Get started

Wedge

Banknifty -1Hour | Sure shot EntryAs we posted banknifty anylysis yesterday we executed the trade as per our levels which worked perfectly and captured 200 points in todays(08-06-23) market. This Analysis is continuation to the previous analysis. As Market closed at 43995, If we apply Fibonacci levels on todays movement 44144 to 44182 is the retracement zone. Where there is a high probability for a reversal from that zone. If market moves up to 44144, will wait for bearish candle to form near that zone and then we can take a sell position. And the Targets would be Target 1: 43917 Target 2: 43802 and Target 3: 43655 Hope you find some value in my analysis. Thankyou. Trade safe
NSE:BANKNIFTYShort
by Oneshot_Traders
Bottom Triangle - Bottom WedgeShemaroo The price has reached a point where it appears to have hit a bottom and is now showing signs of a potential reversal. This is indicated by a pattern known as a Bottom Triangle, which involves two trendlines converging as prices form lower highs and higher lows. During this phase, the trading volume tends to decrease as the price fluctuates within a narrower range, reflecting market uncertainty. However, before the triangle pattern reaches its apex, there is a significant breakthrough above the upper trendline accompanied by a noticeable increase in trading volume. This breakout and surge in volume confirm the bullish nature of this pattern, indicating a reversal of the previous downtrend. 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:SHEMAROO
by hardeepssethi
AMI ORGANICS LTDMarket Cap- 3,613 Cr. Promoter holding 39.4 % Stock P/E 48.4 Industry PE 24.9 ROCE 23.7 % ROE 20.9 % OPM 19 % EBIDT growth 3Years 36.5 % EPS 20.5 vs 19.8 vs 17.1 FII's (Sept 2022 vs June 2022 vs March 2022) 5.76 vs 1.84 vs 2.23 Company is almost debt free. Company has delivered good profit growth of 43 % CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 26.5% Ami Organics Limited is one of the leading research and development-driven manufacturers of specialty chemicals which are primarily chemical components used in fine and agro chemicals. Their key products under the API segment have captured 50-90% of the global market share With a legacy of 14 years, the Company has developed and commercialized over 450 pharma intermediates across 17 key therapeutic areas since inception and NCE, which are being supplied to over 450 customers in India and 50 countries overseas. They also have the capacity to manufacture advanced pharmaceutical intermediates and other specialty chemicals on a make-to-order basis. Its R&D team works closely with customers and provides them with cost-efficient and innovative solutions Some of the regions where Ami Organics has customers are the USA, China, Israel, Japan, Latin America. The Co.’s client list includes major companies like Laurus Labs Limited, Cadila Healthcare Limited and Cipla Limited, Fabbrica Italiana Sintetici S.p.A, Chori Co. Ltd., Medichem S.A., and many more.
NSE:AMIORGLong
by CannySunny
Falling Wedge Breakout In AGS Transact Technologies LtdFalling Wedge Breakout is seen in AGS TRANSACT with volume and the momentum has been seen as well. Quarter 4 Results are due today i.e. 26th May 2023 but this call is purely on Technicals! Entry at 58.5 to 59 and Targeting around 73 with Stoploss of 49 to 50 on Weekly Closing is good for a Swing Trade. Ideally Targets are bigger if we go by Technicals but we are here for swing so a decent returns of 20 to 25% is more than enough. This is my first post/ idea on Tradingview, if I'm Missing something or anything which can be added to understand better, your comments are most welcome. Views are Based on Charts, so there's no 100% Surety (There is no 100% Surety of anything) Thank You! DISCLAIMER : Contact your Financial Advisor before making any positions, This Post is Purely for Educational/ Learning Purpose & has been given on the Technical Analysis.
NSE:AGSTRALong
by DarshanV98
3
banknifty 24th may rising wedge and double top bank nifty is forming rising wedge pattern (blank line) and double top (M) green line and there is a strong support trendline. If the support trendline is broken at 43888 level then possibility of reaching 43333 is high. if it takes support at 43888 level then market might retest and try to break all-time high. Don't be bullish or bearish trade with the market direction. Buy above 440057(43900 CE) Target 44132,44282,44410,44550. Sell below 43766 (43800 PE) Target 43579,43465, 43333.
NSE:BANKNIFTY
by rajender.kundhuri
#SIEMENS Rising wedge & hanging man formation Siemens on weekly timeframe is forming a rising wedge formation. It is also formed at the top of the rising channel in which Siemens has been trading from quite some time, generally such formation are formed as ED formation in EW and can be a signal of truncated 5th in its impulsive wave upmove. Although, this post doesn't deal in great detail with EW wave marking but an indicative wave counts are marked as well. Weekly chart is also showing a negative divergence and longs need to be cautious here as I have anticipated it earlier as well (link in related idea section) and since then it hasn't moved up much on upper side. On daily time frame, the script has formed a "Hanging Man", which is also a bearish reversal pattern and most importantly the candlestick pattern has appeared at ATH. Invalidation level for this pattern is any closing above the high of the hanging man candle and if price start sustaining below and closes below this candle, then it will be a confirmation of this pattern which can drag the price downside.
NSE:SIEMENSShort
by aktradelearning