#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
In daily timeframe, Falling Wedge Breakout Done but Bitcoin Is Not Out Of The Woods Yet.
Volume is too Low right Now & RSI Indicator is Still Moving below the Trendline, need to breakout to take momentum. 📉
📍Keep in Mind that today is the Monthly & Quarterly Candles Closing as...
Wedge forming on 3H Chart of GNFC. Breakout above 365 -> 377, 385, 395. Support 358, 350. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
good volume breakout is seen. good for positional. Watch out for a retest.
CMP- 292
Target-320
stop-loss- 281 or you can trail.
Trade at your own risk.
- stocks has forming falling wedge pattern.
-Stock break and sustain above 412 Next level to watch 430/430 levels .
-Support is near 394 level on chart.
Glenmark forming a Rising Wedge Pattern- Stay Invested or Exit.
A Pattern within a Pattern. A long Term Rising Wedge Pattern and a triangle pattern within it.
To go long it has to break the triangle pattern first and the 52 week high at 658.20 and the trend line. The RSI is also falling.
Iam in a dilemma whether to exit now or to wait for my Target at 705.90.
Potential break out for Bank nifty if it sustains above 35500 in 1 hr candle. As you can see candle is at the top end of a wedge pattern in Long term and a reverse head and shoulder pattern in the short term. This can get Nifty to all time high in the coming weeks. Fingers crossed.
When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.
What is a falling wedge pattern? The falling wedge pattern is a continuation pattern formed when price bounces between two...
BPCL has broken the Long Term TL and has also retested it and the support zone near 464-469. A bullish confirmation daily candle is required to go long. The RSI is also in an oversold position.
The Short Term Hourly chart shows that it is in a Falling Wedge Pattern. So a break above would be a good time to enter the stock for a Medium Term Target of 536.
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✺✺ Target: 1000 Followers ✺✺
Chart Type: Falling wedge type consolidation going on in 1hr TF, A possible good trade can be initiated here with a risk of 3% and Reward TGT of 4% - 6&, Possible activation only on 1hr...
GUYS, SOME CONFIRMATION IS HERE BUT THEN BE MINDTREE GOES UP IGNORE THE SETUP.
CONFIRMATION :
1) MINDTREE FORM RISING WEDGE BEARISH CHART PATTERN.
2) RSI INDICATING OVER BOUGHT.
3) STOCK IS TRY TOO MANY ATTEMPT TO BREAKOUT UPSIDE BUT TOO MANYTIME GET FAILED.
4) CONTINUES NO ONE STOCK GOES UPSIDE FOR SOME CORRECTION IS NECESSARY.
5) TIMEFRAME IS 1DAY...
Stock is taken for example and a possible long trade with 8% risk : National Alum
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Chart Type: Self Explanatory :)
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and...
Ascending Broadening Wedge is continuation pattern.
Pattern has given a breakout with a big move and strong volumes.
Target 200, 235
Stop loss - Below 145. Closing basis.
Use your own discretion
Not sebi registered
