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Wedge

Axis bankPrice has formed a rising wedge and the consolidation is getting narrow. Pattern : Wedge. Range : Medium. Trend strength : Normal. Buy Above : 994. Stop Loss : 989 Targets : 999, 1004 and 1010. Sell below : 985. Stop Loss : 990. Targets : 980, 975 and 970. Price in one hour time frame. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whateve
NSE:AXISBANK
by vanathi
BANKNIFTY November 8, 2023BankNifty turns bullish as expected! On November 7th, NSE:BANKNIFTY broke through neckline resistance with a bullish momentum candle, confirming the bullish trend that we have been anticipating. The weekly chart shows a rising wedge formation, which could lead to a short-term bullish trend, with BankNifty breaking through 45,000 and reaching an all-time high before reversing. I have plotted and adjusted support and resistance levels on the chart. Please watch the market closely and trade
NSE:BANKNIFTYLong
by UnknownUnicorn34628734
Finnifty - Nov 7Price is moving up for the past few days, but the width is narrowing in the form of rising wedge. So you should be careful as it may fall suddenly. Buy above 19660 with the stop loss 0f 19610 for the targets 19700, 19740 and 19820. This will happen if the price retains the bullish strength. Sell below 19570 with the stop loss of 19610 for the targets 19530, 19490, 19450 and 19400. The fall may be more if the price gains bearish strength. Support zone : 19420 - 19460. Resistance zone : 19790
NSE:FINNIFTY1!
by vanathi
3
Nifty weekly expiry for 02/11/23.Nifty has formed a red candle on the daily charts and is trading between both the moving averages. It is showing a bearish trend on smaller time frame, also forming a fall wedge pattern. If the market starts trading below 18900, there will be a huge sell off as the low will be cleared and support will be around 18720. On the hourly charts, the market has been trading below the moving averages which signify some negativity. Support :- 18870, 18720 Resistance :- 19250, 19400 Tomorrow is weekl
NSE:NIFTY
by TheMamboMomentum
NIFTY positional - 1000 pts move NIFTY index on a weekly timeframe, a notable diamond top formation seems to be developing. Historically, diamond patterns have often signaled significant price reversals. Based on this observation, a potential 1000 pts move could be on the horizon. Analysis: Diamond Top Formation : The diamond pattern, often considered a reversal formation, has manifested after NIFTY's bullish run. This pattern encapsulates a period of market indecision, with the price oscillating within converging trendline
NSE:NIFTYShort
by msk_analysis
2
🚨 #BankNifty Weekly Time Frame: What's Next? 🚨NSE:BANKNIFTY On the weekly chart, there's a huge rising wedge shaping up for BankNifty. This week, we've tapped the trendline again. The weekly candle has got a significant wick at the bottom, showing buyers are still in the game. 📈 Support Zone: 41800-42000 Resistance Zone: 43800-44000 A drop below 41800 might kickstart a bearish run. Or, we could consolidate in this zone and see some sideways action before the next big move. Keep your eyes peeled for a breakout or a bounce back!
NSE:BANKNIFTY
by TrendTechnician
Mighty Nifty - Oct 19Pattern : Falling Wedge. Range : Medium. Trend strength : Normal. Buy Above : 19640. Stop Loss : 19610. Targets : 19680, 19720 and 19750. Sell below : 19560. Stop Loss : 19590. Targets : 19530, 19500 and 19460. Expiry day range is 19450 to 19750. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:NIFTY
by vanathi
A Continuation Wedge (Bullish) pattern in ARVINFASN A Continuation Wedge (Bullish) is a technical chart pattern often observed in financial markets, particularly in price charts of stocks, currencies, commodities, and other assets. This pattern is characterized by its appearance during an uptrend and signifies a temporary pause or consolidation before the prevailing uptrend resumes. Here's a breakdown of its features and implications: Pattern Appearance: The Continuation Wedge (Bullish) consists of two converging trendlines, both of which
NSE:ARVINDFASN
by hardeepssethi
BHEL ltd,.; min 30% Return ; right time to investFundamentally good stock, For long term investment. . . Entry: 102 target: 104 -119 - 130 sl: 97 major stoploss/ support: 87 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ;good for long term investment. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer old ideas attached below
NSE:BHELLong
by TheNuraTrading
3
EQUITASBNK - Continuation Wedge (Bullish)Daily chart analysis of EQUITASBNK tells me that following a brief pause, the previous upward trend is poised to resume. A Bullish Continuation Wedge illustrates a momentary pause in an ongoing upward trend, characterized by two converging trendlines that both slope downward against the prevailing trend. Throughout this phase, there's a struggle between bearish and bullish forces, with bears attempting to gain control over bulls. Eventually, the bulls emerge victorious, as evidenced by a de
NSE:EQUITASBNK
by hardeepssethi