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Wedgepatterns

EMMBIEMMBI :- Falling wedge type structure has formed and is consolidating by giving breakout, chances of upside movement are high Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:EMMBILong
by AjayDhakad_Keep_it_simple
ETH/BTC Macro AnalysisSince May 2021, ETH/BTC has been forming a falling wedge pattern, which mirrors the setup seen during the previous bull cycle. Based on the current technical structure, the 0.040 to 0.036 range appears to offer a favorable entry point for converting Bitcoin into Ethereum, providing an opportunity to increase Satoshi holdings. While a worst-case scenario could push the pair to the 0.031 region, the probability of this outcome remains low. Should we witness a breakout from the wedge, there is potential for a significant move, with targets around the 0.075 level, representing a potential 100% increase. Additionally, the Money Flow Index (MFI) is showing a positive upward curve, indicating increasing buying pressure. Please note: This is not financial advice. Conduct your own research and trade responsibly
by utkarshx27
ANTONY WASTE - RISING WEDGE FOLLOWED BY FALLING WEDGE (BO)Hi All, This idea is about Antony Waste Handling Cell Ltd Fundamentals Market Cap - 1419 Cr Stock PE - 16.5 ROE - 16.3 ROCE - 13.9 Promoter Stake - 46.1 Quick Ratio - 1.3 D/E - 0.78 Antony Waste Handling Cell Ltd is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project and undertake the designing, construction, operation and maintenance of the integrated waste management facility in Kanjurmarg, Mumbai. Technicals Since June 23, the price action followed a rising wedge & then the pattern changed to falling wedge since Feb 24. With the Daily price action it seems to be coming out of falling wedge formation & developing a new pattern Immediate targets are marked as T1 and T2. Would suggest the price to rise atleast 3% post closing to confirm the continuation. Happy Trading, Thanks, Stock-n-Shine
NSE:AWHCLLong
by Stock-n-Shine
GM infra; Take a look; min 40% Roi; shortterm investment;Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for Breakout & small retracement & then daily candle to close above - "105" . . Enter only if market Breaks "Yellow box" mentioned. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Follow for regular updates.👍
NSE:GMRINFRA1!Long
by TheNuraTrading
Nifty: Bull market aeging, could lose steam from here !!The only train you should jump off when it's going at full speed, and not when it's slowing down, is a raging bull market Train. lndian equity markets have had a good run in 2023 and 2024 but now could lose stream for a temporary period. In a Bull market, Ideally a "Horse" should be used as an indicator of the rally seen in the markets as it can run long distances at a fast pace. A "Bull", he can at best do a short sprint and needs occasional breaks/pauses to catch is breath before charging again. Now a consensus opinion is that market will give breakout on upside but as per my limited study, now its time to book profits on portfolio, create liquidity as it can give breakout on downside as per advanced patterns, market will again give opportunity at lower levels. A 8-10% correction will be healthy for the upcoming bull run and the Market Breadth, correction can either start from may or after election outcome but its imminent.
NSE:NIFTYShort
by Chinmayonniftyy
1
USDCAD rises within rising wedge ahead of Canada inflationUSDCAD prints a three-day winning streak despite mildly bid Oil price, bracing for the monthly Canada inflation numbers within a seven-week-old rising wedge bearish chart formation. In doing so, the Loonie pair extends last week’s rebound from a 200-bar Exponential Moving Average (EMA) backed by the price-positive RSI conditions and a looming bull cross on the MACD. With this, the quote is likely to extend the latest run-up toward a month-long horizontal resistance surrounding 1.3535-40. Following that, the stated wedge’s top line, close to the 1.3600 threshold, will be in the spotlight. In a case where the pair price remains firmer past 1.3600, it defies the bearish chart pattern and enables the buyers to aim for the late 2023 highs. Meanwhile, a convergence of the 200-EMA and the aforementioned rising wedge’s lower line, near 1.3465 by the press time, puts a floor under the USDCAD price. Should the quote break the stated key support, it confirms the bearish chart formation and highlights a theoretical target of 1.3050. However, lows marked during late January and December, around 1.3360 and 1.3180 respectively, could test the Loonie pair bears during the fall past 1.3465. Additionally acting as a downside filter is the 1.3000 psychological magnet. Overall, the USDCAD is likely to extend its recent run-up within a bearish chart formation unless today’s Canada data and the latest increase in Oil price, Canada’s key export, propel the Canadian Dollar (CAD).
by MTradingGlobal
ZENTEC - Continuation Wedge (Bullish) Pattern A "Continuation Wedge (Bullish)" chart pattern formed on Zen Technologies Ltd ( NSE:ZENTEC ). This bullish signal indicates that the stock price may rise from the close of 742.15 to the range of 842.00 - 920.00. Supportive Points: -After a temporary interruption, the prior uptrend is set to continue. -Also there was a gap on 7th Aug 2023 which was filled on 26th October 2023. -Pattern formation took roughly 71 days, so target will be sooner or later than 71 days. -FII has Increased Qty - You can refer third party tool to verify the same. Quarterly Results : M.Cap ₹ 6,237 Cr PE 71.0 Item YOY Sep 2023 Jun 2023 Sep 2022 Sales ⇡ 203% 64.0 132 21.1 EBIDT ⇡ 304% 21.8 66.2 5.39 Net profit⇡ 279% 17.3 47.1 4.58 EPS ⇡ 255% ₹ 2.06 ₹ 5.61 ₹ 0.58 PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ZENTEC
by hardeepssethi
Jupiter Wagons Ltd forms bullish "Continuation Wedge" "Continuation Wedge (Bullish)" chart pattern formed on Jupiter Wagons Ltd ( NSE:JWL ). This bullish signal indicates that the stock price may rise from the close of 309.50 to the range of 348-380. The pattern formed over 37 days which is roughly the period of time in which the target price range may be achieved. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:JWL
by hardeepssethi
RAIN Industries - Bottom Forming pattern - Multibagger📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Falling Wedge 📌 Symbol/Asset: RAIN 🔍 Description: Stock is forming falling wedge pattern around the Long Term Support. We can clearly see bottom is in making. There is a strong support of around 130-135 and we can see huge bounce from hereon. Rain Industries is a Buy On Dips. Not to Miss this opportunity. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
NSE:RAINLong
by FiveCircles
2
BITCOIN Projection of $15k to $48k#BITCOIN Daily Chart Analysis As per 1-day chart Analysis of CRYPTOCAP:BTC , still it will be moving perfectly as per Broadening Wedge Pattern from last Lower-Low point of $15.5k on Nov. 2022 and before #Halving of Bitcoin its final downtrend cycle goes towards completion and it will be projecting towards BER:33K to $30k cut-off for its final Lower cut-off point around April-May 2024 on Having Time Zone. Lets see, Whats new and final #AllTimeHigh will mar-up in 2023, while at this time on today on 6 Dec. 2023 at writing time, #ATH of CRYPTOCAP:BTC is $44,575 approx. Whats the new All Time High of Bitcoin in 2023.. Is it will be FWB:48K or FWB:52K around, It means, BTC cross over $50k again 8th time in history and then it take Reversal mode towards BER:33K -35k at last time.. Lets see, whats the market mood and sentiments of Whalers with news impact of #ETFs. Always #DYOR and Trade wisely by using #StopLoss at this deadly Volatile situations of #Bull or #Bear Traps to avoid your funds from Liquidations. and, Follow me, Share it and Like it with Comments...
BLong
by AskToRahulSirohi
Federal-Mogul Goetze (India) Ltd - Looks Good!The chart for Federal-Mogul Goetze (India) Ltd ( NSE:FMGOETZE ) shows a bullish chart pattern known as a "Continuation Wedge (Bullish)." This pattern suggests that the stock price, currently at 350.45, is likely to increase in the near future, with a first potential target price of 377.70 In essence, the Continuation Wedge (Bullish) indicates a temporary pause in an ongoing uptrend. It is characterized by two converging trendlines, both sloping downward against the prevailing uptrend. During this phase, there is a battle between bears (sellers) and bulls (buyers). However, ultimately, the bulls gain the upper hand, as the stock's price breaks above the upper trendline. This breakout signals a continuation of the prior uptrend, suggesting that the stock is likely to resume its upward movement. In simpler terms, it's like a brief pause in an upward trend, but the bulls are expected to take control again and push the stock's price higher. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:FMGOETZE
by hardeepssethi