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Wedge

The Wedge pattern can either be a continuation pattern or a reversal pattern, depending on the type of wedge and the preceding trend. There are 2 types of wedges indicating price is in consolidation. The first is rising wedges where price is contained by 2 ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: the lows are climbing faster than the highs. These wedges tend to break downwards. The second is Falling wedges where price is contained by 2 descending trend lines that converge because the upper trend line is steeper than the lower trend line. In other words: the highs are falling faster than the lows. These wedges tend to break upwards.

Conservative traders may look for additional confirmation of price continuing in the direction of the breakout. The target can be estimated through the technique of measuring the height of the back of the wedge and extending it in the direction of the breakout. A common stop level is just outside the wedge on the opposite side of the breakout.
Einstein15 Einstein15 TOP MANAPPURAM, 60,
MANAPPURAM: MANAPPURAM Rising Wedge
70 0 6
MANAPPURAM, 60
MANAPPURAM Rising Wedge

MANNAPURAM has been respecting the neckline for a while, currently making cup and handle and handle testing 618 FIB level on the neckline. ALso moving in a Rising wedge. With GOLD rallying up it can breakout or do what rising wedges usually do.

praveen.bhatiya praveen.bhatiya TECHM, D, Short ,
TECHM: SHORT Wedge Pattern & Divergence
67 5 11
TECHM, D Short
SHORT Wedge Pattern & Divergence

The stock has formed Rising Wedge and showing continuous divergence. One can short the stock with small SL of high of today for a target of 440 which offers a decent Risk to Reward ratio. Wishing all the mates Happy and prosperous Diwali..

Einstein15 Einstein15 TOP CRISIL, 120,
CRISIL: CRISIL Falling wedge breakout
41 0 6
CRISIL, 120
CRISIL Falling wedge breakout

CRISIL has been moving in a falling wedge for a few months, currrently on its Edge., awaiting breakout/Reversal.

Einstein15 Einstein15 TOP RAYMOND, 60,
RAYMOND: RAYMOND Channel Wedge
70 0 11
RAYMOND, 60
RAYMOND Channel Wedge

RAYMOND is moving in an up channel for a while, now making a wedge on the upper part of the channel. EIther breaking out of the channel or breaking down the rising wedge.

ArunkumarSubramanian ArunkumarSubramanian TATACHEM, 60,
TATACHEM: TataChem - Price going down Short Term
42 0 0
TATACHEM, 60
TataChem - Price going down Short Term

Each time it hits the trend line and moves down. Also on hourly chart, it is forming rising wedge.

Essjay Essjay SUNFLAG, D,
SUNFLAG: Sunflag Industries Wedge pattern on daily chart
49 0 2
SUNFLAG, D
Sunflag Industries Wedge pattern on daily chart

A rising wedge is being formed on daily chart for NSE:SUNFLAG Need to see if the upper line of resistance is respected by the price, or it breaks this pattern

Einstein15 Einstein15 TOP LICHSGFIN, D,
LICHSGFIN: LICHSGFIN Falling Wedge
128 2 15
LICHSGFIN, D
LICHSGFIN Falling Wedge

LIC HSG has been in a downtrend-correction for a while, testing the 200 EMA. Juts bounced above it,probably ending its correction considering the lifetime charts,If only it can hold above 200 ema Currently on the edge of the wedge, awaiting a breakout/reversal.

Einstein15 Einstein15 TOP RELIANCE, 60,
RELIANCE: RELIANCE Breakout
157 0 12
RELIANCE, 60
RELIANCE Breakout

Moving sotra in a wedge, its approaching its sup/resistance level.

Einstein15 Einstein15 TOP INDUSINDBK, 60,
INDUSINDBK: INDUSINDBK Falling Wedge Breakout
84 5 9
INDUSINDBK, 60
INDUSINDBK Falling Wedge Breakout

INDUS BANK after iss moving in a falling Wedge. Currently on the edge of Breakout/reversal zone.

Einstein15 Einstein15 TOP NATCOPHARM, 15,
NATCOPHARM: NATCOPHARMA Wedge
65 0 6
NATCOPHARM, 15
NATCOPHARMA Wedge

NATCO PHARMA is moving in a symmetric triangle/wedge, price action separated distinctly by a median. Its in a consolidation afetr a long leg up. So its a flag on higher timeframe . Currently on the median again, for a breakout /reversal.

Bravetotrade Bravetotrade TOP NIFTY, D,
NIFTY: GANN, ELLIOT and THE TOPPING PATTERNS
484 31 20
NIFTY, D
GANN, ELLIOT and THE TOPPING PATTERNS

I always love to trade such a chart but on 5 min. time frame :) Not possible ?? Yes, its possible.. but we will discuss on this topic later in some other post. CORRECTIONS and the ELLIOT COUNT: In this chart I can see three major correction. Each one having a different topping pattern. The first correction has a Rising Wedge; the second has Triple Top and the ...

Einstein15 Einstein15 TOP TITAN, 60,
TITAN: TITAN Expanding Wedge
78 0 5
TITAN, 60
TITAN Expanding Wedge

Titan has been moving around the neckline for over a month now, forming a rising wedge. Currently on the neckline, waiting for breakout or reversal.

GSKASAR GSKASAR OFSS, W, Long ,
OFSS: #OFSS - Falling Wedge
14 0 1
OFSS, W Long
#OFSS - Falling Wedge

OFSS has formed falling wedge pattern on weekly chart & looks like this time it will finally breakout and head upwards.

Einstein15 Einstein15 TOP KOTAKBANK, 240,
KOTAKBANK: KOTAKBANK Expanding Wedge
104 10 7
KOTAKBANK, 240
KOTAKBANK Expanding Wedge

KOTAK BANK is moving in a rising expanding wedge for over four months now. following parallel channels inside.

Einstein15 Einstein15 TOP ESCORTS, 60,
ESCORTS: ESCORTS Rising Wedge
137 0 6
ESCORTS, 60
ESCORTS Rising Wedge

Escorts is moving in a rising wedge. Currenly on the top of median line , forming a small channel zone.

Einstein15 Einstein15 TOP BHARATFIN, 15,
BHARATFIN: BHARATFIN  Wedge Breakout
102 1 7
BHARATFIN, 15
BHARATFIN Wedge Breakout

BHARATFIN is moving in a falling wedge.

Einstein15 Einstein15 TOP WOCKPHARMA, D,
WOCKPHARMA: WOCKPHARMA Breakout
104 0 7
WOCKPHARMA, D
WOCKPHARMA Breakout

WOCKPHARMA is moving in a long term falling wedge. Currently testing its edge, and the green support/res level

Einstein15 Einstein15 TOP IGL, 120,
IGL: IGL Expanding Wedge n Channel
90 0 7
IGL, 120
IGL Expanding Wedge n Channel

IGL is moving in a long going expanding wedge. Recently made the lifetime high of 1441. Breakout from channel can mark the start of the leg down in the wedge. A reversal will lead to the retest of the lifetime high values.

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