NSE:ICICIPRULI This stock is continuously making higher highs and now it has breached the upper band of the wedge pattern. It has good support level of 525/513. One can keep on accumulating it at every correction. SL 504 closing.
NSE:HINDUNILVR HUL is moving in an ascending wedge pattern, which has already tested lower levels 4 times thus, acting as a major support. On the upper side it has tested the upper band 3 times, and again showing correction - genuine to this pattern. Safe investors can wait till it reaches the lower base and then make a Long position so that we can ride the...
NSE:TCS TCS is forming a wedge pattern, it has taken support from the lower base ans is rising towards the upper band of the wedge. we can look for entry level at any correction for Long position.
1. As per the chart, nifty is formed double top & raising wedge pattern also seems ascending triangle pattern. As per the pattern formation nifty should come next resistance of 11371. 2. Fib level swing high to swing low is showing .5 fib level ( golden ratio) 11371.. Most probably we expect nifty will fall in coming weeks. Target is 11371.
Breakout from rising wedge looks good for a buy opportunity
FALLING WEDGE TARGET- ~ 3.65-3.70 STOP LOST 1.50
Consolidation inside wedge expecting an upside breakout
A breakout can be observed further upside is expected
AN upward rising wedge along with a negative RSI divergence can be seen.
Look for opportunities although this is a risky one
ABout to bounce off from support, good buy opportunity
The scrip has recently touched resistance and is expected to go down soon
Wedge formation in 2 hourly chart time to wait and watch
1. Rising Wedge pattern 2. Reversal candle at 61.8% Fibonacci Target: 11200
USDINR is moving in a wedge. Longs can be added on closing basis after break of upper line. SHORTS can be added on closing basis after break of lower line. Not advisable to take positions on inside the wedge. Will update more on any significant moves. Date: 10/09/2019 This is the 3H chart. Your positions are your own sound decisions. I am not responsible...
ACC has shown a good fall in last couple of days , i see a good recovery in all cement stocks in coming weak !