OFSS has formed falling wedge pattern on weekly chart & looks like this time it will finally breakout and head upwards.
IGL is moving in a long going expanding wedge. Recently made the lifetime high of 1441. Breakout from channel can mark the start of the leg down in the wedge. A reversal will lead to the retest of the lifetime high values.
Escorts is moving in a rising wedge. Currenly on the top of median line , forming a small channel zone.
INFRATEL has formed falling wedge pattern on weekly chart. Long looks only when upside breakout happens.
TATACOMM broke out of the rising wedge and retesting the level again for a reversal or breakdown in and through the wedge all together.
Raising Wedge on CADILAHC and its lead to fall. Trade: Short below - 493.00 Target Zone - 473.00 to 466.00 Stop loss - 513
Taking an aggressive short entry on the GBPUSD around recent highs to take advantage of the rising wedge. Target is around the convergence of various important fibo levels of the recent swing lows with the most recent high. The marked rectangle seems to be a good reversal zone for an upmove where I'd be reversing my position and going long. Let's see how this works out!
INDUSINDBK is moving in a rising wedge, almost a channel. FOund suport at orange lelve after it broke the previous high and retested the orange level. Another leg up presumably, r it can fall down ,breaking out of the wedge.
The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. counter standing strong and if markets supports can give a good return.
TATASTEEL is moving in a rising wedge for a while, now in a breakDown/Reversal zone.
HAVELLS is moving in a wedge for a couple of months now. Its in the breakdown/reversal zone < i know that phrase is getting old :P >.
TATASTEEL is in the rising wedge , currently around the green support/resistance zone. Rising wedges usually falls down, lets see if it breakdown or goes up
DHFL is in the breakout/reversal zone. Yellow neckline acting as a good median for a while. Its retesting the edge of the RIsing wedge that it broke down of before and bounced back after taking support from the base of the wedge
IBULHSGFIN is dancing in a rising_expanding_Wedge, .. which looks like a Flag on higher timeframe of a solid leg up since start of 2017. Right now its approaching the middle level of the wedge, crossing which can lead to the completion of the leg down. or it can reverse form there.
Notes on the charts. Hit like if you think this information is useful. Trade Safe, stay healthy Best Regards Afraidtotrade
Rising Wedge pattern on Granules India and the price will fall after taken out the pattern.... Trade: Short - 132 Target 1 - 120 Target 2 - 106 Stop loss - 145
It is been observed that the price action is consolidating at the bottom in a broadening wedge pattern. It is at the make it or break it situation. It has good support at 310 levels and then 290 levels. Currently, at a look risk and high potential profit scenario. Now, today's closing shall matter a lot. Target 1: 322 Target 2: 330 Stoploss: 310