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...