Wedge
Coastal Corp. : Falling Wedge BreakoutPattern Breakout from Declining Wedge pattern: strong momentum on watch:
Levels to check:
R1: 271.5
R2: 301.2
R3:330
S1: 209
SL: 196
CDSL: Falling Wedge BreakoutFalling Wedge Breakout:
CDSL has fallen almost 34% since December 2021. It has given breakout from a falling wedge pattern on monthly charts. Rising prices are supportive of breakout in momentum indicators and volume supported price action.
CMP: 1110
R1: 1241 +11.45%
R2: 1457 +31.4%
Stoploss: 986.35
Good company ,Not a good time to add. Wait for SEP QUATER RESULTOk this analysis is my 4rth about LXCHEM from which i made a good return after its IPO DEBUT
Had got huge quantity at around 220 INR AND SOLD AT 500 ABOVE .
Now as I wanted to reenter the stock , so here's my analysis
1.As the company has been shut for close to a month during sep quarter , the results will get affected .
2.Last quarter results are also not par with June 2021 results and eps are down
3.Will make entry only after results are out and when price come down a bit.
4.The company has given notice about Aquitation , it may be a good news it may not be but cant risk as retail people get trapped in news .
Now for the technical part
1. The price has created a Rising wedge pattern , certain sell will come with even a good bottom breakout.
2. The stock can be added Buy on DIPS after this correction
3. 280-300 is the price range to start adding , with adding more on any DIP .
Rising wedge pattern reversal in SIEMENS INDIA LTDSIEMENS INDIA LTD
Key highlights: 💡⚡
📈On 1Day Time Frame Stock Showing Reversal of Rising wedge Pattern .
📈 It can give movement upto the Reversal Final target of above 3882+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 4420+.
📈 Can Go short in this stock by placing a stop loss below 720-.
Tata Elixi - wedge pop- confirmed stage 2 uptrend
- clear volume expansion when price moves up
- low volume pullback to 20 ema
- shakeout within the base
- price moving back up with a small gap and volumes
entry - cmp
sl - around 7500
Bottom Triangle - Bottom Wedge FormationBased on the Daily Chart of DELHIVERY , it seems that the price of a particular security has reached a bottom and is showing signs of a reversal. This reversal is indicated by the breaking upward of the price after a period of uncertainty or consolidation.
The pattern known as a Bottom Triangle, consists of two converging trendlines. The upper trendline connects the lower highs, while the lower trendline connects the higher lows. This pattern reflects a narrowing range of price movement, indicating increased uncertainty in the market direction.
During this period of uncertainty, the trading volume typically diminishes as traders become hesitant. However, just before the triangle reaches its apex (the point where the two trendlines converge), there is a noticeable increase in volume. This increase in volume, combined with the price breaking above the upper trendline, confirms the bullish nature of the pattern. It suggests a reversal of the prior downtrend, indicating a potential upward movement in the price.
It's important to note that without specific information about the security in question, it's difficult to provide a more detailed analysis. The interpretation of technical patterns and their significance can vary depending on the context and the specific market being analyzed. It's always recommended to perform a comprehensive analysis and consider other factors, such as fundamental analysis and market conditions, before making any investment decisions.
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.
HDFC LIFE Great Pattern NSE:HDFCLIFE
Stock looks good. It has been a great rising wedge pattern.
It might move on both side. Under radar.
Educational purposes only.
2 Amazing swing trading stocks for 11 july markets I daily make educational content videos for swing positional trading
LITECOIN - Falling Wedge PatternNYSE:LTC 1-hr. Chart Analysis
Litecoin moving under #FallingWedge Pattern from last 10 days, and it was created new #ATH of 2023 on 1st July 2023 at $115 and after that continously falling from previous All Time High Mark 10 days ago.
Under this Falling Wedge pattern and #FIBretracement markup points, mostly chances to reach out again $88 to $85 within coming 3-5 days, if market is not suddenly Pumping out before that.
Always #DYOR and Trade wisely by using #StopLoss, It's #NFA
Must LIKE & SHARE it..
USDJPY SHORT TERM TRENDUSDJPY Forming short term(30 M) long side,blue line represents side long trend.
Gravestone Doji on weekly Timeframe#Banknifty has formed a gravestone doji on weekly timeframe AND at wedge top
#Nifty seems to be little more bullish
Banknifty if goes down from this level next week, it could reach bottom of the wedge quickly
NMDC - Anytime breakout possibleIt looks good for to give break out. Exit if it goes below 106. Only suggesting for short term trading
1:3 risk reward ratio
Target 1 - 110.5
Target 2 - 114.5
Target 3 - 118
Stop loss - 106
Rising Wedge Pattern Breakout in GRASIM INDUGRASIM INDUSTRIES
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Rising wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1855+.
✅Can Go Long in this stock by placing a stop loss below 1740-.
Sunpharma breaking out of the trend and approaching 1160Sunpharma has broken out of the falling trend and if the momentum continues, the first Fibonacci target would be 1160.
RATEGAIN - 15% Arbitrage PossibilityRategain stock has broken its earlier resistance of strong 418.6 levels. With a good strong move past it, and currently retesting its breakout. It shows a potential to test its earlier levels of 502 again.
The trade is forming like, a Buy around 438, an SL at 413 & Exit at 502, its staking 6% of stock for 15% of gain. Forming a risk reward of 1:2.5.
Have your own research & Cheers!
Rising Wedge Pattern Breakout in ULTRATECHCEMENTULTRATECH CEMENT
Key highlights: 💡⚡
✅On 1 Week Time Frame Stock Showing Breakout of Rising wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 9660+.
✅Can Go Long in this stock by placing a stop loss below 7350-.
CDSL: Falling Wedge Breakout Falling Wedge Breakout:
CDSL has fallen almost 34% since December 2021. It has given breakout from a falling wedge pattern on monthly charts. Rising prices are supportive of breakout in momentum indicators and volume supported price action.
CMP: 1110
R1: 1241 +11.45%
R2: 1457 +31.4%
Stoploss: 986.35
Falling wedge breakout and retested level with bullish candleThe extended downtrend in stock since April'22, after a year price given a falling wedge breakout and retested that with bullish candle .
Key support at ema 200 and price above all important moving average.
Entry at current level or above Rs 300 (day's closing candle) ;
Stop Loss below 270 ; Target = t1 & 2
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
BSE Sensex Ending Diagonal CAUTION!Attached: Sensex Daily Chart as of 19th June 2023
The Ending Diagonal is more evident and clean in BSE Sensex rather than NSE Nifty 50 (although you can observe in Nifty as well), which is why I have chosen to share the Sensex Chart
Observe:
- A well defined trend line with multiple touch points
- Presence of a Bearish RSI Divergence
- Daily MACD already in Sell mode
All that is needed is break of Today's Low and a Close below it (which would also give the Trend Line breakdown simultaneously) and then that would activate the Ending Diagonal/ Rising Wedge Breakdown
The First Downside Target for this pattern would be point b which comes to 62380🎯📉
IGL: Bullish Falling Wedge Pattern IGL has constructed a falling wedge on the 1-day chart in which it has made continuous lower lows and lower highs.
The trend can change from bearish to bullish after the breakout of the resistance trendline. Buyers can expect a bullish move with the following targets: 483 & 504 . IGL Is Bearish below 458 .
Buyers have to break and stay above 504 to increase demand pressure.
Note: Do your own research / discuss it with your advisor
1 Good swing trading idea for 27 june markets I daily make educational content videos for swing / positional trading
