Get started

Wedge

ICICI BANK : Bearish - Rising Wedge detected, and Double TOP ?!ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible. To monitor: The exponential moving averages 50 (in pink) around 991 , and the exponential moving average 200(in white) around 793. A possible Double Top is detected. + there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying! So a bearish return is possible Be safe!
NSE:ICICIBANKShort
by Le-Loup-de-Zurich
Banknifty ananlysis for tomorrow 15 Apr 24As we discussed, Banknifty's structure opened a gap down and fell. If we look at the chart now: The market is making Hammers at the top. Now, the market is in a very crucial position. It is trading at the support trendline and support zone. The market is making a rising wedge pattern. If the market breaks the pattern to the downside, it will be a good entry for the bearish position. If we look at the OI data: PCR = 0.7, which shows neutral market sentiments. However, in the past three days, OI activity PCR has been falling gradually from 1.34 -> 1.18 -> 0.7. which shows bears are increasing their position in the market very actively. 48500 is Max-Pain. If this level breaks, there is no support point till 48000. on the upper side, there is resistance at each level (48500-49000). The bulls are very weak at this point. All important levels are marked at the chart. If we look at the FII and DII activity, the Pros are strong and bearish, and clients are bullish. This indicates the market is going to open a gap-down (probably near 200-EMA 15m-TF). There are 2 cases right now. Case 1: inside the channel Sideways. (Low probability) Case 2 : If it breaks to the downside, it is bearish. (High probability) Reasons: EMA(200) < Price < EMA(13), which indicates Weak bulls structure in the market. (Bearish) RSI < 40 shows strong bears' power. (Bearish) PCR = 0.7, which has been falling rapidly from 1.34. shows bears are actively increasing their position size. (Bearish) Price < VWAP shows a bearish market structure. (Bearish) Verdict: Neutral unless the market breaks the trendline and support zone to the downside. Plan of Action : wait for an initial 10 minutes. If it breaks to the downside, GO BEARISH.
NSE:BANKNIFTYShort
by finnova_
4
It looks like #API3USDT is gearing up 🚀💎 Paradisers, #API3USDT going to take inner range liquidities by trapping traders through a breakdown of the channel. 💎To confirm this move, we'll need to see CHoCH & BOS indicating a shift towards bullish market structure from the bullish OB. 💎If #API3USDT manages to break above the resistant level, we can anticipate targets being set until the next resistant levels. 💎However, if the price breaks down below the bullish OB or the low, it may be interpreted as bearish. In such instances, it might be prudent to abstain from trading until clearer price action emerges.
by MyCryptoParadise_Nathan
NIFTY April/MAY Direction | Ascending Triangle or Rising Wedge ?Hello Traders/Investors, After analyzing NIFTY, it appears that a breakout is imminent, either on the upside or the downside. Patterns: 1. Ascending Triangle | Probability: 70% 2. Rising Wedge | Probability: 30% Analysis: 1. Ascending Triangle | Upside Potential: - Condition 1: If NIFTY breaches 22,950 by next week and maintains its position, there's a likelihood of a rally towards 23,760. However, any impact on prices, aside from election results, seems unlikely before then. - Condition 2: Similarly, if NIFTY surpasses 22,950 next week and undergoes a retest around 22,700/800, the rally could extend towards 23,760. Again, external influences on prices, except for election outcomes, are not anticipated. 2. Rising Wedge | Downside Scenario: - Condition 1: In the coming week, if NIFTY breaks the green trendline and approaches the midline, indicated by the blue color, the initial target would be the blue line, followed by 22,550. - Condition 2: Alternatively, if NIFTY descends to 22,000 and breaches this crucial support level, the next stop would likely be 21,200. However, this scenario would only unfold in the event of significant changes in the election landscape, such as the ruling party failing to secure at least 50% of the votes. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, Naveen
NSE:NIFTY
by NaveenTTR
Devyani analysis Buy activated Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India. If we look at the chart: The stock has broken out to upside. and expected to move higher high. Reasons: It has broken Falling wedge pattern to upside. (Bullish) It has been consolidating for 8 months and now ready to move to upside. (Bullish) RSI crossing 60 to upside means bulls are in the control of the market. (Bullish) Price > EMA(13) and Price < EMA(200), good point to enter to bull side right now. (Bullish) Verdict : Strong BUY Plan of action: BUY: 165 Target: 190 Stoploss: 158
NSE:DEVYANILong
by finnova_
2
🚀LDO is displaying a bullish market structure 💎 Paradisers, #LDO is currently exhibiting a bullish market structure, supported by the presence of a Bullish Order Block (OB) and a supportive trendline. 💎Should #LDOUSDT demonstrate signs of bullish continuation, such as Change Of Character (CHoCH) or Break Of Structure (BOS) within this key zone, it would serve as bullish confirmation. This could potentially pave the way for further upward movement, targeting the next swing resistance levels. 💎In the event of a pullback, we may anticipate a bounce from below bullish OB level. However, it's essential to seek confirmation through similar CHoCH or BOS bullish structures before considering any trades. 💎Nevertheless, if the price breaks down below both the bullish OB level and the supportive trendline, it may be prudent to exercise caution and refrain from trading until clearer market conditions emerge.
by MyCryptoParadise_Nathan
BNB COIN BREAKOUT OCCURREDBNB COIN BREAKOUT OCCURRED BNB showing a strong trendline breaking So here a good sinario occurred for selling Sell with a good amount Never hesitate to sell because it's a strong signal because 1. It's breaked the strong NECKLINE 2. ITS seen rarely in chat it's very difficult to find such trade Thank you trade safely Stay happy BNB showing a strong trendline breaking So here a good sinario occurred for selling Sell with a good amount Never hesitate to sell because it's a strong signal because 1. It's breaked the strong NECKLINE 2. ITS seen rarely in chat it's very difficult to find such trade Thank you trade safely Stay happy
CRYPTO:BNBUSDShort
by tradergyan01
EURUSD Fall - Classic Equality Count in Play | C = A WaveDisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers!, can you hear them 13th Jan 2024 - B: Wave completed at the tops of 1.11393 Long Term Outlook From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Once short term completes & the base is formed as discussed in short term analysis, EURUSD will move into next sequence of wonder to behold waves which is Wave 3. Let us wait & have patience for magic to unfold. Short Term Outlook It's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023. Wave C = Wave A falls to 1.03118 falls in the projected zone suggesting a stronger possibility for Wave-C ending in the box zone 1.02 to 1.04 as discussed earlier From WaveTalks (Market Whispers!, Can you hear them) Abhishek
by WaveTalks
4