Bank nifty -= Raising wedge HourlyBank nifty found found raising wedge breakdown in hourly, Stop loss and target mentioned in the chart
Wedge
BTC PRICE MOVEMENT ANALYSISTheir are to scenario of btc price movement.
1) BTC break falling wedge & retest then goes to 38K$.
2) If BTC break down side then, it bounce from demand zone at 24-25K$. and goes for 38K$ target
BankNifty Tidal Wave- Ride or Crash? 15th May 2023Welcome back to another episode of Wave Talks. Bank Nifty's Tidal Wave -Ride or Crash: Index can face a significant shift with the unfolding ending diagonal. Will you ride the wave to profit or crash on the shore? Unfolding wedge pattern
It's time to reconsider Bank Nifty's pattern as it poses a risk. Let us discuss in details price objective & outlook for next few weeks with key & critical levels for better risk management.
Last Idea - BankNifty's Danger -Is this a rising wedge
TRIDENT - 205% RETURNS!!!BUY - TRIDENT LTD
CMP - Rs. 32
Target - 1: Rs. 50
Target - 2: Rs. 67
Target - 3: Rs. 98
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Technicals - Bullish Wedge BO
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This is just a view by an expert analyst, please invest at your own risk.
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BankNifty's- Danger: Is this A Rising Wedge?– Time to RethinkEarlier in The Day - When Magical Level of 43350 Holds
Ending diagonal
Also known as an ending wedge, is a term used in the field of technical analysis to describe a specific chart pattern that signals the end of a trend or price movement. This pattern is characterized by converging trendlines that form a wedge shape and typically consists of five waves, with the third and fifth waves being smaller than the first and second waves.
Rising wedges are bearish reversal patterns that often signal the end of an uptrend, leading to a decline in prices.
Few classic examples from history where rising wedges have occurred, and financial instruments have collapsed:
1. The Dot-Com Bubble (2000):
2. The Global Financial Crisis (2007-2008): A rising wedge pattern emerged in the US housing market and various mortgage-backed securities leading up to the financial crisis.
3. The Crude Oil Crash (2014-2016): Crude oil prices experienced a sharp decline between 2014 and 2016 due to a combination of oversupply and weak demand. A rising wedge pattern was evident in crude oil prices before the crash.
As a trader, it is essential to be cautious and aware of potential risks when trading financial instruments that exhibit rising wedge patterns. Some tips to keep in mind are:
1. Stay informed about market trends and technical analysis patterns to identify potential reversal signals, such as the rising wedge.
2. Keep track of economic data, news, and events that could impact the financial instrument you are trading.
3. Practice proper risk management by using stop-loss orders and position sizing to minimize potential losses.
4. Diversify your trading portfolio to reduce the impact of a single financial instrument's collapse.
5. Remain disciplined and follow your trading plan, ensuring that you do not give in to emotions like fear or greed.
16th March 2023 :Last idea - Truncated Pattern Are Really Explosive : BankNifty
SonaComs - Daily.Falling wedge.
On breakout, it can give a goood upmove till 496-574-691-791 levels.
Sl - yours. (It has corrected more than 50% from highs)
My BTC 2023 scenario 48K or 60-62K? Hi dear community and my loyal followers, I hope you are fine.
I'm looking at weekly log chart of BTC.
As you noticed from my previous analyses I compared 2022-2023 with 2015-2016 and not with 2019-2020 coz they are very identical. Taking into account this similarities I nailed any single move from the bottom of 2022/15.5K/ to the current moment /30K/.
As you see Based on my measurement and similar move I don't expect BTC to dump below 25K instead of it I expect pump to 35-37K maybe a little bit higher/37-38K/ filling weekly FVG zone and reached the same % pump as BTC did in 2015, after that we'll see dump to 20-22K filling daily GAP on BTC futures. Then we'll see see huge bounce towards 48K if we count 30% from the top and 60-62K if we count from the last swing high 37-38K to the top as it is shown in 2015. The worst case I expect 48K in 2023. When BTC reaches 48K or 60-62K we should see deep correction to 25-28K in case that BTC new ATH will be hit in 2024-2025.
If you like my analayses don't forget to check below analyses, like, comment, follow and share please. I will appreciate any kind of support. Have a good day, I wish you good trades and big profits.
GNFC Falling Wedge Pattern Breakout on Weekly ChartGNFC has coming good buying volume, expecting a good returns in short term. Also it should be seasonal stock as monsoon is coming. Good Rally ahead, keep a watch or enter into CMP with stoploss 580
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
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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!
