulate shares within the price range of ₹491 to ₹500 per share during the retesting phase after the breakout. 5. **Long-Term Hold**: Plan to hold these accumulated positions for the long term, leveraging the breakout and technical indicators for sustained growth potential. This strategy combines technical analysis with a focus on breakout opportunities and long-term investment goals.
NSE:BORORENEWLong
by Rockstar9831
Bitcoin - Classic Flat-Screaming for 72000 Target Upside Elliott Wave Flat Sequence with Wave C Ending Diagonal In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures. Wave A: A corrective three-wave move. Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more. Wave C: A five-wave move, which can unfold as an ending diagonal. An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market. Buying Trigger Above 66457 Target 71993 From WaveTalks Abhishek
CRYPTO:BTCUSDLong
by WaveTalks
2
Bandhan Bank -Potential Breakout in Progress (Upside Target-430) I suggested somewhere that market participants should start looking at this stock and hold it in their portfolio with an upside trigger of 265 and a final target of 430, to be reviewed later. No surprise – the stock has started moving from our desired zone of 155-175. What a low 169 . Will it cross 265 and later 430? Only time will tell. Pattern: Falling Wedge (Similar to Adani Wilmar as discussed earlier) Such patterns swiftly move towards its starting point. In this case it is 430 From WaveTalks Abhishek
NSE:BANDHANBNKLong
by WaveTalks
4
VINATI - LARGER WAVE - BREAKOUT - BULLISH - LONG TERMHi Folks, Vinati organics has been in price as well as time correction since September 2022. Almost, corrected for 2 years and maintained a falling wedge, cooling off RSI on weekly and Monthly timeframes while correcting for almost 700 points. Fundamentals Stocks in chemical/speciality chemicals sector are mostly sitting on operational capex with stable Margins, good order book and good PAT figures YOY. PE de rated and cooled down to their MEdian PE as compared to 2021 levels where it zoomed off. Operational leverage is yet to be played and PE expansion might kick in. Technicals 1. Clear breakout on Weekly timeframe from falling wedge. 2. RSI made higher highs eventually breaking from falling trendline. 3. Overall Structure of larger trend is bullish wherein we are completing wave 4 and ready fro larger wave 5. 4. Price might retest 30 WEMA or consolidate around it but shall continue its upmove. Not a trade recommendation, please do your own due diligence.
NSE:VINATIORGALong
by KunalSaxena10