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Wedge

Bandhan Bank -Potential Breakout in Progress (Upside Target-430) I suggested somewhere that market participants should start looking at this stock and hold it in their portfolio with an upside trigger of 265 and a final target of 430, to be reviewed later. No surprise – the stock has started moving from our desired zone of 155-175. What a low 169 . Will it cross 265 and later 430? Only time will tell. Pattern: Falling Wedge (Similar to Adani Wilmar as discussed earlier) Such patterns swiftly move towards its starting point. In this case it is 430 From WaveTalks Abhishek
NSE:BANDHANBNKLong
by WaveTalks
4
VINATI - LARGER WAVE - BREAKOUT - BULLISH - LONG TERMHi Folks, Vinati organics has been in price as well as time correction since September 2022. Almost, corrected for 2 years and maintained a falling wedge, cooling off RSI on weekly and Monthly timeframes while correcting for almost 700 points. Fundamentals Stocks in chemical/speciality chemicals sector are mostly sitting on operational capex with stable Margins, good order book and good PAT figures YOY. PE de rated and cooled down to their MEdian PE as compared to 2021 levels where it zoomed off. Operational leverage is yet to be played and PE expansion might kick in. Technicals 1. Clear breakout on Weekly timeframe from falling wedge. 2. RSI made higher highs eventually breaking from falling trendline. 3. Overall Structure of larger trend is bullish wherein we are completing wave 4 and ready fro larger wave 5. 4. Price might retest 30 WEMA or consolidate around it but shall continue its upmove. Not a trade recommendation, please do your own due diligence.
NSE:VINATIORGALong
by KunalSaxena10
Great Shorting opportunity in ABBABB is around the Long Term Resistance ABB is up almost 1200% in last 4 years ! Which is very extraordinary. If we analyse Monthly timeframe analysis then we can clearly see Stock is around the long term channel Resistance. Resistance is coming around 9200-9300 Also to confirm the same resistance, on a Daily timeframe we can see Rising channel which is seems working and stock is around the resistance. Right now stock is around 9200-9100 and if stock falls from the highs then we can expect stock to come around 7200-7300 Thank you !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:ABBShort
by FiveCircles
INDIAN HOTELS - Swing Trade Analysis - 8th June #stocksINDIAN HOTELS (1D TF) - Swing Trade Analysis given on 8th June, 2024 Pattern: FALLING WEDGE BREAKOUT - Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress Please Note: - Because of Fridays crazy move in the Nifty, there might be a pull back till the Trendline so ensure correct position sizing - If not, then it automatically gives us a small SL and you can pyramid into as it rises * Disclaimer
NSE:INDHOTELLong
by TradeRyteStockz
FinNifty weekly expiry analysis for 18/06/2024.FinNifty has been trading in a rising wedge pattern in the last week and has closed around the resistance levels. Tomorrow is the weekly expiry of the index and chances of a trending move is there as the market has consolidated in a narrow range. In the last trading session, finnifty has consolidated in a 40 points range after the hour of trading. Markets were close for 3 days and probability of a gap up/down are high. If there is a flat opening in the range, break out or break down can be traded as there the market scenario. If there is a gap up opening, let the market retest the resistance levels (now acting as a support zone) and entry once the the market cross the day high can be made. Support levels :- 22280, 22190 Resistance :- 22500, 22656 The VIX has cooled down and the option premiums are cheap. Watch for a trending market and adhere to the trailing stop loss strategy to capture the trend. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
TITAN [falling wedge pattern]Pattern : The chart seems to show a falling wedge pattern , indicated by the converging downward-sloping red dashed lines. This pattern typically suggests a potential bullish reversal . Support Zone: The chart highlights a support zone in red at the bottom, where the price has bounced back. This indicates that buyers are stepping in at this level, providing strong support. Volume Analysis : The chart also shows volume bars. There is a noticeable increase in volume when the price hits the support zone and starts to move up. This increase in volume often validates the strength of the support and the potential for a bullish move. Price Projection: The blue dashed line projecting upwards suggests an expected bullish breakout from the falling wedge pattern. Based on these observations, the future movement predicted by the pattern indicates a potential upward trend. If the price successfully breaks above the upper boundary of the wedge with significant volume, it could signal a strong bullish trend continuation. The chart suggests a bullish outlook if the price breaks above the falling wedge's resistance line with strong volume. for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:TITANLong
by asAMOLSUTAR
Is NOTUSDT About to Breakout? Get Ready for a Potential Move!Yello, Paradisers! Have you seen the recent pattern form in #NOTUSDT? 🚀 Could this be the opportunity we've been waiting for? 💎#NOT has formed a falling wedge, typically a bullish pattern. This setup suggests that we might be on the brink of an upward movement. Here's what to look out for: 💎If we see a sharp fall and then a bounce from the bullish Order Block (OB), followed by an Internal Change of Character (I-CHOCH), it will significantly increase the probability of a bullish move. 💎A direct breakout of the falling wedge can be tricky. It's crucial to watch for a candle close above the resistance level to avoid potential traps. This will ensure a safer, higher probability setup for entry. 💎If the bullish OB breaks down, it's better to stay cautious and wait for a more favorable price action to develop. Patience is key here. 🎖 With the potential for a major move, it's essential to stay disciplined and wait for the best, high-probability trading opportunities. Remember, the market will reward those who are patient and strategic. Trade smart, Paradisers, and keep mastering your willpower. This approach will put you ahead of the majority in the crypto trading game. Be a PRO and stay focused on your trading strategy. 💪 MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan