POEL Monthly tf ultra bullish structurePOEL 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
Wedge
Rising Wedge + Exhaustion GapAfter 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
DJI Seems Weak! S1-30520 & S2-29589 may act as supports.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
BULLISH on WELCORPNSE:WELCORP
The prices has given the breakout from the Rising wedge pattern. The other information is on the charts.
Apollo tyres looking good Apollo tyres stock is on their important level also price formed a rising wedge pattern
GAELGAEL
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
SHORT AU BANK for target of probable 400Couple 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 interest rates hikes.
If rising wedge is followed then target of 400 can be seen. trade with strict Stop loss on weekly closing basis. Or just stay away.
ascending wedge breakout buy=905.80
target=931.15
stoploss=886.20
ascending wedge breakout with retestment.
Rising wedge pattern in TORRENTPHARMTORRENTPHARM Looking weak after breaking down the rising wedge pattern and the level of 1500. Here are some important levels we can expect.
Chart of the week. GMM Pfaudler. 2/9/22Last 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 a huge volume . GMM is MNC and is a market leader in his business. This is a very good Techno-funda stock as there have a monopoly business in India. The company is very good Fundamentally too. On weekly charts it has created a continuation pattern after a long consolidation, therefore, I recommend this stock for investment. Now we can expect the stock testing its previous all time high of 2100 which is around 15% gain. We will review this stock again at 2100.
CMP - 1825 Weekly
Target - 2100 Weekly
SL - 1700 Weekly
View - Short to Medium term.
Rising wedge pattern in NIFTY 50The 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.
paytm buy possibilityLooks like good buy possibility as per chart -
Entry near 717
SL below 710
Targets variable.
Rising wedge pattern in BANKNIFTYLooking at the global market, it seems that tomorrow the market will open gap down. If the market opens flat then you can trade by using these levels
DEEPAK NITRITE - Falling Wedge Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
ABSLAMCABSLAMC has corrected almost 50% since its IPO, it's currently forming a falling wedge and breakout of which hasn't happened yet. It has also given a mother bar breakout after 6 trading session. Can give some short term upside momentum and may reach the upper trendline of falling wedge.
If it can give a successful breakout there, that can be a sign of reversal
Balkrishna Inds Cmp 2007 dated 7-9-2022 Balkrishna Inds Cmp 2007 dated 7-9-2022
1. Trendline support @ 1950
2. Falling Wedge Pattern BO @ 1915
Buy above 2015 for a tgt of 2040-2065-2100-2150
2240 SL 1950
It is just a view, pls trade at your own risk.
lti back in uptrendstock corrected almost 50% from its 52 week high
and we can see double top formation and price corrected
and now double bottom is formed
and cup is made of double bottom with falling wedge as handle
now we can consider it to be in the buyzone and we also see rsi positive divergence + price closing above 75 ema
so multiple signals prove that we have a strong up trend
#BANKNIFTY completes an ending diagonal and can head southBanknifty's upmove from mid Jul (from ~ 32400) has been impulsive - either a wave 1 of a new bull market or wave C of X of an ongoing correction ( heading to 30000-32000 region)
Whichever the case, the immediate direction is down if todays high of 40753 is intact.
The ending diagonal is clear and should soon resolve to the downside. Expect an initial target move into the 38420 area. The structure of this downmove should indicate to us the next course of action. For now - look for new lows if today's high holds.
Nifty should follow same direction
Nifty outlook 9th SeptemberNSE:NIFTY is forming a bearish wedge pattern. We might top out around 17900 and should start down from there. If the lower trendline convincingly breaks, we might be back at 17100/17200 levels soon.
Go Long with Ajanta Pharma for swing trade Aggressive Traders can go long with Ajanta Pharma at CMP around 1300 with SL around 1250-1260 and target 1330, 1400 and final target around 1440-1460.
It may consolidate near 1460 for few days before next move.
Conservative traders should enter near 1190, if get chance, with SL around 1140. Target depends on next price action. Same targets can be considered if major selling pressure is not seen before reaching to entry point (1190).
DISCLAIMER:- I'm not SEBI Registered. Ideas shared here are my personal view and not to take trades, these are for educational purpose only. Please consult your investment/trading advisor before taking any position.
