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Rising Wedge

ETERNAL – Rising Wedge Breakdown Setup | Target: 280The stock has formed a Rising Wedge pattern after a strong rally, with multiple rejections from the upper trendline (marked by red arrows). previous price action shows weakness near the resistance zone, indicating a potential breakdown. 🔹 Key Highlights: Rising Wedge Pattern visible on the daily chart – a bearish reversal setup. Volume surge in recent sessions signals distribution at higher levels. Gap Support at 277 – likely to be tested once breakdown confirms. Immediate Target: 280, aligning with horizontal support. Risk-to-Reward favored on the short side as price rejects resistance. 🔻 Breakdown Confirmation: 277 (Gap level) 241.45 219.22 This setup offers a clean technical short opportunity if downside momentum continues. Suitable for traders looking to capitalize on wedge breakdowns with volume confirmation. Disclaimer : Risk management is crucial in this volatile market, so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
NSE:ETERNALShort
by misalraj
Hindalco – Monthly Chart | Educational View Near ATH, testing a 20-year trendline — worth studying. Price is trading inside a long-term rising wedge. The upper trendline has acted as resistance multiple times (2007, 2011, 2022, and now). Currently consolidating in a tight range near ATH (~₹775). Volume needs improvement — a decisive breakout above resistance should ideally come with strong volume confirmation. ⚠️ Risks / Watch-outs: Rising wedge patterns can also resolve downwards if breakout fails. Repeated rejections from the same long-term trendline may trigger profit-taking. Without big volume, any breakout attempt may not sustain. 💡 Learning Point: Long-term trendlines and volume behavior are crucial in studying potential breakouts vs. failed attempts. ⚠️ Disclaimer: This post is for educational purposes only. It is not a buy/sell recommendation or financial advice. Please do your own research or consult a SEBI-registered advisor before making investment decisions.
NSE:HINDALCOLong
by sagartharayil
Asian Paints: Short Setup — Bearish Reversal SignalAsian Paints shows signs of a potential short opportunity after forming a bearish reversal pattern (Rising wedge) on the daily chart. The stock failed to sustain above the resistance near 2600, Formed a Double top pattern. The RSI is showing bearish divergence, signaling weakening momentum. hinting at a possible downtrend initiation. Key Levels to Watch: Immediate support at 2450 (swing low) Further downside target around 2320 if support breaks decisively Trade Plan: Enter short below 2450 on confirmation of bearish candle close. Stop loss above 2500 to limit risk from false breakdown. Target 2320 for conservative exit or trail stop as price moves lower. Disclaimer: Risk management is crucial in this volatile market, so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
NSE:ASIANPAINTShort
by misalraj
3
Bank nifty Rising wedge pattern.Pattern Analysis Rising Wedge Pattern: A bearish pattern typically seen near tops. It shows narrowing price movement with higher highs but declining momentum. Breakdown confirmed as price has fallen below the lower wedge support trendline. Confirms selling pressure and rejection from the top near 57,300–57,500 zone. 🕯️ Candlestick Signals Dark Cloud Cover: A bearish reversal pattern indicating sellers have taken control after a bullish phase. Big Red Candle + ‘M’ Pattern: Bearish engulfing at resistance – strong indication of a top formation. 3 Inside Down Candlestick Pattern at Resistance: Recent red candles have higher volume, confirming institutional selling activity. As anticipated in our previous analysis, Bank Nifty corrected from the 57,000 level to 56,056, validating the bearish setup. It is also expected to short here 56,550 add on any rise up to 57,700-57,950 for target mentioned on chart. Alternative Scenario: Be aware that the rising wedge could potentially break upwards. If the price breaks decisively above the resistance trendline with strong volume, the bearish outlook would be invalidated.
NSE:BANKNIFTYShort
by tradetechnicalanalyst
2
M&M _ Rising Wedge Formation📊 M&M – Technical & Educational Snapshot Ticker: NSE: M&M | Sector: 🚙 Auto CMP: ₹2,7XX (as of 16 Aug 2025) Rating (for learning purpose): ⭐⭐⭐⭐ Pattern Observed: 📉 Rising Wedge Formation (Bearish Reversal Case Study) 🔑 Key Reference Levels (For Learning) Support / Breakdown Zone: Lower wedge trendline Resistance / Rejection Zone: Upper wedge trendline Bearish Projection (Case Study): ~₹2,410 Bullish Continuation (Alternative View): ~₹3,300 📌 Pattern Observations ✅ Price forming higher highs & higher lows but within converging trendlines ✅ Momentum slowing → smaller swings inside wedge ✅ Typical bearish reversal structure (confirmation needed) ✅ Volume + RSI divergence can add conviction 📝 STWP Trade Analysis (Educational Illustration Only) 1️⃣ Bearish Breakdown (Primary Scenario) Observation: Breakdown below wedge support often studied as bearish signal Stop Loss (Learning Reference): Above upper wedge / recent swing high Downside potential: ₹2,410 (measured move projection) 2️⃣ Bullish Breakout (Alternative Scenario) Observation: Breakout above wedge resistance may lead to continuation Stop Loss (Learning Reference): Below wedge / recent swing low Upside potential: ₹3,300 📊 Risk Management & Confirmation Traders typically wait for daily close outside wedge boundaries Volume confirmation is key → spikes above average strengthen the move RSI divergence often adds confidence to the setup 📌 Summary (Learning View Only) The M&M Rising Wedge is a classic reversal study. Key lesson: A wedge pattern teaches how slowing momentum can shift market control — but confirmation with volume + price close is essential before validating either direction. ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes be larger than the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are an experienced trader, remember to assess your own risk, position sizing, and strategy suitability before entering any trade. Consult a SEBI-registered financial advisor before making any real trading decision. By reading, watching, or engaging with this content, you acknowledge that you take full responsibility for your own trades and investments. ________________________________________ 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. ✅ Follow simpletradewithpatience for beginner-friendly setups, price action insights & disciplined trading content. 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:M&MShort
by simpletradewithpatience
Rising Wedge Breakdown — 54,252 in Sight?#BankNifty View: CMP: 56,528 BankNifty has broken down from a Rising Wedge pattern — a bearish signal. After a brief retest of the breakdown level, price has resumed its downward move. Daily close below 56,205 will gather fresh momentum. 🔑 A daily close below 56,205 could trigger fresh downside momentum. 🔻 Support Zones: • 56,283 – 56,080 • 55,580 – 55,530 • 🔑 Key Supports: 54,470 – 54,375 & 53,600 – 53,580 🔺 Resistance Zone: • 57,312 – 57,365 🎯 Pattern Target: 54,252 This aligns with the key support zone at 54,470 – 54,375 , strengthening its significance. 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions. #TechnicalAnalysis | #PriceAction | #RisingWedge | #ChartPatterns
NSE:BANKNIFTYShort
by Stocks_Mario
1
NIFTY Technical Breakdown – Rising Wedge Pattern🔻 NIFTY Technical Breakdown – Rising Wedge Pattern The Nifty 50 has broken down from a rising wedge pattern on the daily timeframe, a bearish reversal formation that often signals distribution at the top. 📉 Key Observations: Rising wedge breakdown after extended rally RSI bearish divergence confirming weakness MACD crossover turning negative Volume gradually decreasing during the rise, indicating exhaustion ADX flattening, showing weakening trend strength 📌 Support Levels to Watch: 23,783 – Key swing support 22,798 – Previous breakout zone 📌 Sectoral Rotation: Defensive sectors like Pharma & FMCG are gaining strength FII selling pressure, rising DXY, and global uncertainty continue to weigh on sentiment ⚠️ Outlook: Caution warranted in the short term. Watch for sustained close below 24,900 for further downside confirmation. Macro and global cues to play a key role ahead. 💬 What’s your view on Nifty's near-term direction? #Nifty50 #TechnicalAnalysis #RisingWedge #MarketOutlook #TradingView #ChartStudy #IndiaMarkets #BearishSetup #NiftyBreakdown #Puneet0130
NSE:NIFTYShort
by Punit190
Bank nifty correction start now?Bank Nifty Current Price: 56,791.95 (Spot) Bank Nifty has reversed lower from the resistance trendline, confirming selling pressure near higher levels. A Dark Cloud Cover candlestick pattern combined with an emerging M-top formation indicates potential short-term bearish sentiment. It can short here or any bounce use as shorting opportunity for target 56,056 Major resistance is 57,400-57,700 The index is forming a rising wedge pattern, a bearish structure suggesting potential for deeper correction if key support levels are breached. Key Support Levels: Immediate support is identified at 56,056 (trendline support). A decisive close below 56,056 may accelerate selling pressure, opening downside targets toward: 55,342 , 53,908
NSE:BANKNIFTYShort
by tradetechnicalanalyst
CAMS – Rising Wedge in Focus ________________________________________________________________________________ 📈 CAMS – Rising Wedge in Focus 🕒 Chart Type: Daily ________________________________________________________________________________ What’s Catching Our Eye: CAMS is forming a Rising Wedge, a technical structure that often leads to strong directional moves. The price is nearing the upper boundary of the wedge, indicating possible breakout or reversal. This contraction in range is typically followed by expansion — and smart traders are watching closely. ________________________________________________________________________________ What We’re Watching For: Price holding above ₹4201.40 could trigger interest from early participants. On the flip side, a breakdown below ₹4090.50 may signal failure of the wedge structure. For more confirmation-driven entries, one may wait for a proper breakout or breakdown candle with volume. ________________________________________________________________________________ Volume Footprint Analysis: As expected in wedge formations, volume has compressed. A breakout supported by volume expansion could validate the move and offer confidence in continuation. Volume is the key trigger to watch once the wedge resolves. ________________________________________________________________________________ Option Structure Insight: For educational purposes, one could observe a neutral hedge approach using options: – Buy 4200 CE – Buy 4100 PE This can potentially help capture a sharp move in either direction. Once the move confirms, the opposite leg can be exited to ride the trend with managed risk. Price Action Logic: Rising wedge formations typically form after a directional up-move and narrow into a tightening range. This is often followed by an impulsive expansion phase. CAMS is showing that exact setup. The price is sandwiched between key resistance at ₹4200+ and demand near ₹3880. ________________________________________________________________________________ 💼 Sector Tailwinds: CAMS, operating within the mutual fund RTA space, benefits from India's rising retail participation and SIP growth. The digitalisation of mutual fund flows, compliance demand, and data-based services lend long-term support to this sector. These factors offer fundamental strength to this technical setup. ________________________________________________________________________________ ⚠️ Risks to Watch: – A close below ₹4085 could invalidate the bullish wedge setup – Current price behavior reflects compression, but indicators like Stochastic may suggest near-term overbought conditions – Avoid chasing — wait for confirmation via breakout + volume or a proper retest candle – Do not over-leverage in a low-volume wedge structure — focus on proper R:R and sizing ________________________________________________________________________________ 🔮 What to Expect Next: If the wedge breaks upward and sustains above ₹4201.40 with volume, price expansion may be observed toward ₹4330–₹4450 zone. On the downside, a breakdown below ₹4090.50 may trigger a move toward the ₹3950–₹3880 support cluster. Watch for confirmation in the next 2–3 sessions before taking directional exposure. ________________________________________________________________________________ 🧠 How to Trade CAMS (For Educational Use Only): 🔹 Breakout Trade Plan • Entry: Above ₹4201.40 • Stop Loss: Below ₹4090.50 (closing basis preferred) • Pullback Entry: If price returns to ₹4095–₹4105 zone and shows bounce confirmation • Risk-Reward: Start with 1:1, trail for 1:2+ • Position Sizing: Based on risk, never overexpose in a wedge 🔹 Options Strategy (Educational View) • Buy CAMS 4200 CE • Buy CAMS 4100 PE • Exit the losing leg once direction confirms with price + volume breakout ________________________________________________________________________________ 📍 Levels to Keep an Eye On: The first key level to observe is ₹4201.40 — a break above this may attract early interest from aggressive participants as it represents the upper boundary of the rising wedge. On the downside, ₹4090.50 acts as the breakdown level; if breached, it could suggest structural weakness and a potential shift in trend. In case of an upward breakout, we are closely monitoring the ₹4330–₹4450 zone as a possible price expansion area. If the breakdown plays out instead, the ₹3950–₹3880 zone becomes important as a potential reaction area or demand test. Historically, the ₹3880–₹3950 range has shown signs of buyer interest and may act as a demand zone if retested. On the upside, ₹4320–₹4400 has acted as supply in the past and could present resistance if the price extends higher. A close below ₹4085 would invalidate the bullish wedge structure and may require a reassessment of directional bias. ________________________________________________________________________________ ⚠️ Disclaimer (Please Read): • This chart is shared for educational purposes only and is not investment advice. • I am not a SEBI-registered advisor. • The information provided here is based on personal market observation. • No buy/sell recommendations are being made. • Please do your own research or consult a registered financial advisor before making any trading decisions. • Trading involves risk. Always use proper risk management. ________________________________________________________________________________ 💬 Found this helpful? How would you prefer to approach this — breakout entry or pullback into zone? Drop your thoughts or questions in the comments below ⬇️ 🔁 Share this post with your trading community. ✅ Follow @SimpleTradeWithPatience for price-action backed technical setups. 🚀 Let’s trade with patience, logic, and clarity! Be Self-Reliant | Trade with Patience | Learn with Logic ________________________________________________________________________________
NSE:CAMS
by simpletradewithpatience
MGL: Rising Wedge Breakout Sets Stage for Explosive RallyNSE:MGL : Rising Wedge Breakout Sets Stage for Explosive Rally after management guidance of double-digit volume growth for the next three to four years. Price Action Analysis: • Stock has formed a classic Rising Wedge pattern from November 2024 lows around 1,075 to current levels near 1,433 • The wedge shows converging trendlines with higher highs and higher lows, typical of consolidation before a breakout • Recent breakout above the upper trendline around 1,400 levels confirms bullish momentum • Price has rallied 33% from the wedge base, indicating strong underlying demand Volume Spread Analysis: • Volume spikes are visible during key breakout moments, particularly in recent sessions • Higher volume on up days compared to down days suggests institutional accumulation • Volume expansion during the wedge breakout confirms genuine buying interest • Recent green volume bars indicate sustained buying pressure supporting the uptrend Key Technical Levels: Support Levels: • Immediate support at 1,380-1,400 (previous resistance turned support) • Secondary support at 1,300 (middle of the rising wedge) • Major support at 1,200-1,250 (lower trendline of the wedge) • Critical support at 1,075 (November 2024 lows) Resistance Levels: • Immediate resistance at 1,450-1,470 (psychological levels) • Next resistance at 1,500 (round number resistance) • Extended target at 1,600-1,650 based on wedge height projection • 52-Week high resistance around 1,988 (historical peak) Technical Patterns: • Rising Wedge pattern near to completion with successful breakout • Multiple higher highs and higher lows confirming uptrend structure • Potential cup and handle formation on longer timeframes • Bullish flag consolidation patterns within the broader uptrend Trade Setup: Entry Strategy: • Primary entry on pullback to 1,400-1,420 levels (retest of breakout zone) • Aggressive entry at the current market price of around 1,433 for momentum players • Scale-in approach: 50% at 1,420, 25% at 1,380, 25% at 1,350 Exit Levels: • First target: 1,500 (16% upside from current levels) • Second target: 1,600 (22% upside potential) • Extended target: 1,700-1,750 for long-term holders • Trailing stop-loss strategy recommended above 1,500 levels Stop-Loss Placement: • Conservative stop-loss: 1,320 (below wedge support) • Aggressive stop-loss: 1,380 (below immediate support) • Risk-reward ratio of 1:2 to 1:3 depending on entry and exit points Position Sizing and Risk Management: • Allocate a maximum of 2-3% of the portfolio to a single position • Use a 1% risk per trade rule based on stop-loss distance • Consider partial profit booking at 1,500 levels • Maintain position size discipline to avoid overexposure Sectoral and Fundamental Backdrop: Sector Analysis: • City Gas Distribution (CGD) sector showing resilience amid energy transition • The government push for clean fuel adoption, supporting the natural gas demand • Infrastructure expansion in tier-2 and tier-3 cities benefiting CGD companies • Regulatory environment remains supportive with steady tariff mechanisms Fundamental Strengths: • NSE:MGL operates in prime Mumbai and adjoining areas with stable demand • Strong cash flows from residential and industrial customer base • Consistent dividend-paying track record with healthy payout ratios • Robust balance sheet with minimal debt and strong return on equity • Expanding PNG and CNG network, providing growth visibility Key Catalysts: • Increasing vehicle conversion to CNG, supporting volume growth • Industrial demand recovery post-pandemic is driving commercial sales • Government policies favouring cleaner fuel alternatives • Potential for geographical expansion into new license areas Risk Factors: • Crude oil price volatility is affecting input costs • Competition from electric vehicles in the transportation segment • Regulatory changes in gas pricing mechanisms • Economic slowdown impacting industrial demand My Take: The technical setup suggests NSE:MGL is well-positioned for continued upward momentum following the rising wedge breakout. The combination of strong fundamentals, supportive sector dynamics, and bullish technical patterns creates an attractive risk-reward proposition for both swing and positional traders. However, traders should remain disciplined with position sizing and risk management given the stock's premium valuation at current levels. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it 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 a 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:MGLLong
by Karanshah137
9
Emudhra Watchlist StockEmudhra's Triangle Breakout Drama: Why This Digital Security Stock Could Rally 15% from Current Levels Price Action: Looking at Emudhra's daily chart, we're witnessing a textbook technical setup that could offer substantial rewards for patient traders. The stock has been consolidating in a well-defined triangle pattern since late April, with price action compressed between converging trend lines around 720-780 levels. The current price action shows Emudhra testing the upper boundary of this Wedge formation at approximately 775-780 resistance zone. What's particularly interesting is how the stock has maintained its position above the key psychological level of 750, suggesting underlying strength despite the recent market volatility. Volume Action: From a volume perspective, we've seen relatively subdued activity during this consolidation phase, which is typical behaviour within triangle patterns. However, any breakout above 780 with accompanying volume surge would validate the bullish continuation thesis. The base formation here spans roughly 6-8 weeks, providing sufficient time for weak hands to exit and strong accumulation to occur. Support levels are clearly defined at 720 (triangle lower boundary) and 700 (psychological support), while immediate resistance sits at 780, followed by the major level at 880. The triangle pattern, combined with the stock's position above key moving averages, suggests a potential measured move target of around 850-870 levels, representing approximately 10-15% upside from current levels. Trade Setup: Entry: 782-785 on breakout with volume confirmation Target 1: 820 (initial resistance) Target 2: 850-870 (measured move target) Stop Loss: 750 (below triangle support) Risk-Reward Ratio: Approximately 1:2.5 Risk management is crucial here - the stop loss at 750 provides a reasonable buffer while maintaining favourable risk-reward dynamics. Traders should wait for a decisive breakout above 780 with at least 50% higher than average volume to confirm the pattern completion. Sectoral Backdrop: The digital security and cybersecurity sector has been gaining traction globally, with increasing digitization post-pandemic driving demand for authentication and security solutions. Emudhra operates in the digital trust space, providing digital signature solutions and PKI services, which positions it well for the ongoing digital transformation wave. Fundamental Backdrop: While technical analysis drives this setup, Emudhra's business fundamentals appear supportive, with the company's focus on digital identity solutions aligning with government initiatives like Digital India. The increasing adoption of digital signatures across various sectors provides a favourable operating environment for sustained growth. Risk Factors: Technical Risks: - False breakout possibility if volume doesn't support the move - A broader market correction could invalidate the pattern - Failure to hold 750 support would signal a pattern failure Fundamental Risks: - Intense competition in the digital security space - Regulatory changes affecting the business model - Economic slowdown impacting enterprise spending - Technology disruption in authentication methods My Take: The key catalyst to watch would be any major contract announcements or regulatory developments that could trigger the breakout. Given the tight consolidation and technical setup, this stock deserves a spot on active traders' watchlists for the coming weeks. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it 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 a 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:EMUDHRA
by Karanshah137
10
UPL Rising wedge analysis. Bullish trap possibleChart analysis:- UPL Broadening wedge pattern This pattern may look bullish, but it has hidden bearish signs:- 1. Buyers' exhausting action. Failing to make new highs and breaking out of the last highs. 2. RSI is showing divergence. Price rising, but RSI is falling. 3. Long wicks on top showing selling pressure. In such a case, we can see a pullback to the lower side of the wedge. On the other hand, if it breaks out of 670, it will test the upper side of the wedge at around the 680- 685sh zone. Buy only if the price breakout is accompanied by a volume candle and RSI breaking the level of 65+ This chart is to analyse the possible trade setup on either side of the breakout of the wedge pattern.
NSE:UPL
by AbsoluteAnalytics
The Mirage of Eternal Growth: Nifty, Sensex in 2024INDEX:SENSEX In the realm of stock markets, where optimism can often overshadow caution, the upward trajectory of indices like the Nifty and Sensex can be both alluring and deceptive. For the past eight years, these indices have exhibited an unbroken streak of growth, painting a picture of perpetual prosperity. However, beneath the surface lies a pattern that portends caution rather than celebration – the rising wedge pattern. The Nifty and Sensex, the barometers of India's economic health, have become synonymous with stability and growth. For nearly a decade, investors have enjoyed a bull market, with each passing year seemingly better than the last. The absence of any annual red bars, indicative of negative growth, has only reinforced the prevailing sentiment of optimism. But amidst the euphoria, a discerning eye may notice the emergence of a concerning trend – the rising wedge pattern. This technical analysis formation, characterised by converging trendlines with higher highs and higher lows, often signals a potential reversal in market direction. While it's easy to dismiss such patterns in the midst of a prolonged bull run, history teaches us to heed the warnings they offer. Indeed, the implications of this rising wedge pattern extend beyond the confines of Indian markets. As global economic interdependencies continue to deepen, any significant event on the world stage can send ripples across international markets. Whether it's the outcome of a pivotal election or the outbreak of a geopolitical crisis like World War 3, the reverberations can be felt far and wide. The looming spectre of the May 2024 election result presents a critical juncture for Indian markets. Political uncertainty has always been a source of volatility, and the outcome of this election could either reaffirm investor confidence or trigger a reassessment of market fundamentals. Similarly, the threat of a global conflict looms ominously, casting a shadow over the stability of financial markets worldwide. In light of these potential catalysts for volatility, it's imperative for investors to exercise caution and prudence. While the allure of continued growth may be enticing, it's essential to recognise the inherent risks that accompany such prolonged periods of bullish sentiment. Blind optimism can quickly turn into panic when confronted with unexpected events, leading to precipitous declines in stock prices. Moreover, the interconnected nature of global markets means that no economy exists in isolation. What happens halfway across the world can have profound implications for domestic markets, amplifying the need for a diversified and resilient investment strategy. Rather than succumbing to the allure of short-term gains, investors would be wise to adopt a long-term perspective that prioritises stability and risk management. In conclusion, while the Nifty and Sensex may have enjoyed a remarkable run of growth in recent years, the emergence of the rising wedge pattern warrants caution. The prospect of major events such as the May 2024 election result or the outbreak of global conflict introduces a level of uncertainty that cannot be ignored. As investors navigate these choppy waters, it's essential to remain vigilant and adaptable, recognising that the road to prosperity may be fraught with obstacles.
INDEX:SENSEXShort
by liondewarangal
Bank Nifty - Is this A Rising Wedge from 47898 As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone Falling From 49000 Level Support Zone 48500-48600 Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by cultural sentiment and Budget expectations. Will Budget 2025 keep the trend alive? 🌞 This comes after a 26-day fall in major benchmark indices, which started on 5th Dec 2024. In the last two days, the index surged from 47,898 to 49,000. However, during the first half of today's session (15th Jan 2025), it fell below 49,000, hitting a low of 48,522 as shown in the snapshots
NSE:BANKNIFTYLong
by WaveTalks
4
Real Success Rates of the "Rising Wedge" in TradingReal Success Rates of the Rising Wedge in Trading Introduction The rising wedge, also known as the "rising wedge" in English, is a chart pattern that has a remarkable success rate in trading. This analysis details its performance, reliability and complementary indicators to optimize its use. Success Rate and Performance -Key Statistics Overall success rate: 81% in bull markets Average potential profit: 38% in an existing uptrend -Breakout Direction Bearish: 60% of cases Bullish: 40% of cases Contextual Reliability Bull market: 81% success, average gain of 38% After a downtrend: 51% success, average decline of 9% Important Considerations The rising wedge is generally a bearish pattern, indicating a potential reversal. Reliability increases with the duration of the pattern formation. Confirmation of the breakout by other indicators, especially volume, is crucial. Complementary Indicators -Volume Gradual decrease during formation Significant increase during breakout -Oscillators RSI (Relative Strength Index): Identifies overbought/oversold conditions Stochastics: Detects price/indicator divergences -Moving Averages Crossovers: Signal trend changes -Dynamic Support/Resistance: Confirm the validity of the wedge -Momentum Indicators MACD: Identifies price/indicator divergences Momentum: Assesses the exhaustion of the trend -Other Elements Fibonacci Levels: Identify potential support/resistance Japanese Candlestick Analysis: Provides indications of reversals Conclusion The rising wedge is a powerful tool for traders, offering a high success rate and significant profit potential. The combined use of complementary indicators increases the reliability of the signal and improves the accuracy of trading decisions. It is essential to look for a convergence of signals from multiple sources to minimize false signals and optimize trading performance. _______________________________________________ Here are the best times to enter a trade after a rising wedge, in a professional manner: -The confirmed breakout Wait for the candle to close below the support line of the wedge. Look for a significant increase in volume during the breakout to confirm its validity. -The retest Look for a pullback on the broken support line, which has become resistance. Enter when the price rebounds downward on this new resistance, confirming the downtrend. -The post-breakout consolidation Identify the formation of a flag or pennant after the initial breakout. Enter when this mini-formation breaks in the direction of the main downtrend. -The confirmed divergences Spot bearish divergences on oscillators such as the RSI or the MACD. Enter when price confirms divergence by breaking a nearby support. -Timing with Japanese Candlesticks Identify bearish formations such as the Evening Star, Bearish Harami, or Dark Cloud. Enter as soon as the next candle confirms the bearish pattern. -Important Considerations Always place a stop-loss to manage risk effectively. Be patient and wait for the setup to be confirmed before entering the trade Check the trend on higher timeframes to ensure the consistency of the trade. Integrate the analysis of the rising wedge with other technical indicators to improve the quality of decisions. By following these recommendations, traders can optimize their entries on rising wedges while minimizing the risk of false signals.
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
AsianPaints | Wyckoff Events & Phases Explained !!Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases Price Action Analysis And this is the accumulation stage - 1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move. - Volume increases and price spread widens, signaling that the down-move may be approaching its end. 2) SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. - Often price will close well off the low in an SC, reflecting the buying by these large interests. 3) AR—Automatic Rally, which occurs because intense selling pressure has greatly decline. - A wave of buying easily pushes prices up. - The high of this rally will help define the upper boundary of an accumulation. 4) ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand. - If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC. - It is common to have multiple STs after an SC. 5) SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume. 6) LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS. 7) BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume. All the phases of accumulation stage- Phase A: Phase A marks the stopping of the prior downtrend. -- Up to this point, supply has been dominant. -- The approaching cutback of supply is evidenced in preliminary support (PS) and a selling climax (SC). -- A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. -- If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. -- Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Phase B: -- Phase B serves the function of “building a cause” for a new uptrend -- In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. --There are usually multiple STs during Phase B' -- Institutional buying and selling impart the characteristic up-and-down price action of the trading range. --Early on in Phase B, the price swings tend to be wide and accompanied by high volume. Phase C: -- It is in Phase C that the stock price goes through a final test of the remaining supply. -- this marks the beginning of a new uptrend, trapping the late sellers (bears). -- It indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. -- The appearance of an SOS shortly after a spring or shakeout validates the analysis. Phase D: --During Phase D, the price will move at least to the top --LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: --large operators can occur at any point in Phase E. --These are sometimes called “stepping stones” on the way to even higher price targets. -------------------------------------------------- Regards, Revive Traders ------------------------------------------------ Guys check out the related POST as well, it went FANTASTIC ! 🙏FOLLOW for more ! 👍LIKE if U find it useful ! ✍COMMENT your views & feedback !
NSE:ASIANPAINTLong
by ReviveTraders
1
BankNifty ( Elliott Wave) - Will 51700+ Be The Short Term TopDisclaimer: This is not a solicitation to buy or sell any financial instruments. Please consult your financial advisor. Explore the latest Bank Nifty analysis with WaveTalks. Will 51700+ be the short-term top? Discover insights and potential market moves as we decode the whispers of the market. Stay informed with WaveTalks - Market Whispers! Let's Jump In ... As discussed in the last idea published on 29th August, it was suggested that holding the 50938 / 50939 critical level, Index can make new highs beyond 51404 which is very much possible. The market tested traders' patience on Friday, 30th August, and continued to do so on Monday, 2nd September, and even on 3rd September, with many feeling the urge to give up. However, bulls were fortunate as a last-minute explosive move took BankNifty from 51400 to 51750—a 350-point jump towards the end of the session. Now, with U.S. markets trading in deep red, with major indices like S&P, Dow, and Nasdaq all down more than 1%, the big question arises: Has the BankNifty pattern we’ve been discussing since last week finally completed? Are we about to fall below 50939, potentially slipping down to the 50300 support level? Only time will reveal the answers to these questions.
NSE:BANKNIFTYShort
by WaveTalks
3