HAVELLS INDIA | SWING TRADE IDEA | 17/5/21All the reasons for the trade have been mentioned in the image.
---Happy trading
Fallingwedgepattern
IRFC Climbing Up!NSE:IRFC observed rounding bottom and falling wedge, gave a breakout and would now continue its journey ahead.
Tatamotors - Long - Falling WedgeTata Motors has formed a Falling Wedge pattern after a long rally.
if support is tested with good volumes then we can long with minimum 3:1 RR.
investment at your risk.
LT looking bullish (Falling wedge)Breakout and retest we can took long after the confirmation with the target of 1500++
NIFTY 50 is in BULLISH SIDENIFTY 50 is forming a FALLING WEDGE PATTERN. on the Bullish side...
Immediate Support: 14803
Supply Zone: 14850-14967
Resistance: 15320
Target: 600 Points ( ALL-TIME HIGH ^)
Bajaj Auto for 26th AprilBajaj Auto falling wedge on 15 min TF + Weekly Support Rejection . Buy on breakout of the wedge.
MRF swing trade ideaA falling wedge pattern is being formed with stochasticrsi divergence and macd crossover, volume is above average, a break above 83650 will be a good buy signal and if it breaks above 90300 it can be held for a further target of 96700.
Falling Wedge Reversal Pattern!The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. Buy for 857 with stop loss close blow 600. A major registration is formed on 857. After it broke we will see a long boom in it.
ONGC Falling wedge pattern, Buy after breakoutOne can consider to buy this for long term MAX. (1.5 yrs). It is not easy to take out long term targets but one can easily make all time high as their target.
For positional basis initate buy after breakout for a target of 149 - 162 with a SL of 103.
Falling Wedge Pattern in NIFTY next target 15230+ after breakoutIn the last 2-3 trading session NIFTY trading in a downtrend and its formed a falling wedge pattern. Still, it does not give this pattern breakout but if but nifty open with gap up this breakout will happen and possible we will get next target 15175 and 15230+ in the upcoming trading session. 15175-15195 will act as major resistance to reach the final target.
The Falling Wedge Proves Itself Again | Bitcoin In my previous analysis I talked about The falling channel Bitcoin was in. However when I took another look at it, it looked more like a falling wedge. This does not make any difference in the outcome of the price but this shows that TA can be subjective. But that is not what I wanted to talk about.
Falling wedges and channels are my favorite bullish trade setups for any asset and it shows again. The setup is as follows:
1: We spot a falling wedge or channel preferibly on the daily timeframe or higher.
2: The price start going sideways at the bottom of the channel or wedge. This is where you want to buy. Look for a bullish divergence on the rsi on the hourly or maybe even the 15 min chart for an even better setup.
3: Set a stop-loss in case the price breaks support.
4: ?
5: profit
On this chart we can see 2 horizontal white lines above the current price. These are the price targets for this setup.
