Wedge
Falling wedge pattern - DEEPAKNTRFalling Wedge
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline.
Conversative traders can wait for retest after breakout
Aggressive traders can take entry at last LL ( support ) that acts as turning point
Possible Zone Breakout in Jubilant IngreviaObserved possible zone breakout in Jubilant Ingrevia. Where stock was trading in a range for the past few months. Now we can see the price moving towards the upper range with significant volume support. Also, it has already broken the previous trend line with good volume. considering these price is expected to move upwards.
Trade set-up
1) Can enter trade if price closes above 541 in daily chart.
2) Stop-loss can be at 464.
3) Possible targets are 609 & 648
This is not a recommendation. Do your analysis before investing.
Please let me know your view on this trade in the comment
Target 1 achieved in Lti | 6% mover This idea is a follow-up to LTI
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Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.