BSE CMP 900 dated 29-4-2022 FALLING WEDGE BOBSE CMP 900 dated 29-4-2022
1. Falling Wedge BO @ 870
2. Volume Surge.
3. RSI On BO
Buy for a tgt of 1015 SL 850
It is just a view, pls trade at your own risk.
Wedge
Nifty - Long ?#nifty #niftybank #USDINR
With US GDP contracting for first quarter of 2022, the markets will likely enter a "bad news is good news" phase
Any bad news on economic front will be seen as negative for interest rate raises and monetary tightening.
Nifty is likely to re test 18K
ACC : Near to Falling wedge BreakoutAcc is near to falling wedge breakout of level 2200. Weekly chart is showing clear strength in the stock as volume is surging up.
One can watch out for this BO and can easily see 2400 and 2500 levels in medium to long term.
DISC: For educational purposes only.
ZOMATO Analysis - Pure price Action - Intraday Trade 25-04-2022.A multiframe analysis of ZOMATO. Gives a long Entry signal if it give a good retesting.
Please wait for Retesting.
Please Share your thoughts.
Thank YOU
Adani Ports - Possible Correction Adani Ports looks bearish on Daily & Monthly TF due to drop in Long wick candles on Monthly and a Bearish Divergence on RSI in Daily TF. A rising wedge pattern is currently being formed a daily TF.
This is solely my view and for educational purpose only.
let me know your thoughts in the comments section
EUR USD - Falling wedge patterns OANDA:EURUSD
Hi,
My analysis on eurusd is on long position.
Buy after second green candle finished.
T. P - 1.10815
S. L - 1.07294
Happy trader....
Thank you 🤞
NOTE: Tell your thoughts & analysis to share other...
Kothari short term Higher highs bullish formation with volume surge, and near week high, breakout possible if stock starts trade above 50
ALSO CURRENT PE IS LOW AS COMPARED TO SECTOR
A clear Wedge BO on hourly timeframeAs it is clearly noticable, there is wedge formation on hourly timeframe. From past two days there fair amount of rally in the overall IT sector after the dissappointing Infosys quarterly results.
Note : Mphasis Q4 Fy22 results On April 28
Entry - 2930
Stop Loss - 2860
Time frame - For short term
Target - 3080
Best 1:2 Risk to reward ratio.
XAUUSD LOOKS BULLISHxauusd breaks falling wedge pattern . Ready for upmove
ENTRY - 1950
TARGET - 1957 , 1966 , 1982
SL - 1940
(Education Purpose only. Trade at your own risk)
KPR MILL BREAKOUTVanakkam makakle. Yes,we got oppurtunity for a swing trade with around first level target of 8.90% ROI. And also very good for short term because rising wedge la poitu irruku ipo athoda demand zone breakout airuku.
It has breakout in 4hrs and 1hr time frame.So expecting some good swing but at the same time whatever we do must follow risk reward and money management. Have a profitable trade.
Intraday Trade For 21-4-22Intraday Trade in Sail.
- Falling wedge pattern with major support.
- Divergence at lower timeframe indicates breakout.
- For safer side take the entry after Breakkout.
- Aggressive trader take trade at conversion point also as there is 2 confirmations(major support and Bullish divergence).
Thankyou.
#eth premium short callEth short call after ascending broadening wedge I expected at least 3 TP area #premium
Running triangle Leading and Ending Diagonals
Comparison between Running triangle-Leading and Ending Diagonals
Chart 1 depicts a theoretical structure of Running triangle and an ending diagonal in a down trend.
As mentioned the comparison is in a downtrend. Accordingly downward move is termed as directional move and move to the upside is termed as non-directional.
A running triangle has non-directional momentum ie faster moves to the upside (wave A, C and E) than the downward moves (Waves B and D). These non-directional moves donot retrace the previous move completely.
On the contrary, Ending diagonal has directional momentum ie faster moves to the downside (waves 1, 3 and 5) in the direction of trend and these downward moves completely retrace the previous non-directional corrective moves (wave 2 and 4).
Chart 2 depicts a theoretical structure of Running triangle and an ending diagonal in an uptrend.
Differences in a running triangle and leading diagonal is opposite to that mentioned for downtrend.
As mentioned the comparison is in an uptrend. Accordingly upward move is termed as directional move and move to the downside is termed as non-directional.
A running triangle has non-directional momentum ie faster moves to the downside (wave A, C and E) than the upward moves (Waves B and D). These non-directional moves donot retrace the previous move completely.
On the contrary, Ending diagonal has directional momentum ie faster moves to the upside (waves 1, 3 and 5) in the direction of trend and these upward moves completely retrace the previous non-directional corrective moves (wave 2 and 4).
Educational Post EthereumFormation of an ascending broadening wedge after a trough.
This type of pattern appears during the correction in a bearish movement, it is a bearish continuation pattern. Resumption of the bearish movement after correction.
Statistics of the ascending broadening wedge after a trough
- In 79% of cases, the exit is bearish.
- In 23% of cases, an ascending broadening wedge occurs in a consolidation movement.
- In 81% of cases, the pattern's price objective is achieved when the support line is broken.
- In 40% of cases, the price makes a pullback in resistance on the ascending broadening wedge’s support line.
