BNF broke the rising wedge pattern. Rising wedge pattern is a bearish continuation pattern. We can expect more downfall for coming days. Trade well.
After flash crash RIPPLE exactly holding our support area...next movement possibilities of pump & dump targets...!!
Bitcoin after flash crash looking critical ...If we looses support then ready for next dump!!
BANK NIFTY MADE RAISING WEDGE PATTERN AND IT BROKE IT'S LOWER TREND LINE AT TODAY'S OPENING.THRROUGH OUT THE DAY GAP GOT FILLED AND PRICE SINCE HAS REVERSED AND HAS STARTED FALLING INDICATING END OF WAVE B AND START OF WAVE C OF AN ABC CORRECTION.ALSO IT MADE INVERTED HAMMER ON CANDLESTICK FRONT. 1:1 EXTENTION TARGET OF WAVE C COMES @ 30917.hENCE SHORT TRADE CAN...
Everything explained in the chart . Cheers :D
Abbott India one of the Portfolio stock was underperformer last many weeks, it has formed falling wedge Pattern on daily chart. Breakout will be good trading opportunity if closes above top trendline and sustains. (Disclaimer : Study purpose, do your own analysis!)
Watch out the chart for multiple bullish confirmations
ENTER ON 1 HOUR TRENDLINE BREAKOUT
MAINTAIN PROPER SL AS PER YOUR RISK.
BEML | Wedge breakout + Consolidation for next breakout - 23% CMP : 1220 (Dip : 1160) SL : 1110 Target : 1420, 1500
Holochain still consolidating & forming 2 different patterns with 2 possible Targets, If we dont looses major supports..!!
1.Triangle Pattern breakout 2.Breakout of previous resistance 3.2x volume than average volume from last 3 weeks 4.RSI >60 , and trendline breakout For Medium term investment Entry at 550-560 SL 515 Target 1: 680 Target2 : 750 NSE:ICICIPRULI