An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out. NSE:DIVISLAB
The Descending Broadening Wedge is the opposite of the Ascending Broadening Wedge. It is generally formed during a downtrend. Divergent to the Falling Wedge, where the price action contracts as the pattern mature, the Descending Broadening Wedge widens as the two trend lines that have formed diverge from one another. The descending broadening wedge is measured to...
The rising wedge pattern typically occurs after an uptrend and signals a potential reversal in the security's price. It is a bearish chart formation commonly observed in technical analysis within the context of trading and investment. It is characterized by converging trendlines, where both the support and resistance trendlines are sloping upward, but the slope of...
sunpharma given breakout, sl is 1491, tg 1 is 1543, tg 2 is 1575. it also giving todays day tf candle is doji, so another confirmation of it regarding bullishness continuous,
Converging Triangle ANuras NSE:ANURAS breakdown ,Bearish pattern
#USOIL Long side trade 🔝⤴️🔝(crude oil) Track the chart🙏 must use sL to save money for a longer trading life. TVC:USOIL
Hello Everyone. The market was in a bullish mode today. The zones marked in blue are previous resistance and support so book profits at these zones. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after...
Here are the reasons that I hold almost 5 digits worth of SPOT calls. -Bullish Green candles are more powerful than the Red ones (meaning selling isn't bearish sentiment) -SPOT bounces on Moving Averages on multiple time frames - indicating possible intentional liquidity grabs -VOLUME BOTTOMS - this is a dead giveaway that they are not letting those low discounts...
Vedant Fashion / Manyavar - Long for 20% - Multiple Technical Indicator - Manyavar Breaking Falling wedge pattern - Turn around with RSI Divergence - 20% upside target - buy 945 Disclaimer:- Investments in securities are subject to market risk. Everything I discuss here is for educational purpose. I am sharing my personal view as a trader / investor. Please...
For education purposes only. Not a buy-sell recommendation.
Hello Everyone. The market was in a bullish mode today. The zones marked in blue are previous resistance and support so book profits at these zones. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after...
I daily make educational content videos for swing / positional trading
Hello Everyone. The market was in a bullish mode today. Market is moving in a channel, plan your trades accordingly. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the...
Wyckoff distribution completed if I m not mistaken ....whatever happens in real life ,the market shows it all... I m expecting big sell once daily ob reached on the buy side
#Poddar Pigments 18 Jun 2024 "Life is Simple, we make it complicated, So is Trading. Discover Simple, Yet Powerful Ideas." In Play : HH : HL Summary • CMP : 469 • Clean Price Action with Vol favor's BULLS FOOT PRINT with STRONG BREAKOUT • Nice consolidation for the past 36 months/3 years Conclusion • CMP 469 • Looks good for going NORTH • Higher Levels could...
Date : 6-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 4,666.60 Targets: (1) Rs. 5,444 --> (2) Rs. 6,385 SL : Rs. 4,044 on daily close basis Technical View: • NSE:HAL is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 5,444 on 3-Jun-2024, it has retraced 28% to 3,920 level. • On...
IEX is forming a Rounding Bottom Formation. In the short term it is moving in a Rising Parallel channel. Long Term Target that can be expected is around 275 -300 in a years time provided there is no untoward news. Trade Active. Entered @ 141.35
RTNINDIA has given a BO with good volume. I will wait for retracement and then will make an entry. DYOR - This is not a buy sell reco.