Auro Pharma looks attractive... Fundamentals : Strong, Fairly valued..Among Pharma Leaders, Consistent on Sales, Profits, EPS. High Reserves vs low debt.. Technicals : Broken Falling Wedge.. Weekly closing above 21 EMA, Good RR R1: 555 R2: 635 R3: 740 SL : 430
PRECOT (W):- A falling wedge is formed by two converging trend lines when the stock's prices have been falling for a certain period. Before the line converges the buyers come into the market and as the result, the decline in prices begins to lose its momentum. This results in the breaking of the prices from the upper trend line.
Hello Traders! 1. We see a clear 5-wave impulsive move forming a leading/ending diagonal. 2. It could be Wave 1 or Wave A. 3. Targets and stop have been marked on the chart. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
TVC:DXY is approaching a key daily structure support Levels of 103.4 to 103.8, is the zone to focus on Depending on the reaction of the market to FOMC meeting, one can anticipate 2 potential scenarios to emerge - 1) If price breaks the resistance of a falling wedge pattern on DTF, a bullish move can be expected 2) If price breaks the support of a falling...
Hello Traders! 1. Possible rising wedge in formation. 2. Sell below the Red Line. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
*for educational purpose only. 1) volumes are shocking in last few days. 2) taking support and getting reverse from golden ratio. 3) near breakout of falling wedge.
BalKrishna Inds 4 positive indications Loud Buy 1. Falling Wedge Pattern @ Support (Bullish Pattern) 2. Bullish Piercing Candle @ Support (Bullish Reversal Candle) 3. RSI Divergence 4. Price Rise with Volume Rise Buy above 2035 for target 2060-2100-2160-2185 SL 1950 Pattern Target 2225 SL 1950 It is just a view, please trade...
NSE:ITC is looking weak on daily and weekly charts. ADX just crossed 25 ( threshold that I consider ) for directional movement. The downside momentum can continue for targets mentioned on the chart as T1, T2 and T3. The conviction comes from simple price action setup ( weekly doji close and the current week candle closed below doji close ) and open interest...
Hey folks If you have check out about my bearish wedge educational post about s and p You have already understood the market situation now my target region for s and p is 3575$ Follow for more updates
DABUR Key highlights: 💡 ✅On 1Hr Time Frame Stock Showing Reversal of wedge Pattern . ✅ It can give movement upto the Reversal target of above 540+. ✅There have chances of Breakout of resistance level too. ✅ After Breakout of resistance level this stock can gives strong upside rally upto above 558+ .
Btc Looks like has formed a falling wage pattern and it is at the Last Elliot Wave
Euro to Indian Rupee pair (EURINR ) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI. The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 86.8 on the EURINR spot pair. SL may be kept above previous high, around 89.30.
Banknifty after a extreme bullish view posted way back (link in related idea section) has achieved most of the upside targets. The current weekly candle is not looking promising which has also formed on the top line of pitchfork which I had drawn long back, On weekly charts it has made a rising wedge kind of pattern and it has also not retested the previous ATH...
NSE:VOLTAS Voltas Positional Pick Technical:- Voltas ltd has given some fake moves after the breakout of the falling wedge but it is not able to hold the shorts and bounced back above the pattern. On 10th Feb it has given a strong range breakout with strong volumes, we are planning to take entry upon breakout Retest so it can add more confluence. (entry in...
NSE:VOLTAS trade levels, in either way, is mentioned in the chart. As RSI in 30m chart showing a small breakdown a uptrendline, may be little down is possible. Roughly 900-925 is the consolidation zone. Volume is not there. Checking the OI Data: 1. Max support: 900 (call unwinding and put addition happens) 2. Most interesting: at 920 roughly little more than...
Trend deciding zone is 17480 - 17520. Buy level is 17520. Sell level is 17400. Watch the video to know about expected range for expiry.
TVC:UKOIL seems to have completed triple zigzag correction in wave 2. Near to breaking out of Falling wedge. A Robust Rally in Wave 3 of Bull Market which can take it abv $300 in next 2 years. Bullish OIL is Bullish for stock market.
Stock is maintaining it's HH and HL structure and trading along the trendline. If stock breaks above trendline then we could see 3800-3900 levels and the sl can be kept at the trendline.