MADHAV MARBLES - Very strong MomentumBreakout from a Rising Wedge.
Breakout from a Darvas Box.
Bullish Hidden Divergence.
Strong Volume Candle.
Rising Wedge
#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.
JINDAL STEEL good short candidate.Jindal Steel Good short candidate.
Bearish SHARK pattern formation.
PRZ zone in range 270-285
SLZ zone above 295
T-bar already formed and gave reversal,, now is sell on rise candidate,,
Best range to go short is 270 to 285,,
Rising wedge formation,, currently counter is trading around resistance line of rising contracting wedge ,,
RSI divergence seen in last 2 swing peaks.. Bearish divergence.
VOLTAS due for CORRECTION or NEXT LEG UPVOLTAS is making a rising wedge pattern.
The obvious move will be a break down of the wedge as suggested by the Divergence on RSI.
Since price is moving up but momentum is slowing, a correction is expected.
This is a short term market move and post a 3-5% correction, stock will continue it's uptrend or go into consolidation.
Short below 820.
Target 1- 800
Target 2- 784
STOP- 830
NOTE:- Trade at your own risk.
BAJFINANCE RISING WEDGE 30MBAJFINANCE is making a rising wedge pattern in 30M timeframe. You can add this to your watchlist and keep a track. There are chances for a breakout in coming trading sessions. Initiate a long position when price crosses the high of the breakout candle with SL at nearest swing low. Happy Trading!
NIFTY FALL TILL 12200 ? OPPERTUNITY OR TRAP?IDEA and analysis is my personal view, take advice from your financial planner before any investment decision.
All needy things mentioned on chart and my previous bank nifty analysis.
If you like, please follow and share my analysis with your near n dear; and save your portfolio by booking your profit for a while.
Happy investment😊
MARKET WILL FALL!!!!!! BULL MARKET OVER OR CORRECTION?All the things I want to say is mentioned in the chart, please read it carefully.
Besides that,
Reason to this fall :
1.MARKET HAVE A STRONG SUPPORT IN THE MID RANGE OF 26500-26600.
So we can expect fall up to that.
And as per logical TARGET FOR A #RISINGWEDGE PATTERN is 2L , which is exactly DOUBLE of length L mentioned on chart.
2. RSI is showing above 70, which is signal for reversal.
3. MARKET and RSI are both moving towards different direction of each other and RSI DIVERGENCE created.
DISCLAIMER:
This is my personal view and I have booked my profit in finance sector TODAY.
DONT TAKE DISCISION BASED ON MY IDEA, KINDLYTAKE A ADVICE FROM YOUR FINANCIAL ADVISOR.
I have also publish BULLISH idea on NIFTY as well as NIFTY BANK month ago in OCTOBER. According to that , Hope You might have enjoy NOVEMBER MONTH well.😊
You can visit my IDEAS Section for more analysis.
This is only TEMPORARY CORRECTION in the market , which will run for DECEMBER AND JANUARY. You can see MARKET TURN-AROUND AT 26500-26600 ,(act as AS A SUPPORT) , which we will see around JANUARY END.
NIFTY VIEWNIFTY BREAKS RISING WEDGE
NEXT SUPPORT LEVELS
13355
13280
disclaimer - for study purpose only.
USOIL rising wedge pattern formation at 4 hour TF Market story - USOIL formed rising wedge pattern at 4 hour TF and expecting to reach S3 zone in following days
NIFTY 1HThe range in which NIFTY is trading is shrinking. It has started forming a pattern which is The Rising Wedge Pattern. It is mostly observed that this pattern generally has a breakdown instead of a breakout but that depends on the market is never 100% guaranteed. But as it is said in stock market "History repeats itself" so we can believe to notice a break down in NIFTY. The RSI is also nearing 70 in 1HR timeframe. You can backtest the reaction of NIFTY when it reaches RSI of 70+. So we can expect a correction in NIFTY in the coming few trading sessions. No one can say how much NIFTY will correct, but it will definitely show a reversal pattern once it's done being bearish. So hold your cash and wait for NIFTY to correct. You can catch stocks at better prices & incur good profits. Happy Trading & Investing!
