Wedge
GOOD LUCK INDIA !!!Market Cap 1,220 Cr.
Free Float Mkt Cap 469 Cr.
Promoter holding 61.6 %
Dividend Yield 0.75 %
Intrinsic Value 512
Stock P/E 14.3
Industry PE 16.8
ROCE 16 %
ROCE 3yr avg 13 %
ROE 17 %
ROE 5Yr 11 %
Debt to equity 1.04
Triveni turbine weekly breakoutTriturbine stock has given a weekly breakout from rising wedge pattern.
Yesterday, the stock closed above 310 which was its ATH closing which was an indication for the breakout. 300-310 will act as a strong support now for the stock. It is better to wait for a retracement and watch the price action at support.
The stock is in uptrend and is looking positive as a positional trade.
Sharing this chart only for educational purposes.
Upper Limit for the next month is @105A rising wage pattern on the daily timeframe and also have a good resistance at around 105 and will face some support at around 74, also on a lower timeframe (1H) it's making a Head & Shoulder pattern which is a clear sign of downtrend. and also option data supporting that its going to go downwards next month so 3 strong points 👍
godrejcp rising wedge for bearish 1. rising wedge
2.trendline breakdown
3. expected to form abcd harmonic pattern
4.trail sl for good results
Rising wedge breakout in LTLT has given a breakout from rising wedge pattern.
However, today's candle is an inverted hammer which might be a sign of reversal and hence, it is a wait and watch scenario.
One can enter if there is a retest and continuation of uptrend from 2250-2300 levels
FALLING WEDGE PATTERN IN SRF LTD.NSE:SRF
Srf ltd forming a falling wedge pattern near major support on daily timeframe.
Good positional setup All levels are marked on chart.
Always trade with stoploss.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
Finnifty - May 2Price is narrowing in a range. Buy above 19220 with the stop loss of 19180 for the targets 19260 and 19300. 19200 is a crucial level to decide the trend. Sell below 19140 with the stop loss of 19180 for the targets 19100, 19060 and 19020. This is my pre market analysis and my trading journal . Not a suggestion to buy or sell.
BajajAuto lifetime breakout, strong quarter resultsWeekend Pick 1: Bajaj Auto
Fundamentals - Very strong, consistent on Sales, Profits, EPS, High Reserves Vs Debt Free.. Strong Quarter results, FII holding increased.
Technicals - Broken LTH, moving nicely in raising wedge, Above MAs, decent volumes
R1: 4660
R2: 4950
R3: 5270
SL: 3950
GMRINFRA : Weekly chart#GMRINFRA : Wedge Breakout & VCP Breakout
>> Positional call (1-3 months)
>> Enter at cmp or at retraement till safe entry levels
>> Good Volume Buildup Lately
>> Good Strength in stock
>> Swing traders can book profits at 5-10% fully or partially and keep trailling
Keep liking & sharing for more such analysis
@moneyfesttrading
Bank Nifty - April 28Buy above 43080 with the stop loss of 42980 for the targets 43160, 43240, 43360 and 43420. Sell below 42840 with the stop loss of 42920 for the targets 42760, 41680 and 41600. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PRICE ACTION WITH MULTIPLE CONFIRMATIONMULTIPLE FACTORS IN FAVOR
1.Upcoming result
2.Getting added to nifty 50
3.Bullish wedge pattern breakout
4.Open interest accumlation
\
all supporting 5000 above break out .
GODREJCP- Bull Trap to Breakdown SELL!Attached: Daily Live Market Chart as of 25th April 2023
Price put in a Breakout and turned out to be a False Breakout triggering a Rising Wedge Breakdown instead
Targets mentioned in Chart, Stop Loss as per Risk Appetite or today's High
BANKNIFTY 15 min TF - Monthly Expiry - Rising WedgeLooking at the structure, I personally don't trust any further upmove for going long until it show some dip whether small or big. Especially when it has major resistances so close while moving upside
Lets see it this affect NIFTY or not, because NIFTY also has 17900 and 18000 as major resistances
trade with proper plan and risk management.
Feel free to comment or message for any feedback on this chart or any other charts shared by me.
thanks
Nasdaq 100- Rising Wedge BREAKDOWN!Attached: Nasdaq 100 CFD Daily Live Chart as of 25th April 2023
Was waiting for a quite a while for this to play out and it finally has today in the Nasdaq
Price formed a Distribution Pattern and today we are finally getting the Breakdown
MACD also in Sell Mode
13k Level is Lost and below 12800 it is a Confirmed Breakdown. This has BEARISH Implications, a Top in Place to say!
Possible trend breakout in Railtel?From the past few months stock was in a down trend, now it has finally given breakout from its consolidation. Previously price level of 105-108 was acting as a resistance, now price has closed above this level indicating a possible shift in the trend.
If stock manages to sustain above this price, we can expect a decent rally in coming days. All possible targets are marked on the chart. Stop-loss can be maintained at 96.
This is just a view, not recommendation to trade. Do your own analysis before making any investment decision.
Do like, share and comment your thoughts.
NSE:RAILTEL
TATACOFFEE | Falling wedge breakout - Looks potential for 15-20%TATACOFFEE | Falling wedge breakout - Looks potential for 15-20%
CMP : 213 (Dip : 210)
SL : 200
Target : 240
1:4 risk reward setup
Cummins - Rising Wedge & Evening Star - Weekly OverviewNSE:CUMMINSIND making rising wedge on weekly charts and also has formed a evening star candlestick pattern. With a SL of 1666, one can short for T1 of 1552 and T2 of 1518.
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts.
- If you are referring to this, please keep in mind that it is only for educational and research purposes.
- Past performance is no guarantee of future results.
- You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION.
- It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance.
- Before investing, conduct your own research and consult with a financial advisor.
TIA!
Starcom falling Wedge breakoutStarcom falling Wedge breakout and retest done
can look for tp of 370-400 for long term
Disclaimer : only for educational purpose
Vakrangee falling Wedge breakout doneVakrangee falling Wedge breakout done
big breakout done with solid volume can look for
tp of 70-75 with good risk to reward ratio
Disclaimer : only for educational and learning purpose
Bearish Wedge on Asian paints Pattern forming - Bearing Wedge
Time Frame - 30 min
Strong Resistance level 2900
Buy at 2770-2740
SESHAPAPER Flag & Falling Wedge BreakOutSESHAPAPER breaking out of flag and falling wedge pattern on 1D timeframe with relatively higher volumes. It is apparently retesting its trendline. Enter after bullish confirmation. Follow target and stop loss levels.
rising wedge short in cumminsind :cumminsind : cmp 1680.95
trade setup :
1. sell in range 1680 to 1685
2. keeping 1732 as closing basis stop loss
3. targets : 1643 / 1604 / 1548 / 1519 / 1478 & below
technical setup :
1. rising wedge pattern trade
2. stochastic RSI in monthly set up at 100
indicating highly over bought price zone
3. volume getting drying up at higher levels
4. real breakdown will happen when price breaks below trend line support.
note :
rising wedge pattern :
pattern forms when both resistance and support trend lines moves in ascending pattern as sketched in charts .
price pattern will deliver higher highs & higher lows .
converge near apex point and trend to breakdown below trend line support to deliver faster downside targets .
keep stop loss as mentioned in trade setup .
