Nifty Weekly View- Three PatternsNifty Weekly View ๐
In this insightful analysis of the Nifty, we'll explore three crucial patterns that are currently dominating the charts. These patterns provide valuable insights into the future direction of this key market index. ๐๐ง
1. Ascending Triangle Pattern (Yellow Highlighted) ๐
Ascending triangles are bullish chart patterns characterized by higher lows and higher highs within a narrowing range. This pattern signifies increasing buying pressure, with buyers showing a willingness to e
Wedge
Mighty Nifty - Jan 4Price has formed a falling wedge pattern and right now it is at the strong support 21480 - 21520.
Pattern : Wedge.
Range : Medium.
Trend strength : Normal.
Buy Above : 21520.
Stop Loss : 21480.
Targets : 21560, 21590, 21620 and 21660.
These levels are derived based on the assumption that price will take support from 21500 zone.
Sell below : 21440.
Stop Loss : 21480.
Targets : 21400, 21360, 21320 and 21280.
Expected expiry day range is 21300 to 21650.
Check the live market updates.
Hit the lik
TCI Express looking good for solid upmoveTCI Express looking set for solid up move, one can wait for better confirmation once the stock moves above 1440/-
The falling wedge with multiple touches on both the sides of the trendline making it ready for a violent move and most probably on the upside.
Aggressive trader can add at current market price as well with 100 points of SL.
EMAMIREAL - Go LongFor Educational Purpose..
โ ๏ธ I'm not a SEBI REGISTERED analyst & my view can be biased
โ ๏ธ No Buy Sell recommendation, do your own Analysis.
#EMAMIREAL IS READY TO BUY LONG
- Near 52W High - 123
- After 5 Year Breakout
- Last Month Volume massive
Waiting Time 3-6 Months
Long Above - 125
SL - 105
Target - 150, 175 & More...
Thank you
INDOAMIN - Bottom Wedge PatternThe bottom Wedge pattern is a type of continuation pattern that typically occurs within a downtrend and indicates a potential reversal in market direction.he bottom triangle pattern is a type of continuation pattern that typically occurs within a downtrend and indicates a potential reversal in market direction.
It's important to note that while technical patterns like the bottom triangle can offer insights into potential market movements, they are not foolproof and should be used in conjunction
INDIGO : Best swing shorting OpportunityAlert! Bearish Pattern Spotted! ๐ป
๐ Pattern: Rising Channel
๐ Symbol/Asset: INDIGO
๐ Description: Stock is rising and now making rising channel.
Which is bearish pattern.
We can see downside from hereon.
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
SAIL is about to fly in coming days๐ Exciting times for SAIL!๐ Anticipating positive trends in the coming days. ๐ The steel industry is buzzing, and SAIL seems poised for growth. ๐๏ธ DYOR, and let's see where this journey takes us! #SAIL #StockMarket #Investing #BullishOutlook #SteelIndustry
LLong
BALAAMINES - SWING TRADE - 18th December #stocksBALAAMINES (1D TF)
Swing Trade Analysis given on 18th December, 2023 (Monday)
Pattern: FALLING WEDGE BREAKOUT
- Breakout of Resistance - Done โ
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #balaamines
RAIN Industries - Bottom Forming pattern - Multibagger๐ Exciting Bullish Pattern Alert! ๐
๐ Pattern: Falling Wedge
๐ Symbol/Asset: RAIN
๐ Description: Stock is forming falling wedge pattern around the Long Term Support.
We can clearly see bottom is in making.
There is a strong support of around 130-135 and we can see huge bounce from hereon.
Rain Industries is a Buy On Dips.
Not to Miss this opportunity.
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
#SUI : Bullish breakout pending!!!!!#SUI / D1 :
Sui is trading inside a rising wedge and it is repeatedly testing its resistance trendline. If the resistance gets broken, Expecting a 40% bullish rally as per textbook pattern target.
Also, Rising wedges mostly tend to break upwards during bull markets.
NIFTY METAL Sector Analysis (1W TF) - 16th December 2023#NIFTYMETAL Sector Analysis (1W TF)
PATTERN: RISING WEDGE BREAKOUT
- The Metal sector has shown a fabulous up move since beginning of 2023
- Wait for Breakout of the Resistance Zone OR Reversal !
#stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
DISNEY WDP on a Long term Support !Exciting Bullish Pattern Alert! ๐
๐ Pattern: Falling Wedge
๐ Symbol/Asset: WDP DISNEY
๐ Description: Stock is around long term support.
Stock might not come around the same level again .
Stock is also making falling wedge in a downside rally, so we can see huge momentum after falling wedge breakout !!
We can expect minimum 200-400% returns in coming years !!
๐ Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Nifty 50: Rising Wedge in a Strong Economic Climate!The Nifty 50 index exhibited a complex behavior, oscillating between 20,850 and 21,000, indicative of a period of consolidation. The chart reveals a rising wedge pattern, typically seen as a bearish signal in technical analysis. This pattern emerges amidst the index surpassing the 21,000 mark, reflecting strong economic indicators. For traders focusing on short-term movements, the 15-minute candle charts are essential for identifying immediate opportunities, especially in light of the expected i
BTC to $39K: Is this the beginning of Bullish trend?BINANCE:BTCUSDT is approaching higher levels after a prolonged wait. According to the current trend, BTC is likely to reach $39000, possibly even $40000 by the end of this month, followed by a correction to the $34000 range.
This could be the last opportunity to maximize the benefits of the upcoming bull run. Starting in mid-December, a significant capital inflow into BTC is expected due to increased institutional adoption. With the Halving approaching and positive market sentiment surroundin























