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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.
yndesai yndesai FORCEMOT, 1D, Long ,
22 0 2
FORCEMOT, 1D Long
Falling wedge in Force Motors

Breakout above 2550 can take it to 3100. Medium term its a bearish counter.

pratik2358 pratik2358 TCS, 1D, Short ,
107 0 4
TCS, 1D Short
TCS can slide !

i see in the coming days tcs can slide below 1900 levels .. trade with open eyes!

255 0 3
ASHOKLEY, 15 Long
ASHOK LEYLAND LONG

FALLING WEDGE PATTERN MAY CAUSE TREND REVERSAL AT THE SUPPORT LEVEL. TARGETS MENTIONED ON THE CHART.

106 0 7
HAVELLS, 1D Short
Broadening Pattern Right-Angled and Ascending

Nicely formed Broadening Pattern (Right-Angled and Ascending) with multiple alternate touches on both sides. It has not given breakout yet however one can trade swings from one side to the other side. It is touching the upper line now so can watch the behavior and accordingly. Disclaimer : All ideas are my personnel view. Please take financial consultancy for ...

194 2 8
AXISBANK, 60 Long
Wolfe Wave Hourly Chart

Wolfe Wave has been formed nicely so one can buy the stock at current level. Since the market is moving in small range I would keep the target moderate between 520 - 525. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

512 6 23
TCS, D
TCS Dragon

TCS is snake-ing up , making a rising wedge. Without the drawing---> https://www.tradingview.com/x/I3diU77k/

144 0 5
SUNTV, 1D
stocks to avoid (4)

such stocks whose whole base to move is news ...BETTER STAY AWAY FROM THEM ...and safeguard our capital!!!!!!

mragarwal mragarwal JUBLFOOD, 75, Short ,
64 0 1
JUBLFOOD, 75 Short
Rising Wedge/ending Diagonal- Potential short candidate

Jubilant Foodworks- looks like an ending diagonal or rising wedge with volume and momentum divergence.Short with Stoploss at 1437.5 spot price.

37 0 1
GODFRYPHLP, 1D Long
Long Wedge breakout

Wedge breakout. Enter above 771 T1 : 789.00 T2 : 816 CBSL : 763

22 0 0
INDUSINDBK, 1D Long
Indusindbank Long setup

Indusindbank is trading in bigger channel and formed a wedge pattern. it has respected the area of 1875 to 1880 area and if closes above the trend line then it will try to touch the upper line of bigger channel Resistance 1920 , 1949 , 1974 and 1995 and more

pratik2358 pratik2358 ULTRACEMCO, 1D, Long ,
50 0 3
ULTRACEMCO, 1D Long
ultracemco , weekly trade set up

will like to stay long in the counter considering the risk reward ratio !

traderpulse traderpulse GBPUSD, 1D, Long ,
33 0 0
GBPUSD, 1D Long
GBP/USD Technical analysis

The pair has formed a falling wedge pattern and has given a valid breakout above the wedge. It can witness a throwback and the price can retest the wedge line once again. Based on the current momentum and with the application of Murrey math line,we expect the pair to move towards the resistance zone of 1.35538

57 0 0
BAJFINANCE, 1D Short
Bajaj Finance Rising Wedge

Bajaj Finance forming a rising wedge reversal pattern after hitting a high. Also showing a bearish divergence.

nimbuz90 nimbuz90 HCLTECH, 120, Short ,
83 0 2
HCLTECH, 120 Short
Rising wedge continuation breakout

Although the breakout is not so convincing as of now with good volumes, i'm expecting a fall sooner. CMP of the stock is around 934. Will sell on rise till 940 based on bearish signal. If it gaps down, then will enter below 931 for a target of 900. Entry - 930-940 zone SL - 950 T1 - 920 T2 - 910 T3 - 900 For study purpose Thanks.

158 0 5
BOSCHLTD, 1D Long
Broadening Formations, Right-Angled and Ascending/Engulfing

The stock has formed Broadening Formations, Right-Angled and Ascending pattern and one can buy on the touch at horizontal line. There was Bullish Engulfing on 13.06 and it trades above the next day showing strength. Stop Loss is of one bar is affordable. Entry 18100 SL 17750 Target 19500 RR Ratio 4 Disclaimer : All ideas and comments are my personnel view. Please ...

249 2 5
JINDALSTEL, 1D
chart pattern recognition ,cup and handle, triangle

hello guys . . today came up some good chart patterns jindal steel is forming cup and handle pattern on daily . . the handle ( pink colour ) looks like triangle has been forming for past 6 months ( classical triangle pattern forms 6 months ) prices are nearing its apex one can see chances for break out happening probably on the upside ( it can breakout on either ...

126 0 1
DELTACORP, 1D Long
delta corp- breakout

breakout resitance at 270(tgt1) sl 220

avinashsawant avinashsawant NIFTY, 60, Long ,
81 0 0
NIFTY, 60 Long
NIFTY CHART PREDICTION JUN

Nifty is under consolidation - as shown it is going through the yellow rectangle - And on D1 its going to be a Triangle pattern - I shall wait till it crosses the trend line - Considering the world wide markets, I expect the bullish breakout of this triangle

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