The JPYINR pair has just broken out of a downside wedge (classical charting). Wave counts indicate a complete ending diagonal (Elliotwave count) with all subwaves visible. Moves following the completion of diagonals are fast and we can expect a quick move to the 60.00 - 61.00 as an initial target subject to the recent low of 54.63 holding
Logic (Range bound): In shorter period, it's ascending triangle (green lines). In longer tf (red downtrend line is longer time downslope trendline), it's symmetrical triangle (pennant). Most likely the breakout will be at higher level only as the shorter term is bullish. Fundamentally : Kotak Bank is the _best_ asset quality bank across PSU and pvt banks. Very...
NSE:CONCOR looks extremely bullish in weekly timeframe. And note: There is a mulling over Govt for the potential disinvestment of CONCOR to reduce Govt shareholding from 55% to 34% and relinquish the management control to strategic buyer(s). Looks like market is factoring that in. There is a 5 years long monthly trendline shown as the green slanted line ...
Route Mobile: Symmetrical triangle formation (shown as bold green and red lines) The current price is in consolidation zone (shown as the violet color rectangular box). So one has to wait for the rectagular box breakout with volume at the price level of 1442. SL is the box's low: 1320. Upside target can be 1480.
On 1h Time Frame Stock Showing Reversal Of Falling wedge Pattern It can give movement upto reversal target of 2640+. There have chances of breakout of resistance level too after breakout of resistance level this stock can gives strong upside rally upto 2900+.
Bajaj Finserv has been trading in a range and forming rising wedge pattern on the daily time frame. The stock has been taking support from 20 DMA and has closed just near the level. A morning star pattern is there on the daily time frame. Stock has closed between both the moving averages on the hourly time frame. An entry can be made in the down side, as...
1. Took Support at Descending Broadening wedge & Previous consolidation low 2. Buy above 1185 on weekly close 3. Stop lose below 1090 on weekly close
1. Support - Trendline , Demand Zone & Wedge pattern 2. Target 1 - 2718 or wedge pattern resistance 3. Target 2 - 2965 4. Target 3 - 3265
Many reasons: Inverted Head & Shoulder breakout with Very High volume surge. Ascending triangle pattern breakout. Strong Buy with a SL of 900 for a target of 1000.
Reliance took the support in the Falling wedge Stop-Loss : below the wedge patter as shown Target-1 and Taget-2 mention as per the last swing high Volume is in crease
NSE:AARTIDRUGS had a steep slope, made a climax, will it make the falling wedge? It is just a chance that the falling wedge can occur. I will adjust the trendline after the second peak and trough. Note - The Upside breakout after the falling wedge can be the steep upward rally.
DOW JONES is in a significant invert cup and handle pattern that has broken to the downside and is moving into 27587-27129 range (0.5 FIB). Where it might find a temporary bottom and bounce to test the upper trendline of the falling broadening wedge.
#Techm ascending broadening wedge chart pattern CMP:1019.85 @ 15 October 2022
AU Bank takes support in the Rising Wedge in the Weekly Time Frame Good for Swing Trader 4 Times the Trend Line have been tested Latest RSI have crossed the SMA RSI, so we can expect minimum 5 % in a week or two. If the Global Condition is Neutral or Bullish, then we can expect the rise in price till the Top of the Wedge if the Global condition is not in favor,...
Nifty at important resistance from downside trandline. If take resistance from level target seen on chart.
On 1 Hour Time Frame, PEL indicating reversal from 815-820 level and expected reversal upto 840 level. If PEL gives breakout of this level also then it will extend for further breakout target upto 930+ level in upcoming few trading session.
SGX:IN1! after giving break down from falling wedge patterg, SGX is all set for 16600 level target, long term target is 16200 based of support/resistance and supply/demand zones analysis.
In today's session, BATAINDIA gives breakdown of Rising Wedge pattern at 1795 level. After this breakdown expected downside target 1775 to 1730+ level in next few trading session according to chart pattern. Can short BATAINDIA below 1795 with stop loss of 1820 for this target.