In weekly/daily, price just bounced from ascending channel support. Also price broke out of falling wedge with good volume, also price closed above upper BB. sl - 450, tgt1 - 545, tgt2 - 580
The pair has formed a falling wedge pattern and has given a valid breakout above the wedge. It can witness a throwback and the price can retest the wedge line once again. Based on the current momentum and with the application of Murrey math line,we expect the pair to move towards the resistance zone of 1.35538
FALLING WEDGE PATTERN MAY CAUSE TREND REVERSAL AT THE SUPPORT LEVEL. TARGETS MENTIONED ON THE CHART.
Key Points. 1. The New Zealand Dollar is still struggling to find a direction. 2. on 30 March NZDUSD break Trend and now it is struggling. 3. On daily chart it is Falling wedge Pattern According to that if it goes up today and Complete Bat Pattern still it Gonna Come Down so double possibility of Bearish Reversal Bat pattern. ;)
The little blue arrows point to crucial support levels NIFTY faces; whilst moving in a falling wedge pattern. Breakout could be imminent.
NSE:SREINFRA It is trading in a falling wedge pattern and about to breakout upwards. A valid Inverse Head & shoulders pattern has been formed and also the last two candles form Bullish Engulfing pattern. Confluence of all these factors suggest for long positions . Longs may be taken at current levels with tight stoploss below 100 or once it breaks the trendline...
Here is a short term trade for LTC. Currently LTC is getting traded at low volumes. Probably because of all the news in the media. It broke out of the pennant (falling wedge) and currently hovering close to fib level 0.786. If it manages to surpass this resistance then it'd find resistance at fib level 1. Now that is close to 20 points high. Looking at RSI,...
INFRATEL has formed falling wedge pattern and is on the verge of upside breakout.
Apollotyre cash looks good around 241-242 SL 237 Tgt 249-250/258/268 (cmp 245.7) (21 NOV 2017 - 10 PM)
Falling wedge pattern have been observed in CAPF, after breaking pull back have been done. Can initiate buy at 61.8 Fib levels with Stop below Fib 50% level
OFSS has formed falling wedge pattern on weekly chart & looks like this time it will finally breakout and head upwards.
INFRATEL has formed falling wedge pattern on weekly chart. Long looks only when upside breakout happens.
Notes on the charts. Hit like if you think this information is useful. Trade Safe, stay healthy Best Regards Afraidtotrade
Falling Wedge pattern formation on Tatasteel and its for day trade only. Trade: Buy above - 560.00 Target 1 - 562.50 Target 2 - 565.00 Stop loss - 557.00
Falling Wedge pattern formation on ACC and it will break only on long side but if does in other direction, consider as false breakout or pattern failure. Trade: Buy above - 1625 Target 1 - 1656 Target 2 - 1682 Target 3 - 1711 Stop loss - 1580
Falling Wedge pattern formation on Siemens and it will break on upside. Trade: Buy above - 1345 Target 1 - 1365 Target 2 - 1387 Target 3 - 1405 Stop Loss - 1317
It seems in Daily chart a Falling Wedge pattern formed on NSE:ARVIND . Once it Brakes the resistance, we can expect a sharp bullish rally. Go long after the brake-out as in the chart, target 428, sl 356. (Note: Stock market investments are subject to market risks. Do Your own study before making any positions)
This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward. Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward. This pattern forms over a period of approx 6 months. Break out came with a gap , hence signalling price may go down further. Support for the...