BTC Falling Wage Decending Traingle Btc Looks like has formed a falling wage pattern and it is at the Last Elliot Wave
Wedge
Rising wedge in EURINREuro to Indian Rupee pair (EURINR ) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI.
The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 86.8 on the EURINR spot pair. SL may be kept above previous high, around 89.30.
Banknifty Analayis Banknifty after a extreme bullish view posted way back (link in related idea section) has achieved most of the upside targets. The current weekly candle is not looking promising which has also formed on the top line of pitchfork which I had drawn long back, On weekly charts it has made a rising wedge kind of pattern and it has also not retested the previous ATH breakout as such (41800). This level is also around 38% fibo retracement of current swing from Sept low to latest high.
Some cool off in BN may be worth here ....
Summer is Coming : Voltas Ltd NSE:VOLTAS
Voltas Positional Pick
Technical:-
Voltas ltd has given some fake moves after the breakout of the falling wedge but it is not able to hold the shorts and bounced back above the pattern.
On 10th Feb it has given a strong range breakout with strong volumes,
we are planning to take entry upon breakout Retest so it can add more confluence. (entry in zone 830 -835)
the stop loss shall be below the breakout candles low on the daily timeframe (795).
the target levels are mentioned on the chart.
Fundamental:-
Voltas ltd is a manufacturer of electric appliances mainly cooling systems and it has made a good position in the market by providing high-quality products,
and the summer is already on its way so many new cooling systems will be installed in offices, homes, etc will boost Voltas Stock in the coming months.
this is only for educational purposes only.
Always trade with stop-loss.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
Voltas: Both way movement possibleNSE:VOLTAS trade levels, in either way, is mentioned in the chart.
As RSI in 30m chart showing a small breakdown a uptrendline, may be little down is possible. Roughly 900-925 is the consolidation zone.
Volume is not there.
Checking the OI Data:
1. Max support: 900 (call unwinding and put addition happens)
2. Most interesting: at 920 roughly little more than those unwound calls are getting added.
Strongly feeling it will be range bound.
Mighty Nifty - Expiry Day March 2Trend deciding zone is 17480 - 17520. Buy level is 17520. Sell level is 17400. Watch the video to know about expected range for expiry.
CRUDE OIL TO BOILTVC:UKOIL seems to have completed triple zigzag correction in wave 2.
Near to breaking out of Falling wedge. A Robust Rally in Wave 3 of Bull Market which can take it abv $300 in next 2 years.
Bullish OIL is Bullish for stock market.
Astrazeneca trendline support!!!!Stock is maintaining it's HH and HL structure and trading along the trendline. If stock breaks above trendline then we could see 3800-3900 levels and the sl can be kept at the trendline.
EURUSD - Chart Pattern Formation We can easily see the formation of Falling Wedge on 4hours and 3 hours Time Frame.
EURUSD has touched its First support and lets hope it respects and repels it from here.
XAUUSD Scalping OpportunityGuys.. grab some pips $$$$.. with short term trend..
Market is consolidating on bigger timeframe.. Trend is not confirm yet.. as we do not have control on banks..
Follow for future updates.
NIFTY 50-50 😏look my plan and give suggestionhey folks
here is my nifty 50 idea , as we can see divergence in macd and rising wedge breakdown at a same time we can see parallel channel downtrend.
My actual target for nifty is around 16000 range
Kindly give your thoughts in the comment section
Rising Wedge in JPYINRJapanese Yen to Indian Rupee pair (JPYINR) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI.
The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 0.6140 on the JPYINR spot pair. SL may be kept above Friday high, around 0.64.
Orchid Pharma: Breakout ReadyA nice rising trendline support.
Also broken a rising wedge (ascending triangle) pattern.
Buy above 414.
SL: 396
T: 425/435
INDUSIND BANK RISING WEGE PATTERNINDUSIND BANK
Time Frame = 15 Min
Pattern = Rising Wedge Pattern
Pattern Type = Bearish Pattern
bandhan bank chart analysisbandhan bank chart analysis for intraday and swing trading.
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Tata Steel at major demand zone!!Stock is trading near major support as it is a confluence zone of horizontal support as well as trendline support. Below 105 bearish trend will be confirmed.
Education About Bearish Rising WedgeHey there!
Lets Learn About bearish rising wedge
A bearish rising wedge is a chart pattern that often appears in the stock market and is seen as a bearish signal. It occurs when the price of a stock moves up and down, forming a wedge-like shape that is inclined upwards.
The pattern is considered bearish because it signals that the stock's upward momentum is losing steam, and that there may be a price decline in the near future. The pattern is formed when the stock's high and low prices move closer together over time, creating the wedge shape.
Investors and traders watch for this pattern as a sign that it may be time to sell their stock, or to short sell the stock, meaning to bet on a price decline. However, it's important to remember that a bearish rising wedge is not a guarantee of a price decline, and it's always wise to consider multiple indicators and factors before making any investment decisions.
Here in my example as we can see s and p 500 is forming bearish market structure and forming lower highs and lower lows.
In conclusion, a bearish rising wedge is a useful tool for investors and traders to keep an eye on, but it's only one of many factors that should be taken into consideration when making investment decisions like I used another indicator to confirm my analysis. So, keep an eye out for this pattern and stay informed, but always remember to do your own research and make informed decisions.
Bye Have a nice day
SYMPHONY Falling Wedge Pattern Symphony attempting to breakout on 1Week timeframe on high volumes. It is trying to break out from falling wedge pattern. It is a pattern within a pattern (Falling wedge in a Triangle Pattern). Go long after breakout confirmation.
KPR MILL - Falling Wedge BreakoutKPR MILL has formed Falling Wedge Pattern on Weekly Chart and given breakout with very high volumes .
RSI (14) near 60 - indicating start of momentum.
Stoploss should be placed below 518
Target should be - 638 / 710 /768
trendlines,RSI and S&P 500S&P 500 where 73% stocks are trading above 100 period average
is trading near trendline support
the rsi divergence witnessed earlier
PGEL moving in wedge.PGEL is moving in a wedge pattern for a long time. Now the wedge is compressing and could breakout either side.
Mighty Nifty - Expiry Day Analysis Feb 9Yesterday downward channel gave upside break out and formed rising wedge pattern. Buy above 17910 with the stop loss of 17880 for the targets 17940, 17980 and 18020. Sell bellow 17830 with the stop loss of 17860 for the targets 17800, 17760 and 17720. Expected expiry day range is 17750 - 18050.
