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Bharat Rasayan–Falling Wedge Breakout with 39% Upside Potential!Hello Everyone, i hope you all will be doing good in your life and your trading as well! Today i have brought a post which is on Bharat Rasayan – a classic case of a falling wedge breakout. After staying in a falling wedge pattern for nearly 10 months, the stock has finally broken out with a strong bullish candle and a clear volume spike. This breakout zone (9900–10200) also aligns with the downtrend line, making it even more valid. The best part? This has participated in rally yet, means there is a lot remain in this stock, please check chart above for entry, stop loss and targets. This setup is based on price action, chart structure, and previous pattern behavior. If you’re a swing or positional trader, this one’s worth watching! If you liked this idea, don’t forget to LIKE & FOLLOW for more clean, technical setups. Disclaimer: This idea is for educational purposes only. Do your own research before taking any trade.
NSE:BHARATRASLong
by TraderRahulPal
NIFTY Technical Breakdown – Rising Wedge Pattern🔻 NIFTY Technical Breakdown – Rising Wedge Pattern The Nifty 50 has broken down from a rising wedge pattern on the daily timeframe, a bearish reversal formation that often signals distribution at the top. 📉 Key Observations: Rising wedge breakdown after extended rally RSI bearish divergence confirming weakness MACD crossover turning negative Volume gradually decreasing during the rise, indicating exhaustion ADX flattening, showing weakening trend strength 📌 Support Levels to Watch: 23,783 – Key swing support 22,798 – Previous breakout zone 📌 Sectoral Rotation: Defensive sectors like Pharma & FMCG are gaining strength FII selling pressure, rising DXY, and global uncertainty continue to weigh on sentiment ⚠️ Outlook: Caution warranted in the short term. Watch for sustained close below 24,900 for further downside confirmation. Macro and global cues to play a key role ahead. 💬 What’s your view on Nifty's near-term direction? #Nifty50 #TechnicalAnalysis #RisingWedge #MarketOutlook #TradingView #ChartStudy #IndiaMarkets #BearishSetup #NiftyBreakdown #Puneet0130
NSE:NIFTYShort
by Punit190
GOLD (XAUUSD) 4H Analysis – Breakout Imminent from Rising Wedge!Gold is currently trading at 3353.39 after completing a well-defined ABCDE rising wedge structure on the 4H chart. The market is showing signs of exhaustion near the 3353–3373 resistance zone, with a potential bearish rejection likely to follow. 🔍 Key Highlights: Pattern: Rising Wedge (ABCDE complete) – a classic bearish reversal setup. Sell Zone: 3353.88 to 3371.62 – Expect high volatility and sharp rejection. Target: 3296.36 – Marked as the first major support zone. Risk Management: Strong R:R setup with invalidation above 3373.93. Heikin Ashi candles show weakening bullish momentum near the top. 📉 What to Watch: If price confirms rejection below 3353 with bearish pressure, a sharp fall toward the 3296 level could follow. Breakout traders and swing traders should stay alert – this could be a textbook move. 📌 Professional Insight: This setup is not just a pattern – it's a psychological battlefield between bulls pushing exhaustion and bears waiting to strike. The next few candles could define the mid-term gold trend. 🚨 Don’t miss this potential opportunity. Mark your levels. Stay disciplined. #GoldAnalysis #XAUUSD #ForexTrading #SwingTrade #TechnicalAnalysis #HeikinAshi #BreakoutSetup #SmartTrading #RiskReward #TradingEdge
FX:XAUUSDShort
by Chandigarh_trades
Bank nifty correction start now?Bank Nifty Current Price: 56,791.95 (Spot) Bank Nifty has reversed lower from the resistance trendline, confirming selling pressure near higher levels. A Dark Cloud Cover candlestick pattern combined with an emerging M-top formation indicates potential short-term bearish sentiment. It can short here or any bounce use as shorting opportunity for target 56,056 Major resistance is 57,400-57,700 The index is forming a rising wedge pattern, a bearish structure suggesting potential for deeper correction if key support levels are breached. Key Support Levels: Immediate support is identified at 56,056 (trendline support). A decisive close below 56,056 may accelerate selling pressure, opening downside targets toward: 55,342 , 53,908
NSE:BANKNIFTYShort
by tradetechnicalanalyst
Tech Mahindra Consolidates in a Wedge After Strong Support at KeTopic Statement: TechM has been stuck in a consolidation zone, rebounding from strong support levels and forming a wedge pattern that may signal an upcoming breakout. Key Points: * The stock corrected up to the 30% Fibonacci retracement level, finding strong support around 1314 * It touched the 200-day moving average, which acted as a support and triggered a rebound * The candlestick formation resembles a wedge, clearly marked on the chart with blue trend lines, indicating potential for a decisive move ahead
NSE:TECHM
by yogeshwar
CAMS – Rising Wedge in Focus ________________________________________________________________________________ 📈 CAMS – Rising Wedge in Focus 🕒 Chart Type: Daily ________________________________________________________________________________ What’s Catching Our Eye: CAMS is forming a Rising Wedge, a technical structure that often leads to strong directional moves. The price is nearing the upper boundary of the wedge, indicating possible breakout or reversal. This contraction in range is typically followed by expansion — and smart traders are watching closely. ________________________________________________________________________________ What We’re Watching For: Price holding above ₹4201.40 could trigger interest from early participants. On the flip side, a breakdown below ₹4090.50 may signal failure of the wedge structure. For more confirmation-driven entries, one may wait for a proper breakout or breakdown candle with volume. ________________________________________________________________________________ Volume Footprint Analysis: As expected in wedge formations, volume has compressed. A breakout supported by volume expansion could validate the move and offer confidence in continuation. Volume is the key trigger to watch once the wedge resolves. ________________________________________________________________________________ Option Structure Insight: For educational purposes, one could observe a neutral hedge approach using options: – Buy 4200 CE – Buy 4100 PE This can potentially help capture a sharp move in either direction. Once the move confirms, the opposite leg can be exited to ride the trend with managed risk. Price Action Logic: Rising wedge formations typically form after a directional up-move and narrow into a tightening range. This is often followed by an impulsive expansion phase. CAMS is showing that exact setup. The price is sandwiched between key resistance at ₹4200+ and demand near ₹3880. ________________________________________________________________________________ 💼 Sector Tailwinds: CAMS, operating within the mutual fund RTA space, benefits from India's rising retail participation and SIP growth. The digitalisation of mutual fund flows, compliance demand, and data-based services lend long-term support to this sector. These factors offer fundamental strength to this technical setup. ________________________________________________________________________________ ⚠️ Risks to Watch: – A close below ₹4085 could invalidate the bullish wedge setup – Current price behavior reflects compression, but indicators like Stochastic may suggest near-term overbought conditions – Avoid chasing — wait for confirmation via breakout + volume or a proper retest candle – Do not over-leverage in a low-volume wedge structure — focus on proper R:R and sizing ________________________________________________________________________________ 🔮 What to Expect Next: If the wedge breaks upward and sustains above ₹4201.40 with volume, price expansion may be observed toward ₹4330–₹4450 zone. On the downside, a breakdown below ₹4090.50 may trigger a move toward the ₹3950–₹3880 support cluster. Watch for confirmation in the next 2–3 sessions before taking directional exposure. ________________________________________________________________________________ 🧠 How to Trade CAMS (For Educational Use Only): 🔹 Breakout Trade Plan • Entry: Above ₹4201.40 • Stop Loss: Below ₹4090.50 (closing basis preferred) • Pullback Entry: If price returns to ₹4095–₹4105 zone and shows bounce confirmation • Risk-Reward: Start with 1:1, trail for 1:2+ • Position Sizing: Based on risk, never overexpose in a wedge 🔹 Options Strategy (Educational View) • Buy CAMS 4200 CE • Buy CAMS 4100 PE • Exit the losing leg once direction confirms with price + volume breakout ________________________________________________________________________________ 📍 Levels to Keep an Eye On: The first key level to observe is ₹4201.40 — a break above this may attract early interest from aggressive participants as it represents the upper boundary of the rising wedge. On the downside, ₹4090.50 acts as the breakdown level; if breached, it could suggest structural weakness and a potential shift in trend. In case of an upward breakout, we are closely monitoring the ₹4330–₹4450 zone as a possible price expansion area. If the breakdown plays out instead, the ₹3950–₹3880 zone becomes important as a potential reaction area or demand test. Historically, the ₹3880–₹3950 range has shown signs of buyer interest and may act as a demand zone if retested. On the upside, ₹4320–₹4400 has acted as supply in the past and could present resistance if the price extends higher. A close below ₹4085 would invalidate the bullish wedge structure and may require a reassessment of directional bias. ________________________________________________________________________________ ⚠️ Disclaimer (Please Read): • This chart is shared for educational purposes only and is not investment advice. • I am not a SEBI-registered advisor. • The information provided here is based on personal market observation. • No buy/sell recommendations are being made. • Please do your own research or consult a registered financial advisor before making any trading decisions. • Trading involves risk. Always use proper risk management. ________________________________________________________________________________ 💬 Found this helpful? How would you prefer to approach this — breakout entry or pullback into zone? Drop your thoughts or questions in the comments below ⬇️ 🔁 Share this post with your trading community. ✅ Follow @SimpleTradeWithPatience for price-action backed technical setups. 🚀 Let’s trade with patience, logic, and clarity! Be Self-Reliant | Trade with Patience | Learn with Logic ________________________________________________________________________________
NSE:CAMS
by simpletradewithpatience
Wipro Trades in a Tight Wedge After Support-Led ReversalTopic Statement: Wipro, a lagging IT stock, has shown signs of reversal after strong support at the 50% retracement level, with a wedge pattern hinting at a decisive breakout ahead. Key Points: * The stock retraced to the 50% Fibonacci level at 225, where it found strong support and reversed * Price had dipped below the 180-day EMA during the correction, further reinforcing the significance of the support zone * A wedge pattern is now forming, and a breakout on either side could define the next major move
NSE:WIPRO
by yogeshwar
MGL: A study on wedge BO with 1:5 RR• MGL was consolidating in a tight range for the last 7 months. • It has formed a rising wedge. • Last 1 months showing significant volume buildup confirming big boys already entered in the trade. • Today it broke out the wedge with significant volume and strong hourly closing. • A massive 480 points move is possible in positional bases. • All the T1 (gap border 1689) and T2 (1986) mentioned in the chart. • SL for position should be 1425. • Currently a RR opportunity of 1:5. • Please note the daily candle yet not closed. Wait for a daily candle closure and make a decision. • Idea is for educational purpose and explore the price action learning with trading psychology. • Have fun traders!!! 😊
NSE:MGLLong
by trader_ghosh
RPGLIFE | Falling wedge breakout ### 📊 **RPG Life Sciences Ltd - Technical Analysis Summary (Daily Chart)** #### ⚡ **Breakout Observed** * **Pattern**: Falling wedge breakout * **Breakout Candle**: Strong bullish candle with \~6.88% gain on significant volume (107.98K) * **Resistance Line Broken**: The upper descending trendline has been convincingly breached #### 🎯 **Target Projection** * **Measured Move**: ₹908.40 (from widest part of wedge) * **Breakout Target**: **Breakout Point**: ₹2,260 approx **Target Price**: ₹2,260 + ₹908 = **₹3,176** #### 📌 **Key Price Levels** * **Current Price**: ₹2,416.70 * **Support**: ₹1,954 (recent base support) * **Resistance/Target**: ₹3,176 * **Stop Loss Suggestion**: Below ₹2,100 or the wedge's upper line retest zone #### 📈 **Indicators & Volume** * **Volume**: Spike confirms breakout strength * **RSI**: 66.28 – bullish with breakout above descending RSI trendline * **EMA Confluence**: * EMA-8: +4.65% * EMA-21: +7.86% * EMA-55: +9.72% * EMA-144: +10.6% #### 🧠 **Inference** * A **bullish breakout** from a long consolidation zone. * Volume and RSI confirmation add strength. * Expected 30–40% upside from breakout level.
NSE:RPGLIFELong
by DailyCharts03
MGL: Rising Wedge Breakout Sets Stage for Explosive RallyNSE:MGL : Rising Wedge Breakout Sets Stage for Explosive Rally after management guidance of double-digit volume growth for the next three to four years. Price Action Analysis: • Stock has formed a classic Rising Wedge pattern from November 2024 lows around 1,075 to current levels near 1,433 • The wedge shows converging trendlines with higher highs and higher lows, typical of consolidation before a breakout • Recent breakout above the upper trendline around 1,400 levels confirms bullish momentum • Price has rallied 33% from the wedge base, indicating strong underlying demand Volume Spread Analysis: • Volume spikes are visible during key breakout moments, particularly in recent sessions • Higher volume on up days compared to down days suggests institutional accumulation • Volume expansion during the wedge breakout confirms genuine buying interest • Recent green volume bars indicate sustained buying pressure supporting the uptrend Key Technical Levels: Support Levels: • Immediate support at 1,380-1,400 (previous resistance turned support) • Secondary support at 1,300 (middle of the rising wedge) • Major support at 1,200-1,250 (lower trendline of the wedge) • Critical support at 1,075 (November 2024 lows) Resistance Levels: • Immediate resistance at 1,450-1,470 (psychological levels) • Next resistance at 1,500 (round number resistance) • Extended target at 1,600-1,650 based on wedge height projection • 52-Week high resistance around 1,988 (historical peak) Technical Patterns: • Rising Wedge pattern near to completion with successful breakout • Multiple higher highs and higher lows confirming uptrend structure • Potential cup and handle formation on longer timeframes • Bullish flag consolidation patterns within the broader uptrend Trade Setup: Entry Strategy: • Primary entry on pullback to 1,400-1,420 levels (retest of breakout zone) • Aggressive entry at the current market price of around 1,433 for momentum players • Scale-in approach: 50% at 1,420, 25% at 1,380, 25% at 1,350 Exit Levels: • First target: 1,500 (16% upside from current levels) • Second target: 1,600 (22% upside potential) • Extended target: 1,700-1,750 for long-term holders • Trailing stop-loss strategy recommended above 1,500 levels Stop-Loss Placement: • Conservative stop-loss: 1,320 (below wedge support) • Aggressive stop-loss: 1,380 (below immediate support) • Risk-reward ratio of 1:2 to 1:3 depending on entry and exit points Position Sizing and Risk Management: • Allocate a maximum of 2-3% of the portfolio to a single position • Use a 1% risk per trade rule based on stop-loss distance • Consider partial profit booking at 1,500 levels • Maintain position size discipline to avoid overexposure Sectoral and Fundamental Backdrop: Sector Analysis: • City Gas Distribution (CGD) sector showing resilience amid energy transition • The government push for clean fuel adoption, supporting the natural gas demand • Infrastructure expansion in tier-2 and tier-3 cities benefiting CGD companies • Regulatory environment remains supportive with steady tariff mechanisms Fundamental Strengths: • NSE:MGL operates in prime Mumbai and adjoining areas with stable demand • Strong cash flows from residential and industrial customer base • Consistent dividend-paying track record with healthy payout ratios • Robust balance sheet with minimal debt and strong return on equity • Expanding PNG and CNG network, providing growth visibility Key Catalysts: • Increasing vehicle conversion to CNG, supporting volume growth • Industrial demand recovery post-pandemic is driving commercial sales • Government policies favouring cleaner fuel alternatives • Potential for geographical expansion into new license areas Risk Factors: • Crude oil price volatility is affecting input costs • Competition from electric vehicles in the transportation segment • Regulatory changes in gas pricing mechanisms • Economic slowdown impacting industrial demand My Take: The technical setup suggests NSE:MGL is well-positioned for continued upward momentum following the rising wedge breakout. The combination of strong fundamentals, supportive sector dynamics, and bullish technical patterns creates an attractive risk-reward proposition for both swing and positional traders. However, traders should remain disciplined with position sizing and risk management given the stock's premium valuation at current levels. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:MGLLong
by Karanshah137
9
Banknifty : Rising wedge break out with liquidity trap• BN was trading in a rising wedge from 7th May. • An event of liquidity trap for the sellers occurs on 9th of May when market traded below the wedge. • A Marubozu candle on 12th May opening indicate the big boys wants to move the BN upward and grab all the seller's liquidity. • A higher high pattern is clearly visible on the rising wedge with resistance and support trendline. • A consolidation of approximately one month indicates accumulation phase. • 06th of June opening candle broke the wedge. • A retest happens in next 2 days. • On 11th June a retest entry trigger on top of the wedge in opening hours. • A trade with 1:5 RR with a target of long run channel mid point. • Preferable a bull call spread due to recent volatility crash and high risk to reward. • Game is on. Just for educational purpose post.
NSE:BANKNIFTYLong
by trader_ghosh
Emudhra Watchlist StockEmudhra's Triangle Breakout Drama: Why This Digital Security Stock Could Rally 15% from Current Levels Price Action: Looking at Emudhra's daily chart, we're witnessing a textbook technical setup that could offer substantial rewards for patient traders. The stock has been consolidating in a well-defined triangle pattern since late April, with price action compressed between converging trend lines around 720-780 levels. The current price action shows Emudhra testing the upper boundary of this Wedge formation at approximately 775-780 resistance zone. What's particularly interesting is how the stock has maintained its position above the key psychological level of 750, suggesting underlying strength despite the recent market volatility. Volume Action: From a volume perspective, we've seen relatively subdued activity during this consolidation phase, which is typical behaviour within triangle patterns. However, any breakout above 780 with accompanying volume surge would validate the bullish continuation thesis. The base formation here spans roughly 6-8 weeks, providing sufficient time for weak hands to exit and strong accumulation to occur. Support levels are clearly defined at 720 (triangle lower boundary) and 700 (psychological support), while immediate resistance sits at 780, followed by the major level at 880. The triangle pattern, combined with the stock's position above key moving averages, suggests a potential measured move target of around 850-870 levels, representing approximately 10-15% upside from current levels. Trade Setup: Entry: 782-785 on breakout with volume confirmation Target 1: 820 (initial resistance) Target 2: 850-870 (measured move target) Stop Loss: 750 (below triangle support) Risk-Reward Ratio: Approximately 1:2.5 Risk management is crucial here - the stop loss at 750 provides a reasonable buffer while maintaining favourable risk-reward dynamics. Traders should wait for a decisive breakout above 780 with at least 50% higher than average volume to confirm the pattern completion. Sectoral Backdrop: The digital security and cybersecurity sector has been gaining traction globally, with increasing digitization post-pandemic driving demand for authentication and security solutions. Emudhra operates in the digital trust space, providing digital signature solutions and PKI services, which positions it well for the ongoing digital transformation wave. Fundamental Backdrop: While technical analysis drives this setup, Emudhra's business fundamentals appear supportive, with the company's focus on digital identity solutions aligning with government initiatives like Digital India. The increasing adoption of digital signatures across various sectors provides a favourable operating environment for sustained growth. Risk Factors: Technical Risks: - False breakout possibility if volume doesn't support the move - A broader market correction could invalidate the pattern - Failure to hold 750 support would signal a pattern failure Fundamental Risks: - Intense competition in the digital security space - Regulatory changes affecting the business model - Economic slowdown impacting enterprise spending - Technology disruption in authentication methods My Take: The key catalyst to watch would be any major contract announcements or regulatory developments that could trigger the breakout. Given the tight consolidation and technical setup, this stock deserves a spot on active traders' watchlists for the coming weeks. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:EMUDHRA
by Karanshah137
10
Sensex - Expiry day analysis June 3Today price took support at 80650 zone and moved up. 81400 - 81500 will act as resistance and price should sustain above it to move up. Buy above 81160 with the stop loss of 81060 for the targets 81260, 81380, 81460, 81600, 81720 and 81860. Sell below 80900 with the stop loss of 81000 for the targets 80800, 80680, 80580, 80480, 80360, 80220, 80160 and 80080. Expected expiry day range is 80100 to 81700. Always do your own analysis before taking any trade.
BSE:SENSEX
by vanathi
CDSL – Leading Diagonal Kicking Off a Bullish Cycle?A possible new bullish impulse may be forming in CDSL, following a strong corrective downtrend. From the ATH at ₹1989.80, the stock completed a 5-3-5 Zigzag correction that bottomed out at ₹1047.45. The final leg (Wave C) shows the characteristics of an Ending Diagonal , signaling possible exhaustion and the end of the correction. From that low, the structure that follows appears to be a Leading Diagonal , possibly acting as Wave 1 of a new motive sequence. Despite its expanding nature, Wave 3 is not the shortest , and trendlines are respected — validating the diagonal structure. This upward move has completed five waves, currently labeled as Wave (1), (2), (3), (4), and (5), which together form a larger Wave (A) . If this structure turns out to be impulsive , this may not just be an ABC correction, but the start of a full 5-wave impulse: 1 → 2 → 3 → 4 → 5 Now, we’re likely entering a Wave (2) correction, typically retracing 0.382 to 0.618 of Wave (1) . This retracement could break below the diagonal trendline , shaking out late bulls. Post that, if the structure holds, we may see a strong Wave 3 advance — usually the most powerful leg in any impulse. This is a hypothesis, and structure confirmation will be key. If price fails to hold support zones or shows structural invalidation, the count will need to be revised accordingly. Tools Used: Elliott Wave, Fibonacci, Trendlines Timeframe: 2H This is not a buy/sell recommendation — purely an educational analysis. Chart will be updated as price action evolves.
NSE:CDSLLong
by WaveXplorer
5