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Wedge

ONGC Near falling wedge pattern 1: 8 Risk reward long setupOil and Gas sector retested the flag pattern breakout. ONGC also had retested breakout given earlier and last daily candle showing rise in volume with positive closing. ONGS also formed falling wedge pattern and we are near breakout of the pattern. I see 1: 8 potential up side trade. *SWING TRADE* Buy ONGC 285 Stop Loss: 279 Target 1 (1:2) 299 Target 2 (1:4) 313 Target 2 (1:6) 325 Target 2 (1:8) 340 _Duration 2-3 months_ Trade as per your risk-taking capacity.
NSE:ONGC
by pramodchoudhari
7
BAJEL - falling wedge Breakout - DailyThe chart of **Bajaj Electricals (BAJEL)**, as shown in the uploaded image, displays a well-defined technical pattern. ### Key Observations: 1. **Uptrend Channel**: The price action is contained within an ascending channel, marked by parallel yellow trendlines. This signifies an ongoing uptrend, with the stock making higher highs and higher lows. 2. **Breakout**: The stock has broken out from the downtrend or consolidation pattern that formed between Oct 1st 2024. This breakout suggests a possible continuation of the uptrend, which is also supported by increased volume near the breakout point. 4. **Price Targets**: - The stock is currently near the 286 INR level, and the next potential resistance level appears to be near **324.70 INR**, which is derived from the channel and measured moves. - The stock has shown a percentage price change of **23.65%** from the breakout, with potential to test higher levels. 5. **Support**: The stock has found solid support around the **236 INR** level, making this a key level to watch in case of any pullback or retracement. 6. **Relative Strength Index (RSI)**: The RSI indicator at the bottom shows a strong upward movement, indicating that the stock is gaining momentum. If it reaches overbought levels (above 70), some consolidation may occur. This overall analysis shows a **bullish outlook** for BAJEL, particularly given the channel breakout and technical pattern formations. The next levels to watch would be the **324.70 INR** resistance and possible retesting of support levels around **236 INR** if a pullback happens.
NSE:BAJELLong
by DailyCharts03
DOGS/USDT: BUY ZONE ACTIVATED! 60-70% PROFIT POTENTIAL!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! DOGS looks promising right now, breaking out from a falling wedge and currently retesting the wedge. I recommend going long here with a tight stop loss and low leverage. Targets: $0.00094 $0.00108 $0.00121 $0.00133 Stop Loss: $0.000736 Leverage: 5x What are your thoughts on DOGS's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
Swing Trade Alert: Surya RoshniSurya Roshni is showing a strong breakout on the weekly timeframe, accompanied by huge volume. Here's why this is worth noting: Volume Confirmation: The large volume indicates strong buying interest and adds confidence to the breakout. Technical Breakout: Breaking above key resistance on the weekly chart signifies potential for sustained upside. 🎯 What to Watch: Monitor the stock's price action for confirmation of this breakout. Sustained volume and follow-through above the breakout level can lead to further upward momentum. Always conduct your own research and analysis before making any investment decisions. 🚨
NSE:SURYAROSNILong
by TechnoTrader10