Nifty after consolidating in a range for 3 days gave a downside breakout. DOW yesterday gave an upside triangle breakout and forming an expanding wedge pattern that denotes extreme volatility It is in all possibility Nifty to follow the DOW pattern today Trade setup provided on charts Pls do keep a watch on SL levels 10689 - below it - the hypothesis stands...
Sbicard creates the Rising wedge pattern on the daily chart and make the bearish candle at the top line and now come to down more points. Sell near 700 and put the stop loss 710 and target is 691-680-670.
Nifty recorded an all-time high at 12431 in the month of January 2020. From the all-time high price declined in a three leg down move to record a low of 7511. The time taken for the completion of the down move is 45 trading days. From the low of 7511 price retraced in three leg up move and currently trading around 10778. The current up move has consumed a time...
BANDHANBNK now at 358 has broken the support line and can go down to 336. Immediate resistance around 383. DISCLAIMER - This is just my personal analysis and not a trade recommendation. Please do your own analysis before taking any trade.
ICICIBANK has broken the support line and can go down to 325 and 312 respectively. Immediate resistance around 363-365 zone. DISCLAIMER - This is just my personal analysis and not a trade recommendation. Please do your own analysis before taking any trade.
Reasons for going Long: 1) Healthy Uptrend 2) Now at Swing low with a Bullish engulfing candle in 45 Minutes time frame. 3) Setup - About to Breakout with Falling wedge and Inverse Head and Shoulders patterns. Note: Breakout with good volume (above average) can get to the first target. Watch Bank NIFTY closely for the trend check.
A rising wedge in an uptrend is considered a reversal pattern that occurs when price is making higher highs and higher lows. Price witnessed an uptrend with higher lows and higher highs from the swing low of 17105 to 21807. The two touch points at 21807 and 22480 form an upper resistance line. The two touch points at 19507 and 21768 form a lower support line. The...
for the targets of 996 onward below 1025 protected by 1053 NSE:UBL
BO From Risnig wedge pattern Good volume Might go long # just for learning purpose
Break out from INHS & Rising Wedge Pattern Long entry possible Might test 45/48/52 Levels Just for learning purpose
Above Mentioned : Red lines - Support - 190 , 183 Green lines - Resistance - 202 , 208 Buy at support line with candle confirmation and sell at Resistance line. And careful , about Rising wedge.
Bank nifty price action analysis supports bearish trend with Rising wedge
Analysed levels mentioned on chart!!! Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
INFY has just given a breakout at 584. Support at around 575, and upside seems that it would be 610+ DISCLAIMER - This is just my personal analysis and not a trade recommendation. Please do your own analysis before taking any trade.
analysis mentioned on chart
Astrazen is forming a rising wedge pattern in daily time frame and it is yet to give a breakout. So it is a good trade for short position after the breakout.