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KRBL LTS- Falling Wedge Breakout | Trend Reversal Signal Ahead?KRBL LTD – Falling Wedge Breakout 💥 | Trend Reversal Signal Ahead? 📅 Published on: April 17, 2025 📈 Technical Analysis: KRBL has shown a bullish breakout from a long-term falling wedge pattern on the daily chart — a classic reversal pattern signalling a potential upward move after prolonged consolidation. The breakout candle is supported by strong volume and a bullish RSI setup. Pattern: Falling Wedge (Bullish) Breakout Price: ₹306.60 Previous Resistance Line: Now acting as support Breakout Volume: 1.45M (above average) 🧭 Key Support & Resistance Levels: Immediate Support: ₹290 Major Support: ₹275 Immediate Resistance: ₹315 Next Resistance Zone: ₹330 – ₹345 Trendline Resistance (Broken): ₹300 (now support) 🔍 Indicators: RSI (Relative Strength Index): Current RSI: 66.39 — bullish, nearing overbought zone, shows strong momentum. RSI Bullish Crossover observed in April, indicating accumulation before breakout. 🧠 Price Action Observations: Price respected the wedge formation since March 2024. A strong bullish candle broke above the upper wedge with conviction. RSI confirms strength, aligning with price action breakout. Volume surge supports the breakout's validity. 📌 Strategy (For Educational Purposes): Entry: ₹305–310 (on retest) Stop Loss: ₹285 (below wedge support) Targets: ₹330 ₹345 ₹360+ 📊 Visual Markings & Icons: White Trendlines: Highlighting falling wedge support and resistance. Bullish RSI Tags: Marking key bullish RSI crossovers. Volume Spikes: Notable on breakout day. Breakout Candle: Large green candle breaching the upper wedge line. ⚠️ Disclaimer: This analysis is for educational and informational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:KRBLLong
by PriceAction_Pulse
UPL Rising wedge analysis. Bullish trap possibleChart analysis:- UPL Broadening wedge pattern This pattern may look bullish, but it has hidden bearish signs:- 1. Buyers' exhausting action. Failing to make new highs and breaking out of the last highs. 2. RSI is showing divergence. Price rising, but RSI is falling. 3. Long wicks on top showing selling pressure. In such a case, we can see a pullback to the lower side of the wedge. On the other hand, if it breaks out of 670, it will test the upper side of the wedge at around the 680- 685sh zone. Buy only if the price breakout is accompanied by a volume candle and RSI breaking the level of 65+ This chart is to analyse the possible trade setup on either side of the breakout of the wedge pattern.
NSE:UPL
by AbsoluteAnalysis
SHRIRAMFIN Swing Trade (14.6%)After forming a Head & Shoulder pattern, retail sellers got trapped and that becomes the liquidity for next up-move from the institutional demand zone. So the trend is up. Recently good liquidity sweep happened which can fuel next up-move in short term. With 1:3 Risk Reward and potential 14.6% up-move. Only if Nifty holds current levels. ie it does not go below 22,700. Otherwise exit this trade. Follow for more such setups, comment your thoughts.
NSE:SHRIRAMFINLong
by gauravxtrades
2
BRIGADE – Falling Wedge at Demand Zone, Waiting for BOSSetup Type: Reversal + Breakout Play | Conviction: Medium-High (Needs Confirmation) Chart Framework: Smart Money + Classic TA BRIGADE is showing signs of a potential trend reversal, but we’re not jumping in yet. Here's what the chart tells us: 🟡 Falling Wedge Formation – A bullish reversal pattern that typically resolves to the upside. 🟢 Tapped into a Strong Order Block – Smart money territory where previous accumulation took place. 🧲 Liquidity Grab Below Prior Lows, but... Volume on Bounce is Weak – Sign of caution. 📢 Analyst Rating: STRONG BUY – Adds institutional bias to the bullish setup. 🔐 No Confirmed Break of Structure Yet – Enter only after a clean breakout above ₹1050. 📈 Trade Plan: Wait for a strong BOS (Break of Structure) and price closing above ₹1050 with volume. Target zone near ₹1440+ aligns with measured move of wedge and previous supply. ⚠️ This is a setup with potential, but it’s not “ready” yet. Don't front-run smart money — let price confirm before jumping in. Risk management is a must.
NSE:BRIGADELong
by Trading_Mentor_Amaan
3
Tata Consumer Prod. - Chart of the WeekNSE:TATACONSUM has a beautiful structure in the Weekly Timeframe that qualifies for my Chart of the Week idea. It saw Decent Volumes this week and closed above its recent swing high, with RSI and MACD Trending Upwards and Closing Above all Major Moving Averages. About: NSE:TATACONSUM is one of the leading companies of the Tata Group, with presence in the food and beverages business in India and internationally. It is the second-largest tea company globally and has significant market presence and leadership in many markets. In addition to South Asia (mainly India), it has presence in various other geographies including Canada, the UK, North America, Australia, Europe, the Middle East and Africa. F&O Activity: Significant Shorts are getting covered with 1050 PE OI Increasing Significantly. Trade Setup: It is Forming Like a Falling Wedge, it can test the upper edge and can give a good swing towards 1186-1190 Levels. So buy on Dips Until it closes below the Swing Low, ideally around the Marked Green Levels. Target(Take Profit): Around the Upper Edge of the Falling Wedge. Stop Loss: Swing Low Levels around 950-930. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:TATACONSUMLong
by Karanshah137
2
Rainbow Hospitals - Rising Wedge PatternRainbow Hospitals is making a Rising Wedge Pattern which is a bullish pattern and as per it we can expect Target of 2500+. Other factors: 1. One of the best Pediatric Hospital Chain in India. 2. Fundamentally strong stock with QnQ great results 3. Capacity expansion of 50%+ bed increase with state of art hospital in Gurgaon 4. Acquisition of hospitals in north east & Hyderabad 5. Technically a rising wedge pattern which is a bullish pattern Based on fundamentals & technical analysis this stocks is looking great. Do keep in your radar!! Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right Price!! Cheers!!!
NSE:RAINBOWLong
by Cleaneasycharts
Mankind Pharma - Breakout out of Falling Wedge PatternMankind Pharma is one of the 4 largest Pharma from domestic market perspective. It has fallen 30% from peak price, but has recently given BO from fallen wedge pattern. This looks a great stock: 1. 4 brands are having top market share and growing 2. First Co. to make oral anti-obesity medicine 3. Acquisition of BSV has made a very strong hold in women healthcare 4. Best YoY results with rising EPS Technically also, Pharma sector looking strong and especially top 5 Indian Pharma Industry companies which includes Mankind Pharma. Keep this in your radar. Keep following @Cleaneasycharts as we prvoide Right Stock at Right Time at Right Price!! Cheers!!
NSE:MANKINDLong
by Cleaneasycharts
1
USDJPY bearish signsUSDJPY might start the solid downtrend. Gradually falling down with falling wedge pattern breakdown. But dont get fooled and short immediately. It will give one healthy bounce too for the 0.23 fib levels as RSI also suggesting bit of oversold zone here, if it has to fall it will give one technical bounce. We have to observe it there closely if it rejects there or sustains above it. But as per my analysis slowly now trend is becoming bearish as per the weekly & daily chart analysis. As there is double top rejection is visible too in the chart.
by ashishhc
TSLA Chart analysis -Daily Falling wedge BreakDown Target doneThis is a daily candlestick chart of Tesla Inc. (TSLA) with some technical analysis annotations. Here’s a breakdown of the key insights: ### **1. Price Action and Pattern:** - The chart shows a descending triangle pattern that broke downwards. - After breaking down from the triangle, the price dropped by **-113.47 points (-31.11%)** from the breakdown point. --- ### **2. Key Gap Zones:** - ✅ **Gap 255 – 275 Range** - Price recently filled or tested this gap zone. - Currently consolidating near this range. - ✅ **Gap 242 – 218 Range** - If the price breaks below the current zone, the next key support is in this lower gap range. --- ### **3. Volume Profile:** - High volume nodes are visible around **326–275**, suggesting strong historical trading activity (potential resistance). - Current price near **262.67** shows declining volume, indicating possible indecision or lack of strong buying interest. --- ### **4. Support and Resistance Levels:** - **Support:** - Around **250.71** (previous low) - Next major support at **209.84** - **Resistance:** - **273.35** (prior support turned resistance) - **325.61 – 326.46** (volume profile resistance) --- ### **5. Volume Trend:** - Volume has been elevated during the recent sell-off, indicating strong selling pressure. - A reversal would need to see increased green volume and a hold above the 255–275 range. --- ### ✅ **Outlook:** - If the price holds above **255**, a bounce toward **273–275** is possible. - A break below **250** could trigger further downside toward the **242–218** range. - Watch for volume confirmation and reaction near support/resistance zones for directional bias. ---
NASDAQ:TSLA
by Vem_TA_Charts
JUBLPHARMA Ready for an Up Move?Hello fellow traders, I hope you are all doing well. Key Observations: 1. Strong Support Zone: JUBLPHARMA has reached a strong zone that previously acted as resistance and could now turn into support. 2. Chart Pattern: A falling wedge pattern is visible, which is typically a bullish reversal signal. We can also see that the breakout has already happened and now the price has come to retest. 3. Bullish Engulfing Candle: On the weekly time frame, we see buying pressure emerging, confirmed by a Bullish Engulfing candle. 4. Entry Point: A good entry could be above ₹1010 for better confirmation of the uptrend. 5. Targets: The potential targets are already marked on the chart as T1, T2, and T3 . As this is my first published idea, I kindly ask you to ignore any mistakes, and I will strive to improve in the future. Disclaimer: This is purely an analysis and not investment advice. Please trade with due diligence and manage your risks carefully. I hope you like my work, Thanks in advance. Best regards - Anantesh
NSE:JUBLPHARMALong
by Ananteshm
7
The Falling Wedge Pattern: A Guide to Catching Bullish BreakoutsFalling Wedge Pattern: A Continuation Chart Pattern Hello Traders! In today's post, we’ll explore the Falling Wedge Pattern , one of the most reliable continuation patterns that traders look for during uptrends. It’s an important tool for identifying potential breakout points in trending markets. If you want to learn how to trade these breakouts effectively, mastering the Falling Wedge is essential. The Falling Wedge pattern typically forms during an uptrend and consists of converging trendlines, where the price makes lower highs and lower lows. However, despite the price being pushed lower, the momentum starts weakening, and eventually, the price breaks above the upper trendline, signaling a continuation of the prevailing uptrend . What is the Falling Wedge Pattern? The Falling Wedge Pattern is characterized by two converging trendlines, where the upper trendline slopes downward more steeply than the lower trendline. This pattern shows a decreasing range between highs and lows, and when the price breaks above the upper trendline, it indicates a continuation of the uptrend . Key Characteristics of the Falling Wedge Pattern Uptrend Prior to the Pattern: The Falling Wedge pattern forms during a strong uptrend , signaling that the market is taking a brief pause before resuming the previous momentum. Converging Trendlines: The pattern consists of two downward-sloping trendlines that converge, with the upper trendline steeper than the lower one. This shows that the selling pressure is weakening. Breakout Confirmation: A bullish breakout occurs when the price breaks above the upper trendline, signaling the continuation of the uptrend . Volume Increase on Breakout: The breakout is confirmed when there is an increase in volume, indicating strong momentum behind the move. How to Trade the Falling Wedge Pattern? Entry Point: The ideal entry point is when the price breaks above the upper trendline, confirming the bullish breakout . Stop Loss: Place your stop loss just below the lower trendline or the most recent swing low to protect your trade from sudden market reversals. Profit Target: Measure the height of the wedge and project that distance upward from the breakout point to determine the price target . Risk Management Considerations Position Sizing: Adjust your position size based on your risk tolerance and the distance between the entry point and the stop loss. Stop Loss Placement: Make sure to place your stop loss in a way that minimizes risk but still gives enough room for the trade to move in your favor. Wait for Confirmation: Always wait for the breakout confirmation, and make sure that the price action is supported by an increase in volume. What This Means for Traders The Falling Wedge pattern is an excellent tool for traders who are looking for reliable continuation trades in strong uptrends. It can help identify breakout points and offer favorable risk-to-reward setups when combined with other technical indicators. Look for the Falling Wedge pattern during uptrends to identify high-probability continuation trades. Confirm with volume to ensure the breakout is backed by strong momentum. Use stop loss placement to manage risk effectively while targeting favorable risk-to-reward ratios. Conclusion The Falling Wedge pattern is a reliable continuation pattern that can help traders identify breakout opportunities in trending markets. By mastering its formation, waiting for the breakout confirmation, and managing risk effectively, you can increase the chances of a successful trade in the uptrend . Have you traded the Falling Wedge pattern before? Share your experiences and thoughts in the comments below! Let’s continue learning and growing as traders!
NSE:ACCEducation
by TraderRahulPal
Nifty!Nifty Simple Explanation Falling Wedge Formation: The chart shows a falling wedge pattern, which often signals a potential bullish reversal if the price breaks above the upper trendline. Order Block (₹24,500–₹25,000): This zone represents strong supply or resistance. If the stock rallies, it may face selling pressure here, but reaching this area could mean a gain of about 28–30% from current levels. Breakout vs Breakdown: Breakout above the wedge indicates renewed buying interest and could drive the price into the order block. Breakdown below the wedge suggests the downtrend remains in control. Overall, watch for a wedge breakout for a bullish move, but be cautious of strong resistance in the ₹24,500–₹25,000 range.
NSE:NIFTYLong
by iVishalPal
NIFTY: At a Crucial Junction After a 13% Correction Topic Statement: NIFTY has corrected 13% from its highs of 26,277 and is now trading within a converging pattern, where a breakout will determine the market’s next major move. Key points: 1. The price is taking support on the long-term up trendline. 2. The price faces resistance as it approaches the short-term down trendline. 3. The two trendlines form a wedge, and a breakout from this pattern will decide the market’s direction.
NSE:NIFTY
by yogeshwar
SHAHALLOYS: Signs of Reversal?Hello fellow traders, I hope everyone is doing well. Please find my analysis for SHAHALLOYS below: Key Observations: 1. Reversal from Support Zone: SHAHALLOYS appears to be reversing from a key support area. 2. 200 Weekly EMA Support: The price seems to be holding around the 200 Weekly EMA, indicating potential strength. 3. Chart Pattern: A falling wedge pattern is visible, which is typically a bullish reversal signal. The breakout and subsequent retest have already occurred. 4. Entry Point: A good entry opportunity could be around current levels of ₹69.19 level. 5. Targets: The potential targets are marked on the chart as T1, T2, and T3. 6. Risk-to-Reward Ratio: The trade offers an attractive R:R of 1:3. Disclaimer: This is purely an analysis and not investment advice. Please trade responsibly, conduct your own research, and manage your risks carefully. I hope you find this analysis helpful. Thank you in advance for your support! 😊 Best regards, Anantesh
NSE:SHAHALLOYSLong
by Ananteshm