SREINFRA,Inverse H & S +Bull Engulf + falling wedge->> go go goNSE: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 with stoploss around 97.
We can see targets of 112,125 and 140.
Falling Wedge
Broke out of pennant - Short term tradeHere 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, there is enough room for buyers.
MACD is showing a bullish divergence.
That said - here is the short term target.
Buy - now ($280)
Target Profit - $300 - $309
Stop Loss - $271
As always, please feel free to revert with feedback and questions. Merry Christmas and happy trading!
#INFRATEL - Falling Wedge & DowntrendlineINFRATEL has formed falling wedge pattern and is on the verge of upside breakout.
Apollotyre cash : Falling wedge patternApollotyre cash looks good around 241-242 SL 237 Tgt 249-250/258/268
(cmp 245.7) (21 NOV 2017 - 10 PM)
CAPF Falling WedgeFalling 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 - Falling WedgeOFSS has formed falling wedge pattern on weekly chart & looks like this time it will finally breakout and head upwards.
#INFRATEL - Falling Wedge on Weekly ChartINFRATEL has formed falling wedge pattern on weekly chart. Long looks only when upside breakout happens.
Tata Motors: Falling WedgesNotes on the charts.
Hit like if you think this information is useful.
Trade Safe, stay healthy
Best Regards
Afraidtotrade
Falling Wedge on Tatasteel - Intraday RecomendationFalling 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
ACC Cements having strength to go long...!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 on SiemensFalling 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
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
