two channel pattern with same momentum. can expect target of 175 (25% from CMP) #the_pravin #simplepriceaction #chartreading
Paushak Ltd. is one of the India's largest phosgene based products manufacturer. Currently it is forming a falling wedge. A break above the wedge can be traded for a target of range 7330 to 7550. Equitybulls.com states, "Paushak Limited has received approval to its application for amendment in Industrial License from the Department for Promotion of Industrial &...
1. Price action 2. multiple time frame analysis ( 30 min ) 3. Falling wedge pattern show ( 2 days for break out )
1. Price action 2. Now Nifty is near to all time high , nifty moves in uptrend wedge ( mark in chart Supply and Demand zone ) 3. Possibility are : - now become new high / sideways move / to test resistance zone and fall down .
Nifty 15337 - As suggested in yesterday post Nifty find resistance exactly at 15385 and support at 15286. Intraday trade help us to gain 150 points. Last hour trade we find as short recovery. We will be bearish as long as the resistance zone is not being broken out.
Wedge forming on Hourly Chart of NIFTY50. SELL at CMP=15315/ below 15250-15270(safe side). Target(s) - 15170-75, 15075, 15045, 14985-15000, 14900. Invalid above today's Open=High i.e. 15336-340. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Short IRCTC Stoploss 1935 target 1875 Study: Bearish Wedge Pattern in Formation
year Symmetrical Triangle BREAKOUT. Keep eyes on it. Only for educational purposes.
1. Price action 2. Rising wedge pattern show 3. Support and Resistance imp levels
Bank Nifty Range is consolidating in an upward wedge pattern. Breakout either side will move the targets mentioned on chart
IOC has given a breakout on Daily Chart with a Daily Candle close above the rising channel. Volume is high & RSI is 73. TGT1 = 116 & TGT2 = 149, SL = 100 Note: Only for Educational Purpose
1. Price action 2. Wedge pattern 3. Trend analysis
1. Price action 2. Wedge pattern 3. Support and Resistance imp levels
1. Price action 2. Wedge pattern 3. Support and Resistance