Rising Wedge
NIFTY | Rising Wedge Pattern 🎯⭕ Intraday Trading opportunity ! 5 Min Chart Alert !!!⭕
--Short Below =14357 or CMP
--Target = 14271 | 14207
--Stop-loss = 14397
--R:R =3.72
--lot size =75
--Expected Profit = 150 Points ( 1% ) = 11K per lot
--Expected Holding = 1-2 Days only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Rising Wedge Pattern
2) Safe Traders can wait for breakdown
3) Targets are based on pattern height & Support area
4) Sentiments is still down
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❌ All Post are for Educational Purpose Only.
❌ Analyze your own before Considering mine.
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BTCUSD BTCUSD (DAILY):- FALLING WEDGE BREAKDOWN (Inside Rising channel breakdown also) for Target 44850
Mothersonsumi longon month of feb motherson given breakout of rising channel/wedge that breakout retested in this correction earlier gap filled presently given neckline breakout means short term trend reversal so technical says it ready for new high with support of 205 on closing basis. t1-224/230/235
BANKNIFTY ANALYSIS 06/04/2021BANKNIFTY ANALYSIS FOR 06/04/2021
BANKNIFTY FORMED RISING WEDGE
HIGH PROBABILITY IS MARKET FALLING BUT INCASE MARKET GO UP THEN I SHARE THE LEVELS @CHART
FOLLOW US FOR DAILY UPDATE
ETH/USDT on 45 min Chart pattern ETH/USDT has been trading below 200 ma and formed a bearish continuation pattern called being rising wedge. Rising wedge can be formed in uptrend & downtrend too.
As ETH is sustaining below 200 ma line , it indicates that bears are in control & we can see some more fall. Levels are drawn for trades. Look for shorting opportunity once support of the rising wedge is broken. Look for long only when channel is broken and ETH sustains above 200ma.
VASCON ENGINEERS - Strong BreakoutTechnically it is a Triple Breakout at the same point.
Breakout from :
- Rising Wedge
- Inverted Head and Shoulder
- 200 EMA
CADJPY, bearish outlook with rising wedgeIt looks like CAD may go weaker against the JPY during end of the week,
Analysis only for education purposes
Reliance - Ending Diagonal Finish (Sell Below 2100) • Safe Traders
Sell Below 2050 – Target Downside – 2025 / below 2025 –Target -1980-1990/ Below 1980
Target-
1927 / Below 1925 Target – 1890-1900 / Below 1890 Target – 1830 / Once Double Bottom gets
broken then stock may slip to 1650-1700 zone which I have suggested since Oct-Nov2020
• Risky Trader
They can sell if stock holds below 2100 or as close as possible to 2100
• No Trading
If stock crosses above 2100 – we will avoid taking sell or short trades.
MADHAV MARBLES - Very strong MomentumBreakout from a Rising Wedge.
Breakout from a Darvas Box.
Bullish Hidden Divergence.
Strong Volume Candle.
#ZEEL is ready for shortingA Rising wedge pattern has formed in NSE:ZEEL
DISCLAIMER : This is just for educational purpose....
ITC shorting opportunity 4H timeframe or day chart,
shorting opportunity is here as i shorted around 221. this chart is creating Highs and Lows, you can see the trendline as well,
as heavy volume is there as well, The price would rise a bit, and then might fall, in upcoming days ITC could fall down to 203 roughly, 7-8%.
Let me know your views on Comments. One can go LONG when it comes around 203, For Swing/Long term-
GBPUSD, Weekly analysis Feb 1 - 5, 2021Pound against dollar, has seen moderate bullishness in the month of January, Initial phase of February may be bearish for this pair because of Strong Dollar index outlook... First week it looks bearish to reach down at 1.35750 price mark.
Analysis only for education purpose
SELL Reliance Bearish Rising Wedge Pattern
Breakdown to Trade: 🔴
RELIANCE
Reasons:
1️⃣ Bearish Rising Wedge Pattern.
2️⃣ Broke Important Weekly Swing Low.
Target :
Bearish Rising Wedge Pattern Target : 1596 🚩
Stop Loss:
Day Candle closing above 1930
my views on banknifty As we can see the price has been breakdown from the rising wedge in past and gave a nice down movement and now it's retesting the trendline and gave a fakeout so the more chances of banknifty is to go down as per my analysis !
let me know what's your views ?
#TATAINVEST BO above Weekly Rising Wedge. #TATAINVEST BO above Weekly Rising Wedge. 1040-1025 may act is immediate support zone. One can look to invest for
TARGETs 1124, 1184, 1244, 1330, 1439, 1577, 1649, 1710-1755
Apollo Hosipital - Rising wedge patternNSE:APOLLOHOSP forms rising wedge pattern which is a bearish pattern.
If it breaks the lower trendline then it can give good move on downside.
***Do your own analysis before taking any trades
HDFCBANKThe stock is trading in the rising wedge pattern.
It has been consolidating in a very small range after touching the top of the wedge.
CMP: 1431
Target: 1460, 1540
Rain Industries | Breakout | Ready to move upsideThe stock is currently moving in a parallel channel forming a bit of rising wedge on a weekly chart.
The current price trend has been nicely supported by volume trend as well,
The stock has breached the multiple time resistance of 148.30 with higher than average volume indicating a positive signal. And now is moving towards its short term targets of TG1 - 159.35 and TG2 - 177.30, with a long term view at 229.10 .
The past support & resistance trendline depiciting the targets are very much alingned with the Fibonacci retracement to have a stronger conviction.
CMP - 151.90
TG1 - 159.35 (4.9%)
TG2 - 177.30 (16.7%)
Long term Target - 229.10 (50.8%) ; Long term stop loss - 129.45 (-14.78%)
Risk : Reward Ratio --> 1:3.4
The Analysis is done completely based on personal knowledge and to share with others for educational purpose.
It isn't any sort of recommendation. Please consult your financial advisor before any investment related decision.
NIFTY 50 WEEKLY ANALYSIS.Its rising wedge pattern, price should move in the channel but if it breaks uppar trend line then it will retest the uppar, which will become a support, once it retest you can buy n set your targets based fib levels of previous resistance.
