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Rising Wedge

( Swing )-----#mphasis------wedge Pattern BO Stock- #Mphasis ( Hourly chart ) Date- 13-dec-21 Sector- technology Service Levels To Watch ... Buy - 3326 ( Trendline Support ) 1st Target - 3397 ( Resistance Line ) 5.29 % Strict Stoploss - 3159 ( below Support Zone ) R:R - 1:2 ( Decent Ratio ) Time Frame - few days Things In Our favour 1- Trendline Support & Upside Break 2- Bullish candlestick pattern 3. Trading above all MA 4. BO & retested & now moving 5. Volume support Disclaimer:- All My ideas are for Educational purpose Only & not a Buying or Selling recommendations . Levels are given for tracking only , I'm Not SEBI Registered Analyst .Please consult your Financial Advisor before taking any trades . Check Few More Bo ideas Stocks in My Profile Have a Nice day, ReviveTraders
NSE:MPHASISLong
by UnknownUnicorn27345784
Bank Nifty Daily Chart OverviewHello Traders, hope you all are doing amazing! Today I will be showing you the daily chart overview of BankNifty, so traders as you can see, on the 1D chart a huge rising wedge pattern has been made which has recently broken down to 35327. Now here, I won't say I can see a double bottom but yes, I can definitely see a "W" pattern which will probably hit the lower band of the rising wedge pattern and fall down again, because if I pull a Fibo retracement from up 41871 to down 35257, we can see the retesting of the trendline will happen at the 50% level of the fibo retracement which is another confirmation that bears are really strong now. Lastly, we can see that the 20D MA and 100D MA has crossed and moving downwards, which is another very good confirmation that bears are taking control over the bulls. Now, you may ask where is the market heading to? Well, as of now chances are really high for the market to fall till 34000-33970 which is the immediate support, but as we can also see a W pattern been made, if it is strong enough then bulls will pull it off because if we make another fibo retracement from 30436 to 41894 we can see that 36110 is the 50% level(though it crossed the 50% level, it really seems like bulls failed on their part). So traders, this is what I see on the charts, lemme know what you think. Please share your valuable thoughts and comments. P.s- this is my own analysis and not a buy or sell call, before taking any trade consult with your financial advisor. Rightly quoted by Warren Buffet, "You can't produce a baby in one month by getting nine women pregnant" So guys, trade accordingly, be focused, dedicated and most importantly be patient.
NSE:BANKNIFTY
by rituparna_paul
2
#BNB/USDT CHART !!!In 4hr time frame it is forming a rising wedge pattern and mostly this pattern breakouts in downward but wait for the breakout, if breakout happens in downward that it can go down and i have given support zones you can accumulate in parts and but if it breakout than you can buy at breakout in upward line..... And what breakout means that the pattern or channel in which price is moving from certain days which is going to breakout the pattern in either side if price breaks bottom line of pattern means breakdown(Bearish) and if price breaks top line of pattern it means breakout(Bullish)........
Short
by Mohitvani