Heromotoco has given breakout from Flag formation after being in a range for about 2 months. With this it is likely to touch 4200-4250 levels. Stop Loss should be closing below 3750 levels.
Rising Wedge pattern on DHFL and the price will fall after the breakout of pattern. Trade: Short below - 442 Target 1 - 427 Target 2 - 410 Stop loss - 461
Buy above 794 for 820 Target Downside 785 should hold. Below 768 its completing Descending triangle I'm hoping that 768 will not break.
Rising Wedge pattern on Indian Bank and if the price break the pattern, it leads to hit 295. Trade: Short - 309 Target - 295 Stop loss - 317 Reward Points - 14 Risk Points - 8
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
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
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...