Rising Wedge
GBPINR rising wedge breakdown confirmed, selling to followThe pair was moving in a steep rising wedge pattern from the past 1.5 months. GBPINR, in the previous session, gave a daily close below the lower trend line of the wedge pattern, confirming a breakdown. In doing so, the pair also breached crucial support of 21 days EMA (88.1609). Now, it is susceptible to heavy selling that can take the price to 86.5692. The stop loss for the trade will be slightly above yesterday’s high at 88.9253.
BATA INDIA - 60MIN - POTENTIAL DROP ?Bata has been in a sideways channel on the daily timeframe for quite a while. The stock is approaching the 3rd touch of this channel at the top. The interesting thing about this is, it is approaching the top in a rising wedge formation giving us an idea of a potential dip in the stock. If the stock breaks this small rising wedge formation it has the ability for a downside of over 10%, so the Risk to Reward for traders in good enough.
Entry after the channel break - 1430
Stop - 1470
Target 1 - 1387
Target 2 - 1360
Target 3 - 1327
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
BPCL | Rising WedgeRising Wedge pattern observed in BPCL. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 128 points. With confirmation of pattern occurring at 364, Target of the pattern comes in at 236.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Nifty : Making Rising WedgeNifty is forming a rising wedge formation which is a sign of back to normal phase of markets,
crackdown might be edging around the corner.
if you have any queries regarding above idea or any other stock feel free to D'M
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Rising wedge formation inside a FALLING WEDGEDownside breakout from a rising wedge inside a falling wedge.
Upside breakout from a falling wedge through a rising wedgeWe can see breakout from the falling wedge and the stock is currently at support price, i recommend purchasing
MINDTREE (Daily) | Rising WedgeA rising wedge at the verge of breakdown, but with a good support around 950 - 955.
Breaking 950, the stock could seek support around 930, 910.
Below 910 the next stop could be around 870.
Besides, a sell on rise candidate around 995 - 1000; with a SL of 1015.
The charts posted by me are only for learning and not for trading purposes!
I am not responsible for any trade action taken by anyone whomsoever on the basis of the views published!
I am not a certified Technical Analyst or SEBI Registered Investment/Trade Advisor!
AUD/NZD Technical analysisThe steep rally in AUD/NZD is losing its steam.
It is marked by the formation of rising wedge pattern in the hourly chart.
As expected, it vented a bearish breakout.
Also, the MACD indicators has turned bearish and posits a incrementing bearish momentum.
Hence, we have a bearish view of the counter for the short-term.
Keep Eye on USDJPY Waiting for Rising wedge Breakout.We are doing USDJPY Analysis in Daily Time frame
You can keep an Eye on USDJPY it is forming rising channel pattern you can take a trade on the breakout of this pattern.
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan
TATA MOTORS SHORT TODAYTata Motors has huge probability of falling today. Tschnically Tata Motors is creatingr rising wedge and reached the resistance level. Today if it brokes the resistance level then the stock will increase in the coming days. But it is most unlikely things going to happen, as confirmed by technical indicator ADX. ADX is in decling phase which means stock trend is very weak and soon breakout So today you can short Tata Motors
Short around 180 Target 175 Stoploss 186
Rising Wedge FormationWe can see a rising wedge formation in the daily charts look keenly for breakout.
