JUBLINGREA breaks out from 1 year old falling resistance line. It is also looking like a falling wedge pattern. Initiate long after bullish confirmation. Be cautious of earnings.
S&P 500 index futures has completed a falling wedge on 4H chart. Falling wedge is a reversal signal and indicates lack of strength in the bears. Hence, we may see price correct back to 50MA (red line) and the wedge high of 3739. We will watch for price action as it touches the 50MA. If the price reverses and bears come back at 50MA, bullish bet would be called...
buy=2642.20 target=2723.30 stoploss=2580.45 ascending wedge breakout, last swing breakout 2630.30
Sun Pharma looks good above 880/- with formation of falling wedge and can min show 930 levels with SL of 860/-
POEL Monthly tf ultra bullish structure inverted head and shoulder breakout done can look for tp of 148-150 disclaimer : only for educational and learning purpose
After A long Trend In One direction the markets always tend to stall, looking to play in the opposite direction can be a good trade in such cases
Keep tracking Crudeoil, captured in falling wedge, and trading near support area.
DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view! Thanks
NSE:WELCORP The prices has given the breakout from the Rising wedge pattern. The other information is on the charts.
Apollo tyres stock is on their important level also price formed a rising wedge pattern
GAEL Study - Falling wedge and Flag pole correction Breakout Fundamentals - very good company for export as war conditions are going on. Please do your own study before taking any trade. This chart is only for educational purpose SL for this stock breakout may be 285
Couple of things seen on Charts. Rising Wedge pattern on weekly and monthly charts. Also a failed breakout on daily charts. Bearish divergence seen on weekly charts. Indicating sell at higher level. Be careful with this stock. Also same is seen with other Ultratech. Shorting is risky option so wait for a solid confirmation to enter the stock is not resistant to...
buy=905.80 target=931.15 stoploss=886.20 ascending wedge breakout with retestment.
buy=1518 target=1551.40 stoploss=1492.55 ascending wedge pattern breakout.
TORRENTPHARM Looking weak after breaking down the rising wedge pattern and the level of 1500. Here are some important levels we can expect.
Last week GMM attracted my attention around 1700 when it was in a process of making a Bullish Wedge / Symetrical triangular pattern on its weekly chart. 1700 was a strong resistance for the stock since one year . After a year long consolidation and after discounting all the bad news (offer for sale etc.) the stock is finally given a breakout above 1700 with...
The price formed a raising veg pattern and gave a fake breakout. Here are some important levels. I am Bearish in Nifty 50, but nowadays the market does not behave as usual, so we cannot say anything in the closed market.
Looks like good buy possibility as per chart - Entry near 717 SL below 710 Targets variable.