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Rising Wedge

TCS: Rising wedge breakdown?A decently medium term upward trendline originating from November 2020 has recently been broken by TCS. In fact, it seems to have started respecting recently formed downward trendline. After the recent pullback to the trendline and the averages, it is seeing the beginning of another bearish leg downwards. _____________________________________________________________________________________________________________________________________________________ The pattern which has formed resembles a rising wedge and price seems to be breaking down from it. The bearish volume on the latest bar is also above average. It is possible that the downward momentum may continue further for some time. The 20 and the 50 EMA which act as support during an uptrend also seem to be reversing their roles. They are exactly from where price is reacting to the downside, so they may be turning into resistance. _____________________________________________________________________________________________________________________________________________________ Price could see a correction to the round figure level of about 3000. A positional short could be initiated if price sustains below the "SHORT BELOW" level for 15 minutes. SHORT BELOW: 3162 STOP LOSS: 3223 TARGET 1: 3106 TARGET 2: 3045 _____________________________________________________________________________________________________________________________________________________ Plan your trade and manage risk properly. Like and follow for more. :)
NSE:TCSShort
by Tradeception_
Rising Wedge pattern in weekly chart of TCSProbable scenario:- The rising wedge pattern is a probable sign of a strong bearish movement. In the case of TCS, if the price doesn't hold the support line it might go bearish . If the price doesn't find immediate support while retracing it might go for a strong bearish move. Alternate Scenario:- If the price breakouts the resistance level and holds that position for some period then the strong bullish trend might continue which is less probable to happen. Probable scenario: Alternate Scenario = 70 : 30
NSE:TCS
by TradingVoyage
2
Story of Happiest Minds - 100% return 🔥🔥 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 📌 Just analysis or you can say backtesting my patterns and price actions :) no potential trade on these levels + on monthly TF it has moved a lot already which is 100%+ so it might get volatile for a while :) just all the possible trades that could have been traded ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:HAPPSTMNDSLong
by Averoy_Apoorv_Analysis
12
Read chart like a PRO - NATIONALALUM Stock is taken for example and a possible long trade with 8% risk : National Alum ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ Chart Type: Self Explanatory :) ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>
NSE:NATIONALUMLong
by Averoy_Apoorv_Analysis
8