Get started

Wedge

Mighty Nifty - Oct 19Pattern : Falling Wedge. Range : Medium. Trend strength : Normal. Buy Above : 19640. Stop Loss : 19610. Targets : 19680, 19720 and 19750. Sell below : 19560. Stop Loss : 19590. Targets : 19530, 19500 and 19460. Expiry day range is 19450 to 19750. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:NIFTY
by vanathi
A Continuation Wedge (Bullish) pattern in ARVINFASN A Continuation Wedge (Bullish) is a technical chart pattern often observed in financial markets, particularly in price charts of stocks, currencies, commodities, and other assets. This pattern is characterized by its appearance during an uptrend and signifies a temporary pause or consolidation before the prevailing uptrend resumes. Here's a breakdown of its features and implications: Pattern Appearance: The Continuation Wedge (Bullish) consists of two converging trendlines, both of which slant downward against the prevailing uptrend. The upper trendline, often referred to as the resistance line, is formed by connecting the swing highs (peaks) of the price action. The lower trendline, known as the support line, is created by joining the swing lows (troughs) of the price action. As the pattern evolves, these trendlines gradually converge, forming a wedge-like shape. Duration: This pattern typically spans a relatively short period, usually a few weeks to a few months, during which the price movement becomes increasingly narrower within the confines of the converging trendlines. Volume: Throughout the formation of the Continuation Wedge (Bullish), trading volume often contracts. This decrease in volume signifies a lack of conviction among traders and investors, contributing to the narrowing price range. Market Psychology: The pattern reflects a tug of war between bullish and bearish forces. The bears attempt to reverse the ongoing uptrend, causing the price to move within the confines of the converging trendlines. However, despite the bearish pressure, the bulls eventually gain the upper hand, leading to a breakout to the upside. Breakout: The most critical aspect of the Continuation Wedge (Bullish) is the breakout. The bullish breakout occurs when the price breaches and closes above the upper trendline (resistance line) of the pattern. This breakout signals the end of the temporary interruption and the resumption of the prior uptrend. Price Target: To estimate the potential price target following the breakout, you can measure the height of the widest part of the wedge (the distance between the highest and lowest points of the wedge) and add it to the breakout point. This can provide a rough idea of how far the price might move upward after the breakout. Confirmation: As with any technical pattern, it's important to wait for confirmation of the breakout before making trading decisions. Traders often look for a clear, convincing close above the upper trendline and an increase in trading volume to confirm the validity of the breakout. Remember that while technical analysis can provide valuable insights, it's not foolproof and should be used in conjunction with other forms of analysis and risk management strategies. 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.
NSE:ARVINDFASN
by hardeepssethi
BHEL ltd,.; min 30% Return ; right time to investFundamentally good stock, For long term investment. . . Entry: 102 target: 104 -119 - 130 sl: 97 major stoploss/ support: 87 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ;good for long term investment. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer old ideas attached below
NSE:BHELLong
by TheNuraTrading
3
EQUITASBNK - Continuation Wedge (Bullish)Daily chart analysis of EQUITASBNK tells me that following a brief pause, the previous upward trend is poised to resume. A Bullish Continuation Wedge illustrates a momentary pause in an ongoing upward trend, characterized by two converging trendlines that both slope downward against the prevailing trend. Throughout this phase, there's a struggle between bearish and bullish forces, with bears attempting to gain control over bulls. Eventually, the bulls emerge victorious, as evidenced by a decisive breach above the upper trendline. This breach serves as an indicator that the prior upward trend is set to carry on. Target is marked on the chart. Note: Traders and investors often use them in conjunction with other technical and fundamental analysis tools to make more informed decisions. 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:EQUITASBNK
by hardeepssethi
Nifty 50 Analysis!FWB:NSE : NIFTY Weekly Analysis! Rising Wedge Pattern in Nifty 50 Weekly Chart! Rising Wedge Pattern with Upside Breakout! Nifty 50 is trading at its all-time high, don't be greedy in this situation. We can see the strong upside momentum but hold your horses. We can see, I have applied fib retracement on the current price action(prev high and prev low). Now we may face strong resistance at the 20306.05 level because as per price action, NIfty has to establish support at the previous resistance level. Then we should find the following buying opportunities at this level. I have also marked the possible Demand zone on the chart one should consider this level for conservative investing. So as per my suggestion let the Nifty retrace because we are already in the greedy zone. I don't want investors to get trapped in this zone and hunt their stop losses. Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:NIFTY
by Avinash9087
BankNifty - Rising Wedge Drama Unfolding (Careful at Tops 46310)Hello WaveTalkers As we approach the close of this trading week, we're spotting some intriguing patterns in the BankNifty Index. Wedge Drama Unfolding? - Without giving away too much, there seems to be a rising wedge forming at the current highs. - This might hint at a potential move towards a 45299 downside target. Trading Strategy Once Index falls below 46000 - It will confirm the downside bias but careful as it is weekend & consult your financial advisor before taking any trades Next Steps - As always, we're here listening to the whispers of the waves, guiding you to make informed decisions. - Before making any trades, do consult your financial advisor to manage your risks appropriately. Thank you for being a part of WaveTalks. Have a great weekend and happy trading! Best Wishes WaveTalks
NSE:BANKNIFTYShort
by WaveTalks
20