Confidence Petro Analysis Target 2x Huge Volume Build Up Plan
Pattern Breaking
Monthly Chart looking really interesting
Weekly Chart rising wedge pattern
SL 70
Target 1: 150
Target 2: 200 Long Term
Wedge
TTK Prestige-Weekly Falling Wedge breakout
-Resistance Zone around 880-910
-Good for longs after retest if falling wedge breakout
NIFTY still BULLISH unless it breaches 19200 levelsAs we can see NIFTY has shown unidirectional fall despite the break of trend but as we had been analysing since last few days that until and unless NIFTY closes below the trendline we can expect every dip as a buying opportunity hence tomorrow if NIFTY opens weak or flat we may see a strong recovery in the first half so plan your trades accordingly
falling wedge pattern nifty 50 falling wedge pattern found in nifty 50 in daily time frame.
best buying between 19160-70
NIFTY couldn’t sustain itself in higher levels, a possible trap?As we have analysed in our previous analysis that NIFTY could possibly show a strong upmove if breaks the given pattern but it opened with huge gap and which finally led to filling of gap with strong selling in the second half. Now as long as NIFTY doesn’t breaks below the following pattern every dip is a buying opportunity so plan your trades accordingly
Can NIFTY break out of this falling wedge pattern this time..?As we can see NIFTY had been sideways throughout the day despite opening strong and went back inside the pattern and remained sideways. Now we can expect NIFTY to finally break off from this pattern for a big move positionally which could be till a new high for NIFTY so plan your trades accordingly everyone
Falling wedge in SaregamaNot so frequent pattern is seen in Saregama.
if stocks break above the wedge we can get good momentum.
It is not very easy to trade this as it can take lot of time to give breakout.
Will monitor and update this idea as and when there is any movement.
nifty might break downward reasons read descriptionhi guys,
that is rising wedge where chances of breaking down are high and resistance is exactly neck line of an head and shoulder and adx shows trend strength is weak,so in my opinion this is just a pull back , i think it will break down lets see what happens
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
NIFTY in falling wedge pattern, ready to REVERSE..?As we can see NIFTY showed a strong reversal from the trendline as we analysed in the last post and showed over 100++ points of recovery but failed to continue its up move as it got rejected from the above trendline, Hence we can expect NIFTY to show a strong movement from here as if it breaks and sustains itself then we can see NIFTY making new high else nifty can remain sideways to negative for coming trading sessions trapping showing weakness so plan your trades accordingly
28 Aug ’23 Post Mortem on Nifty - critical juncture 19310Nifty Analysis
Contrary to the expectations, today turned out to be a boring day. The open was right at the SR level of 19310, still it was gap up as our prior close was near 19250 levels. Even then the resistance breach did not come then, we had to wait till 11.15 for a 5mts candle above the SR zone.
BankNifty was looking in tremendous form today, we will discuss that separately in the analysis below. Due to this Nifty was also staying afloat, the real breach of resistance came at 12.30 only. And it looked like we may break out from the channel today.
But by 14.05 it became quite clear that we will not have a break-out today. Surprisingly Nifty gave a final close below 19310 which still gives hope to bears.
On the 1hr chart - things are still not clear. There is an overlap of 2 technical patterns.
1. Walling wedge
2. Bearish channel
Most importantly the 19310 support/resistance stands in between. A break in support may cause Nifty to follow the bearish channel. Whereas a breach in resistance will give Nifty breakout momentum as it exits the falling wedge. I wish to go with a neutral stance for tomorrow till we get some clarity.
bANK nIFTY - hRLY - fALLING WEDGEBank nifty in hourly time frame found falling wedge breakout and consolidation done. target and stop loss updated in chart
What if its a bullish flag?Something to debate & research on.
Although nifty is in a bearish trend on the 1hr and 1D time frames. On the weekly TF it resembles a bullish flag.
what do you think ?
23 Aug ’23 Post Mortem on Nifty - India Lands on Moon 🌒🌓🌕Nifty also closed in the green today but did not have as much momentum as BankNifty today. The first divergence happened in the opening 1 hr where Nifty gave up 0.43% ~ 83pts even after having a gap-up opening. The real reasons for a gap-up opening was not clear as the Global hand-out was not that positive.
Traders including me were looking for breakdown possibilities as the 5mts candles at 09.15, 09.25 and 09.50 had so much force. Since Banknifty started reversing the trend and was showing a breakout possibility, I did not adventure getting into shorts on Nifty50.
Once the momentum was set by the breakout on BN, Nifty also caught up to it. There were still many sectors in red - Auto, Commodities, Consumption, Energy, FMCG, Pharma & Metal. This indicated that the rally in Nifty will not be as powerful as BankNifty.
The reason I drew 2 bearish trend lines yesterday makes more sense today. If we go by the orange line - it means we already had a falling wedge breakout. If we go by the blue - we are yet to break it.
Tomorrow’s opening minutes will give us the exact answer to that question. Personally I feel we are yet to break out and the blue line is more accurate. To have a real breakout, almost all the sub-sectors also has to be in green.
Since Banknifty has already broken out, the probability has shifted into a similar trade direction for Nifty as well. I wish to change my stance from neutral to bullish for tomorrow. If the breakout fails or we hit the 19310 level tomorrow, I might have to fall back.
23 Aug ’23 Post Mortem on BankNifty | BN becomes a 🚀🚀🚀We will start with BankNifty today, because we had a reversal pattern today. According to me trend changes are first spotted on BankNifty and hence it works as a leading indicator.
This is what I said in yesterday’s report: Also note that the falling wedge will converge tomorrow, so a strong up move is more dangerous. The bulls will use that opportunity to drive the prices up and it could even take out the 44800 levels in one go.I am not quite sure which of these scenarios will work for tomorrow. I am inclined to go with the bearish stance as its still under the resistance of 44068.
What really happened today is Banknifty took out the resistance of 44068 by 11.05 and went all the way up to 44521. There was a swing of 567pts ~ 1.29% today. Literally BN became the rocket today. We did breakout from the falling wedge pattern and turned bullish.
The same is shown on the 1hr TF, notice we had 4 hourly candles above the bearish trend line. This indicates a breakout usually. Also the candles at 10.15 and 12.15 (before and after the break) were strong enough suggesting a change in sentiment.
Luckily we were prepared for such a scenario today and did not mess up with the existing short position. The reason I took up banknifty analysis before nifty is to show you that Nifty did not have a clean break today. Whereas BN did, the reason could also be due to the slope of the falling wedge. The convergence of the bearish trendline and the horizontal support happened today - so Banknifty had to either breakout or breakdown.
Though I dont exactly know what change in fundamentals caused the breakout, from the technical analysis angle - the move did not come as a surprise. I wish to change my stance from bearish to bullish for tomorrow. If we fall below 44068 in the morning session, I might have to go bearish again.
Godrej Industries Looks Good!Godrej Industries
1. upper band channel breakout at bottom channel
2. convergence in price and psi
3. looks good for uptrend
Conclusion:
The price is in bullish Trend.
Note for everyone who came across this reference:
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.
YAYLA GIDA USD PAIRIt would definitely be the first stock I would look at in a possible retracement in BIST100.
The movement is accelerated by the upward break of the falling wedge. There is no resistance in the TRY pair because it is hovering around the ATH levels, but it seems more correct to look at the USD pair.
The lines marked with green on the chart are targets.
Targets were set based on falling wedge, resistance and Fibonacci levels.
Good luck everybody!
Without forgetting; Don't forget the stop-loss!
HIGH/USDT: Unleashing Bullish Potential in Falling Wedge Pattern💎 Hey Paradisers, take a look at the HIGH/USDT daily chart. It's forming a falling wedge pattern, which usually indicates a bullish trend. Currently, it's around the 1.101 demand zone. If it holds steady here and breaks above the upper trendline of the wedge, we might see a bullish trend ahead.
💎 What are we aiming for? We're keeping an eye on potential rises to resistance levels at 1.574. If the momentum keeps up, it could even reach 2.326 and 2.796. If you prefer cautious steps, you might consider entering after it breaks above the 1.574 resistance. This could confirm a strong bullish trend. Stay alert, ParadiseSquad!
BOTTOM TRIANGLE - PRECOT DAILY CHART ANALYSISPRECOT DAILY CHART ANALYSIS - Showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
Target: Rs. 198
Self explanatory daily chart analysis for educational purpose
Technicals - Bottom Triangle Pattern / Bottom Wedge
This is just a view by an analyst, please invest at your own risk.
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XRP/USDT: Cracking the Rising Wedge - Stay Alert!💎 Paradisers, zoom in on XRP/USDT on the 1-hour chart. It's sketching out a rising wedge pattern. At the moment, it's hovering near the demand zone and the supportive trendline, potentially ensnaring some traders.
💎 Historically, it's bounce back from supportive trendline about five times. This could hint at a robust foundation for XRP, making it a contender for long-term considerations. If XRP/USDT manages to take support, we're eyeing ascents to resistance points at 0.5648 and possibly 0.6177. However, a dip below the 0.4492 demand zone might signal a descent towards 0.41111 and 0.3588.
💎 Word on the street is that there's some XRP-related news circulating. It's crucial to keep these levels on your radar and stay nimble, ensuring you seize every opportunity. Navigate wisely, ParadiseSquad!
Bullish reversal patternACCELYA daily price trend shows signs of a potential reversal after a period of consolidation. This often involves a bottoming process and a subsequent upward breakout.
Market conditions can change, and various external factors can influence price behavior. Always use technical analysis in combination with other forms of analysis and risk management strategies to make informed trading decisions.
ENGINERSIN : Breakout Candidate#ENGINERSIN #breakoutcandidate #breakoutstocks #trendlinebreakout #momentumstock
ENGINERSIN : Swing Trade / Short term (1-3 months)
>> Beautiful Structure, possibly trendline breakout soon
>> Stock has taken a good pause after the initial momentum and now ready for more upside
>> Good strength and Volumes in stock
SWing Traders should focus on 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
ASTERDM : Breakout Candidate#asterdm #pharmastock #breakout #breakoutcandidate #trendingstock #momentumstock
>> Beautiful Structure, possible Consoldation breakout
>> Good Strength and volume
Swing Traders should focus on 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
FINPIPE : Potential Breakout Candidate#swingtrading #finpipe #consolidationbreakout #breakout #flagandpolebreakout
>> Beautiful Structure Range Breakout >> Impulsive Move >> Consolidation >> Pennant formation
>> Perfect Breakout Candidate
>> Good Risk Reward Ratio (min 1:2 RR or possibly more if u hold longer)
>> Good Strength & Volume in stock
Swing Traders should focus on 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
