Get started

Wedge

Bitcoin - Classic Flat-Screaming for 72000 Target Upside Elliott Wave Flat Sequence with Wave C Ending Diagonal In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures. Wave A: A corrective three-wave move. Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more. Wave C: A five-wave move, which can unfold as an ending diagonal. An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market. Buying Trigger Above 66457 Target 71993 From WaveTalks Abhishek
CRYPTO:BTCUSDLong
by WaveTalks
2
Bandhan Bank -Potential Breakout in Progress (Upside Target-430) I suggested somewhere that market participants should start looking at this stock and hold it in their portfolio with an upside trigger of 265 and a final target of 430, to be reviewed later. No surprise – the stock has started moving from our desired zone of 155-175. What a low 169 . Will it cross 265 and later 430? Only time will tell. Pattern: Falling Wedge (Similar to Adani Wilmar as discussed earlier) Such patterns swiftly move towards its starting point. In this case it is 430 From WaveTalks Abhishek
NSE:BANDHANBNKLong
by WaveTalks
4
VINATI - LARGER WAVE - BREAKOUT - BULLISH - LONG TERMHi Folks, Vinati organics has been in price as well as time correction since September 2022. Almost, corrected for 2 years and maintained a falling wedge, cooling off RSI on weekly and Monthly timeframes while correcting for almost 700 points. Fundamentals Stocks in chemical/speciality chemicals sector are mostly sitting on operational capex with stable Margins, good order book and good PAT figures YOY. PE de rated and cooled down to their MEdian PE as compared to 2021 levels where it zoomed off. Operational leverage is yet to be played and PE expansion might kick in. Technicals 1. Clear breakout on Weekly timeframe from falling wedge. 2. RSI made higher highs eventually breaking from falling trendline. 3. Overall Structure of larger trend is bullish wherein we are completing wave 4 and ready fro larger wave 5. 4. Price might retest 30 WEMA or consolidate around it but shall continue its upmove. Not a trade recommendation, please do your own due diligence.
NSE:VINATIORGALong
by KunalSaxena10
Great Shorting opportunity in ABBABB is around the Long Term Resistance ABB is up almost 1200% in last 4 years ! Which is very extraordinary. If we analyse Monthly timeframe analysis then we can clearly see Stock is around the long term channel Resistance. Resistance is coming around 9200-9300 Also to confirm the same resistance, on a Daily timeframe we can see Rising channel which is seems working and stock is around the resistance. Right now stock is around 9200-9100 and if stock falls from the highs then we can expect stock to come around 7200-7300 Thank you !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:ABBShort
by FiveCircles
INDIAN HOTELS - Swing Trade Analysis - 8th June #stocksINDIAN HOTELS (1D TF) - Swing Trade Analysis given on 8th June, 2024 Pattern: FALLING WEDGE BREAKOUT - Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress Please Note: - Because of Fridays crazy move in the Nifty, there might be a pull back till the Trendline so ensure correct position sizing - If not, then it automatically gives us a small SL and you can pyramid into as it rises * Disclaimer
NSE:INDHOTELLong
by TradeRyteStockz
FinNifty weekly expiry analysis for 18/06/2024.FinNifty has been trading in a rising wedge pattern in the last week and has closed around the resistance levels. Tomorrow is the weekly expiry of the index and chances of a trending move is there as the market has consolidated in a narrow range. In the last trading session, finnifty has consolidated in a 40 points range after the hour of trading. Markets were close for 3 days and probability of a gap up/down are high. If there is a flat opening in the range, break out or break down can be traded as there the market scenario. If there is a gap up opening, let the market retest the resistance levels (now acting as a support zone) and entry once the the market cross the day high can be made. Support levels :- 22280, 22190 Resistance :- 22500, 22656 The VIX has cooled down and the option premiums are cheap. Watch for a trending market and adhere to the trailing stop loss strategy to capture the trend. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum