- A breakout from the Rising Wedge on Weekly time frame with volume. - Relative Strength beating the index.
Bpcl has rising wedge on daily timeframe... but currently trying to break supply zone, let see how it react. Target on chart...
Breakout from a Rising Wedge. Breakout from a Darvas Box. Bullish Hidden Divergence. Strong Volume Candle.
A range formed on weekly levels is broken with the big bullish candle. A wedge pattern is also formed which is broken. A long trade can be taken. Although much volume explosion is not seen.
A very strong PRICE structure in RBL Bank, after breaking out from FALLING wedge,it has maintained the strength
Ready for 10-20% return in coming days
BajajConsumer daily chart giving RISING WEDGE PATTERN BREAKOUT. Safe level is 212.5 above only PS: All analysis are for educational purpose only.
After a small correction it appears stock might head higher towards 2600/2650/2700 as long as 2480 in not taken on the downside. All trading strategies and ideas shared are to be used at your own risk.
2400 is a very good support zone to enter for long
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LT Foods has give a shallow correction after a good upmove with volumes. Now is has broken the the pullback trendline with increased volumes. Entry: 60 Target: 90 - 100 Stoploss : 48-50 Timeframe:
EURINR seems to have completed a upward tilting wedge, this can resolve downward, Stop level will be 88.59. look for prices to head to the bottom of the wedge
Wallstreet 30 making a wedge pattern and we looking for breakout for go long
Hello friends , Today i have the technical chart Of Muthoot Finance . Friends as you can see here that it was in a down trend but now it can go up because it is making a " Falling wedge " because it has broked its upper trend line and also remember it will go down first and then up from the support price as shown in the picture ,Thus it is also near the breakout...
GUJGASLTD is trading a parallel channel, either side can be traded if penetrates key levels as plotted.
RELIANCE | Looks good for 5% RSI Divergence & can expect a wedge breakout CMP : 2179 SL : 2150 Target : 2270 1:3 risk reward setup
Keep an eye on BPCL it is on its verge of breakout. As you can see their is a formation of triangular pattern which is consolidation for few days not level is shrinking to the verge of breakout.