Details on Chart. Note: This is for study purpose only.
Rational : Triangle Pattern
Probable scenario:- The rising wedge pattern is a probable sign of a strong bearish movement. In the case of TCS, if the price doesn't hold the support line it might go bearish . If the price doesn't find immediate support while retracing it might go for a strong bearish move. Alternate Scenario:- If the price breakouts the resistance level and holds that...
Hindalco has been falling from its ATH of 427.50 from 10th May onwards and has made a Falling Wedge Pattern. It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal. So it...
JINDRILL Daily: Looks good for more upside at CMP 1) Rising Wedge Breakout 2) High Volumes 3) Offshore drilling company in India’s Oil & Gas sector Comment with a 🔥 emoji if you are going to trade it.
Natural gas is at crucial levels. Rising wedge formation can be seen on weekly TF. 2 Doji weekly candles can be seen at resistance levels, if breaks 284 on daily candle close then can expect more upside, else looks probable to come down to 250 levels P.S. Wait for Daily candle close breaching 260(downside) or 284(upside)
Check out this chart, all supports, resistance, and trendlines are respected by BTCUSDT. If you like it then follow me for more.
ONLY TRADE INSIST WHEN STOCK BREAKOUT CHART PATTERN & BLACK LINE SUSTAIN CANDLE . TARGET & SL INTACT . KEEP PARTIAL PROFIT BOOKING AS PER YOUR RR RATIO .
Target 1 ON - 7% return within 2-3 days.
Breakout + Retest Done + Rising Wedge Breakout
how rising wedge chart pattern forms and trade set up explained through charts . for educational purpose .
Rising Wedge pattern is formed in Daily chart of TCS. one can try long position to catch range movement...else wait for trend reversal and might take a consolidation on nearest demand zone.
1. Falling Wedge Breakdown 2. Bearish Pinbar at Resistance 3. Short Sell 4. Target 159.5
Banknifty Nifty has formed Rising wedge on both 1hr and 2hrs time frame, usually this is a bearish reversal pattern. along with that, it has also formed double top at 35800 levels and has seen profit booking at that level.
Bullish moment expected. Wait for reversal. Information available on chart "🔰 ➼I do only Swing trade ➼I Trade only when RR is in my favour ➼Please correct if I am wrong ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>"
∘ Nifty Overview What kind of pattern do you see ? comment in below 👇
Good set up in reliance,, good to go long around this levels...