NSE:CUMMINSIND making rising wedge on weekly charts and also has formed a evening star candlestick pattern. With a SL of 1666, one can short for T1 of 1552 and T2 of 1518. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to...
Pidilite Industries Key highlights: 💡 ✅On 1 week Time Frame Stock Showing Reversal of Rising wedge Pattern . ✅It can give movement upto the Reversal target of above 3000+(Up to resistance level). ✅Can Go Long in this stock by placing a stop loss below 2298-.
The Higher Time frames look solid. Multi-year Breakout Contender. On the Lower Time frame an inverted Head and Shoulder was spotted. A breakout happened and followed it up with a retest. Stock is moving in a Rising Wedge. I expect an upward rally from here on to the top end of the wedge.
Here is my analysis on GBPUSD, what do you think? Will it go as have predicted or not?
Hello Traders! 1. We see a clear 5-wave impulsive move forming a leading/ending diagonal. 2. It could be Wave 1 or Wave A. 3. Targets and stop have been marked on the chart. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Hello Traders! 1. Possible rising wedge in formation. 2. Sell below the Red Line. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Euro to Indian Rupee pair (EURINR ) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI. The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 86.8 on the EURINR spot pair. SL may be kept above previous high, around 89.30.
Banknifty after a extreme bullish view posted way back (link in related idea section) has achieved most of the upside targets. The current weekly candle is not looking promising which has also formed on the top line of pitchfork which I had drawn long back, On weekly charts it has made a rising wedge kind of pattern and it has also not retested the previous ATH...
Japanese Yen to Indian Rupee pair (JPYINR) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI. The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 0.6140 on the JPYINR spot pair. SL may be kept above Friday high, around 0.64.
February 15 or 16 Big movement in banknifty and Nifty Trade base price action(up or down) confirmation But movement is very big either up or down Trade base on price action confirmation
The weekly chart of HDFC is exhibiting rejection of the bulls for the last five weeks. This can also be seen in the rising wedge which is forming on the Daily chart. Further, this type of price action is also forming at the completion of 61.8 AB=CD harmonic pattern. The thesis is bearish with target of point B of the harmonic pattern at 2507.
ICICIBANK has exhibited breakdown from rising wedge on weekly chart. Bulls got rejected this week, increasing the chances of breakdown. Wedge breakdown price target zone: 843.
Hello Traders! 1. We see an Elliotical rising wedge completed. 2. A clear impulse down . We can expect at least one more impulsive wave even if it happens to be a zigzag correction and not an impulse down. 3. A retracement of 61.8%. 4. The invalidation level and target levels have been marked on the chart . 5. This is not a very long term trade ....
There are some reasons for shorting Nifty, Reasons :- 23.6% Fibonacci rejection level, Rising Wedge, Multiple time tested support zone, Rejection zone, There is a High Probability of breaking support.
Hello Traders! 1. The US30 market is on the verge of completing its 2nd wave of Wave C of the complex correction as originally published in a prior idea (link attached). 2. We see an ending diagonal forming in the 1hr tf at the moment. 3. Also, wave 4 often divides an impulse into harmonic ratios. There can be that possibility with the division of 61.8%...
Rising Wedge Breakdown Negative For Long Term And Short Term, RSI Also Weak. Sell Positional With Stop ~ 2580, For Target ~ 2350. Expected Time Jan Expiry.
btc move expected in few trading sessions consolidating since 2 weeks
ETH has given a breakout of a rising wedge, Lets wait for a rejection from the supply zone and can look for a downside of up to 1040$ for the short term and 1110 for trading If this analysis helped you then do follow and like.