ITI - Stock to be in RADARPrice consolidate with in Falling wedge since October 2023 and for the past two days it have huge volume. We can enter when the price breakout and close above resistance in Weekly Timeframe.
Wedge
A clear Falling channel pattern in Amara Raja(Hindi)NSE:ARE_M From it's All time high it has formed a falling channel pattern and now it is ready to break it for a higher high. Target is an all-time high and SL will be 1340 and below as per risk appetite and holding capacity.
Suzlon.. currently in Falling Wedge. Looking at this chart of Suzlon Energy Ltd. on NSE, here are some key observations:
1. **Falling Wedge Pattern**:
- The recent price action shows a falling wedge, a pattern characterized by converging trendlines sloping downwards. This often suggests a potential bullish reversal if the price breaks out above the upper trendline.
2. **Uptrend Channel**:
- The price is still within a broader upward trend channel, indicating the overall bullish trend is intact despite the recent correction. The current price is approaching the lower boundary of this channel, which could act as a support zone.
3. **Volume Analysis**:
- Volume seems to have decreased during the recent downtrend. A breakout from the falling wedge with increasing volume could further confirm bullish momentum.
4. **Relative Strength Index (RSI)**:
- The RSI is showing a bullish divergence; while the price is making lower lows, the RSI is making higher lows. This divergence is often a precursor to a potential price reversal.
5. **Support Levels**:
- The price is near the lower trendline of both the falling wedge and the broader upward channel, around the INR 62–65 range, which could serve as a strong support zone.
6. **Potential Trade Setup**:
- A breakout above the wedge with strong volume could provide a good entry point for a bullish trade. Alternatively, if it fails to break out, monitoring the lower boundary of the channel as support would be essential.
In summary, the chart shows signs of a potential reversal if it breaks out of the falling wedge. Watching for a breakout with volume confirmation and monitoring the RSI divergence will be crucial for validating the bullish case.
Potential positive move in ELPROINTL it took a support at 200 DMA on a daily chart, and it formed a bullish wedger pattern and RSI crossing 40+, all these indicate it to have potential to move up from the CMP. Lets see how it goes in the upcoming month.
Disclaimer: Kindly consult your financial advisor before taking any trade..!!
INDIAMART INTERMESH: 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐌𝐮𝐥𝐭𝐢𝐛𝐚𝐠𝐠𝐞𝐫#diwali pick (🤞🏼for this one)
🟢Highest ever op. cash & EPS
🟢Lowest ever public holding
🟢Lowest P/E in 5 years
BankNifty - Did You Miss The Explosive Move from 51000 ? Disclaimer:
This is for informational purposes only and is not a solicitation or offer to buy or sell any securities or products. Consult Your Financial Advisor
As per last idea we proposed that holding 51000 & above BankNifty Index can push upside towards 52050 & Above 52100 - can look for 52900-53100
Happy We achieved 78% of the target & got the maximum points of 1500 points in the Index
Last Idea
What Next ?
Index again forming a similar looking pattern from the highs of 52577 -recent highs & safe traders can look for short term downside moves falling below 52100 towards 51855 - Yesterday's low & 51250 / 51000 respectively.
Regards,
WaveTalks
Abhishek
SOLANA CUP & HANDLE PATTERNCRYPTOCAP:SOL is forming massive cup & handle pattern after long 3 years of bull & bear market. After fluctuating from 120 - 180 range for approximately 6 months, currently is breaking out of the pattern,aiming towards 220 ATH and so on.
ONGC Near falling wedge pattern 1: 8 Risk reward long setupOil and Gas sector retested the flag pattern breakout.
ONGC also had retested breakout given earlier and last daily candle showing rise in volume with positive closing.
ONGS also formed falling wedge pattern and we are near breakout of the pattern.
I see 1: 8 potential up side trade.
*SWING TRADE*
Buy ONGC 285
Stop Loss: 279
Target 1 (1:2) 299
Target 2 (1:4) 313
Target 2 (1:6) 325
Target 2 (1:8) 340
_Duration 2-3 months_
Trade as per your risk-taking capacity.
ETHEREUM FORMS A BULLISH TRIANGLE CRYPTOCAP:ETH is currently stuck around 2600 level with long term support at 2350. Current market structure is bullish triangle with some pullback at 2550.
Looking at CRYPTOCAP:BTC , which is ultra bullish, Ethereum can aim towards 3000 psychological level.
TNSR BULLISH IDEA$TNSR is showing bullish vibes after breaking out from a descending channel and successfully retesting the current support. It's a great time to accumulate a spot position.
Keep an eye on the next resistance at around 0.55. If momentum continues, look for potential gains toward 0.65 and possibly higher to 1.40.
TLM READY FOR BREAKOUT! ASX:TLM is looking bullish! After breaking out and retesting successfully, the price has cleared previous resistance, showing strong support around 0.00962.
Looking ahead, the next major target sits at 0.01712. If the bullish momentum continues, we might see it stretch even higher. Keep an eye on support around 0.00959 and 0.00719 as support levels.
Aarti industries bulles eyeAarti trading one way downward from 750 to 510 .now it's extreme over sold zone..daily RSI divergence. Plus descending wedge support .. hope next week we will see 540/555 level . Sl 510
BEDMUTHA - Triangle BreakoutPrice consolidate since January 2024 and today it breakout with good volume. Please look into this stock and wait for good close at end of the day.
Disclaimer: Looks like circuit stock so
DIA BREAKOUT ALERT AMEX:DIA is showing a strong buy signal on the daily chart, making it an enticing opportunity for traders. The suggested entry points are at 0.70 - 0.75.
On the basis of technical analysis potential gains can be aimed at 1.13 and 1.40.
GRT TRADE IDEAJSE:GRT is at a crucial point, flirting with a trendline break that could trigger a swift +40% upswing.
Once GRT breaks the trendline, the first target is around 0.24. If it gathers more steam, aiming for 0.39
KEY HUGE MOVEMENT IS COMING! NYSE:KEY is in a large Falling Wedge pattern, hinting at a potential breakout. It has retraced 75% from the March 2024 high of 0.0135 to the current 0.0043.
Look for resistance near 0.01000 as a breakout target. Initial resistance sits around 0.0077, 0.01000 and above. Watch for support at 0.0032 to manage risk.
NOTCOIN (NOT) BREAKOUT ALERTGETTEX:NOT shows a textbook Falling Wedge pattern breaking out, indicating a potential bullish reversal.
With the breakout, expect a bullish wave potentially doubling in value. Initial resistance might be around 0.017, while a more ambitious target could reach up to 0.021.
BAJEL - falling wedge Breakout - DailyThe chart of **Bajaj Electricals (BAJEL)**, as shown in the uploaded image, displays a well-defined technical pattern.
### Key Observations:
1. **Uptrend Channel**: The price action is contained within an ascending channel, marked by parallel yellow trendlines. This signifies an ongoing uptrend, with the stock making higher highs and higher lows.
2. **Breakout**: The stock has broken out from the downtrend or consolidation pattern that formed between Oct 1st 2024. This breakout suggests a possible continuation of the uptrend, which is also supported by increased volume near the breakout point.
4. **Price Targets**:
- The stock is currently near the 286 INR level, and the next potential resistance level appears to be near **324.70 INR**, which is derived from the channel and measured moves.
- The stock has shown a percentage price change of **23.65%** from the breakout, with potential to test higher levels.
5. **Support**: The stock has found solid support around the **236 INR** level, making this a key level to watch in case of any pullback or retracement.
6. **Relative Strength Index (RSI)**: The RSI indicator at the bottom shows a strong upward movement, indicating that the stock is gaining momentum. If it reaches overbought levels (above 70), some consolidation may occur.
This overall analysis shows a **bullish outlook** for BAJEL, particularly given the channel breakout and technical pattern formations. The next levels to watch would be the **324.70 INR** resistance and possible retesting of support levels around **236 INR** if a pullback happens.
TATA CHEMICALS - Short Term Price consolidate since March 2024 and price is near long term support line. Price breakout this week and we can expect 100 Rs profit in this stock in short term. Also, fundamentally strong stock.
EXIDEIND trendline breakoutExideind trendline breakout from falling wedge
positive crossover in MACD
Above 500 upside potential is 530+ in medium term
Disclaimer : I am not SEBI registered.
DOGS/USDT: BUY ZONE ACTIVATED! 60-70% PROFIT POTENTIAL!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
DOGS looks promising right now, breaking out from a falling wedge and currently retesting the wedge. I recommend going long here with a tight stop loss and low leverage.
Targets:
$0.00094
$0.00108
$0.00121
$0.00133
Stop Loss: $0.000736
Leverage: 5x
What are your thoughts on DOGS's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Harsha Engineers International Ltd: Falling wedge PatternHarsha Engineers International Ltd: Falling wedge Pattern
BO soon stock
33 % upside potential
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
