Get started

Wedgebreakout

Perfect Time for a Long Entry.Natco Pharma has clearly turned it's way now, after a fall of more than 20% from it's ATH, is has shown some good reversal confirmations, first being it has take rejection form Fibonacci 0.5 level as well as From it's Important Support Zone, Second being formation of two Bullish Chart Pattern i.e. Inverted Head & Shoulders and Falling Wedge pattern and it has given breakout of these pattern too. There are higher probabilities of it going towards a New ATH.
NSE:NATCOPHARMLong
by Trading_Mentor_Amaan
2
Suzlon.. currently in Falling Wedge. Looking at this chart of Suzlon Energy Ltd. on NSE, here are some key observations: 1. **Falling Wedge Pattern**: - The recent price action shows a falling wedge, a pattern characterized by converging trendlines sloping downwards. This often suggests a potential bullish reversal if the price breaks out above the upper trendline. 2. **Uptrend Channel**: - The price is still within a broader upward trend channel, indicating the overall bullish trend is intact despite the recent correction. The current price is approaching the lower boundary of this channel, which could act as a support zone. 3. **Volume Analysis**: - Volume seems to have decreased during the recent downtrend. A breakout from the falling wedge with increasing volume could further confirm bullish momentum. 4. **Relative Strength Index (RSI)**: - The RSI is showing a bullish divergence; while the price is making lower lows, the RSI is making higher lows. This divergence is often a precursor to a potential price reversal. 5. **Support Levels**: - The price is near the lower trendline of both the falling wedge and the broader upward channel, around the INR 62–65 range, which could serve as a strong support zone. 6. **Potential Trade Setup**: - A breakout above the wedge with strong volume could provide a good entry point for a bullish trade. Alternatively, if it fails to break out, monitoring the lower boundary of the channel as support would be essential. In summary, the chart shows signs of a potential reversal if it breaks out of the falling wedge. Watching for a breakout with volume confirmation and monitoring the RSI divergence will be crucial for validating the bullish case.
NSE:SUZLONLong
by brijmohan_h
BAJEL - falling wedge Breakout - DailyThe chart of **Bajaj Electricals (BAJEL)**, as shown in the uploaded image, displays a well-defined technical pattern. ### Key Observations: 1. **Uptrend Channel**: The price action is contained within an ascending channel, marked by parallel yellow trendlines. This signifies an ongoing uptrend, with the stock making higher highs and higher lows. 2. **Breakout**: The stock has broken out from the downtrend or consolidation pattern that formed between Oct 1st 2024. This breakout suggests a possible continuation of the uptrend, which is also supported by increased volume near the breakout point. 4. **Price Targets**: - The stock is currently near the 286 INR level, and the next potential resistance level appears to be near **324.70 INR**, which is derived from the channel and measured moves. - The stock has shown a percentage price change of **23.65%** from the breakout, with potential to test higher levels. 5. **Support**: The stock has found solid support around the **236 INR** level, making this a key level to watch in case of any pullback or retracement. 6. **Relative Strength Index (RSI)**: The RSI indicator at the bottom shows a strong upward movement, indicating that the stock is gaining momentum. If it reaches overbought levels (above 70), some consolidation may occur. This overall analysis shows a **bullish outlook** for BAJEL, particularly given the channel breakout and technical pattern formations. The next levels to watch would be the **324.70 INR** resistance and possible retesting of support levels around **236 INR** if a pullback happens.
NSE:BAJELLong
by VCharts_TA
ANTONY WASTE - RISING WEDGE FOLLOWED BY FALLING WEDGE (BO)Hi All, This idea is about Antony Waste Handling Cell Ltd Fundamentals Market Cap - 1419 Cr Stock PE - 16.5 ROE - 16.3 ROCE - 13.9 Promoter Stake - 46.1 Quick Ratio - 1.3 D/E - 0.78 Antony Waste Handling Cell Ltd is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project and undertake the designing, construction, operation and maintenance of the integrated waste management facility in Kanjurmarg, Mumbai. Technicals Since June 23, the price action followed a rising wedge & then the pattern changed to falling wedge since Feb 24. With the Daily price action it seems to be coming out of falling wedge formation & developing a new pattern Immediate targets are marked as T1 and T2. Would suggest the price to rise atleast 3% post closing to confirm the continuation. Happy Trading, Thanks, Stock-n-Shine
NSE:AWHCLLong
by Stock-n-Shine
MRF - FALIING WEDGE BREAKOUTHi All, This idea is about MRF Limited Market Cap - 54 891 Cr Mcap/Sales - 2.18 P/E - 26.4 ROE - 13.2% ROCE - 16.9% Promoter Holding - 27.8% EPS - 4907 Quick Ratio - 0.79 D/E - 0.17 Technicals Price reversal breakout is seen on daily chart of MRF. It continued in falling wedge pattern & then price broke out of the upper channel with heavy volume. This could signal a price reversal at this point Price has corrected almost 15% from its peak Happy Trading, Thanks, Stock-n-Shine
NSE:MRFLong
by Stock-n-Shine
Bottom Wedge - Bullish Signal!Honda India Power Products Ltd The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. Pattern : Bottom Wedge Shows two converging trendlines as prices reach lower highs and higher lows. This pattern may suggest a slowing of downward momentum and a possible upcoming upward price movement. Traders often look for breakout points above the upper trendline as a signal to enter a long position. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:HONDAPOWER
by hardeepssethi