Falling Wedge Pattern in Nifty and Breaking of 18000 supportNifty is forming a falling wedge pattern, there is a high likelihood Nifty may trade within this channel. During this channel, it may take support and resistance of 17800 and 1800 in between.
In hourly chart, Nifty is trading below 50 EMA and 100 EMA which further confirms bearish pattern.
How to trade this setup ?
1. Sell call option and choose strike basis your risk profile, risk averse trader should choose higher strike price.
2. Buy put option when there is bounce with weak candles near resistance
You should not do -
1. Buy call option unless Nifty decisively break the 18200 levels
2. Sell put option must be avoided.
Macros in favours of Bearish Pattern.
1. Interest Rate Hike by US, India (FOMC Minute)
2. Risk of COVID infection, hospitalization
3. DXY is rising creating pressure on USDINR rate
4. Policy related change in budget 2023, tax implications
Happy Thursday :)
Regards.
TradeManthan Team
Disclaimer
We are not SEBI registered investment adviser, trade at your own risk. The above information is for learning and knowledge only.
Falling Wedge
BANDHAN BANKshare name : bandhan bank
call type : positional
- share is forming a falling wedge pattern with
morning star on c point and hammer candle on
monthly time frame which shows the buyer
presence in this stock
- we can accumulate this share at this level and
look for the targets of 333 and 367 as per
cypher
- stop loss is 209 for this script
thanks
A clear BULLISH view on BIRLASOFTHEY GUYS,
BIRLASOFT stock was following a pattern
i.e FALLING WEDGE PATTERN
now , this stock has crossed that pattern
and it is showing clear BULLISH SIGNS.
as you can see, a 12% increase in a single week and volume is also very high,
this shows that people are really interested in this stock.
Therefore, you can also trade in this stock and earn high returns.
you can clearly see the pattern in the chart
i have marked that pattern with the trend lines.
thanks and have a great trade.
TATA CONSULTANCY SERVICE MID TERM TO LONG TERM SWING#CONSULTANCY SERVICE Falling wedge pattern (down trend channel) breakout on weekly time frame, also posted good quarterly results, good fundamental stock. wait for retest.
BYU around 3260
TGT : 3430, 3600, 3835, 4043
SL : 3470 Daily closing basis
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
MINDTREE LIMITED MID TERM TO LONG TERM SWING#MINDTREE LTD Falling wedge pattern breakout & Double bottom pattern breakout on weekly time frame and also posted good quarterly results, good fundamental stock. wait for retest and good entry level.
Buy around 3575 to 3630
1st tgt : 4000
2nd tgt : 4480
3rd tgt : 5000.
Stoploss 3470 on day closing basis.
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Falling wedge pattern reversal in HEROMOTOCO.On 1h Time Frame Stock Showing Reversal Of Falling wedge Pattern It can give movement upto reversal target of 2640+. There have chances of breakout of resistance level too after breakout of resistance level this stock can gives strong upside rally upto 2900+.
Climax wedge : AARTI INDNSE:AARTIDRUGS had a steep slope, made a climax, will it make the falling wedge? It is just a chance that the falling wedge can occur. I will adjust the trendline after the second peak and trough.
Note - The Upside breakout after the falling wedge can be the steep upward rally.
Falling wedge in S&P 500 4H chartS&P 500 index futures has completed a falling wedge on 4H chart. Falling wedge is a reversal signal and indicates lack of strength in the bears. Hence, we may see price correct back to 50MA (red line) and the wedge high of 3739.
We will watch for price action as it touches the 50MA. If the price reverses and bears come back at 50MA, bullish bet would be called off. If not, bulls are strong and 3739 becomes a fair possibility.
DEEPAK NITRITE - Falling Wedge Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
lti back in uptrendstock corrected almost 50% from its 52 week high
and we can see double top formation and price corrected
and now double bottom is formed
and cup is made of double bottom with falling wedge as handle
now we can consider it to be in the buyzone and we also see rsi positive divergence + price closing above 75 ema
so multiple signals prove that we have a strong up trend