Probable 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...
Stock has broken previous swing high (acting as resistance) and also the rising wedge formation with high volumes.
Looks good to break ATH of 327 in coming sessions
SWING - Target 340, 350 SL 299
Intraday - 327 above 321
P.S. Can accumulate at lower levels as well if stock comes down to 305 levels for pullback before again moving up
Rising wedge pattern on INDUSIND BANK 1 hr timeframe.
this is not advice. I'm in a learning phase and am looking for suggestions. and feedback.
also on the same chart at 5 min timeframe, there is a descending triangle pattern indicating bearish momentum and downside breakout.
XAUUSD : xauusd is currently going to sell down for beyond the technical analysis XAUUSD sell down
1. Trend reversed into the down trend
2. Continuation Pattern : rising wedge formed..
3. xauusd is corrective wave also completed to going down.........