Wedgepatterns

RELIANCE — 5-Year Trendline Meets Falling Wedge Overview Reliance Industries is trading at 1,322.0, up 1.50%, testing a major confluence zone where a 5-year rising trendline support meets the lower boundary of a shorter-term falling wedge. This dual support test makes the current zone an important one to watch for a potential reversal. Long-Term Chart Pattern Explanation On the long-term view, Reliance has respected a rising trendline support stretching back 5 years, currently near 1,257. Zooming into the daily chart, price has been dec

Bank Nifty Daily Chart Analysis: Ascending Triangle Formation Pattern Overview On the daily (1D) timeframe, the Bank Nifty index is currently consolidating within a classic Ascending Triangle pattern. This is generally considered a bullish continuation pattern, indicating a potential upward breakout after a period of consolidation. Key Technical Observations: Horizontal Resistance (Top Line): The upper trendline highlights a clear and stubborn resistance zone. The price has tested this ceiling multiple times but has faced consistent selling pressure, c

Exicom: Falling Wedge BO with Stong Vol. Chart of the Month. Exicom Just Broke Out of a Year-Long Falling Wedge on 5x Average Volume and India's EV Infrastructure Supercycle May Have Just Found Its Most Explosive Catalyst. Let's understand it in detail in the "Chart of the Month" As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclai

by Karanshah137

Biocon: Range to Trend Expansion in Progress Biocon’s weekly chart highlights a well-structured range-bound consolidation transitioning into a rising trend. Over the past several quarters, the stock has repeatedly faced supply near the upper resistance zone around 400–420, as marked by multiple rejections. This clearly establishes a strong overhead resistance where sellers have historically dominated. On the downside, price action has respected a rising support trendline, forming higher lows over time. Each dip toward this support zone ha

Jio Financial Breakout Watch –Wedge Setup Points to ₹356+ Target Jio Financial Services is currently presenting an exciting opportunity on the charts, with a wedge breakout setup forming after months of consolidation. A wedge is a bullish pattern that typically signals a reversal or continuation of an uptrend, especially when supported by rising volumes and strong market sentiment. The price has been compressed within a narrowing wedge since August, bouncing between a down-sloping resistance zone and a strong ascending support zone. Each dip has been met wit

Simplex Infrastructures Ltd – Ascending Triangle Formation with Simplex Infrastructures is showing signs of accumulation and trend continuation within an ascending triangle pattern on the daily chart. The stock has been consistently forming higher lows while facing resistance around the ₹330–₹340 zone. A recent volume burst near the support trendline indicates strong buying interest from lower levels — hinting at a potential breakout attempt in the coming sessions. 🎯 Key Levels: CMP: ₹296.65 (+3.20%) Support Trendline: ₹270 – ₹280 Resistance Zone: ₹330 – ₹

by yatharthshah23

Silver (XAGUSD) Trading in a rising wedge Pattern 📌 Silver (XAGUSD) Trading in a rising wedge, pressing resistance near $39. RSI divergence → price making higher highs, momentum not following. MACD rolling over while price climbs = possible bearish divergence. Support to watch: $37.3 → wedge breakdown if breached. 👉 Bullish only if $39.5 breaks with strong volume; otherwise, risk of pullback. --- 🎯 Takeaway Silver = extended wedge → caution, momentum weak.

ECLERX SKYROCKETS 35%! This Pattern Signals ₹4,200 Target NSE:ECLERX SKYROCKETS 35%, Made a Beautiful Chart Structure to Qualify for the Chart of the Week Price Action: - It experienced a powerful rally from ₹2,200 to ₹3,877 (all-time high) between July and October 2024 - Recent correction formed a descending wedge pattern from October 2024 to early May 2025 - Currently showing an explosive breakout at ₹3,301.80, up ₹852.40 (+34.80%) in this Week. - Massive single-week gain with a long bullish candle breaking above both resistance levels and the d

by Karanshah137

BNF a new high projection.Another wedge pattern in the BNF for a breakout. If price breaks the upper channel of the wedge, we will see 57773 as a new high, extending till 58200 as the next target. RSI falling below 50 will invalidate the bearish move and will fall till the lower channel of the wedge.

by AbsoluteAnalytics

CAMS – Rising Wedge in Focus ________________________________________________________________________________ 📈 CAMS – Rising Wedge in Focus 🕒 Chart Type: Daily ________________________________________________________________________________ What’s Catching Our Eye: CAMS is forming a Rising Wedge, a technical structure that often leads to strong directional moves. The price is nearing the upper boundary of the wedge, indicating possible breakout or reversal. This contraction in range is typically followed by expansion — an

by simpletradewithpatience

Banknifty combining Elliott and wedge theory Banknifty is repeating the wedge pattern, in confluence with Elliott waves falling exactly at the prices of support and resistance of the wedges. The Elliott wave used here is the in-built indicator of Tradingview. According to this, the 4th wave is finished and the price is projected to break out of the upper line of the wedge for a new high at 56864 as 61.8% As per the current price action, the price is at the support of the 2024 high, 54467.35. If it is breached, it will test the lower lin

by AbsoluteAnalytics

Shriram Pistons - Wedge BO NSE:SHRIPISTON Made Beautiful Chart Structure today after Q4 Results with Good Price and Volume action. Wedge Breakout Pattern History: The chart displays a remarkable track record of successful wedge breakout patterns, which has become a defining characteristic of this stock's technical behaviour: Past Wedge Breakout Sequence: First Wedge (2022-2023): Initial falling wedge formation around the ₹550-700 range, which broke out to the upside and catalysed a strong rally. Second Wedge (Mid

by Karanshah137

Prestige Estate – Bullish Structure Developing Prestige Estate – Bullish Structure Developing After Prolonged Correction 📅 Date: April 16, 2025 📈 Chart Type: Daily | Exchange: NSE 💡 Purpose: Educational Analysis 🔍 Price Action Overview After an extended downtrend, Prestige Estate appears to be forming a potential trend reversal structure. A strong bullish candle has emerged from a key support zone, accompanied by multiple technical confirmations that indicate renewed buying interest. 📌 Key Technical Highlights 📉 Downtrend

by simpletradewithpatience

Wedge Pattern Near Resistance | 15-Min Chart 🏦 BANK NIFTY INDEX – Wedge Pattern Near Resistance | 15-Min Chart 📅 Date: April 28, 2025 📈 Timeframe: 15-Minute 🔍 Index: Bank Nifty (NSE) 📌 Technical Overview: Bank Nifty is moving inside a Wedge Pattern on the 15-minute chart and is facing resistance near 55,577. The price is struggling to move higher and may face selling pressure if it fails to break this resistance. Immediate support is placed at 55,121, and if it breaks down, the index could slip further toward 54,176. 🧩 Chart Pattern Deta

by simpletradewithpatience

Falling Wedge Breakout with Bullish Structure | 15-Min Chart 🏦 HDFC BANK LTD – Falling Wedge Breakout with Bullish Structure | 15-Min Chart 📅 Date: April 25, 2025 📈 Timeframe: 15-Minute 🔍 Stock: HDFC Bank Ltd (NSE) 📌 Technical Overview: HDFC Bank is showing signs of a potential bullish reversal on the 15-minute chart, forming a falling wedge pattern, which is typically known for reversal setups. Price action suggests a breakout from the wedge structure, with strong volume support. 🧩 Chart Pattern: A clear Falling Wedge is identified using two converging

by simpletradewithpatience

CNX 500 Hello & welcome to this analysis The index in daily time frame is retesting a Bullish Harmonic Gartley pattern made in end January which coincides with the formation of a wedge pattern and a double bullish divergence. A bounce back could be possible if it manages to start sustaining above 20850 for 21500-22500 however, if it breaches the lower trendline of the wedge then a lot more downside would become inevitable. Harmonic Trading Patterns are formed in a combination of structures and Fibona

by Dinesh_C_Nagpal

Finolex Pipes - Falling Wedge Finolex Pipe has created Falling Wedge pattern, it has minimal volumes in this fall from 340 level. Breakout zone is above 250 level. Buy @ 240 level SL 225 Target of the pattern is 340-350 level. Time Frame : Short Term.

Hardwyn India - Possible Path Stock at a very crucial area Trend line support at 28.5 - 29 Also forming a wedge pattern Breakout / Breakdown Possible Upside stops 32 / 42.5 / 47 Downside 26 and more

ANANTRAJ - Breakout Trade View : Bullish Entry Zone- 750-725 Exit Zone - Based on Trader mindset. Exit 1 - 770 Exit 2- 785 Stoploss : Close below 720 Timeframe: Daily Notes: Breakout of Wedge pattern which is consolidate since September 2024. * This is not a trading recommendation, for educational purposes only

by Breakout_Spotter

Uniswap : Falling Wedge Pattern formed, Achieving +126% ROI The Uniswap falling Wedge Pattern has formed, and a Breakout is Expected. If the Breakout occurs above the pattern, the market could approach Target 1 and Target 2, offering a chance to achieve a +126% ROI.

by TradingTrillionairesOfficial

EIHOTEL - Stock to be in RADAR and Hidden Trendlines Marked View : To be determined Entry Zone- Once the price breaks out of the Black color trendline with a strong green candle. Timeframe: Daily Notes: The price has been consolidating since Feb 2024, forming a Wedge pattern. Also, Hidden line marked in black color. Resistance and support levels are marked on the chart, showing how the price has consistently respected these levels. * This is not a trading recommendation; for educational purposes only

by Breakout_Spotter

MOREPENLAB - Breakout in Daytimeframe Stock price consolidate since September 2024 and it breakout the wedge pattern today.

by Breakout_Spotter

GSFC - Trendline breakout and Good Morning star candle formation The price has been consolidating since March 2024, respecting the 188 range on the daily timeframe. Last week, it broke out of the trendline within the wedge. On the weekly timeframe, the candlestick formation resembles a morning star, which is a positive signal. We can expect the price to reach the resistance line of the wedge, around 288 INR. This setup is suitable for swing trading.

by Breakout_Spotter

EMMBI EMMBI :- 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.

by AjayDhakad_Keep_it_simple