Falling Wedge
ARVIND - Will it be the beauty of Falling Wedge break-out?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)
QuickHeal: Falling Wedge Pattern 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 stock is at 210-209 levels.
And if i look at harmonic pattern
i could see a probability of Bat pattern ,suggesting a support zone near 211-210 levels
Hence , one should keep an eye on these levels to determine the further price action in this stock
Eur Usd Trump Eyed 06-04-2017 (AP) Hello Fellas,
The pair is still ranging in 60 pips. there is no clear direction on the pair. A break above 1.0690 would trigger 1.0733 then 1.0766 & 1.0799. on the flip side next support lies at 1.0620,1.0600,1.0590.
Trade at the breakout of the falling wedge & the resistance trend line & confirming it with the RSI & the Bollinger band.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing forex Team
Symmetric Triangle on SBI - NeutralSymmetric Triangle on SBI and it may break either side. one more formation called falling wedge ( combine with orange and top yellow line but it will break on top ( bullish). Moreover SBIN currently lying on Strong support and statement - MAKE or BREAK
Levels for Long: (Make)
Level 1 - 259
Level 2 - 265
Level 3 - 273
Levels for Short: (Break)
Level 1 - 233
Level 2 - 223