Short Bajajfinsv Below 5550 Stop-loss: 5745 Target 1: 5160 Target 2: 4955 Risk 3.50% & Reward 10.75 % RR Ratio - 1: 3 RR is Calculated on 2nd Target. Reversal or Continuation Pattern Rising Wedge Prices are moving upward, forming higher highs and higher lows, but the price is confined within two lines which get closer together to create a pattern. This...
1 Year Long Falling Wedge can be found on BEML Daily Chart. If the chart is zoomed out, One can see the stock is sitting on Horizontal Support Currently. RSI Bullish Divergence is visible and can expect bounce from this area. Resistence: 640 Stop loss below horizontal support.
LOOKS BEARISH AND HOLDING A STRONG RESISTANCE AND A RISING WEDGE
3 confirmations to short *rising wedge *bearish divergence *lack of demand
INFOSYS IS SELL FOR TARGETS OF 590-550. REASONS: 1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN). 2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START. STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"
Rising Wedge: Target 250 levels; SL:345 Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
According to the double top formation, the target is 312, which is yet to be achieved. In case that is achieved that would mark as a breakdown for the rising wedge thereby indicating more downtrend. As per the Rising wedge target: 265 Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
A falling wedge pattern since jan 2017, however for the reveral a breakout has to be there, expecting a breakout in Oct, 2018 (between 8 &15) weekly basis. Entry only after the breakout. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Maruti may test 8242. Trendline support and horizontal supportat 8242. Rising wedge
Bullish pattern with 3 falling wedges followed by symmetrical triangle which gave a breakout. The target is 520 levels. Once 520 is achieved a rounded bottom pattern would be formed. Post that we have to wait for the charts to break the neck, for further upside. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I...
Bullish sings, go ahead and buy it, could go upto 180 in coming weeks.
Falling wedge pattern spotted , generally it can be spotted after a rally. It is a bottom reversal pattern, to reverse there has to be a breakout from the pattern. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Wait for volume to break. Observe only volume indicator as momentum indicators does not work better in sideways price movements. Wait for breakout with good volume.
Castrol falling wedge. Positive divergence . Can test 161.50. SL-150.Cmp153