Short Bajajfinsv Below 5550 Stop-loss: 5745 Target 1: 5160 Target 2: 4955 Risk 3.50% & Reward 10.75 % RR Ratio - 1: 3 RR is Calculated on 2nd Target. Reversal or Continuation Pattern Rising Wedge Prices are moving upward, forming higher highs and higher lows, but the price is confined within two lines which get closer together to create a pattern. This...
INFOSYS IS SELL FOR TARGETS OF 590-550. REASONS: 1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN). 2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START. STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"
Rising Wedge: Target 250 levels; SL:345 Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
According to the double top formation, the target is 312, which is yet to be achieved. In case that is achieved that would mark as a breakdown for the rising wedge thereby indicating more downtrend. As per the Rising wedge target: 265 Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
possible big move downwards if weekly trend line is broken.
Ether is currently trading in a well formed rising wedge. This is an indication of a bearish move and there are possibilities it may breach the bottom trend line (orange). If it breaches it then it will find support at fib level 0.618 (~$693). 2nd support could be found at fib level 0.5 (~$676). These support levels could be possible reversal zones for Eth (The...
The stock has formed Rising Wedge and showing continuous divergence. One can short the stock with small SL of high of today for a target of 440 which offers a decent Risk to Reward ratio. Wishing all the mates Happy and prosperous Diwali..
I always love to trade such a chart but on 5 min. time frame :) Not possible ?? Yes, its possible.. but we will discuss on this topic later in some other post. CORRECTIONS and the ELLIOT COUNT: In this chart I can see three major correction. Each one having a different topping pattern. The first correction has a Rising Wedge; the second has Triple Top and...
Rising Wedge pattern on Granules India and the price will fall after taken out the pattern.... Trade: Short - 132 Target 1 - 120 Target 2 - 106 Stop loss - 145
Rising Wedge pattern on DHFL and the price will fall after the breakout of pattern. Trade: Short below - 442 Target 1 - 427 Target 2 - 410 Stop loss - 461
Rising Wedge pattern on Indian Bank and if the price break the pattern, it leads to hit 295. Trade: Short - 309 Target - 295 Stop loss - 317 Reward Points - 14 Risk Points - 8
Rising Wedge pattern on Nifty and if breakout happens, then it leads to fall. Trade: Short level - 9904 Level 1 - 9886 Level 2 - 9865 Stop loss - 9920
It is been observed on the daily chart that the price action is breaking out from a rising wedge indicating a further bearishness and weakness ahead. Target 1: 1500 Target 2: 1480 Stoploss: 1560
Enter the direction of breakout , usually rising wedges breakout to downside, but lets see. The advantage of anyside breakout trader and not guessing direction is , you can make money on anyside even if one side ( false break ) happens.
Rising Wedge Pattern formation on SRTRANSFIN and lead to fall once if broken the pattern. But MACD not clear bearish, seems bearish on bullish trend. Trade: Short below = 1057 Target 1 = 1044 Target 2 = 1032 Stop loss = 1067
Rising Wedge on TCS and showing bearish trend on indicators. Trade: Short below - 2262 Target 1 - 2215 Target 2 - 2171 Stop loss - 2326 Reward Points = 91 Risk Points = 64
Let me ask this first, How many of you are frustrated bcos of almost no movement in Nifty ?! Almost we are stagnating within 100 point range from Oct 19th. Intra's will be having chances here n there but positional ones will be irritated to the core bcos of no movement & no trade setup emerging out of Nifty. B's Shopping Theory : Am not sure about the exact...