Colpal looking good structure Wait for breackout it can give a good move This is only fr education purpose🙂
Hi everyone. I usually trade with the trend but for the first time I'm Shorting in an uptrend To experience the Rising wedge pattern. I have taken a risk reward ratio of almost 10 so even if it hits SL no regrets. BTW SL is just above the previous swing high and Target is previous Support 2.
Bullish above 38160 for the tagets 38320, 38540, 38700, 38880, 39040 and 39220. Bearish below 37920 for the targets 37800, 37660, 37500, 37340, 37200, 37060 and 36940.
now mbox form falling wedge pattern once break the resistance, place buy order if candle above the resistance line
Gold now rising wedge pattern once break the support ,place sell order if candle close below support line
This is just for Learning purpose . showing the Breakdown of Rising wedge though volumes are not so attractive ,still its the case that need to be kept in watchlist.
Nifty has made a Wedge and holding it as of now. If it hold we can see higher levels and if it breaks it can fall upto 17500. I feel Nifty is in great shape for moving up or perfectly settled for a pull back. One can take a chance and long Nifty with a tight SL of below Wedge line on daily time frame.
TRADE wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your. PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Reason for bullish sentiments ( these are my studies please do your won analysis..) - Price has reached higher time frame demand zone - Bullish signals detected by breakout from falling wedge pattern in lower time frame. - Price at 50% fib level
Bsoft long Rising wedge chart formation Buy above-414 SL- 388 Target- 444, 465 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Simple price action analysis on a Monthly chart of ITC. Initial resistance at 246. Upon breaching 246, it might test 266 in the short to medium term. Medium to long term target is 295. And yes, a bit of patience... and patience is virtue.
Nifty forming a bearish continuation pattern Be ready for expiry special day We will see good fall tommarow Keep watch #chartpatterns
Tech Mah Cmp 1585 dated 12.11.2021 1. Triangle Pattern BO 1595. Buy for a tgt of 1720 SL 1530 It is just a view, pls trade at your own risk.
Pricol Cmp 120 dated 12.11.2021 1. Inverted H&S Pattern on chart. Buy above 122 for a tgt of 135-160 SL 105 It is just a view, pls trade at your own risk.
Hi Friends, Pranam, Now we are going to analysis the BankNifty for coming weeks: In Weekly TF: Refer the Image, 1. Bearish Flag Pattern evidence 2. Index Closed in Support 3. Dynamic Support was in the range of 34435.13 & 32611.27 as per EMA50 & EMA79 4. MACD was Flatten 5. Stochastic RSI as per my View was nearing oversold Range. 6. ATR was average. Long...
Bitcoin is forming a rising wedge on the 4h (what is a bearish pattern). If it breaks the lower support then we're likely to see the 57-58K range. This may be a nice bounce since we're seeing a nice a wick from the bottom. Let's hope this will be a trend reversal but we should also be aware of the Bitcoin fundamentals which can (slightly) change (ie. the...
Rising wedge can be seen on BANKNIFTY Time frame :- weekly The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows.