Wedge
BHARAT FORGE falling wedge breakout !!!On 2 hour time frame there is a breakout of falling wedge pattern in BHARAT FORGE !!!
There are chances of two scenarios or cases that are discussed on chart.
Swing entries can be made in BHARAT FORGE.
For entries , SL , targets watch the chart.
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[Short Term]Falling Wedge Pattern In NIFTYIn this chart showing different possibilities of long side and short side trade positions in NIFTY. Currently it is trading in Falling wedge pattern on daily time frame. Current trend of nifty will change only if it gives breakout of resistance of inside falling wedge on daily time frame. Once breakout of this pattern possible strong upside rally in nifty upto larger falling wedge pattern resistance. Any major downside now only possible if nifty starts trading below support level.
SPAL a perfect time to enter before a cup and handle boI absolutely loved this stock as right now its the perfect time to enter the stock. It will form cup and handle pattern eventually.
Right now the RR ratio for the stock is highly favorable for a medium term swing trade. And if we are patient enough and if the stock gives a BO of that cup and handle then we will enjoy a lot of profits
Disc applies.
TATA MOTORS - Important supportsTATA MOTORS - Important supports
1. It's a complete market downtrend, I will give you support points for the TATA MOTORS.
2. Currently stock is the primary trend, which is a positive point for it.
3. 340 is the first support point...300, and 280 will be the respective support point for TATA MOTORS.
4. hope it won't downfall as like the 2020 crash.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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BOROSIL LTD - Long Terms BullishBOROSIL LTD - Short term bearish trend
1. Now at the primary trend, it's a positive sign...
2. It breaks the Falling wedge pattern now...
3. Strong support at 272, if it breaks another support at 240
4. Target will be 412 if it breaks with an open and close candle above 295
Educational purpose...
BANKNIFTY & NIFTY SUPPORT AND RESISTANCE FOR [08-06-2022]NSE:NIFTY
nifty and bank nifty is signalling a flat to positive opening.
falling wedge pattern is forming on both charts nifty and nifty.
TFEX:BANK1! NSE:BANKNIFTY
All major support and resistance are marked on this chart added
Happy trading & keep learning