Get started

Fallingwedgepattern

SAPPHIRE FOODS - Bullish Breakout From Falling Wedge📊 SAPPHIRE FOODS – Bullish Breakout from Falling Wedge 🕰️ Timeframe: 1D | 📉 Pattern: Falling Wedge Breakout 🔍 Technical Breakdown: SAPPHIRE has broken out of a well-defined falling wedge pattern — a bullish reversal signal — backed by a sharp move on increased volume. This wedge has been forming since early February, and the recent breakout above the upper trendline suggests renewed momentum and buying interest. 🔑 Key Technical Levels: 🔵 Resistance Zones (Upside Targets): ₹354.45 ₹372.20 ₹381.60 🔴 Support Zone: ₹311.15 (previous resistance turned support post-breakout) ⚪ Wedge Support Line: Well-held and now acting as a base for this breakout rally 📊 Volume & Indicator Insights: 🔺 Breakout is supported by a volume surge (300K), indicating institutional or smart money participation. 🔄 RSI at 66.81, nearing overbought territory but still in healthy uptrend range — confirming strength. 📉 RSI signals: Bullish crossover (around ₹300) confirmed breakout Prior “Bear” signal in Feb has now reversed to “Bull” (label shown) 🧠 Bias: Strongly Bullish 📍 Retest of ₹311–₹320 zone could offer re-entry opportunity with favorable risk-reward. ⚠️ Disclaimer: This chart is for educational purposes only. Please conduct your own due diligence or consult a professional before investing. 📈 Follow for more breakout pattern setups | PriceAction_Pulse 💬 Share your views on this wedge breakout in the comments!
NSE:SAPPHIRELong
by PriceAction_Pulse
Reliance forming a bullish patternReliance is making a falling wedge pattern, a bullish reversal setup that typically breaks to the upside. A breakout above the upper wedge line confirms the wedge breakout. The immediate target will be the top of the pattern zone — ~1300–1320. Extended target (measured move): Adding the wedge height (~200 points) to the breakout level → Can aim for 1450–1500 range on long term. Buying on the breakout and retest of wedge as support will be a valid entry.
NSE:RELIANCELong
by AbsoluteAnalysis
Watch This Wedge! AUDNZD Primed for Upside PushThe AUDNZD pair forms a falling wedge pattern, a bullish reversal formation that typically occurs after a downtrend. The price action is being squeezed between a descending resistance line and a descending support line, creating a narrowing range. The market is now attempting to break out of the wedge, with the current price testing the resistance line. A breakout and close above this trendline would signal bullish strength and could lead to a reversal of the recent downtrend. Targets: TP1: 1.07605 TP2: 1.07922 Stop Loss: Below the recent low at  1.06542
by Money_Dictators
Tata Consumer Prod. - Chart of the WeekNSE:TATACONSUM has a beautiful structure in the Weekly Timeframe that qualifies for my Chart of the Week idea. It saw Decent Volumes this week and closed above its recent swing high, with RSI and MACD Trending Upwards and Closing Above all Major Moving Averages. About: NSE:TATACONSUM is one of the leading companies of the Tata Group, with presence in the food and beverages business in India and internationally. It is the second-largest tea company globally and has significant market presence and leadership in many markets. In addition to South Asia (mainly India), it has presence in various other geographies including Canada, the UK, North America, Australia, Europe, the Middle East and Africa. F&O Activity: Significant Shorts are getting covered with 1050 PE OI Increasing Significantly. Trade Setup: It is Forming Like a Falling Wedge, it can test the upper edge and can give a good swing towards 1186-1190 Levels. So buy on Dips Until it closes below the Swing Low, ideally around the Marked Green Levels. Target(Take Profit): Around the Upper Edge of the Falling Wedge. Stop Loss: Swing Low Levels around 950-930. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:TATACONSUMLong
by Karanshah137
2
Shriram Finance Ltd- Swing1. Trend analysis - the stock was in a downtrend from October to late January, forming lower highs and lower lows. - however, in February, the stock started recovering and has now moved above the 200-day moving average (blue line), which is a bullish sign. 2. Moving averages - The chart shows two short-term moving averages (red and green lines), which could be the 9-day and 21-day ema. - The stock is currently trading above these moving averages, suggesting short-term momentum is in favor of buyers. 3. Volume analysis - There is a significant increase in volume on the latest green candle, indicating strong buying interest. - Higher volume during an upward move confirms that the breakout could be sustainable. 4. Support and Resistance levels - Support: the 580-590 zone is an important support level as the price has broken out from this area. - Resistance: the next potential resistance is around 630-650, where selling pressure might come in. 5. Swing trade plan - Entry: if the stock holds above 580-590, consider entering. - Stop loss: place a stop-loss below 565, as a break below this level could signal weakness. - Target: the first target can be 630, and if momentum continues, it can move towards 650. This setup looks good for a bullish swing trade, as the stock has broken key resistance with strong volume. however, it is always wise to watch the overall market conditions before entering the trade.
NSE:SHRIRAMFINLong
by PowerOfTA
1
Hindustan UnileverHello & welcome to this analysis FMCG sector appears to be doing better then other sectors after a very long time with Hindustan Unilever having a large weightage in the sector Strength signal - Since 2008 it has never violated the Quarterly Ichimoku Base line nor the Monthly Ichimoku Cloud. Near these support levels it becomes a very attractive value buy. This time also in 2024 it did the same. After giving a Cup & Handle breakout in the weekly time frame its seen a pullback since October 2024 along with the rest of the market. In the last 3 weeks its gone sideways whereas we have seen other sectors continue to see sharp selling. Once again highlighting that current level is seeing consistent buying support. The pullback appears to have been completed as it bounced back from its rising trend line. A daily falling wedge breakout has also witnessed a pullback now. As long as it now holds the rising trendline at 2350 it has good potential for upside suggesting a decent low risk high reward set up from short to medium term. Upside levels one can look out for above 2400 are at 2700 / 3100 / 3300 / 3600 All the best for your trading and investing My last video on the stock link is shared
NSE:HINDUNILVRLong
by Dinesh_C_Nagpal
1
Breaking Out of Falling Wedge and Symmetrical TriangleNSE:SYRMA is breaking out of Falling Wedge and Symmetrical Triangle Breakout on Weekly TF. With 2nd Best Weekly Volumes. NSE:SYRMA is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization. Recently it posted good Q2 FY 24-25 Results, posting a 30% Y/Y rise in Q2 consol profit after tax. The auto and healthcare businesses led growth in Q2 and will drive future growth further ahead. Also, expect a recovery in margins fuelled by higher exports and design and manufacturing businesses. NSE:SYRMA faces margin challenges as the consumer segment, which comprises 35%—38% of topline, operates with lower margins, and they are aiming to lower the segment's share further. One can wait for a retracement or ride the momentum with the current week candle as stop loss. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SYRMALong
by Karanshah137
2
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
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
ANTONY WASTE - RISING WEDGE FOLLOWED BY FALLING WEDGE (BO)Hi All, This idea is about Antony Waste Handling Cell Ltd Fundamentals Market Cap - 1419 Cr Stock PE - 16.5 ROE - 16.3 ROCE - 13.9 Promoter Stake - 46.1 Quick Ratio - 1.3 D/E - 0.78 Antony Waste Handling Cell Ltd is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project and undertake the designing, construction, operation and maintenance of the integrated waste management facility in Kanjurmarg, Mumbai. Technicals Since June 23, the price action followed a rising wedge & then the pattern changed to falling wedge since Feb 24. With the Daily price action it seems to be coming out of falling wedge formation & developing a new pattern Immediate targets are marked as T1 and T2. Would suggest the price to rise atleast 3% post closing to confirm the continuation. Happy Trading, Thanks, Stock-n-Shine
NSE:AWHCLLong
by Stock-n-Shine
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
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
ASHAPURA MINECHEM - NEW IMPULSE - BULLISHHi Folks, Stock has seen a major breakout on weekly charts from falling wedge pattern. RSI has broken out to confirm the upmove. Closing above 30 WEMA also provide more indications at the change of trend for coming months. Elliott Wave Analysis 1. Completed an ongoing impulse with a divergent 3-5 wave. 2. Correction of the impulse seems to be completed wherein RSI cooled off. 3. Outbreak in RSI, price and volume support indicates towards shift of trend. 4. Halt weekly candle or a follow up move shall confirm the upmove for mid term. 5. Larger structure remains bullish. 6. Targets of larger 5 wave are already marked with fic projections. Disclaimer - Please trade at your own risk, just for educational purposes.
NSE:ASHAPURMINLong
by KunalSaxena10
TITAN [falling wedge pattern]Pattern : The chart seems to show a falling wedge pattern , indicated by the converging downward-sloping red dashed lines. This pattern typically suggests a potential bullish reversal . Support Zone: The chart highlights a support zone in red at the bottom, where the price has bounced back. This indicates that buyers are stepping in at this level, providing strong support. Volume Analysis : The chart also shows volume bars. There is a noticeable increase in volume when the price hits the support zone and starts to move up. This increase in volume often validates the strength of the support and the potential for a bullish move. Price Projection: The blue dashed line projecting upwards suggests an expected bullish breakout from the falling wedge pattern. Based on these observations, the future movement predicted by the pattern indicates a potential upward trend. If the price successfully breaks above the upper boundary of the wedge with significant volume, it could signal a strong bullish trend continuation. The chart suggests a bullish outlook if the price breaks above the falling wedge's resistance line with strong volume. for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:TITANLong
by asAMOLSUTAR