TORNTPHARM is moving in a channel/fallingwedge for over a week. Probably a trend continuation pattern, giving a good upside move after a breakout, The wedge Can break out in any direction, but upward break seems more logical
Raising Wedge Break Down and Tested
It is been observed on the daily and hourly chart that the price action is forming lower lows and lower highs, indicating a weakness in price action. Now, it shall further dip down to next support levels. It is a broadening wedge pattern. Target1: 580 SL- 595
Rising Wedge pattern on Nifty and if breakout happens, then it leads to fall. Trade: Short level - 9904 Level 1 - 9886 Level 2 - 9865 Stop loss - 9920
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Falling Wedge pattern formation on Tatasteel and its for day trade only. Trade: Buy above - 560.00 Target 1 - 562.50 Target 2 - 565.00 Stop loss - 557.00
One can clearly observe: nice rotation of price inside a channel; the wedge formation; and the price bouncing from a support line (red dashed line). Currently the stock has retraced back to an important confluence point at 214-215 zone. On short side, a break below the confluence zone can take the price to 310.50 and 307.50 levels. Stops would be above 320. On...
Falling Wedge pattern formation on ACC and it will break only on long side but if does in other direction, consider as false breakout or pattern failure. Trade: Buy above - 1625 Target 1 - 1656 Target 2 - 1682 Target 3 - 1711 Stop loss - 1580
Falling Wedge pattern formation on Siemens and it will break on upside. Trade: Buy above - 1345 Target 1 - 1365 Target 2 - 1387 Target 3 - 1405 Stop Loss - 1317
It seems in Daily chart a Falling Wedge pattern formed on NSE:ARVIND . Once it Brakes the resistance, we can expect a sharp bullish rally. Go long after the brake-out as in the chart, target 428, sl 356. (Note: Stock market investments are subject to market risks. Do Your own study before making any positions)
Happy Monday Guys, As I always say - only we the traders welcome Monday with happiest smile :) Atleast I do, bcos we are getting back to what we love to do. So here we have bullish run in IGL then wedge kinda broadening formation, then breakout to upside, so longs are wise in IGL, towards the target of 1200's -1180's zone. Check what's your risk before entering,...
It is been observed on the Hourly chart that the price action is trending down in a downward wedge or triangle formation, taking support and resistance at the marked trend lines. Now, it has touched the higher trend line or resistance and now it shall retrace and further go down to the support trend line. Target: 670 Stoploss: 692 RR: 1:3
It is been observed on the daily chart that the price action is breaking out from a rising wedge indicating a further bearishness and weakness ahead. Target 1: 1500 Target 2: 1480 Stoploss: 1560
This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward. Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward. This pattern forms over a period of approx 6 months. Break out came with a gap , hence signalling price may go down further. Support for the...
Enter the direction of breakout , usually rising wedges breakout to downside, but lets see. The advantage of anyside breakout trader and not guessing direction is , you can make money on anyside even if one side ( false break ) happens.
Rising Wedge Pattern formation on SRTRANSFIN and lead to fall once if broken the pattern. But MACD not clear bearish, seems bearish on bullish trend. Trade: Short below = 1057 Target 1 = 1044 Target 2 = 1032 Stop loss = 1067
Hello Fellas, The pair is still ranging in 60 pips. there is no clear direction on the pair. A break above 1.0690 would trigger 1.0733 then 1.0766 & 1.0799. on the flip side next support lies at 1.0620,1.0600,1.0590. Trade at the breakout of the falling wedge & the resistance trend line & confirming it with the RSI & the Bollinger band. Note: Everything works...
NSE:CIPLA is at an important support tracing back to 2014. It's currently trying to overcome it and has a positive market structure with good trend strength. As you can see it is having 2 rising wedges forming, a smaller one inside the bigger one . Indicating a very good sign of bullishness. One should expect upside and look for long trade opportunities.