Weekly Chart Analysis: 1. Was trading in falling wedge pattern for 12 years 2. Divergence in RSI 3. Cup and Handle pattern breakout on Weekly charts 4. Cup and Handle pattern breakout on Daily charts. Post-breakout respecting neckline of 90 level. Good place to long, as slowly moving to close above 100 levels.
- Bullish Divergence - Falling wedge Pattern in 5 min TF
Technical analysis: Welcome to this quick update everyone, In Daily timeframe Chart, Bitcoin is Still Moving inside the Falling Wedge2 but Falling Wedge1 breakout and retested done & Above the Major Daily/Horizontal Support (31k to 29k). Need to break both the DMA {Daily Moving Average (21&50ma)} to be bullish and get momentum from here.. RSI (Relative...
Currently banknifty trading near support level of wedge pattern. According to wave analysis more chances banknifty give reversal from its support level. After reversal next target possible in banknifty is 35950+ level. Strong downside upto 34050 level possible if it gives breakdown of this support level.
Rational of trade : Wedge Pattern
Ramco cement spot cmp 1100 Price action indicate counter is on verge to give breakout from it last 4 months consolidation,, Elliot wave indicate counter is in impulse wave 3 of minor and major wave,, good upmove can be seen on breakout Good long candidate
TATA CHEMICALS | RISING WEDGE PATTERN, MIGHT FACE REJECTION FROM THE RESISTANCE LEVEL @771 . LOOK FOR A SMALL RETRACEMENT THEN ENTER THE TRADE ON THE SHORT SIDE TARGET (1): 758 TARGET (2): 752
Overall Nifty is in a Rising Wedge. The way it is shaping up after a cup breakout and now 3 VCP in an ascending triangle, it seems the short term correction will be over soon, unless something drastic happens and the ascending triangle is breached on the downside. MACD also looks bullish for now.
Wedge Pattern Always be extra cautious with breakout trade with confirmation .
Entry 170 to 175 . Target 210 Stop loss 165 Risk reward ratio ( 1 : 5 )
As We discussed earlier Bank nifty break 35500 level then face face Resistance @35800 levels and fell upto 35500 levels. * We can consider this as trendline breakout and Retest if BN took Support @35500 levels and Raise & The chances of up move upto 36000 to 36500 levels. * If BN fell From 35500 levels then We have to Short next Support Will be 35000 & 34650...
Please refer to chart nifty in falling wedge and mostly preparing for a healthy breakout. In every drop big players have managed to lift it up. It means they are not in mood to ditch this. Remember if you think a drop is upcoming like previous year then it's not gonna happen because crashes occur if something is on a global level. Global sentiment is still...
Supply zone perfectly reacted
RAYMOND LONG Entry can be made around 410 Target is 450 Stop loss( exit if it closes below 395 in 1 day time frame . R:R ( 1 : 4.3 )
Short Term View -Sell Nifty Below 15820 strictly target 15700 Not valid above 15820. Updated in the status. Thanks
We can go long in Jyothy Labs with so many confirmations. Entry- If it Comes for Retest Enter @ 163 levels else enter above 170 levels with good confirmation. Tgt1- 184 Tgt2- 200 Sl- 158 >> Always Enter With good confirmation & Maintain proper Risk Reward. ******* Knowledge Purpose only ******** This is my view about Stock/Indices Based on Technical analysis &...
AMBER | Trendline breakout with Fib levels CMP : 3009 (Dip : 2920) SL : 2810 Target : 3310,3360 1:3 risk reward setup ( First target )