Despite bouncing off 100-SMA, gold prices fail to reject the rising wedge bearish chart pattern confirmation portrayed on Tuesday. The downbeat RSI and MACD conditions also support the recent pullback targeting the 100-SMA level of $1,945. Following that, the monthly low surrounding $1,890 will gain the market’s attention ahead of the theoretical target of the...
titan at lower support of wedge pattern it may be a good entry for a good RR ratio a stop-loss will be just below the today's candle. target will be upper resistance of wedge
If we go by the textbook definition of a falling wedge pattern, the price consolidates between two downward sloping & converging lines forming a wedge shape. (Not as difficult as it sounds, just looks at the chart). As per a common understanding of this pattern, the price continues higher after a breakout to the upside. Price action in LIC Housing finance shows a...
Good falling wedge pattern. Bullish breakout possible soon
Sail work in parallel channel, it may test 122 soon. if sustain above 122 it would be break out of falling wedge pattern next target would be 140 and 175 in upcoming month.
Hello Traders, BankNifty making a rising wedge pattern from 9th-March. whenever Breakout happens we can expect a good move. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do SHARE with your trading friends.
Hello All, Index is doing all choppy moves between 18065 & 17800 zone ( which is ongoing or running). A possible assumption can be a falling wedge or ending diagonal. ---------------------------------------------------------- Markets don't work on assumptions ---------------------------------------------------------- As a trader, never assume any...
Good time to BINANCE:CELRUSDT buy in spot or long for a few days NFA
Nifty has made a Wedge and holding it as of now. If it hold we can see higher levels and if it breaks it can fall upto 17500. I feel Nifty is in great shape for moving up or perfectly settled for a pull back. One can take a chance and long Nifty with a tight SL of below Wedge line on daily time frame.
Wedge Pattern Always be extra cautious with breakout trade with confirmation .
HAVELLS Descending Triangle With Morning Star . it taken a support now to move uptrend target:1040 for swing trade 1045 above breakout
LICHSGFIN | Wedge breakout looks good for 12% (Smaller TF) CMP : 415 (Dip : 405) SL : 395 Target : 465,480 1:3 risk reward setup for first target from dip The stock looks very good in weekly time frame, this is a small opportunity for short term (can see result within 2-3 working days)
Sell only below 15700 & 15680 which is required as confirmation levels for the trade to be active & downside we expect 15460 as target. Thanks
Trying to re-cross the 60000 "Psychological Mark", BTC bulls tried long at upper resistance line of the rising wedge. WIth strong resistance and exhaustive moves, it seems the bears might move in to play their part, soon. If there is a move below 56000, than we might see a some more downward motion towards 52400 or so. Saying this, until we see a breakdown, the...
Hi there, investor cum trader. This opp is made on the buy side only when it comes to retesting the previous support zone for a safe trader else an aggressive trader can take an entry now with an RR of 2.8. Safe Investor: Buy @ 385 Sell @ 466 SL @ 367 Aggressive Investor: Buy @ 401 Sell @ 466 SL @ 367 Make a wise decision and get going. Will be back tomorrow...
Analysed levels mentioned on chart!!! Regards MrAkshatP
Bpcl has rising wedge on daily timeframe... but currently trying to break supply zone, let see how it react. Target on chart...