BIRLAMONEY has given the breakout from the trend line. Traders keep it under the radar.
If we go by the textbook definition of a falling wedge pattern, the price consolidates between two downward sloping & converging lines forming a wedge shape. (Not as difficult as it sounds, just looks at the chart). As per a common understanding of this pattern, the price continues higher after a breakout to the upside. Price action in LIC Housing finance shows a...
Hello Traders, BankNifty making a rising wedge pattern from 9th-March. whenever Breakout happens we can expect a good move. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do SHARE with your trading friends.
Chart coming out of a long wedge. Risk reward good. Adani group stock. Can go places.
Hello All, Index is doing all choppy moves between 18065 & 17800 zone ( which is ongoing or running). A possible assumption can be a falling wedge or ending diagonal. ---------------------------------------------------------- Markets don't work on assumptions ---------------------------------------------------------- As a trader, never assume any...
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NSE:SBIN Learn and Earn . SBIN will correct upto 485 levels. Strong Q2 Results will push SBIN to new highs. @akashkharade03
JKTYRE | Wedge breakout opportunity for 22% CMP : 118 SL : 111 Target : 142 1:3+ risk reward setup
Will become extremely bullish if it breaks the wedge on the upside
EXPLANATION : This is a 4 hour time frame chart of LARSEN & TOUBRO , It has formed Rising wedge pattern breakout also formed head and shoulder pattern . Ideal entry is breakout and retest of Rising wedge pattern & Right shoulder of head and shoulder pattern . Enter as per your setup . If you like this analysis give a Like // Follow for more updates , let me know...
Bullish Wedge breakout. One can trade at a breakout and retest of the wedge pattern and also consider the horizontal resistance line shown in blue.
stock given breakout at both daily and weekly time frame. its trend line break out. support mark on the chart if it close below that level on daily closing basis exit.
Wedge breakout in Gujarat Narmada Valley Fertilizers and Chemicals Ltd.
Wedge breakout in V2 retail Ltd. Good time to take long position.
Wedge breakout pattern in Page industries Limited...
wedge breakout with fix sl no trailing with 1:2 risk riward
Wedge forming on 3H Chart of AFFLE INDIA. BUY CMP, Support 4070, 3950, 3880, 3750. Strong Resistance in the 4300-4400 range. A Daily Close above 4400 will push the price upwards towards the 5000 mark. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
The stock was in a downtrend with contraction between the upper and bottom resistance lines, forming a wedge pattern. It has broken out of the pattern with substantial volumes. Position can be taken near current price, keeping the stop loss near 216 levels, for a short term target of 232.5. Please follow us for more trading setups like these. If you have any...