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
Wedge
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.
NIFTY INDTRADAY SUPPORT AND RESISTANCE LEVELNIFTY
TIME FRAME = 15 MIN
PATTERN = RISING WEDGE
Today's Weekly Expiry so be carefull
Nifty 50 Falling WedgeNSE:NIFTY
Entry - 17900+ (White Ray)
Stop Loss - 17650 (Red Ray)
Target 1 - 18200 (Green Ray)
Target 2 - 18475 (Green Ray)
Target 3 - 18700 (Green Ray)
NIfty 50 has been forming a Falling Wedge in a daily time-frame. The volumes have been comparatively high which means that a good base has been formed. The FIIs are oversold and stand at around 19% long position. So there is a high chance of FIIs getting back to buying.
Chart
There was a false breakout on 24th January (Blue arrow). Which caused a very fast sell off and also there were news triggers to cause the sell off.
Today i.e. 9/2/2023 would be crucial for NIfty. A breakout could help Nifty go higher and the bulls would take control. High risk entry would be immediately after the breakout. A less risk entry would be at a re-test of the wedge.
Nifty 50 Intraday 1H Nifty 50 1h chart. Nifty near Resistance zone. A Small Rising Wedge Pattern Formation seen. If Breakdown comes below 17850,
Target Will be - 17800,17730.
Banknifty Rising Wadge Banknifty
Like Rising Wedge formation
If 41800 not sustain.
Big fall.
Not SEBI registered. It's only Education Purpose
HINDALCO Weekly Chart HINDALCO Weekly Chart Analysis. There is a Up word resistance level present. Stock moving in a Rising Wedge pattern. Sign of Bearish trend...?
February (15,16) market prediction February 15 or 16
Big movement in banknifty and Nifty
Trade base price action(up or down) confirmation
But movement is very big either up or down
Trade base on price action confirmation
HDFC Bullish RejectionThe weekly chart of HDFC is exhibiting rejection of the bulls for the last five weeks. This can also be seen in the rising wedge which is forming on the Daily chart.
Further, this type of price action is also forming at the completion of 61.8 AB=CD harmonic pattern.
The thesis is bearish with target of point B of the harmonic pattern at 2507.
ICICIBANK Wedge breakdown on weekly chartICICIBANK has exhibited breakdown from rising wedge on weekly chart. Bulls got rejected this week, increasing the chances of breakdown.
Wedge breakdown price target zone: 843.
Sonacoms - Falling Wedge BreakoutHi,
it looks like sonacoms about to breakout. Please check chart for SL and TARGETS.
Thank you,
Paytm at perfect sell levelNSE:PAYTM at previous support and current resistance near to trend line. Also form a rising wedge and break the level Perfect opportunity to sell for a target around 10%
Approach towards AUDUSD Short.Hello Traders!
1. We see an Elliotical rising wedge completed.
2. A clear impulse down . We can expect at least one more impulsive wave even if it happens to be a zigzag correction and not an impulse down.
3. A retracement of 61.8%.
4. The invalidation level and target levels have been marked on the chart .
5. This is not a very long term trade . Though, it is not expected for AUDUSD market to touch the invalidation level even after our trade is complete, we will still not go short further than Target 2 and wait for re-entry.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
NIFTY 50 falling wedge PatternNifty falling wedge Pattern
Resistance :-18160
Support :-18060
(in this zone avoid Option Trading Future you can trade ,okh
premium decay
Bank Nifty - Analysis for Jan 23Buy above 42580 with the stop loss of 42520 for the targets 42640, 42700, 42820 and 42900. Sell below 42460 with the stop loss of 42520 for the targets 42400, 42320 and 42240.
Bajaj Electricals Falling Wedge Formation Near SupportNSE:BAJAJELEC
Bajaj electricals falling with a low momentum on low volume.
if it closes above 1150 then enter long.
stop loss below the support of 1115.
here is the daily chart
the break down level is also mentioned on the chart and the weekly support line can be used as a target.
Idea Only for educational purposes.
I hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
3.5x in 7 monthsLODHA rose from 430 in Apr 2021 to 1500 in Nov 2021. Made a top 1540 and formed a falling wedge pattern. From the top price fell 50% in 5 months. This is like the covid fall. Hence whoever regrets investing during that period, this is the same thing. But there is a fact that some stocks also go to zero when they start falling. Therefore it should not be the reason to invest.
Looking at the chart it has given a wedge pattern breakout. Next it is forming a triple top pattern with a top of 1130-1190. In all one-by-one price is breaking out of all obstructions.
Falling Wedge BreakoutAffle has made green close on above of falling wedge pattern and ready to give 1:4 return
Siemens volatility compressionSiemens has formed ascending triangle and is at the top of the triangle. It will be interesting to watch if stock breakouts or continue to remain sideways inside the wedge.
Buying opportunity in BankniftyTry to keep the SL small as there some good resistance, But still there is a high probability to break the resistance.
Falling wedge pattern reversal in CONCORCONCOR
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 735+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 828+ .
