1. Price action 2. Bigger time frame Rising wedge pattern show & 5 min frame show rising channel ( 3 top pattern ) 3. IMportant levels marked in chart
Consolidation from all-time highs within clear pennant formation. Pennant trend lines re-tested multiple times on the up and down side. Big breakout from the pennant today. To watch and ADD.
MUTHOOTFIN | Wedge breakout inside triangle pattern - 10% CMP : 1205 (Dip : 1150) SL : 1110 Target : 1330 1:3 risk reward setup
If MATIC can hold the triangle bottom, it can give a nice up move Targets Zones: 2.14-2.69-3.16 Stop Loss Zone: 1.72 Disclaimer: This is just my personal view. Please do your own research before trading.
Nifty on Friday has seen a narrow range top with spot Nifty making an all time high. However, volume seems to be drying up. Does this mean SM have stopped trading and only amateurs have taken positions? Can this be a false upside break of the wedge forming? I remember the instance mentioned in Tom William's book Master the Markets looking at this instance....
Price forming a falling wedge pattern and it just breaks out in the last session and it couldn't hold the move and almost went 50% down. One can expect the price to move up smoothly from now.
Gland Pharma is involved in the business activities of Manufacture of medicinal substances used in the manufacture of pharmaceuticals: antibiotics, endocrine products, basic vitamins; opium derivatives; sulpha drugs; serums and plasmas; salicylic acid, its salts and esters; glycosides and vegetable alkaloids; chemically pure sugar etc.. The Stock broke out a...
Mahindra has given a clear breakout with retracement. Watch out for potential upside. For any Queries please leave a comment. Its our endeavour at Clear Trading to give you the best analysis of the Stocks. For educational purpose only.
Nifty went below channel a tail can be seen right below channel drawn. Expecting wedge pattern to end by Throw over above channel 15500-600 could be zones to watch out for. Dip can be expected in zig zag fashion towards 15200-100 levels. Just for study purpose only and should not be interpreted as a proposition to buy or sell in any securities.
SAIL is creating a base again to be a bulllish RAIL ----------------------------------------> As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge), also the momentum increased creating a bullish divergence. So we can expect a good spike in upcoming days.(Can be a...
Price formed a complete falling wedge pattern and it is getting ready to break. In the lower time frame in the last session a triangle pattern was formed and we can take this as an indication for breakout.
The flight is neither landed nor reached the skies for the last 6 months and now it is ready to fly high hopefully. :)
HDFC has given a breakout from falling wedge and has been taking support from 50 EMA . Even after the falling wedge breakout, 2605 seems to be a rejection region where one or two gap up openings could not sustain. A closing above 2605 with good volume can be traded for a swing or positional trade for first target of 2768 and second target of 2888. Some good...
RBLBANK- short term trade setup for RBL bank - Buy above 200 for target 218- sell below 189 for target 171 NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success. (Do talk to your financial advisor before making any investment decisions) please like, share and comment if you have any suggestion or query regarding this...
HEY FELLAS , BITUSD is forming a rising wedge consolidating for a beraish momentum. Waiting for a bearish breakeout.
two channel pattern with same momentum. can expect target of 175 (25% from CMP) #the_pravin #simplepriceaction #chartreading