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Wedge

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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
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.
NSE:NIFTYLong
by pareshdevnani