Nifty Broadening Wedge: Reversal Opportunity or Breakdown Risk?Nifty is currently trading inside a Broadening Wedge pattern on the 1-hour timeframe, a structure that often signals increasing volatility before a decisive move. Price has repeatedly respected both the rising resistance trendline and the declining support zone, making the current support area one of the most important levels for the coming sessions.
The chart shows multiple rejections from the upper resistance trendline around 24,200โ24,300, indicating that sellers are still defending higher l
Broadening Wedge
Motherson forming Broadening Wedge, Trendline support since 2020Hello Traders! Samvardhana Motherson โ Broadening Wedge Breakout with Ascending Trendline Support
I hope you all are doing good in life and in your trading journey as well. Today I have brought a stock which is showing a dhamaka setup on the monthly chart โ Samvardhana Motherson International . The stock is trading inside a Broadening Wedge Formation and respecting a strong ascending trendline since 2020 . Recently, it again bounced from the support zone near โน91, which clearly shows d
MBAPL - BullishMadhya Bharat Agro Products Ltd, part of Ostwal Group, is engaged in the business of manufacturing fertiliser and chemical products.
Looks to good to buy on this level and on the evert dip.
MLong
BAJAJHCARE - Breakout Wedge PatternView : Bullish
Entry Zone- 435- 420 (Trend line break inside Broadening wedge)
Exit Zone - 500 - 510 Range or while price touch upper resistance line (marked in red)
Stoploss : Close below 380
Risk/Reward Ratio: 1:1.50
Timeframe: Daily and Weekly
Notes: Trendline break inside the broadening wedge pattern. Price consolidates since Nov 2021.
* This is not a trading recommendation, for educational purposes only
ELETCAST - Broadening Wedge PatternPrice consolidate since Janaury 2024 and it form broadening wedge pattern. Price currently in support line but it is looking in only Day Timeframe. Please do not consider or enter without good candle formation in Day time frame and it should have tight stoploss below the support line.
$BTC Broadening Wedge Preparing for the Last Leg of the Breakout$Bitcoin is consolidating with a small retracement, creating the potential for a bounce that could lead to the final leg of the broadening wedge pattern. If #BTC successfully breaks out, the target is $85k. However, if CRYPTOCAP:BTC gets rejected at the trendline zone, the downside target will be $70.5k later fall target will be 49k level.
Crompton is going with momentum for More upsideCrompton has reversed from Long term Support !!
Stock always corretcs between 35-50% from highs
And give upside of 130-180%
So this time also from the lows that is from 270 levels we can expects stock to perform atleast 130-150%
Right now stock is in momentum and one can wait for correction and accumulate from lows.
BHEL - Elliott Wave Analysis Application : Expanding Wedge Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Elliott Wave Analysis Insight
BHEL's stock movement is currently showcasing an expanding wedge or ending diagonal pattern, often seen in the final phases of a trend, such as the fifth wave or wave -C in Elliott Wave Analysis. This pattern indicates we're possibl
TITAN : Time to short after huge rally Alert! Bearish Pattern Spotted! ๐ป
๐ Pattern: Broadening Triangle
๐ Symbol/Asset: TITAN
๐ Description: Stock has formed Broadening triangle pattern after huge rally.
We might see downside from 3800 levels and one can think of short it.
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Vodafone Idea : View on penny stock Alert! Bearish Pattern Spotted! ๐ป
๐ Pattern: Broadening Pattern
๐ Symbol/Asset: IDEA
๐ Description: Stock is making Broadening pattern and we can see resistance around 20-22 levels.
In history stock has corrected 50% from the rise so will this time we will see correction of 50% or more ??
23 is crucial resistance level and if stock not able to breakout then we might see good fall.
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
APLAPOLLO : Long setup with huge upside Exciting Bullish Pattern Alert! ๐
๐ Pattern: Broadening Pattern
๐ Symbol/Asset: APLAPOLLO
๐ Description: Stock is in a pattern and now near to the support level.
View is bullish if support is intact.
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
BITCOIN Projection for 2024 BullRun#BITCOIN Weekly Chart Analysis
As per weekly movement in CRYPTOCAP:BTC , its #Bullish Trend #BroadeningWedge starts from 21st November 2021 and it will be properly continue onwards towards uptrend cycle. As per #FIBretracement this cycle final upar cut-off point will be at $48.2k to $51.5k approx. upto January last, after that may be it will take a slightly decline and goes towards $40k-$38k approx to completing its final downtrend cycle as per broadening wedge and as well as Bullish Curve pa
GIFT NIFTY : A Big Fall is on the way ??Alert! Bearish Pattern Spotted! ๐ป
๐ Pattern: Possible Broadening Pattern
๐ Symbol/Asset: GIFT NIFTY
๐ Description: Gift Nifty is might be making Broadening Pattern and we can see support around 21100-21200 range
Then Index can bounce upto 22300-22500 levels.
And Finally if Resistance is not broken then we can see huge fall of 2000-2500 points !!
Keep Tracking so we can see other possibilities and patterns which are in making
๐ Disclosure: We are not SEBI registered analysts, this is n
MGL : Best Bearish setup : Long term Resistance zone Alert! Bearish Pattern Spotted! ๐ป
๐ Pattern: Broadening Triangle Pattern
๐ Symbol/Asset: MGL
๐ Description: Stock is around long term resistance zone.
and on a smaller timeframe stock is on the resistance of broadening triangle pattern.
One can take short position from here.
This is the best short trade setup for now !!
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Ambuja Cement : About to give huge breakout ๐ Exciting Bullish Pattern Alert! ๐
๐ Pattern: Broadening Pattern
๐ Symbol/Asset: AMBUJACEM
๐ Description: Stock has formed Broadening Pattern and its around the resistance of the pattern.
We can see huge momentum if stock is able to cross 530-540 levels on the upside.
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
SAIL Multiyear breakout with retest : A possible multibagger Exciting Bullish Pattern Alert! ๐
๐ Pattern: Broadening Pattern Breakout
๐ Symbol/Asset: SAIL
๐ Description: SAIL has made Broadening pattern from 2011 to 2020 and given breakout of the pattern.
Its a multiyear breakout and retest is also done.
We can see huge upside and might see returns in 3 digit percentage numbers !!
One need to just hold it for few weeks or months to come.
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
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 t
BLong
๐ Exciting Bullish Pattern Alert! ๐๐ Exciting Bullish Pattern Alert! ๐
๐ Pattern: Brodening Pattern
๐ Symbol/Asset: OBEROIRLTY
๐ Description: Stock has given the breakout of pattern. We can see huge upside from here on
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Bitcoin under Mini #BullTrap#Bitcoin 4hr. Chart Analysis
After CRYPTOCAP:BTC #DeathCross completed in today morning, Whaler's will trying to manipulate the market, and they were successful after today's #BullTrap. But as per 4 hr. chart pattern of Bitcoin's, it properly moving into Ascending Broadening Wedge Pattern with perfect Symmetry again.
Next downtrend cycle starts from 15-17 Sept. towards $22k to break out its strong support of $23.8k soon.
Always #DYOR and Trade with #StopLoss, it's #NFA
and,
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BITCOIN soon moves under Bearish Zone#Bitcoin 4-hr.Chart Analysis
CRYPTOCAP:BTC moving under Ascending Broadening Wedge Pattern, As per 4-hour chart, its cycle started from 18 August, as well same wedge pattern moving under hourly cycles too..
The last cycle of this Bearish Pattern will be finish around 12-15 September, after #DeathCross, and the CRYPTOCAP:BTC market moves into much more deeper in #BearishZone towards $22k and major chances it also break-out towards FWB:21K -$19k too...
Although. Last Lower-Low Cut-off poin
BShort
BITCOIN - Ready to move in Bearish Zone#BITCOIN 4hr. Chart Analysis
At Present from last 20 days, CRYPTOCAP:BTC moving into Ascending Broadening Wedge Pattern.
Ascending broadening wedge is one such formation, where its signal manifestation of the ascending wedge pattern in an uptrend, the asset price trend reverses downtrend. Hence, it is a bearish reversal pattern. An ascending broadening formation forms an inverted triangle shape in the price chart.
So that, remember the CRYPTOCAP:BTC historical chart pattern of September al























