rising wedge short in cumminsind :
cumminsind : cmp 1680.95
trade setup :
1. sell in range 1680 to 1685
2. keeping 1732 as closing basis stop loss
3. targets : 1643 / 1604 / 1548 / 1519 / 1478 & below
technical setup :
1. rising wedge pattern trade
2. stochastic RSI in monthly set up at 100
indicating highly over bought price zone
3. volume getting drying up at higher levels
4. real breakdown will happen when price breaks below trend line support.
note :
rising wedge pattern :
pattern forms when both resistance and support trend lines moves in ascending pattern as sketched in charts .
price pattern will deliver higher highs & higher lows .
converge near apex point and trend to breakdown below trend line support to deliver faster downside targets .
keep stop loss as mentioned in trade setup .
trade setup :
1. sell in range 1680 to 1685
2. keeping 1732 as closing basis stop loss
3. targets : 1643 / 1604 / 1548 / 1519 / 1478 & below
technical setup :
1. rising wedge pattern trade
2. stochastic RSI in monthly set up at 100
indicating highly over bought price zone
3. volume getting drying up at higher levels
4. real breakdown will happen when price breaks below trend line support.
note :
rising wedge pattern :
pattern forms when both resistance and support trend lines moves in ascending pattern as sketched in charts .
price pattern will deliver higher highs & higher lows .
converge near apex point and trend to breakdown below trend line support to deliver faster downside targets .
keep stop loss as mentioned in trade setup .
Note
1666.70 lowNote
1589.10 lowNote
1553 lowNote
1546 lowNote
1502 lowNote
1493 lowNote
1481 lowTrade fermée: cible de profit atteinte
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