Nifty Falling Wedge formation on 30 min TF. Go long on breakout by keeping 17760 as your stop loss. There is also Triple bottom marked on the chart, which gives us double confirmation of reversal of trend.
1. Rising wedge 2. Inside candle @ 1hr 3. Important support -18080 and 18000 4. Closed above 50 MA 5. Downtrend in 1 day The nifty 50 is continuously moved upside, looking closely we can see that it is moving in a wedge pattern i.e RISING WEDGE. Taking Support at 50 MA and ending up with an Inside Candle bar pattern. Important levels to trade - BUY above 18150...
Gold bears struggle inside a one-month-old rising wedge bearish formation, recently bouncing off the support line. The 21-DMA adds strength to the confirmation point near $1,770, which is the lower line of the pattern. A clear break of the same could trigger a slump toward nearly four-month-long horizontal support surrounding $1,730. Following that, the $1,700...
Gold buyers appear running out of steam, despite grinding around $1,770 of late. That said, the metal portrays a one-month-old rising wedge bearish chart pattern, recently poking the support line of the formation surrounding $1,773. However, the 100-SMA acts as an extra filter towards the south near $1,763 before directing the metal bears toward the theoretical...
Banknifty Spot Bullish Flag Breakout done for long term can look for retest around 37000-37300 levels for safe players with good risk to reward ratio for such more analysis s m s 9 1 6 3 3 8 8 9 9 6 Disclaimer : only for educational and learning purpose
Canara bank started its upmove from levels of 80 and now it trading around levels of 310 almost have given a rally of 4times in last 2 years Now on weekly time frame counter is trading around resistance levels of descending trend line, which is around 310-325 levels, in last one week counter is consolidating in range 303-315 levels and now able to sustain...
AUDUSD rebounds inside a three-week-old falling wedge bullish chart formation and it becomes more important for the short-term buyer’s return as the quote is around the 2.5-year low. It should, however, be noted that only an upside break of 0.6290 hurdle won’t be enough to convince bulls as a horizontal area surrounding 0.6345-65 appears a tough nut to crack for...
USDCAD retreats from the highest level in 29 months as bulls appear to run out of steam. That being said, the recent moves of oscillators and the rising wedge bearish formation on the top teases sellers at the multi-month top. However, a clear downside break of the stated pattern’s support line, around 1.3930 by the press time, as well as the smashing of the...
JUBLINGREA breaks out from 1 year old falling resistance line. It is also looking like a falling wedge pattern. Initiate long after bullish confirmation. Be cautious of earnings.
TEXRAIL SHARE buy opportunity 46 level and long term investment big profit exception my view and other technical view so comments box
ITC after long support of 20DMA now closed a candle below 20DMA in the 1-day chart. On the lower side, we can see a trendline breakdown too and 50 DMA is our next TARGET. Also, 10DMA crossed the 20DMA in the 1-day chart now we can trade for short up to lower support line. The evening star candle was formed, showing a downtrend later on a Doji and a gap down...
This is an education post of understanding some possible reasons when a correction happens _____________ Few Reasons for Nifty's Bearish Outlook (Short term) 1. Negative RSI Divergence - Price goes up and RSI goes down 2. Break of Rising Wedge Pattern 3. Break of previous swing low (17160) 4. Previous peak rejection making the 18100 as a double top 5. MACD...
NSE:SRTRANSFIN The price has given the breakout from the wedge pattern after giving the breakout from the Triangle pattern. Other Information is given in the chart.
I am overall bearish in BTC, but as per now a falling wedge structure is formed, which might result into bullish momentum.
Banknifty's upmove from mid Jul (from ~ 32400) has been impulsive - either a wave 1 of a new bull market or wave C of X of an ongoing correction ( heading to 30000-32000 region) Whichever the case, the immediate direction is down if todays high of 40753 is intact. The ending diagonal is clear and should soon resolve to the downside. Expect an initial target...
From past one year stock was trading in a channel and finally it has managed to close above this channel. Breakout happened on 19th Aug, today price have closed above breakout candle indicating a strong upside momentum in the stock. Price level of 270-260 should act as immediate support. All possible targets are marked on the chart. Ideal Stop loss can be at...
Tinplate has made a good pattern in recent days. Held strongly by a support. Watch out for breakout. Chart pattern and levels mentioned in chart. Follow strict risk management.
CGCL - Swing trade Breaking out after a good consolidation. A good RR ratio trade.