Get started

Wedge

DISNEY WDP on a Long term Support !Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Falling Wedge 📌 Symbol/Asset: WDP DISNEY 🔍 Description: Stock is around long term support. Stock might not come around the same level again . Stock is also making falling wedge in a downside rally, so we can see huge momentum after falling wedge breakout !! We can expect minimum 200-400% returns in coming years !! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
XETR:WDPLong
by FiveCircles
Nifty 50: Rising Wedge in a Strong Economic Climate!The Nifty 50 index exhibited a complex behavior, oscillating between 20,850 and 21,000, indicative of a period of consolidation. The chart reveals a rising wedge pattern, typically seen as a bearish signal in technical analysis. This pattern emerges amidst the index surpassing the 21,000 mark, reflecting strong economic indicators. For traders focusing on short-term movements, the 15-minute candle charts are essential for identifying immediate opportunities, especially in light of the expected increase in volatility due to the leap year and forthcoming elections in India. Disclaimer - fyers.in
NSE:NIFTY
by FYERS
BTC to $39K: Is this the beginning of Bullish trend?BINANCE:BTCUSDT is approaching higher levels after a prolonged wait. According to the current trend, BTC is likely to reach $39000, possibly even $40000 by the end of this month, followed by a correction to the $34000 range. This could be the last opportunity to maximize the benefits of the upcoming bull run. Starting in mid-December, a significant capital inflow into BTC is expected due to increased institutional adoption. With the Halving approaching and positive market sentiment surrounding the "inevitable" spot ETFs, this increased capital inflow will act as a catalyst for the bull run. However, before that happens, a minor correction to the $34K levels is anticipated. Therefore, it's advisable to have some stable coins on hand to take advantage of potential buying opportunities during the dip. #WAGMI
Long
by UnknownUnicorn34628734
1
EIH Ltd forms bullish "Continuation Wedge" chart patternA "Continuation Wedge (Bullish)" chart pattern formed on EIH Ltd ( NSE:EIHOTEL ). After a temporary interruption, the prior uptrend is set to continue. This bullish signal indicates that the stock price may rise from the close of 232.20 to the range of 249.00 - 253.00 PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:EIHOTEL
by hardeepssethi
#ULTRACEMCO #RisingWedge long needs to be cautious Ultracemco on weekly timeframe (although weekly closing is pending) is forming a rising wedge pattern and suggest that longs here need to be very cautious or start booking/trailing the profits. Rising wedge pattern can be both a bearish continuation and bearish reversal pattern, when it is accompanied by declining volume it is a deadly combination and a clear signal for trend reversal or bearish trend continuation. There is clear divergence of price and volume visible in charts where the rise from Jan'23 lows to until now hasn't seen increase in volume. Bulls need to protect 6990 level on weekly closing basis to avoid activation of this pattern otherwise there is high probability of this setup getting activated and giving some pain to bulls here and 15-20% correction post breakdown can come. Rising wedge patterns offer very low risk/high reward ratio and often they don't need confirmation of the breakdown as well as the target price which is generally placed around the bottom of the start of the trendline is achieved very fast. This is not a buy or sell recommendation and just an educational post.
NSE:ULTRACEMCOShort
by aktradelearning
Motherson sumi breakout - LongMotherson sumi has been consolidating in a falling wedge pattern for about two months now. It showed some strength yesterday. Today it broke out of the falling wedge with a solid volume too. Do note the point from where it took support yesterday is also the price(86 ish) where the gap was created on July4-5th 2023. Stop loss -86 Target 1 - 98.5 Target 2 - 103 Target 3 - 120 Buy the dip. Disclaimer: I do have positions in this. And would be selling it as and when I see fit.
NSE:MOTHERSONLong
by Gowri_vis
Federal-Mogul Goetze (India) Ltd - Looks Good!The chart for Federal-Mogul Goetze (India) Ltd ( NSE:FMGOETZE ) shows a bullish chart pattern known as a "Continuation Wedge (Bullish)." This pattern suggests that the stock price, currently at 350.45, is likely to increase in the near future, with a first potential target price of 377.70 In essence, the Continuation Wedge (Bullish) indicates a temporary pause in an ongoing uptrend. It is characterized by two converging trendlines, both sloping downward against the prevailing uptrend. During this phase, there is a battle between bears (sellers) and bulls (buyers). However, ultimately, the bulls gain the upper hand, as the stock's price breaks above the upper trendline. This breakout signals a continuation of the prior uptrend, suggesting that the stock is likely to resume its upward movement. In simpler terms, it's like a brief pause in an upward trend, but the bulls are expected to take control again and push the stock's price higher. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:FMGOETZE
by hardeepssethi
GAIL_ Positional Long above Rs 134.20_ (1:3) Risk RewardGAIL was consolidating near its support line for 3-4 days. I am planning to go long if it moves above Rs 134.20 tomorrow. The risk reward looks attractive (1:3) Entry: 134.20 SL: 129.90 Target: 149 Important Points: 1. Please note that Rs 150 is very strong "monthly resistance". Therefore, booking profit at Rs 149 level is best for us. 2. Look, whenever the price opens gap up (say 140), the people who bought earlier start booking the profits, Hence, that will not be suitable entry. But, if share open flat, start moving upwards slowly and steady, that's the BEST time to enter at the price I have provided. Disclaimer: Please do you own research before jumping into the trade. Till then just be a spectator and evaluate how the price moves near support. I already have open positions which I may hold or exit at my SL.
NSE:GAILLong
by UnknownUnicorn7637383
3
Auropharma : Riding the Wave: StockJumps from 397 to 1000 October 13, 2020: Identified a B-Wave shift in Auropharma (TradingView Idea Published as mentioned below), predicting a decline from highs of 1065 to lows of 397- was looking for Wave -C Downside. These are complex corrections so I changed them to X-wave (instead of B-Wave) January 30, 2023: Noted that Auropharma was close to completing an Ending Diagonal, which eventually ended the fall at the lows of 397. Ending Diagonal as per New School Analysis or Wedges as per Old School or Traditional Analysis are classical patterns which suggest that the structure is about to end & sooner or later opposite side move will start. This is the reason, why I picked this stock as portfolio stock for 1000+ as the ending diagonal started from the highs of 1065 which was most likely to get retraced 100%. February 27, 2023: Published an idea on TradingView suggesting Auropharma was preparing for a rise to 1000 as stock made a low of 397 & started rising. A classical example of V-Shaped Recovery on Monthly Chart using wave analysis. November 18, 2023 (Today): Auropharma achieved the target, touching over 1000+, just a few points shy of the previous high of 1065. This journey of Auropharma's stock is a real-world example of wave analysis in action and will be featured...story continues Regards, WaveTalks
NSE:AUROPHARMA
by WaveTalks
4
BCPL Railway Infrastructure Ltd - Continuation Wedge (Bullish)A "Continuation Wedge (Bullish)" chart pattern has emerged on the BCPL Railway Infrastructure Ltd (BSE) stock . This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00. This pattern took shape over a span of 33 days, roughly aligning with the anticipated time frame for the stock to reach the projected price range. These observations are based on established principles of technical analysis. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BSE:BCPL
by hardeepssethi