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PB Fintech attempts recovery after first major correctionTopic Statement: PB Fintech Ltd (PolicyBazaar) is recovering from its first significant correction following a steady bull run, with price action now approaching key resistance levels. Key Points: 1. The stock retraced to the 50% Fibonacci level at 1300, where it found strong support and began to stabilize 2. A wedge candlestick pattern is forming, and a breakout in either direction could determine the next trend 3. The price faces stiff resistance at the 2000 mark, which may act as a ceiling unless bullish momentum drives a breakout
NSE:POLICYBZR
by yogeshwar
#Silver | Falling Wedge + Inverse H&S = Bullish Cocktail#XAGUSD | 4H Chart Head & Shoulders completed its breakdown target ✅ Price found support at the demand zone, formed a falling wedge breakout, and built an Inverse H&S. Now consolidating right below the neckline, watching Immediate Resistance @48.464 👀 Above this, potential retest of key resistance zone 49.459 – 50.475/50.897 (previous H&S breakdown area). Bias: Bullish above 48.464; confirmation on 4H close 🔥 #Silver #XAGUSD #HeadnShoulders #FallingWedge #InverseHeadnShoulders #PriceAction 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
OANDA:XAGUSDLong
by Stocks_Mario
NIFTY 50 – Intraday level 15min TFNIFTY 50 – Gap Resistance Test After Falling Wedge Breakout Timeframe: 15 min 📌 Key Observations: Falling wedge pattern formed over the last few sessions, followed by a clean breakout with rising volume. Price has now rallied toward the gap resistance zone near 24,880–24,900, where supply previously stepped in. 24,750 is acting as immediate support — the level from where the breakout initiated. Next resistance to watch is 25,138, which aligns with a previous structure zone. 📈 Trading Plan: ✅ Bullish if: Price sustains above the 24,880–24,900 gap resistance Then potential upside towards 25,050 / 25,138 ⚠️ Caution if: Price gets rejected at the gap resistance Watch for pullback retest around 24,750 🔍 Sentiment: Short-term recovery is in play after a prolonged downtrend, but the current zone is a make-or-break resistance.
NSE:NIFTYLong
by misalraj
Cummins India – Wave 4 Expanded Flat Before New ATHFrom the 2580 low , Cummins India has likely started a new impulse sequence . Wave 1 unfolded as a Leading Diagonal , confirmed by messy overlaps and volume spikes. A sharp Wave 2 retracement was followed by a powerful Wave 3 rally to 3900. RSI has held a rising trendline throughout, supporting momentum. Now, price action suggests a Wave 4 Expanded Flat : Wave A dipped from 3900. Wave B exceeded the high. Wave C is projected to retrace into the 3737–3637 Fib zone , offering an entry setup. Trade Plan: Entry levels: 3737–3637 Stop loss (SL): Below 3419 Target (Tgt): New ATH at 4171+ RSI remains constructive — momentum intact unless the trendline breaks. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:CUMMINSINDLong
by WaveXplorer
Hero MotoCorp: Wedge Signals Wave 5 ExhaustionAfter a strong five-wave impulse from ₹3,344 to ₹5,717, Hero MotoCorp appears to have completed a textbook rally, with Wave (5) showing all signs of exhaustion. The final leg developed into a rising wedge , a common terminal pattern that often precedes short-term pullbacks. Momentum loss is also visible on the RSI , which has been forming lower highs within a descending channel — a classic sign of fading strength. From an Elliott Wave perspective, the advance from Wave 4 (₹4,195) to Wave 5 (₹5,717) aligns closely with the 1.0 Fibonacci projection of internal Wave (1), suggesting a complete internal impulse. Should a correction unfold, the 0.382–0.5 retracement zone (₹4,810–₹4,530) — measured from the entire rally (₹3,344–₹5,717) — could become a potential accumulation area for the next bullish sequence (Wave 2 or B). Summary : Wave 5 likely completed inside a rising wedge RSI bearish divergence confirms exhaustion Next potential buy zone: ₹4,810–₹4,530 Structure remains bullish over the long term, but a short-term correction looks due Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:HEROMOTOCOShort
by WaveXplorer
NASDAQ: Webbull Corporation - Long Setup, Reversal SignWebbull Corporation shows signs of a potential long opportunity after forming a Bullish reversal pattern (falling wedge) on the daily chart. Price respecting a trendline, and Volume spurt on last trading session. signaling Bullish momentum. hinting at a possible uptrend initiation. Key Levels to Watch: Immediate support at $12.56 (immediate low) Trade Plan: Enter long above $13.50 on confirmation of bullish candle close. Stop loss above $12.60 to limit risk. Target $18.00 as per falling wedge rule, or trail stop as price moves above. Disclaimer : Risk management is crucial. so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
NASDAQ:BULLLong
by misalraj
"Broadening Wedge Descending Pattern – Route Mobile" (Bullish)🔹 Technical Setup: A Broadening Wedge Descending Pattern has emerged on the monthly timeframe, signaling a potential major trend reversal after a prolonged consolidation. The stock has tested and respected its strongest support zone (₹700–₹750) and is now attempting a breakout, indicating the early stage of a multi-year bullish cycle. 📈 Pattern: Broadening Wedge (Descending) 🧭 Strong Support: ₹700–₹750 🎯 Bullish Target Zone: ₹1,500+ (first breakout confirmation) 📊 Potential Upside: ~90% from support ⚡ Trigger: Breakout above ₹1,500 sustained with business growth momentum 🔹 Fundamental & Business Catalysts Supporting the Breakout: 1) Global Expansion Momentum – Integration with Kaleyra expands Route Mobile’s presence to 100+ countries and strengthens Tier-1 enterprise relationships. 2) Strong Backing from Proximus Group (Belgium) – Adds credibility, global scale, and capital depth for accelerated growth. 3) Technology Edge with Nokia Partnership – Co-developing secure, carrier-grade CPaaS solutions for operators and enterprises worldwide. 4) Enterprise Wins Boosting Recurring Revenue – Projects with IRCTC, L&T Metro, and Nagpur / Hyderabad / Pune Metros in smart ticketing and enterprise communication. 5) Google RCS Collaboration – Reinforces Route Mobile’s role in next-generation, AI-driven messaging ecosystems. 6) New Growth Engine – Konera Platform Launch 🚀 ***Enables seamless API integration for fintechs, enterprises, and developers. ***Offers global communication coverage through a unified API layer. ***Aims to reach 92% of India’s population by year-end, fueling massive digital connectivity and CPaaS adoption.
BSE:ROUTELong
by Jeevyog
WTI Crude Oil – Dual Falling Wedges in Play!🛢️ #WTICrudeOil CMP: $58.25 🟡 S maller Falling Wedge (Yellow) • Breakdown candle formed • Breakdown confirmation on weekly close below $58.22 (low of breakdown candle) • Target: $52.71 • Converges with key price action support zone at $52.48–50.55 • Also aligns with long-term wedge trendline support 🟣 Larger Falling Wedge (Purple) • Still intact • Bullish Breakout confirmation: Weekly close above $77.57 🔽 Support Levels • Immediate: $55.15 • Zones: $52.48–50.55, $45.04–42.93 🔼 Resistance Levels • Immediate: $58.35 • Zones: $60.68, $61.45–61.96, $63.98–66.42 ⚠️ Outlook Short-term bias remains bearish , watching for a weekly close below $58.22 to confirm breakdown. Long-term bullish reversal possible only above $77.57 (WCB) . #CrudeOil | #WTI | #OilChart | #ChartPatterns | #FallingWedge | #PriceAction | #Commodities 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
TVC:USOIL
by Stocks_Mario
#MCXCrudeOil Weekly – Breakdown into Major Support Zone#MCXCrudeOil Weekly – Breakdown into Major Support Zone CMP: 5,246 Crude Oil has broken down from a descending triangle with a confirmed weekly close below 5,308 , triggering target of 4,636 . This move unfolds within a larger falling wedge pattern , adding confluence and signaling potential volatility ahead. This breakdown aligns with two key confluences : 📉 The falling wedge lower trendline. 🟠 A major historical demand zone at 4,692 – 4,499 , which was previous resistance turned strong support on multiple occasions. This make-or-break support zone could act as: 🔄 A reversal zone , potentially triggering a bullish breakout from the wedge. 📉 Or, if breached, it may invalidate the wedge and lead to extended downside. Key Levels: Resistance: 5,903 & 6,184 (price action + wedge top) Support: 4,692 – 4,499 (confluence zone) Breakdown Target: 4,636 (descending triangle pattern) Watch weekly candle behavior near this zone closely for signs of either rejection or continuation . #CrudeOil #MCXCrude #ChartPatterns #FallingWedge #DescendingTriangle #PriceAction #BreakdownAlert #SwingTrading #CommodityTrading 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
MCX:CRUDEOIL1!Long
by Stocks_Mario
Axis bankPrice faced resistance at the 1200 - 1220 zone and falling. In higher time, the price is moving inside an ascending triangle. In a lower time frame, a falling wedge has formed. Both are bullish patterns. Holding 1160 is important for bulls. Buying is risky if the price dont have volume strength. Buy above 1168 with the stop loss of 1161 for the targets 1174, 1182, 1190, and 1198. Sell below 1156 with the stop loss of 1164 for the targets 1148, 1140, 1132, and 1126. Always do your analysis before taking any trade.
NSE:AXISBANK
by vanathi
Asian Paints: Short Setup — Bearish Reversal SignalAsian Paints shows signs of a potential short opportunity after forming a bearish reversal pattern (Rising wedge) on the daily chart. The stock failed to sustain above the resistance near 2600, Formed a Double top pattern. The RSI is showing bearish divergence, signaling weakening momentum. hinting at a possible downtrend initiation. Key Levels to Watch: Immediate support at 2450 (swing low) Further downside target around 2320 if support breaks decisively Trade Plan: Enter short below 2450 on confirmation of bearish candle close. Stop loss above 2500 to limit risk from false breakdown. Target 2320 for conservative exit or trail stop as price moves lower. Disclaimer: Risk management is crucial in this volatile market, so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
NSE:ASIANPAINTShort
by misalraj
3
ETERNAL – Rising Wedge Breakdown Setup | Target: 280The stock has formed a Rising Wedge pattern after a strong rally, with multiple rejections from the upper trendline (marked by red arrows). previous price action shows weakness near the resistance zone, indicating a potential breakdown. 🔹 Key Highlights: Rising Wedge Pattern visible on the daily chart – a bearish reversal setup. Volume surge in recent sessions signals distribution at higher levels. Gap Support at 277 – likely to be tested once breakdown confirms. Immediate Target: 280, aligning with horizontal support. Risk-to-Reward favored on the short side as price rejects resistance. 🔻 Breakdown Confirmation: 277 (Gap level) 241.45 219.22 This setup offers a clean technical short opportunity if downside momentum continues. Suitable for traders looking to capitalize on wedge breakdowns with volume confirmation. Disclaimer : Risk management is crucial in this volatile market, so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
NSE:ETERNALShort
by misalraj
Bajaj Health care falling wedge pattern.Price Action: A "weapon candle breakout" is evident, with the price testing 497.60 INR, supported by a "huge volume" spike, indicating strong bullish momentum. Pattern: A falling wedge pattern is noted, typically bullish, with the breakout suggesting a potential upward trend. Targets and Support: As per chart any dip up to 458 is buying opportunity for Price targets are set at 646 INR (TG1) and 784 INR (TG2). Indicators: RSI (14, close) at 67.72 nears overbought levels. MACD shows a bullish crossover. ADX is in momentum (above 25) with +DI above -DI, confirming trend strength. Like and support.
NSE:BAJAJHCARE
by tradetechnicalanalyst
Hindalco – Monthly Chart | Educational View Near ATH, testing a 20-year trendline — worth studying. Price is trading inside a long-term rising wedge. The upper trendline has acted as resistance multiple times (2007, 2011, 2022, and now). Currently consolidating in a tight range near ATH (~₹775). Volume needs improvement — a decisive breakout above resistance should ideally come with strong volume confirmation. ⚠️ Risks / Watch-outs: Rising wedge patterns can also resolve downwards if breakout fails. Repeated rejections from the same long-term trendline may trigger profit-taking. Without big volume, any breakout attempt may not sustain. 💡 Learning Point: Long-term trendlines and volume behavior are crucial in studying potential breakouts vs. failed attempts. ⚠️ Disclaimer: This post is for educational purposes only. It is not a buy/sell recommendation or financial advice. Please do your own research or consult a SEBI-registered advisor before making investment decisions.
NSE:HINDALCOLong
by sagartharayil
2
UPL Breakout from Falling Wedge: Bullish Continuation Ahead?The chart for UPL Limited (1-Hour, NSE) presents a promising bullish breakout scenario, emerging from a well-defined falling wedge (descending channel). Traders and investors watching for breakout opportunities will want to monitor this move closely as the price breaks above resistance with potential to test higher levels. 1. Chart Pattern Formation: Falling Wedge with Bullish Implication Over the past several trading sessions, UPL consolidated inside a downward sloping wedge pattern characterized by: - Lower highs and lower lows, creating a narrowing channel. - The support trendline consistently held the price near 685–690 levels. - The resistance zone, marked with a red trendline, was tested multiple times before finally breaking out. - This kind of pattern often precedes a trend reversal or continuation to the upside, especially when it forms after a prior bullish move. 2. Breakout Confirmation: Clean Move Above Resistance - Price has broken out of the descending resistance, closing above ₹703+. - This breakout came with a retest of the support and is now showing signs of resuming upward momentum. - The price structure now signals the end of the downtrend inside the wedge and potential bullish continuation. 3. Target Projections Using Pattern Height The measured height of the wedge pattern provides us with two price targets: - Target 1: ₹714.95 The first logical resistance and Fibonacci extension zone. - Target 2: ₹735.25 Based on full height projection of the wedge breakout. These targets are calculated from the breakout level and are aligned with historical price action levels. 4. Stop Loss and Risk Management - Suggested Stop Loss (SL): ₹685.75 Just below the support zone and wedge structure to avoid false breakouts. - Entry Zone: Around current levels of ₹703–704 or on dips near ₹700–701 if retest occurs. - Risk-Reward Ratio: Around 1:2.5 for T2, offering good upside with controlled risk. 5. Key Technical Takeaways - Pattern: Falling Wedge (Bullish Reversal/Continuation) - Breakout Zone: ₹703+ - Support Zone: ₹685–688 - Momentum Bias: Bullish (as long as price holds above support) - Risk Zone: Below ₹685 - Reward Zone: ₹715 to ₹735 Conclusion: UPL Gearing Up for a Short-Term Rally UPL has triggered a classic technical breakout from a falling wedge, backed by a retest and bounce from support. As long as price sustains above ₹685, bulls may drive the stock toward the upper targets of ₹715 and ₹735. The chart offers a low-risk, high-reward setup ideal for short-term swing traders.
NSE:UPLLong
by TradZoo
BANKNIFTY: POSSIBILITY OF RISING WEDGE BREAK DOWN• BN have formed a lower low on higher time timeframe • There are multiple fundamental good news (GST + Strong global market) hits the market, but the upside is limited • A clear rising wedge has formed in BN in lower timeframe • Market is halted near day candle EMA 21. • Any breakdown of wedge in hour candle could trigger a massive down move. • T1 : 53500 and T2: 52086 • T1 is tested multiple time hence the support is weak and chance of breakdown of T1 is extremely high. • Opportunity to short below bottom trendline of the wedge at closer of 1 hour candle below 54656 keeping sl above the candle. • A possible 1: 9.1 RR. • Educational purpose only. Enjoy the market.
NSE:BANKNIFTYShort
by trader_ghosh
Bearish Signal at BreakoutThe AUDCAD is on strong Buy side since the start of this month. Enough to be in overbought area. The Channel / Rising wedge is confirming its strong buy on H1 timeframe. Now we are waiting for the breakout of this Rising Wedge. Yet we will not trade unless it doesn't break its Lower High at 0.9140 which will be the start of our Bearish Trend on H1 time frame. the first target is 0.9080 and 2nd Target is at 0.9026 . I already placed two trades, 1 aiming for target 1 and 2nd aiming for target two. Remember, not to forget to move the SL to Break even after target 1 hits. what about H4 time frame? Well, the above analysis on H1 timeframe may pave the way to break the 0.9102 level which comes in between our Entry and Target 1. If it breaks then we must be sure for our target 2 while trading with 0 risk after moving down our SL to Break even if target 1 hits.
Short
by hameedops
3
HDFC Bank – Rising Megaphone & RSI DivergencePrice structure since 2020 has unfolded inside a broadening rising channel (megaphone type). The latest high at ₹1,018.85 came right at the upper boundary. Price action: A fresh high was made, but momentum did not confirm. RSI: Long-term bearish divergence is visible – each new price high comes with weaker RSI peaks. Still, RSI is holding above the 50 zone and its rising trendline. Implications: If RSI holds above 50, bulls may attempt another breakout above ₹1,018.85. If RSI breaks below 50 and the trendline, the bearish divergence will likely play out with price sliding toward the lower boundary near ₹820–850. This makes the current zone a make-or-break region for HDFC Bank. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:HDFCBANKShort
by WaveXplorer
Nifty - Weekly Review Sep 1 to Sep 5Price action has formed a falling wedge pattern in Nifty. The falling wedge pattern is bullish, and sustaining a price above 24500 is crucial. The zone 24400 to 24500 will act as a choppy zone. Buy above 24520 with the stop loss of 24460 for the targets 24560, 24620, 24680, 24720, and 24760. Sell below 24380 with the stop loss of 24430 for the targets 24340, 24280, 24220, 24160, 24120, and 24080. The main trend is bearish, and the minor trend is bullish unless bulls show their strength. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
4
Bank nifty Rising wedge pattern.Pattern Analysis Rising Wedge Pattern: A bearish pattern typically seen near tops. It shows narrowing price movement with higher highs but declining momentum. Breakdown confirmed as price has fallen below the lower wedge support trendline. Confirms selling pressure and rejection from the top near 57,300–57,500 zone. 🕯️ Candlestick Signals Dark Cloud Cover: A bearish reversal pattern indicating sellers have taken control after a bullish phase. Big Red Candle + ‘M’ Pattern: Bearish engulfing at resistance – strong indication of a top formation. 3 Inside Down Candlestick Pattern at Resistance: Recent red candles have higher volume, confirming institutional selling activity. As anticipated in our previous analysis, Bank Nifty corrected from the 57,000 level to 56,056, validating the bearish setup. It is also expected to short here 56,550 add on any rise up to 57,700-57,950 for target mentioned on chart. Alternative Scenario: Be aware that the rising wedge could potentially break upwards. If the price breaks decisively above the resistance trendline with strong volume, the bearish outlook would be invalidated.
NSE:BANKNIFTYShort
by tradetechnicalanalyst
2