WE WON’T MAKE IT.’ ‘No, wait, should we?’ ‘No, we won’t.’ ‘Well, let’s make it!’ This probably was the conversation that took place before Jaguar came to the conclusion that an SUV is a must in their portfolio. Hence the Jaguar F-Pace
The immaculate designing skills of Ian Callum & his team won’t stop with F-pace as it gets ready to launch E-Pace.
E-pace packed...
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
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.
Symmetric Triangle on SBI and it may break either side. one more formation called falling wedge ( combine with orange and top yellow line but it will break on top ( bullish). Moreover SBIN currently lying on Strong support and statement - MAKE or BREAK
Levels for Long: (Make)
Level 1 - 259
Level 2 - 265
Level 3 - 273
Levels for Short: (Break)
Level 1 -...
Let me ask this first, How many of you are frustrated bcos of almost no movement in Nifty ?! Almost we are stagnating within 100 point range from Oct 19th. Intra's will be having chances here n there but positional ones will be irritated to the core bcos of no movement & no trade setup emerging out of Nifty.
B's Shopping Theory :
Am not sure about the exact...
