As we can see despite breaking down the rising wedge pattern BANKNIFTY managed to break the supply zone of 43700-43900 making it strong hence any flat to weak opening around given levels could be a good buying opportunity unless the following pattern breaks below so plan your trades accordingly
Details of entry and exits are mentioned on charts. Stop loss ~5% and target ~15%. Given target is for swing trading, if aggressively breaks wedge upper line expect it move rapid up in longer term. Please Boost this analysis with likes and comments. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1%-2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking...
Ongc breaks resistance and now forming a consolidation pattern which appears to be a falling wedge. My entry above the consolidation pattern breakout
Price has formed a falling wedge pattern If it closes above 195, targets are 200, 207, 213.
Price has formed a rising wedge and the consolidation is getting narrow. Pattern : Wedge. Range : Medium. Trend strength : Normal. Buy Above : 994. Stop Loss : 989 Targets : 999, 1004 and 1010. Sell below : 985. Stop Loss : 990. Targets : 980, 975 and 970. Price in one hour time frame. Check the live market updates. Hit the like button to Rock !! Show some...
BankNifty turns bullish as expected! On November 7th, NSE:BANKNIFTY broke through neckline resistance with a bullish momentum candle, confirming the bullish trend that we have been anticipating. The weekly chart shows a rising wedge formation, which could lead to a short-term bullish trend, with BankNifty breaking through 45,000 and reaching an all-time...
Price is moving up for the past few days, but the width is narrowing in the form of rising wedge. So you should be careful as it may fall suddenly. Buy above 19660 with the stop loss 0f 19610 for the targets 19700, 19740 and 19820. This will happen if the price retains the bullish strength. Sell below 19570 with the stop loss of 19610 for the targets 19530,...
Nifty is at inflection point. Macro narrative has turned positive while techinically, its nifty is retesting neckline of head and shoulder Wait and watch.
I'm very positive on this company, actually it's infrastructure gas companies. It's my long term investment at least 5 years time frame Yesterday it's results came & also provide conference to share my idea As per t. A. Folling wedge petern form in daily charts Today we can see break out
ready to breakout but some time stay 750 to 650 one day ya 2 day now check good movemenet start
Nifty has formed a red candle on the daily charts and is trading between both the moving averages. It is showing a bearish trend on smaller time frame, also forming a fall wedge pattern. If the market starts trading below 18900, there will be a huge sell off as the low will be cleared and support will be around 18720. On the hourly charts, the market has been...
NIFTY index on a weekly timeframe, a notable diamond top formation seems to be developing. Historically, diamond patterns have often signaled significant price reversals. Based on this observation, a potential 1000 pts move could be on the horizon. Analysis: Diamond Top Formation : The diamond pattern, often considered a reversal formation, has manifested...
NSE:BANKNIFTY On the weekly chart, there's a huge rising wedge shaping up for BankNifty. This week, we've tapped the trendline again. The weekly candle has got a significant wick at the bottom, showing buyers are still in the game. 📈 Support Zone: 41800-42000 Resistance Zone: 43800-44000 A drop below 41800 might kickstart a bearish run. Or, we could consolidate...
Wedge pattern formation on the weekly chart. Close above 665 will be considered as a breakout. BUY - 665, SL - 620 NOTE:- Please maintain good risk to Reward, as per your risk appetite.
Looks like Voltas may break the wedge on the weekly chart. Buy above - 833, SL - 794 NOTE:- Please maintain good Risk to Rewards as per your risk appetite.
BTC clearly formed rising lot of chances to get get short becoz of whole liquidity , so need to clear lower liquidity which is buy side. SUPPORT LEVELS : 26000 TO 24500, 20000 TO 19500 & 15000 to 16000$
Falling wedge BO in 15 min TF Entry : 625 Target : 631/637 SL : 619 RR : 1 /. 2