On the daily chart, Wolfe wave pattern has been identified. All the information provided in the chart.
Infosys formed a rising wedge on daily charts with the last day closing on the edge of the Bollinger Bands (with 3 std deviations). If it does not break 770 with volume, it will fall back towards lower trend line of 725 levels. However, if it does break 770 with volume, it will rise to 810 levels. The strong gain made by Rupee on Friday along with the daily...
Nifty forming a rising wedge on daily charts. It recently crossed 200 day moving EMA and the crucial resistance at 10,585. If it does not hold 10,600 levels, it would retrace to 10,000 levels. Duration for this retracement: 5-6 working days. If it remains above 10,600 and breaks 10,700 with volume - It will rise to 11,300 levels. The above analysis is for...
This 260 point Gap is seen on hourly chart. I expect it to be filled. Lets wait and watch.
Tasty Bite has formed a rising wedge pattern. The price has reached the resistance level of previous high. Also the weekly MACD-H has formed a bearish divergence
Hi traders, Wish you for more profit in the coming week, Last week the Gold against dollar pair price went up and came down as predicted.. it touches the yearly high of 1790 and retraced 1758 - 1760 area twice in a week, I stick with the my Rising wedge analysis given last week, it can be a long term signal too .. may gold go down to 1700 area.. This week this...
A Rising Wedge Pattern is being fromed by GAIL
Buy Centuryply CMP 124.5, till 120 Keep SL of 115 on closing base above 126.5 rally is expected Target - 132, 148, 163, 174
Sell at resistance or sell at lower trendline breakout, whichever happens first. A nearby resistance and bearish wedge technically indicates bearing really. NSE:NIFTY Please trade at your own risk and with proper MM
NSE:AXISBANK is currently trading in wedge pattern. Just wait for confirmation on either side of the wedge. Expecting it to give breakdown. Sell below 418 SL 428 Targets 410/404/398 Buy above 428 SL 418 Target 438
Breaks the Falling Wedge Short, Sell for the targets of 222 and 155 keeping stop loss above the wedge
SHORT NSE:BRITANNIA below 3440 SL 3455 TARGETS 3420/3400 Britannia given a long channel breakdown and retesting also done.
upl current price is 446 and create the rising wedge #pattern in the 1-hour timeframe and now ready to come to the down and sell near 449-453 with stop loss 459 and #downside target is 442-435-425. In the #upperside resistance is 463-467 cross this #level and stay above then easily come to 480-495-510+. Also, awesome oscillator shows the weakness and below the 0 line.
As updated earlier, NIFTY hit the 10,500-10,600 range and has now started the move down. 10,480 is a crucial support (the steep small trendline + yesterday's close) - break of which will trigger the move we anticipate.
Nifty has been following a rising wedge formation ever since the lows made in March. This is in essence how it transpired before the fall in February as well. With RSI and stocks edging towards the sharper edge of wedge with ever reducing vols, its likely there is a sharp move to the downside coming soon. Fundamentals along with Technicals are now weighing on...