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
Wedgeformation
Bank Nifty-Post Wedge Crack from 45500-600 - Buying Opportunity?Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
As discussed over the HDFC Idea
Got an explosive upside move in Bank Nifty & pattern looks to be terminated downside with a falling wedge.
Post wedge- Bank Nifty jumped 1231 points appx. As updated recently we were looking for 1500+ points as logical target upside towards 46500+ out of which it rallied 800+ points in the 1st hour of trading today i.e. 29th Jan 2024
Second Buying Opportunity
Plan your buying trades above 45700 breach on upside or wait for retracement of the the move 44429 to 45660 as another buying opportunity or strategy.
Stoploss
View becomes invalidated if Index drops below 44429 lows - In that case, fall may extend downside further & to be reviewed later.
Expected Upside Target
46500+ with halt in 45500- 45600 zone as suggested over HDFC Idea this morning, holding above 44429 - recent low
From
WaveTalks
Market Whispers! - Can you hear them?
Nifty 50 Analysis!FWB:NSE : NIFTY Weekly Analysis!
Rising Wedge Pattern in Nifty 50 Weekly Chart!
Rising Wedge Pattern with Upside Breakout!
Nifty 50 is trading at its all-time high, don't be greedy in this situation. We can see the strong upside momentum but hold your horses. We can see, I have applied fib retracement on the current price action(prev high and prev low). Now we may face strong resistance at the 20306.05 level because as per price action, NIfty has to establish support at the previous resistance level. Then we should find the following buying opportunities at this level. I have also marked the possible Demand zone on the chart one should consider this level for conservative investing. So as per my suggestion let the Nifty retrace because we are already in the greedy zone. I don't want investors to get trapped in this zone and hunt their stop losses.
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
BankNifty-Selling The Tops with Wedge: The Precise Peak 44650Hello All,
Our tiny heroes reached a majestic peak at 44669 as per last idea published yesterday, just as we imagined in our dreams! This peak was not just a high point, it was a place where they could see the entire playground sprawling below. But as we all know, after reaching the top, there's a thrilling slide waiting! Our numbers decided to swoosh down, and guess where they are heading? Yes, you got it right, towards the fun zone of 44300, our lower band of support we chatted about yesterday! (Precise top at 44669 - What a sight to behold!)
The Rising Wedge close to 44650’s
the Rising Wedge! WaveTalks spotted - this intriguing pattern early on through last idea. It’s like a see-saw that's tilting ever so slightly, warning our number friends to be ready for a possible change in the direction of their play. And guess what? Our assumption came true! The numbers took a fabulous turn, bringing a rush of exhilaration to our adventure! (A fabulous start with a cautious note from the rising wedge)
Intraday Targets
44400
44300
44150
Best Wishes from WaveTalks
Remember, at WaveTalks, we're always listening to the whispers of the waves, sharing the secrets of the numbers' adventurous journeys. We ask, "Can you hear it?"
The Last Idea based on 109 Session Moving Average
Disclaimer:
Trading in financial markets comes with its risks, and one might encounter dips and turns that could result in loss. Always consult with your financial advisor before making decisions in this adventurous playground. WaveTalks encourages a responsible and informed approach to the financial adventure.
Rising wedge in EURINREuro to Indian Rupee pair (EURINR ) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI.
The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 86.8 on the EURINR spot pair. SL may be kept above previous high, around 89.30.
VODA IDEA: BUY ITVODAFONE IDEA has made a falling wedge type pattern on daily time frame and has given breakout from the wedge and has given confirmation of bull run by retesting the breakout zone, so now it is perfectly ready to give a big upmove in coming days . Also it has shown growth in earnings report. Keep accumulating
BUY @ 8.5-8.8
SL 7
TARGET 10,11,12
#KEEPLEARNINGKEEPEARNING
To get more such tips message me on insta- officialkevingada