📉 Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Rising Wedge 📌 Symbol/Asset: TATAMOTORS 🔍 Description: Stock is around the resistance of rising wedge. We can see downside hereon. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
hello guys Recently nifty was in a continous uptrend and formed a bullish descending broadning wedge Now the probable chance is to form a head and shoulder pattern from here lets see how things workout my prediction for head and shoulder is 60%
October 13, 2020: Identified a B-Wave shift in Auropharma (TradingView Idea Published as mentioned below), predicting a decline from highs of 1065 to lows of 397- was looking for Wave -C Downside. These are complex corrections so I changed them to X-wave (instead of B-Wave) January 30, 2023: Noted that Auropharma was close to completing an Ending...
A "Continuation Wedge (Bullish)" chart pattern has emerged on the BCPL Railway Infrastructure Ltd (BSE) stock . This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00. This pattern took shape over a span of 33 days, roughly aligning with the...
Everest Kanto Cylinder - weekly Analysis - CMP 141.55 Cup and handle - Traingle breakout Buy for target 181- 205- 240- 260- 290+ sl below 99
1. Rising Wedge - Continuation Pattern, consider as bearish, often perish to breakdown, usually forms over 3-6 months. 2. No sign of Divergence, trend is bullish 3. Strong Momentum 4. Lack of Volume What could happen? Pullback towards 30K or Sideways movement
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...