Time Frame: 1-Hour
Formation: The pattern has been developing since 17 August, with a clear sequence of expanding swings forming a symmetrical broadening wedge.
Current Position: The stock is trading near the 5th and final leg of the pattern.
Support Zone: ₹690–₹700
Pattern Resistance: ₹740
Final Leg: ₹700 → ₹740
Pattern Target: ~₹790
View
The stock is positioned near the final leg of the broadening structure. As the lower support zone holds, the first expected move is towards ₹740, followed by the broader pattern target near ₹790.
Overall View: Bullish from the ₹690–₹700 support zone.
Formation: The pattern has been developing since 17 August, with a clear sequence of expanding swings forming a symmetrical broadening wedge.
Current Position: The stock is trading near the 5th and final leg of the pattern.
Support Zone: ₹690–₹700
Pattern Resistance: ₹740
Final Leg: ₹700 → ₹740
Pattern Target: ~₹790
View
The stock is positioned near the final leg of the broadening structure. As the lower support zone holds, the first expected move is towards ₹740, followed by the broader pattern target near ₹790.
Overall View: Bullish from the ₹690–₹700 support zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.