The falling wedge pattern is bullish in nature and appears after a bearish trend. The pattern indicates that the bulls have lost their momentum, and bears have taken over the price temporarily. As such, the price hits lower lows but at a corrective speed.
The advantages of the falling wedge pattern are:
It is a frequent occurrence in financial markets.
Four point analysis in vedanta
1.vedanta has given a break out after multiple resistance.
2.still stock need to re-rest the level and give a nice candle .
3.there is gap to be filled in this stock.
4.stock is also expected to give good quarter
* *For Study Purpose Only, Not a treading Idea * *
Hindustan Uniliver is forming Inverted Head & Shoulder Pattern (Bullish Pattern)
Ideal Entry will be 2720 and Target will be somewhere around 3000
*Save in your Watchlist*
COLPAL is forming a bearing wedge pattern which is RISING WEDGE PATTERN
RISING WEDGE PATTERN is pattern where Seller wins the race in the end.
*Only for Education Purpose and not a trading IDEA*
** Open for Suggestion Please**