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Wedge

INDIAN HOTELS - Swing Trade Analysis - 8th June #stocksINDIAN HOTELS (1D TF) - Swing Trade Analysis given on 8th June, 2024 Pattern: FALLING WEDGE BREAKOUT - Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress Please Note: - Because of Fridays crazy move in the Nifty, there might be a pull back till the Trendline so ensure correct position sizing - If not, then it automatically gives us a small SL and you can pyramid into as it rises * Disclaimer
NSE:INDHOTELLong
by TradeRyteStockz
FinNifty weekly expiry analysis for 18/06/2024.FinNifty has been trading in a rising wedge pattern in the last week and has closed around the resistance levels. Tomorrow is the weekly expiry of the index and chances of a trending move is there as the market has consolidated in a narrow range. In the last trading session, finnifty has consolidated in a 40 points range after the hour of trading. Markets were close for 3 days and probability of a gap up/down are high. If there is a flat opening in the range, break out or break down can be traded as there the market scenario. If there is a gap up opening, let the market retest the resistance levels (now acting as a support zone) and entry once the the market cross the day high can be made. Support levels :- 22280, 22190 Resistance :- 22500, 22656 The VIX has cooled down and the option premiums are cheap. Watch for a trending market and adhere to the trailing stop loss strategy to capture the trend. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
TITAN [falling wedge pattern]Pattern : The chart seems to show a falling wedge pattern , indicated by the converging downward-sloping red dashed lines. This pattern typically suggests a potential bullish reversal . Support Zone: The chart highlights a support zone in red at the bottom, where the price has bounced back. This indicates that buyers are stepping in at this level, providing strong support. Volume Analysis : The chart also shows volume bars. There is a noticeable increase in volume when the price hits the support zone and starts to move up. This increase in volume often validates the strength of the support and the potential for a bullish move. Price Projection: The blue dashed line projecting upwards suggests an expected bullish breakout from the falling wedge pattern. Based on these observations, the future movement predicted by the pattern indicates a potential upward trend. If the price successfully breaks above the upper boundary of the wedge with significant volume, it could signal a strong bullish trend continuation. The chart suggests a bullish outlook if the price breaks above the falling wedge's resistance line with strong volume. for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:TITANLong
by asAMOLSUTAR
Is NOTUSDT About to Breakout? Get Ready for a Potential Move!Yello, Paradisers! Have you seen the recent pattern form in #NOTUSDT? 🚀 Could this be the opportunity we've been waiting for? 💎#NOT has formed a falling wedge, typically a bullish pattern. This setup suggests that we might be on the brink of an upward movement. Here's what to look out for: 💎If we see a sharp fall and then a bounce from the bullish Order Block (OB), followed by an Internal Change of Character (I-CHOCH), it will significantly increase the probability of a bullish move. 💎A direct breakout of the falling wedge can be tricky. It's crucial to watch for a candle close above the resistance level to avoid potential traps. This will ensure a safer, higher probability setup for entry. 💎If the bullish OB breaks down, it's better to stay cautious and wait for a more favorable price action to develop. Patience is key here. 🎖 With the potential for a major move, it's essential to stay disciplined and wait for the best, high-probability trading opportunities. Remember, the market will reward those who are patient and strategic. Trade smart, Paradisers, and keep mastering your willpower. This approach will put you ahead of the majority in the crypto trading game. Be a PRO and stay focused on your trading strategy. 💪 MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
CHOLAMANDALM INVESTMENT READY FOR BREAKOUTThe stock has been forming a range and series of higher highs , the green diagonal trendline acts as a major resistance and has been tested multiple time gradually making it weak and fragile The stock has seen a significant increase in the FII shareholding past 4 quarters which in itself is a great sign Also the profit and sales seen to be on rise like never before making the prospects of the stock stronger and firm The stock upon breaching the trendline can rally till 1663 levels and provide decent returns
NSE:CHOLAFINLong
by keshavmaharaj958