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 !
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The pair was moving in a steep rising wedge pattern from the past 1.5 months. GBPINR, in the previous session, gave a daily close below the lower trend line of the wedge pattern, confirming a breakdown. In doing so, the pair also breached crucial support of 21 days EMA (88.1609). Now, it is susceptible to heavy selling that can take the price to 86.5692. The stop...
long above 1300 or at 1260 / s l in both case 20 rupees
facing strong resistance near to wedge pattern good risk reward
NSE:MCDOWELL_N breaks out of wedge and price is above the cloud. Kumo turning green and chikou is free from price range. This setup makes this a good long candidate
We can see a bullish cypher along with an upward rising wedge forming on a shorter time scale.
Its on resistance levels, would ,make an upmove
HELLO EVERYONE, TODAY I AM GOING TO SHOW YOU THAT NETFLIX MAY GO UP DUE TO SOME REASONS. 1. FALLING WEDGE PATTERN 2. DIVERSION IN SCRIPT 3. IMPROVE IN ECONOMY
Reasons For Trade- 1> Wipro daily and Weekly In downtrend 2.Price closes below daily important support of 253 3.256 is strong resistance of horizontal line and 200 EMA 4.Price about to break channel support 5. Risk Reward 1:2 Intraday Sell below 245 Stoploss 251 Target 235 Positional- Sell at 253 Stoploss 262 Target 230 (or Sell below 245 Stoploss 251)
INR could crash till 74.50 in mid-term, with interim support at 72.50
Takuri Candlestick at the lower line of Falling Wedge suggest a reversal and today's Green bar is confirming it. The Trade is available at small risk so one can trade like this Entry 880 SL 868 Target 9455 Risk/Reward Ratio 3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Bata has been in a sideways channel on the daily timeframe for quite a while. The stock is approaching the 3rd touch of this channel at the top. The interesting thing about this is, it is approaching the top in a rising wedge formation giving us an idea of a potential dip in the stock. If the stock breaks this small rising wedge formation it has the ability for a...
As of now EMA50 looks to be holding price -- short close below 1570 SL above 1582 Squareoff 1560, 1545, trail.