WITH STOCHASTIC IT IS GIVING BOTH BULLISH AND BEARISH DIVERGENCE MARKED WITH REDLINES :) WELL I HAVE DRAWN 2 TRENDLINES IF UPPER ONE BREAKS AND CLOSES ABOVE IT IN 15 MINUTE CANDLE TARGETS ARE GIVEN FOR LONG AND IF LOWER LINE BREAKS TARGETS ARE GIVEN FOR SHORT AS WELL NOTE: FOR EDUCATION ONLY
A breakout can be observed further upside is expected
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!
LOOKING for an upside breakout from the wedge and a good upside rally!
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!
We can clearly see a rising wedge formation in the chart. Look for breakouts.
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 - ...
The 4-hour chart of EUR/GBP is in an ascending channe l 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.
Wedge breakout. Enter above 771 T1 : 789.00 T2 : 816 CBSL : 763
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
retesing at 40-43,if price sustain at 40-43 we can see 47,51
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.