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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.
NeeteshJain NeeteshJain PRO UJJIVAN, D, Long ,
UJJIVAN: UJJIVAN - BROADENING WEDGE IN PROGRESS
869 10 29
UJJIVAN, D Long
UJJIVAN - BROADENING WEDGE IN PROGRESS

It is been observed that the price action is consolidating at the bottom in a broadening wedge pattern. It is at the make it or break it situation. It has good support at 310 levels and then 290 levels. Currently, at a look risk and high potential profit scenario. Now, today's closing shall matter a lot. Target 1: 322 Target 2: 330 Stoploss: 310

raj3elite raj3elite PRO DHFL, D, Short ,
DHFL: Rising Wedge on DHFL
173 2 11
DHFL, D Short
Rising Wedge on DHFL

Rising Wedge pattern on DHFL and the price will fall after the breakout of pattern. Trade: Short below - 442 Target 1 - 427 Target 2 - 410 Stop loss - 461

Einstein15 Einstein15 TORNTPHARM, 15,
TORNTPHARM: TORNTPHARM Falling Wedge
33 0 1
TORNTPHARM, 15
TORNTPHARM Falling Wedge

TORNTPHARM is moving in a channel/fallingwedge for over a week. Probably a trend continuation pattern, giving a good upside move after a breakout, The wedge Can break out in any direction, but upward break seems more logical

AbhishekHSinghCMT AbhishekHSinghCMT PRO TATAMOTORS, M,
TATAMOTORS: TataMotors – E(Elliott)-Pace  – Can Motors Fly for 600+
1337 32 19
TATAMOTORS, M
TataMotors – E(Elliott)-Pace – Can Motors Fly for 600+

WE WON’T MAKE IT.’ ‘No, wait, should we?’ ‘No, we won’t.’ ‘Well, let’s make it!’ This probably was the conversation that took place before Jaguar came to the conclusion that an SUV is a must in their portfolio. Hence the Jaguar F-Pace The immaculate designing skills of Ian Callum & his team won’t stop with F-pace as it gets ready to launch E-Pace. E-pace packed ...

Einstein15 Einstein15 HAVELLS, 60,
HAVELLS: HAVELLS Wedge Breakout
64 0 2
HAVELLS, 60
HAVELLS Wedge Breakout

HAVELLS is moving in a wedge for a couple of months now. Its in the breakdown/reversal zone < i know that phrase is getting old :P >.

Einstein15 Einstein15 IBULHSGFIN, 60,
IBULHSGFIN: IBULHSGFIN Rising Expanding Wedge
50 0 4
IBULHSGFIN, 60
IBULHSGFIN Rising Expanding Wedge

IBULHSGFIN is dancing in a rising_expanding_Wedge, .. which looks like a Flag on higher timeframe of a solid leg up since start of 2017. Right now its approaching the middle level of the wedge, crossing which can lead to the completion of the leg down. or it can reverse form there.

SuperSureshVlog SuperSureshVlog HEROMOTOCO, D, Long ,
HEROMOTOCO: Flag breakout in Heromotoco
38 0 1
HEROMOTOCO, D Long
Flag breakout in Heromotoco

Heromotoco has given breakout from Flag formation after being in a range for about 2 months. With this it is likely to touch 4200-4250 levels. Stop Loss should be closing below 3750 levels.

rrajkumar86 rrajkumar86 SUNTV, 240, Long ,
SUNTV: SunTV Falling Wedge.
74 0 2
SUNTV, 240 Long
SunTV Falling Wedge.

Buy above 794 for 820 Target Downside 785 should hold. Below 768 its completing Descending triangle I'm hoping that 768 will not break.

raj3elite raj3elite PRO GRANULES, W, Short ,
GRANULES: Rising Wedge on Granules India
127 0 10
GRANULES, W Short
Rising Wedge on Granules India

Rising Wedge pattern on Granules India and the price will fall after taken out the pattern.... Trade: Short - 132 Target 1 - 120 Target 2 - 106 Stop loss - 145

raj3elite raj3elite PRO INDIANB, D, Short ,
INDIANB: Rising Wedge on Indian Bank
122 3 5
INDIANB, D Short
Rising Wedge on Indian Bank

Rising Wedge pattern on Indian Bank and if the price break the pattern, it leads to hit 295. Trade: Short - 309 Target - 295 Stop loss - 317 Reward Points - 14 Risk Points - 8

NeeteshJain NeeteshJain PRO JETAIRWAYS, 240, Short ,
JETAIRWAYS: JetAirways - Dipping Down, Landing soon.
712 3 25
JETAIRWAYS, 240 Short
JetAirways - Dipping Down, Landing soon.

It is been observed on the daily and hourly chart that the price action is forming lower lows and lower highs, indicating a weakness in price action. Now, it shall further dip down to next support levels. It is a broadening wedge pattern. Target1: 580 SL- 595

raj3elite raj3elite PRO NIFTY, 60, Short ,
NIFTY: Rising Wedge on Nifty
154 0 5
NIFTY, 60 Short
Rising Wedge on Nifty

Rising Wedge pattern on Nifty and if breakout happens, then it leads to fall. Trade: Short level - 9904 Level 1 - 9886 Level 2 - 9865 Stop loss - 9920

raj3elite raj3elite PRO TATASTEEL, 15,
TATASTEEL: Falling Wedge on Tatasteel - Intraday Recomendation
109 0 5
TATASTEEL, 15
Falling Wedge on Tatasteel - Intraday Recomendation

Falling Wedge pattern formation on Tatasteel and its for day trade only. Trade: Buy above - 560.00 Target 1 - 562.50 Target 2 - 565.00 Stop loss - 557.00

Bravetotrade Bravetotrade MOTHERSUMI, 60,
MOTHERSUMI: MotherSumi: The Confluence Zone
190 10 12
MOTHERSUMI, 60
MotherSumi: The Confluence Zone

One can clearly observe: nice rotation of price inside a channel; the wedge formation; and the price bouncing from a support line (red dashed line). Currently the stock has retraced back to an important confluence point at 214-215 zone. On short side, a break below the confluence zone can take the price to 310.50 and 307.50 levels. Stops would be above 320. On ...

kanth_scorpion kanth_scorpion PRO NIFTY, D, Short ,
NIFTY: Raising Wedge BreakDown and Tested
166 1 3
NIFTY, D Short
Raising Wedge BreakDown and Tested

Raising Wedge Break Down and Tested

raj3elite raj3elite PRO ACC, D, Long ,
ACC: ACC Cements having strength to go long...!
82 0 7
ACC, D Long
ACC Cements having strength to go long...!

Falling Wedge pattern formation on ACC and it will break only on long side but if does in other direction, consider as false breakout or pattern failure. Trade: Buy above - 1625 Target 1 - 1656 Target 2 - 1682 Target 3 - 1711 Stop loss - 1580

Santhosh_S Santhosh_S PRO ARVIND, D, Long ,
ARVIND: ARVIND - Will it be the beauty of Falling Wedge break-out?
57 0 3
ARVIND, D Long
ARVIND - Will it be the beauty of Falling Wedge break-out?

It seems in Daily chart a Falling Wedge pattern formed on NSE:ARVIND. Once it Brakes the resistance, we can expect a sharp bullish rally. Go long after the brake-out as in the chart, target 428, sl 356. (Note: Stock market investments are subject to market risks. Do Your own study before making any positions)

Bravetotrade Bravetotrade TATAMOTORS, W,
TATAMOTORS: Tata Motors: Falling Wedges
204 4 13
TATAMOTORS, W
Tata Motors: Falling Wedges

Notes on the charts. Hit like if you think this information is useful. Trade Safe, stay healthy Best Regards Afraidtotrade

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