Get started

Wedge

ITC - Looking Weak & Rising Wedge Breakdown PossibleNSE:ITC is looking weak on daily and weekly charts. ADX just crossed 25 ( threshold that I consider ) for directional movement. The downside momentum can continue for targets mentioned on the chart as T1, T2 and T3. The conviction comes from simple price action setup ( weekly doji close and the current week candle closed below doji close ) and open interest data Positional weekly target also listed if we close below T3 decisively. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:ITCShort
by nerdywasabi
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 ....
NSE:BANKNIFTYShort
by aktradelearning
1
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!
NSE:VOLTASLong
by SANJAYPATIDAR_
2
bandhan bank chart analysisbandhan bank chart analysis for intraday and swing trading. trading engineer,intraday trading stocks,intraday trading,baap of chart,intraday trading stocks for today,intraday stocks for 14 feb 2023,best intraday stocks for tomorrow,intraday stocks,intraday stocks for tomorrow,best intraday trading stocks for tomorrow,intraday stocks for 14 february,best stocks for tomorrow morning,best stocks to buy now,art of trading,power of stocks,ghanshyam tech,swing trading,stocks for swing trading
NSE:BANDHANBNK
by TRADINGENGINEER143
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
SP:SPXEducation
by D3ffyDuck