Long Maruti Trendline breakout inside rising wedge can give long position opportunity in maruti.
Target 6075
Rising Wedge
SBICARD in downsideSbicard creates the Rising wedge pattern on the daily chart and make the bearish candle at the top line and now come to down more points.
Sell near 700 and put the stop loss 710 and target is 691-680-670.
FSL BOBreak out from INHS & Rising Wedge Pattern
Long entry possible
Might test 45/48/52 Levels
Just for learning purpose
SBIN - Rising wedgeAbove Mentioned :
Red lines - Support - 190 , 183
Green lines - Resistance - 202 , 208
Buy at support line with candle confirmation and sell at Resistance line.
And careful , about Rising wedge.
Bank nifty with Rising wedget, Jul 13-17Bank nifty price action analysis supports bearish trend with Rising wedge
Tasty Bite Shows Rising WedgeTasty Bite has formed a rising wedge pattern.
The price has reached the resistance level of previous high.
Also the weekly MACD-H has formed a bearish divergence
XAUUSD Weekly analysis, Jul 6-10Hi traders,
Wish you for more profit in the coming week, Last week the Gold against dollar pair price went up and came down as predicted.. it touches the yearly high of 1790 and retraced 1758 - 1760 area twice in a week, I stick with the my Rising wedge analysis given last week, it can be a long term signal too .. may gold go down to 1700 area..
This week this pair expected to break the wedge and expected to touch 1747 and go upto retrace 1760 area
if it is going the other way up,, it has to break strong resistance ..but i hope there is lesser chance to happen.
Thank you all.
Note - Weekly prediction done as per price action analysis, price movement subjected to fundamentals changes also
nifty Nifty formed rising wedge pattern it has been bearish mood. i can wait and watch another one Bearish market. So safe invest in market. all the best.
UPL running in downsideupl current price is 446 and create the rising wedge #pattern in the 1-hour timeframe and now ready to come to the down and sell near 449-453 with stop loss 459 and #downside target is 442-435-425. In the #upperside resistance is 463-467 cross this #level and stay above then easily come to 480-495-510+.
Also, awesome oscillator shows the weakness and below the 0 line.
Rising Wedge1) Long on the break of 266
2) Short on the rejection of 50 DEMA and or break of the rising trend line
NIFTY TREND SETUP FOR THE WEEK NIFTY TREND SETUP
-from past few weeks i am explaining nifty is in a "bullish bias"
-to understand please go through my nifty and banknifty posted charts
-you will get an idea how we were able to maintain our bullish view
-coming to the new post of nifty let see what is cooking up
-our rising wedge pattern is confirmed (read previous post)
-nifty is making a move to test "61.8% retracement level"
-and also its 200-ema both now placed in the zone of 10420-10520
-!!yes!! again i am "bullish" this week
-the reason is quite simple i don't know whether someone has noticed!!
-that after the gap down on 11th march it is the first time!!
-that nifty has mananged to "close above 10175"
-!!yes!! nifty everytime gaped up and was sold into
-this rally is different after 3 months nifty actually managed to close above the level of 10175
(please watch the "yellow" line closely on the daily chart)
-this is a major reason i believe that market can test 10350-10520 beyond that we will need to dig deeper
NIFTY TRADE SCENARIO
-any dip towards 10160-10180 is a buying opportunity
-intial target should be 10275-10320
-if breaks then we can re-enter aggressively
previous post on nifty index
TCS in Rising Wedge patternTCS closing is 2045.80 is showing the #rising wedge pattern on the daily basis and in the downside must be a break and close below 2000 and stay 1 day then come again 1965-1930-1900 again. Sell near 2020-2035 then stop loss is 2070 and in upside, hope is only above 2160+ close one day then come to 2220-2270-2360.
NIFTY INDEX TREND SETUP NIFTY INDEX TREND SETUP
-NIFTY WITNESS ONE OF THE WILDEST SWING THIS WEEK
-THE CRUCIAL PART THAT I AM EXPLAINING EVERONE IS THAT 9950 WAS NOT BREACH ON A WEEKLY CHART AS WELL ON DAILY
-THE SHORT COVERING RALLY IN THE INDEX PROVED TO BE VERY VITAL
-THIS INDICATES THE STRENGTH IN BUY ON DIPS MARKET
-20 AND 50 EMA WERE TESTED GAPS WERE CLOSED AND THE PRICES MOVED ON
-WHAT IT CONFIRMED ON A DAILY CHART IS A "FALSE BREAKOUT DOWN"
-200-EMA IS FALLING
-INDEX IS STALLING
-NIFTY CAN KEEP CRAWLING TOWARDS 10440(61.8%) ZONE
NIFTY TRADE SCENARIO
-WHENEVER THERE IS A FALSE BREAKOUT WE EXPECT FIRST THE OPPOSITE BOUND TO BE TESTED (10330)
-"BULLISH MARABUZO" CANDLESTICK PATTERN VISIBLE
-NIFTY HOLDS ON TO ITS SUPPORT OF 9950
-I KNOW SGX IS INDICATINGA NEGATIVE START BUT STILL NOT BROKENDOWN I EXPECT MARKET TO RECOVER ON MONDAY
-CRUCIAL TO REGAIN 10030 WHICH IS ALSO ONE OF MY CRUCIAL SUPPORT LEVEL AS WELL AS 100-EMA ZONE
-NEXT LEVELS TO BE TESTED
10130
10165
10220
10275
10330
-ON THE DOWNSIDE
9880
9830
9750
-WILL ALL ACT AS SUPPORT FOR THE MARKET
"WHAT IS CONFIRMED IS A VISIBLE RISING WEDGE PATTERN FOR NOW"
"INITALLY I THOUGHT IT MIGHT BE A BULLISH CHANNEL" (CHECK PREVIOUS CHARTS)
"BUY ON DIPS" RECOMMENDED
"MY VIEW IS CLEAR WE CAN BREAK OR TEST 10330"
Nifty In Rising WedgeNifty closing is 9914 on daily basis creates the Rising Wedge pattern and in this pattern, at this time if cross 10115 then come to 10180-10250-10325 and in downside must be a break and close below 9720 and stay below then come to 9650-9580-9450 again.
HEROMOTOCO Rising Wedge + Inside Bar SetupHEROMOTOCO on daily time frame is contracting along a rising wedge pattern which is almost about to breakout.
Combined with the bearish pinbar candle formed suggest a break of the high or low will give a good move.
Long above 2431
Short below 2369
Fixed target: 1% (or the nearest S/R)
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Rising Wedge1) Short below 360 on break of trend line and 50 EMA with confirmation, can move towards 320
2) Bullish above 415 for targets of 460 and 500
