Nifty : Falling wedge

On daily chart it looks like nifty is forming a falling wedge in current correction with a b c d completed and we are currently in e .....the lower trendline comes some where around 5100-5120.

Update : Falling Wedge in Nifty

Target for nifty given in last post reached as nifty made a high of 6029.

Nifty : Falling Wedge

Nifty has formed falling wedge in hourly chart so if 5970 is taken out with good volumes nifty could again see 6035.

Update : Geodesic Limited

Pattern failed in geodesic limited so one should exit the stock.

Geodesic Limited

Geodesic Limited gave a breakout from falling wedge on good volumes , so it could now target 147.

GMR Infra

GMR Infra broke out from falling wedge on decent volumes so it could now target 85-90.

Update:Falling Wedge in Nifty

woo.......what a day.

Nifty : Falling Wedge

Falling wedge is seen in nifty daily chart if upper trendline is taken out with good volume we could see earlier highs.

Intraday post

Falling wedge on 1 min chart, now nifty could target 5060 but can face resistance around 5040
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Update at EOD--------nifty reversed from 5045.

Breakout from falling wedge

Nifty gave a breakout from falling wedge on hourly chart ,it could now target 4885-4890
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Update at 12:00


Target reached

Intraday post

Falling wedge could be seen in nifty 5 day chart, if upper trendline is broken with volumes then nifty could see 4450.

Nifty

Loos like a falling wedge on nifty hourly chart which could take it to 4500 level.

Nifty

Falling wedge is seen on nifty 5 min chart, so breakout with volume could again take nifty to 4693.

Intraday Post

Inverse head and shoulder pattern in nifty with target of 4541 if 4500 is taken out with volumes, move below4483 invalidates the pattern.
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Pattern failed
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Breakout from falling wedge with target of 4575.
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3:06 PM----------------Target reached.
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Reliance capital target given in this post reached.

Nifty

Nifty brokeout from a falling wedge,it could now target 4455.

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Also inverse head and shoulder pattern is seen on nifty 5 min chart with target of 4378, this pattern invalidates on move below 4209.

SBI

Falling wedge is seen on SBI's hourly chart ,if it breakout's above the upper trendline with volume, it could target 1840.

Breakout from Falling Wedge

Today nifty made a breakout from falling wedge with a target of 3500.