Hero MotoCorp has been in down trend for the last couple of years. It has been consolidating at a strong support zone forming a wedge over the last 4 months.
The wedge is now broken. It is certainly worth confirming the breakout is sustainable and then join the LONG ride!
Falling wedge breakout.
Rsi Indicator is at strong zone.
Buy at Current levels.
Target 707 first. If it crosses, 800 is a good possibility.
Keep trailing stop loss now of 660 then the future targets.
Happy investing!
Bombay dyeing has been forming a wedge pattern after a big fall.
The wedge pattern is now broken and is a good sign of trend reversal. Time to go long!
Hello All,
Excited to come up with new video - "Destiny or Demand Leg Repeats@10900-10925" - All explained in 10 mins video.
Let's get started.
Key Resistance Zone - 10980 -11000
Key Support Zone - 10825-10850
Second Layer Resistance Zone - 11080-11100
Second Layer Support Zone - ...
Hi there,
As you can see with the help of falling wedge pattern,
we Have Use 1 Week Time frame , where we can see a Perfect falling wedge pattern,
if BTC follow this Pattern we can see some Bullish move in Upcomming 2 to 3 Months
But if BTC Break this Pattern in Downword Direction then we can see Major Dump in BTC.
Note: This is only for Educational...
The 4-hour chart of EUR/GBP is in an ascending channel formation.
The centre median of the channel is acting as a good support.
As per our analysis we expect it to bounce back from the support to top of the channel.
Pls see the chart. Wedge pattern breakout given on the chart for that target 1&2 given. Double bottom will confirm, when it breaks the 913 levls for that target given on the chart. Weekly MACD cut and daily MACD crossover helps to reach the target and weekly low RSI and CCI helps to reach the mid term target.
Vijayaraghavan
Kovilpatti.
Adani power may move upto target(shown in graph). Wedge pattern breakout done already. Descending channel breakout may happen upcoming days. Both pattern shows same target only.
Vijayaraghavan,
Kovilpatti
With Good fundamentals, impressive results and robust order book growth of 75%(9-month YoY).
This falling wedge(approx) WITH converging MACD looks like a sound bet to go long in the near term.
Scrip has formed a classical bullish wedge formation and the break out of the wedge is also supported with volumes
Low risk entry for indicated targets . Seems to be a good trade !
Tata Power at Long Term Breakout from falling wedge pattern. Though it has fallen from upper edge quite a few times, This time it seems to have broken out.
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