Get started

Wedge

Is GLMUSDT About to Skyrocket? Don't Miss This Critical AnalysisYello Paradisers! Have you noticed the recent breakout in GLMUSDT? This could be the perfect setup for a major bullish move, but let's dive into the details to understand why. 💎GLMUSDT has broken out of its descending channel, showing a Change of Character (CHoCH) towards a bullish market structure and forming an inverse head and shoulders pattern. These factors combined significantly increase the probability of a bullish move. 💎However, for confirmation, we need to see a breakout and candle closing above the resistance zone. This will not only validate the inverse head and shoulders pattern but also solidify the bullish outlook. 💎In the case of a pullback, we can expect a potential double bottom formation from the support zone. For confirmation, it’s prudent to wait for an internal Change of Character (I-CHoCH) towards a bullish market structure to increase the probability in our favor. 💎Conversely, if we see a breakdown and candle close below the support zone, it will invalidate our entire analysis. Stay focused and disciplined, Paradisers. The right opportunities come to those who wait and act strategically. Remember, consistency is key in this volatile market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
ANTONY WASTE - RISING WEDGE FOLLOWED BY FALLING WEDGE (BO)Hi All, This idea is about Antony Waste Handling Cell Ltd Fundamentals Market Cap - 1419 Cr Stock PE - 16.5 ROE - 16.3 ROCE - 13.9 Promoter Stake - 46.1 Quick Ratio - 1.3 D/E - 0.78 Antony Waste Handling Cell Ltd is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project and undertake the designing, construction, operation and maintenance of the integrated waste management facility in Kanjurmarg, Mumbai. Technicals Since June 23, the price action followed a rising wedge & then the pattern changed to falling wedge since Feb 24. With the Daily price action it seems to be coming out of falling wedge formation & developing a new pattern Immediate targets are marked as T1 and T2. Would suggest the price to rise atleast 3% post closing to confirm the continuation. Happy Trading, Thanks, Stock-n-Shine
NSE:AWHCLLong
by Stock-n-Shine
MEMEUSDT: Cup & Handle Pattern Could Signal Major Reversal!Yello Paradisers! Are you ready for a potential breakout that could send MEMEUSDT soaring? Let's dive into the latest technical analysis and see what's brewing. 💎MEMEUSDT has recently broken out of a descending channel and is currently showing consolidation. This consolidation is forming a classic cup and handle pattern, which typically increases the probability of a reversal. 💎However, to confirm this bullish move, we need to see a breakout and candle closing above the resistance zone. This would significantly enhance the likelihood of a strong upward move. 💎On the other hand, if a pullback occurs, we might see a potential double bottom forming at the support zone. For confirmation of this bullish structure, we need to observe an I-CHoCH (Internal Change of Character) indicating a shift towards a bullish market structure. This would further increase the probability in our favor. 💎But caution is key! If MEMEUSDT breaks down and closes candle below the support zone, it will invalidate our bullish scenario. 🎖 Remember, patience and discipline are crucial in trading. Stay focused and make strategic decisions. This is the only way you can achieve long-term success in your crypto trading journey. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
SENCO - POST 20% CORRECTION, PA MIGHT REVERSE FRM BOTTOM CHANNELHi All, This idea is about Senco Gold Ltd The stock has corrected over 20% in this month alone & now have reached the lower channel of rising wedge formation. Volumes have dried up indicating the supply may have exhausted & Price action might soon reverse from this point Stock can be bought if it gives a closing above 980 for further targets of T1 1010, T2 1070, T3 1150. If the stock shows further downside then the support levels are S1 916, S2 864 The correction is due to poor quaterly results owing to heat wave, elections, and fewer wedding days although the sales was up 9% YoY Fundamentals Market Cap ₹ 7,398 Cr. Current Price ₹ 952 High / Low ₹ 1,177 / 365 Stock P/E 39.2 Book Value ₹ 177 Dividend Yield 0.11 % ROCE 13.4 % ROE 16.2 % Face Value ₹ 10.0 Equity capital ₹ 77.7 Cr. No. Eq. Shares 7.77 EPS ₹ 24.3 Promoter holding 68.4 % Change in Prom Hold -0.01 % Chg in Prom Hold 3Yr % Pledged percentage 0.00 % Market Cap to Sales 1.41 Sales growth 28.3 % PEG Ratio 1.92 EVEBITDA 20.3 Quick ratio 0.40 Trade receivables ₹ 64.4 Cr. Sales ₹ 5,230 Cr. Debt to equity 1.28 Price to book value 5.37 Free Cash Flow ₹ -324 Cr. CMP / FCF -42.4 Happy Trading, Thanks, Stock-n-Shine
NSE:SENCO
by Stock-n-Shine
Is RUNEUSDT Poised for a Bullish Breakout?Yello, Paradisers! Could RUNEUSDT be gearing up for a bullish breakout? Let’s break down the latest analysis and see what levels are crucial for this move. 💎RUNEUSDT is currently in a descending channel and has formed a cup and handle pattern, increasing the probability of a bullish move. However, we need more than just patterns to confirm the trend. 💎We need a breakout of both the descending channel and the resistance zone of the cup and handle pattern to confirm a bullish move. 💎If there's a pullback, we can expect a potential double bottom pattern at the support level. To increase our confidence, we should wait for an I-CHoCH (Internal Change of Character) indicating a shift towards a bullish market structure. 💎If the price breaks down and closes below the support level, it will invalidate our bullish scenario. In this case, it's better to wait for a more favorable price action to develop. Remember, Paradisers, trading is about discipline and patience. Wait for clear signals before making your move. Stay focused and play it smart! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Bitcoin cash good rising pattern from the bottomSimple breakouts price action seen in Bitcoin cash. It has lot of potential. Treadline breakout is already done in day timeframe. Retesting it and booooom…. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Long
by ashishhc
5
QTUMUSDT: Will This Breakout Lead to a Major Bull Run?Yello Paradisers! QTUMUSDT has broken out of a falling wedge pattern, increasing the probability of a bullish move. But, can we trust this breakout to lead us to significant gains? 💎For confirmation, we need a breakout and candle closing above the resistance zone. This will increase the likelihood of a bullish move, potentially driving the price to the next resistance levels. 💎However, if we see a pullback, we might witness a potential triple bottom pattern forming from the support zone. For this to confirm, we need an I-CHoCH indicating a shift towards a bullish market structure. 💎But beware, if there is a breakdown and candle closing below the support zone, our bullish outlook will be invalidated. Stay vigilant, trade smart, and let's navigate these market moves together! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Could This Be the Turning Point for SXPUSDT? Don't Miss Out!Yello, Paradisers! Have you been keeping an eye on SXPUSDT? We've spotted a crucial pattern that could signal a major move. Here's the breakdown: 💎SXPUSDT has formed a falling wedge pattern, which typically increases the likelihood of a bullish breakout. However, to confirm this, we need to see a breakout and a candle closing above the resistance zone. This will significantly enhance the probability of an upward move. 💎If we experience a pullback, a bounce from the support zone is expected. For confirmation, we need to observe an I-CHoCH (Internal Change of Character), which will further tilt the odds in our favor. 💎On the flip side, if there is a breakdown and a candle closes below the support zone, it will invalidate our bullish outlook. 🎖 Remember, Paradisers, patience and discipline are key. Stay focused, follow your strategy, and avoid making emotional decisions. Only those who understand the market cycles will benefit in the end. Trade smart, stay disciplined, and keep mastering your willpower. This is how you make it long-term in this market. Be a PRO! 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
AVAXUSDT: Bullish Breakout or False Hope?Yello, Paradisers! 🌟 Are we about to witness a bullish breakout for AVAXUSDT? Let's dive in and find out! 💎AVAXUSDT has taken liquidity and formed a W pattern, breaking the descending channel. These factors are increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone, which will signal a strong bullish move. 💎While some might consider going long from here from the current price, But it's a low-probability setup. Therefore, it's better to ignore it for now. The overall crypto market has also shown bullish tendencies, but a pullback is expected. So, it's wiser to wait for better opportunities. 💎On the flip side, if there's a breakdown and the candle closes below the bullish order block, it will invalidate our bullish outlook. 🎖Remember, patience and discipline are key in this volatile market. Stay focused and wait for high-probability setups. This is how you make it far in your crypto trading journey. Be a PRO💰 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Nifty Reaches 24,500 Target: Elliott Wave Analysis Disclaimer: ------------------------ Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ---------------------------------------------------------------------------------------------- General Election 2024: Impact on Nifty The 2024 General Election resulted in a clear victory for the existing NDA government, with Prime Minister Narendra Modi securing a third term. This political stability had a positive impact on the Indian market index, Nifty. ----------------------------------------------------------------------------------------------- Pre-Exit Poll Movement Before the election results were declared, we proposed an outlook for Nifty to reach 24,500 as a pre-exit poll objective. This prediction was published on TradingView as "Pre-Exit Poll Outlook - Bulls above 22,400 " on 31st May 2024. ----------------------------------------------------------------------------------------------- Achievement of Target Following the election results, Nifty saw a significant rise from the lows of 21,281 on June 4, 2024, and successfully reached our proposed target of 24,500 on July 12, 2024. However, there was a knee-jerk reaction as the index failed to surpass the 400-seat mark announced during the election campaigns, leading to some volatility when the actual results were declared on June 4, 2024. ----------------------------------------------------------------------------------------------- Unfolding Structure: The Leading Diagonal Since early March 2024, we have been discussing the potential for an explosive upside based on a leading diagonal pattern, also known as a Rising Wedge in traditional analysis. This Elliott wave pattern typically indicates a bullish trend, especially in the context of the 2024 General Election. We believed in the bullish scenario and termed it the "Leading Diagonal," expecting significant market movement. ----------------------------------------------------------------------------------------------- Why I Believe in Wave Analysis As a Wave Analyst, my journey began with a curiosity about the market's patterns and behaviors. Eight years ago, in 2016, I started writing for TradingView and was given an opportunity to look into India Business for the brand during its early expansion years in India. On a personal front, I progressed to learn the nuances of wave analysis and started applying them to publicly traded liquid financial instruments. The results were astounding, providing 90-100% accuracy in the analysis. The science behind wave analysis is robust, but it does come with the limitation of alternate views if the price breaches the cardinal rules. More details on this will be discussed in my upcoming book on wave analysis (no ETA available at the moment). ----------------------------------------------------------------------------------------------- Pattern Analysis Rising Wedge: Often seen as bearish or bullish from a traditional technical analysis point of view, Elliott Wave analysis goes one step further by identifying the pattern's nature as bullish or bearish and can complement the unfolding events. General Election 2024: The election acted as a catalyst for the bullish trend. Patience Rewarded: Participants who held their positions since October 2023 are now reaping the benefits. ----------------------------------------------------------------------------------------------- Future Outlook Key Psychological Level: 24,500 Nifty holding above the 24,500 level is crucial. If the index continues to bounce above this level, we anticipate the bull run to persist. Target: 27,620 Our next target is 27,620, where the current rising wedge in Wave-1 should travel 162% of the minimum distance if this is to be Wave-3. ----------------------------------------------------------------------------------------------- Additional Insights Reliance Long Term: Nifty Explosive Series Episodes Starting Comex Copper: These episodes as published on TradingView earlier, hinted at an explosive Nifty to unfold and how Dr. Copper’s move supported the outlook. This should be discussed as a different branch of technical analysis called Intermarket relations in my book, suggesting a strong bullish sentiment. In conclusion, the political stability from the 2024 General Election has propelled Nifty into a strong bullish trend, with a key psychological level at 24,500 and a future target of 27,620. ----------------------------------------------------------------------------------------------- Regards From WaveTalks Abhishek
NSE:NIFTYLong
by WaveTalks
3
SUNDARAM FINANCE - RISING WEDGE SINCE AN YR Hi All, This idea is about Sundaram Finance Holding Fundamentals Market Cap - 6k Cr Mkt Cap/Sales - 20.9 ROE - 12% P/BV - 1.27 Div Yield - 2.81% Technicals Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term. Traders can take positional trades to capture the move. There is a small resistance for which traders need to be careful. Price reverted twice from that level SL will be lower channel breach Hope for a successful trade, Thanks, Stock-n-Shine
NSE:SUNDARMHLDLong
by Stock-n-Shine
Rising Wedge in nifty - bearishA rising wedge is a bearish chart pattern that typically appears at the top of a mature uptrend. Here are the key characteristics and considerations: Preconditions: A strong, mature trend in the background (multi-day/week). Wave HH1 (higher high) should be significantly smaller than the subsequent wave H. HH2 (another higher high) should be smaller than HH1. The HH-HL (higher high - higher low) structure results in a rising wedge or arrowhead. It usually appears at the potential top of a rally. Volume Characteristics: Volume during HH1 is generally lower than the volume during wave H. Volume during HH2 is less than that during HH1. Volume during wave LL (lower low) should be higher than the volume during wave HL (higher low) and L (lowest low). Confirmation: The pattern is confirmed when wave LL breaks below the low of wave HL. Psychology: Weak character of waves HH1 and HH2, along with shortening length and lower volume, suggests waning buyer interest. Breakout buyers may get trapped above H and HH1. A sharp wave LL with increasing volume indicates sellers taking control, potentially leading to a medium to long-term top. Trading Strategies: Consider booking profits (full or partial) in any long position when the pattern breaks below HL. Risk-takers might short at the break of HL, but be cautious about wide stop-loss levels (above HH2). Others can wait for a pullback on the upside (after the break of HL) to take short positions. Always aim to minimize risk, either by reducing position size or other risk management techniques. Remember, this pattern is significant when it appears at fresh high grounds (new all-time highs) or in previous areas of resistance. Keep an eye on the context and other technical factors for a well-informed trading decision1
NSE:NIFTYShort
by pradytrader1979
CESC - falling wedge A falling wedge pattern is a technical analysis chart pattern that typically signals a potential reversal or continuation of the current trend. In the context of CESC (Calcutta Electric Supply Corporation), here’s how you can understand and identify a falling wedge pattern: Characteristics of a Falling Wedge 1. **Shape**: The pattern is shaped like a wedge that is sloping downward. It is formed by two converging trendlines – a downward sloping resistance line and a downward sloping support line. 2. **Volume**: Volume tends to decrease as the pattern progresses and the price converges between the two trendlines. 3. **Trend**: The falling wedge can appear in both uptrends and downtrends. When it appears in an uptrend, it is considered a continuation pattern. When it appears in a downtrend, it is considered a reversal pattern. Identification of a Falling Wedge 1. **Downward Sloping Trendlines**: Draw two trendlines – one connecting the highs and one connecting the lows of the price action. These lines should converge, forming the wedge. 2. **Contraction**: The price range contracts over time as the price moves between the two trendlines. 3. **Volume**: Look for decreasing volume as the pattern develops, indicating less selling pressure. 4. **Breakout**: The pattern is confirmed when the price breaks out above the upper trendline (resistance line) with an increase in volume. Interpretation and Trading 1. **Reversal Pattern (Downtrend)**: If the falling wedge forms during a downtrend, it signals a potential reversal to the upside. Traders often look for a breakout above the upper trendline as a buy signal. 2. **Continuation Pattern (Uptrend)**: If the falling wedge forms during an uptrend, it suggests a continuation of the uptrend. Again, a breakout above the upper trendline is a bullish signal. Example of Trading a Falling Wedge in CESC 1. **Identify the Pattern**: Look for the falling wedge formation on the CESC stock chart. Ensure the trendlines are converging and the volume is decreasing. 2. **Wait for Breakout**: Monitor the stock for a breakout above the resistance trendline. 3. **Confirm with Volume**: Ensure that the breakout is accompanied by an increase in volume for confirmation. 4. **Enter Trade**: Consider entering a long position once the breakout is confirmed. 5. **Set Targets and Stop Loss**: Place a stop loss below the recent low within the wedge, and set profit targets based on key resistance levels or a measured move equal to the height of the wedge.
NSE:CESCLong
by pradytrader1979