A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets.
Crude levels...09/10/2020 (1hr Candle)
GUJGASLTD is trading a parallel channel, either side can be traded if penetrates key levels as plotted.
INDIACEM | Sort of Wedge & Flag (Weekly) patterns. -20% potential is there upside. -Risk reward is good before the breakout. -Taking good trendline support -1:4 risk reward setup CMP : 118 (Good buy upto 115) SL : 110 Target : 140
Followup trade Levels mentioned on the chart Ex: Rising Wedge Awaiting breakdown of lower channel Be Proactive Trader Better Insight, Better Trade Execution Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior at Battle field
MUTHOOT FIN breakout through the nicely shaped Falling Wedge Pattern & closes above down sloping trend line. Levels mentioned on chart. Given targets seems achievable. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk. "Trade what you see, Not what You Think" Happy Trading(:)
1. Post-COVID Nifty was in a long bull run with no corrective waves so far. 2. In the bull run, there was a rising wedge pattern with price zones getting narrower. 3. The recent corrective wave was the first major correction observed. 4. Corrective wave occurred once NIfty broke the lower support line of the Wedge. 5. Now a broadening falling wedge is in making...
MANAPPURAM | Seeing a Flag formation in Daily time frame & Weekly time frame shows strong rejection in downside. After a scary H&S pattern the stock gave Wedge breakout but broad market pulled the price down again. Personally one more strong conviction it has taken a great 20 EMA support in Weekly pattern. CMP : 153 Strong demand zone : 140 Target : 180,190
NIFTY | Expecting the gap to be sealed @ 11076, NASDAQ was gap up too 2 days ago + RSI bearish divergence in 30 min's time frame. CMP : 11228 Falling which hopefully can get some dips in good stocks. Instead of buying PUT can consider selling 11300 CE in Oct 8th expiry.
RELIANCE | Looks good for 5% RSI Divergence & can expect a wedge breakout CMP : 2179 SL : 2150 Target : 2270 1:3 risk reward setup
Keep a watch . Could short below 436-430 level.
Zinc levels...24/09/2020 (1hr Candle)
TREND ANALYSIS & TRADE SETUP ! FLAG PATTERN ! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 4-5 times .
formation of rising wedge pattern: Bearish Also marked ABC Wave. : prob. completion of wave There might be some sideway move for some weeks. Only below 11000, we will see targets for 10000, 11000 might give some support. Fundamental Data to support this rising wedge. GDP Data: Bearish Border Tension: Bearish Pandemic: Bearish
RAJESH EXPORTS levels...(D Candle ) 21/09/2020