Nifty short planNifty at important resistance from downside trandline. If take resistance from level target seen on chart.
Wedge
Falling Wedge Pattern Reversal in PELOn 1 Hour Time Frame, PEL indicating reversal from 815-820 level and expected reversal upto 840 level. If PEL gives breakout of this level also then it will extend for further breakout target upto 930+ level in upcoming few trading session.
SGX NIFTY 50 is ready for major correctionSGX:IN1! after giving break down from falling wedge patterg, SGX is all set for 16600 level target, long term target is 16200 based of support/resistance and supply/demand zones analysis.
BATAINDIA Rising Wedge Pattern BreakdownIn today's session, BATAINDIA gives breakdown of Rising Wedge pattern at 1795 level. After this breakdown expected downside target 1775 to 1730+ level in next few trading session according to chart pattern. Can short BATAINDIA below 1795 with stop loss of 1820 for this target.
JUBLINGREA Resistance BreakoutJUBLINGREA 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.
Falling wedge in S&P 500 4H chartS&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 off. If not, bulls are strong and 3739 becomes a fair possibility.
ascending wedge breakout buy=2642.20
target=2723.30
stoploss=2580.45
ascending wedge breakout, last swing breakout 2630.30
SUN Pharma above 880 can show min 930Sun 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 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
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
