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
NSE:WELCORP The prices has given the breakout from the Rising wedge pattern. The other information is on the charts.
Apollo tyres stock is on their important level also price formed a rising wedge pattern
GAEL 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
Couple 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...
buy=905.80 target=931.15 stoploss=886.20 ascending wedge breakout with retestment.
buy=1518 target=1551.40 stoploss=1492.55 ascending wedge pattern breakout.
TORRENTPHARM Looking weak after breaking down the rising wedge pattern and the level of 1500. Here are some important levels we can expect.
Last 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...
The 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.
Looks like good buy possibility as per chart - Entry near 717 SL below 710 Targets variable.
Looking 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
Rising wedge pattern formed in PEL keep eyes on it..
The 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...
ABSLAMC 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 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.
stock 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...
Banknifty'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...