Don't be aggressive . if there is possibility for bullish-- entry: 44170 target-44360--44500--44750 . If down trend starts entry:43980 t1-43750--t2-43550 . possibility for stoploss hunting will be there. Don't trade in "no trade zone" Trade carefully. . after breaking green box mentioned, trend will be confirmed. . . refer old ideas.
Howdy Traders, I feel that the market may give a little negative I because the doji candlestick pattern is seen at the higher highs followed immediately by a black candlestick, indicating that the market may provide a little negative move. Note = If the market stays below the level of 1249 then Target- 1231.90
there is a wedge break-down in ABSLAMC and going to make a H&S pattern, if H&S if complete then high probability of going to down, add this stock in your watch list for short sell. setup for intraday.
On 15 Min Time Frame , looks like a falling Wedge Breakout . Buy Price Around 509-511. Expected To Go Till 520 in few days. Rsi shows over sold so we might expect to go to 520. NOTE - Only For Educational Purpose
It is often said - "History does not repeat, it rhymes" Price is making a rising wedge pattern similar to the earlier one (on the left side). It has also reached the previous resistance. Q - > Will the next move be similar ? A - > Not sure right now, but indications of being extra cautious are popping up as the days go by Indications - 1. The steepness of the...
Larsen spot cmp 2355 Weekly time frame Elliot wave study Motive phase on verge to mature. Ascending wedge pattern formation Counter is trading in overbought zone as per swing indicator and structure formation. Bearish divergence on RSI with respect to price. Time for bulls to sit on cash.
Bajaj finance spot cmp 6186. 240 mins time frame. Price action study Descending wedge pattern formation. Counter is trading around supply zone as per descending trend line. RSI is at historical levels, where counter makes peak and reverse. Bearish reversal confirmation by candle. Counter might take pause in this bullish trend or can also retrace deeper if the...
Starcom falling Wedge breakout and retest done can look for tp of 370-400 for long term Disclaimer : only for educational purpose
Vakrangee falling Wedge breakout done big breakout done with solid volume can look for tp of 70-75 with good risk to reward ratio Disclaimer : only for educational and learning purpose
USDJPY struggles to defend the first positive week in five, grinding lower inside a falling wedge bullish chart formation. It should be noted that the bullish MACD signals and upward-sloping RSI (14) line, not overbought, keep buyers hopeful despite the latest weakness of the Yen pair. However, a sustained break of the 50-SMA hurdle surrounding 131.85 becomes...
Japanese Yen to Indian Rupee pair (JPYINR) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI. The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 0.6140 on the JPYINR spot pair. SL may be kept above Friday high, around 0.64.
Nifty Facing Strong Resistance Near ~ 18090, Spot Level. Weak RSI And Closes Below 50 ~ Day Exponential Moving Average ( EMA ). Short Near ~ 17920, 17940, With Stop ~ 18080, For Target ~ 17382, Expected Target Jan Expiry.
TECHM Weekly chart - The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas...
Nifty Falling Wedge formation on 30 min TF. Go long on breakout by keeping 17760 as your stop loss. There is also Triple bottom marked on the chart, which gives us double confirmation of reversal of trend.
NSE:NIFTY Market is consolidating in a range since last 4-5 days. And range is contracting/narrowing. Market will give strong move after breaking range. Awaiting Breakout. Mostly on higher side.
Hello, It looks like Broadening triangle pattern is forming inside the Descending Broadening Wedge. Today candle is very close to support level. Stop loss and Targets are given in the chart. Thank you, Purus.
Be it a one-month-old rising wedge or the overbought RSI conditions, GBPUSD shows it all to suggest that the bull’s reign is near to end. However, a sustained trading below the 1.2330 support, comprising the lower line of the aforementioned rising wedge bearish chart pattern, becomes necessary for the seller’s entry. Even so, the 200-DMA level surrounding 1.2100...
Auropharma Falling wedge breakout Formation can look for tp of 696-699 for short term with sl of 483 on dc basis