We started to write about the ending pattern ni the Nikkei in late July, but if time was a science we could have said it will take another month to complete. The pattern did not change only the point where wave e ends did. We now have a breakout and a strong rally for Japanese stocks as the next impulsive rally begins. Japan longer term is a turnaround market in...
Falling Wedge Pattern Breakout is seen in NSE:M_MFIN with good volume . Lot of accumulation is also visible in this area. There's RSI Bullish Divergence too. Can be a good bet for longterm.
BANKNIFTY still in uptrend and have successfully broken out of a month long consolidation but now it is trading on very crucial levels, though it has broken out of a month long consolidation it did not show the strength and volume that was expected
expecting short term bullishness from here till banknifty sustains above 36200-36500 which is long range as a level...
Disclaimer :-
*For educational purpose only it's not a not a call do your own analysis. We won't be responsible for Any profit or loss.
Stock is looking good above 97.75(ATH) on daily closing basis.
Thanks!
#Breakouttrades....
AU Bank made a rising wedge pattern on daily timeframe
After a bearish engulfing candle it made inside candle
on low of this inside candle we can make a trade of downside with stoploss of high of inside candle
it can be a fast movement targets are provided on chart
Keep it in watchlist and also check banknifty along it.
In a smaller timeframe, TCS has given a breakout of rising wedge pattern and it may give some retracement and start with its up move. So we can keep it on the watch list for intraday if not for Wednesday then for Thursday.
Hello guys in chart you can see it is forming "Falling Wedge Pattern", if this pattern gets breakout than its take profit target would be $1.68....So guys just keep eyes on WRX.
Extremely important to wait for the confirmation from the levels.
A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.
Reliance spot cmp 2105
counter have formation of falling contracting wedge ,, where the breakout and retest is done,, currently counter is trading in symmetrical triangle formation,, break out of which would lead to good up move,,
Rsi and MACD giving early indication with bullish divergence
MAcd positive Crossover,,
Good long criteria buildupp,,
Bandhan Bank Trading in a Falling Wedge Pattern.
Since the inception of this scrip, it has traded/followed the falling wedge pattern. There isn't any incentive to go long until there is a decisive breakout out of this falling wedge pattern. Decisive breakout means breakout out of the channel on upper side (for long), and then another candle confirming breakout...
