Weekly Time Frame - YES Bank has made a double bottom on the weekly time frame Daily Time Frame - On the daily time frame, YES Bank is trading within a descending wedge. One can see stock consolidating around the level of Rs. 11 which is also the lower side of the descending wedge. If the stock sustains to trade and consolidate above the level of Rs. 11, a...
It is a large cap scrip, it is in an uptrend for a long time and now it is near to the multiyear resistance. There can be a huge up move in this scrip if if breaks that resistance, so do watch out for this level and set an alert on it. Don't short this scrip until it breaks the support zone and better to short after the pullback. Point to be noted is that the...
This scrip is in an uptrend for a while and it is trading between the wedge pattern, now it had bounced back from the support so i expect this price to reach the channel's resistance in next few weeks. Swing traders may consider to long this scrip with SL just below the support and may add more quantities after the breakout from the monthly Fibonacci Pivot.
Target About to achieved. Consolidation zone breakdown good move on hourly chart
I’m currently seeing a falling wedge on the 4h. It’s clearly visible that we got a rejection on the 3388 level. I think that if we break out of the wedge we will hit the technical target which will be at around 3500 approximately. It looks like we found support at the 3248 and 3199 level approximately. Keep in mind that we’ve also got a bullish divergence as...
bnb breaking out of the wedge pattern let see if it sustain the hourly candle will take trade based on breakout and retesting 405.65 level and cross checking it whether it gives wick rejection 20 ema the target will be followed based on ema trend following system
MOTHERSUMI | Trendline breakout ahead - Potential for 20% CMP : 222 SL : 210 Target : 270 1:5 risk reward setup
Valiant Organic Cmp 1456 dated 13.9.2021 1. Falling Wedge BO @ 1390. Buy for a tgt of 1500-1600-1700 SL 1350 It is justa view, pls trade at your own risk.
Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
bitcoin is making a falling wedge pattern . this is a bullish pattern and if it breaks the upper resitance of the falling wedge then this could be your last chance to buy bitcoin
HERITGFOOD | Wedge or Trendline breakout - Potential for 25% (Short term) CMP : 456 SL : 425 Target : 575 Almost 1:4 risk reward setup for short term. Weekly chart attached in the comment section, which is strong support zone for long time too.
Given breakout in Daily TF. Can break the falling Wedge in Weekly TF too. Could be a good early entry above 138.
Positional Pick !! Breakout after a healthy correction and consolidation. Keep Accumulating. Good Quality Stock
TCS can move down in the coming days with IT sector loosing charm target on downside marked attempt short close to 3800 or once pullback channel broken on downside
Piramal Enterprise Ltd formed a Rising Wedge on the daily timeframe. Right now, the price has given a breakdown and is near a support/demand zone that previously acted as a resistance/supply zone.
In today's session, M_MFIN give breakout of falling wedge pattern on daily time frame. After this breakout expected upside rally in this stock. Upside it will give 173 to 190+ target in short term. Possible Trade: Buy M_MFIN @150-155 Stop loss- 140 Target 173/190+
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.