CNX NIFTY - Descending wedge breakout in 5 min Chart

• Descending Wedge Breakout

RCOM

Weekly Chart

Daily Chart

Daily Chart

.DJI : Does it looks like a Rising Wedge Pattern

Daily Chart

CNX NIFTY- Hourly, Daily Chart Review

Hourly Chart

Daily Chart

Near Term Support Levels : 7677- 7650.

Near Term Resistance Levels : 7773-7784

TATA STEEL { Weekly , Daily, Hourly Chart Review }

Weekly Chart

Daily Chart

Hourly Chart

Key levels to watch.

Levels on the upside 551, 560.

Levels on the downside 547, 535, 520.

CNX NIFTY INTRA-DAY CHART REVIEW.

For previous Nifty Intra-day Analysis, please click on the link below:
http://techincallearning.blogspot.in/2014/07/cnx-nifty-rising-wedge-breakdown-on.html

INFY: Inverse Head and Shoulder on daily Chart , within the Descending Broadening Wedge.

[Breakout from  Inverse Head and Shoulder Pattern]

 To check the Descending Wedge Pattern, please click on the link below:
http://techincallearning.blogspot.in/2014/07/nse-infy-descending-broadening-wedge.html

CNX NIFTY : Rising Wedge breakdown on Intraday [30 minutes ]Chart

CNX NIFTY : A rising wedge formation

Nifty - Heikn Ashi Candlesticks

A rising Wedge like pattern is visible on the chart.
A spinning top Heiken Ashi candle is visible on the charts, signalling indecision between  buyers and sellers.

NSE: INFY - DESCENDING BROADENING WEDGE

This formation is looking like a descending broadening wedge.

Both the trendlines are sloping downward, and lower trendline is more steeper than the upper trendline.

Volume is erractic during its consolidation.

In recent , prices touches the upper trendline and moved down, but it turned again towards the upper trendline, which may open a room for the probable upside breakout.

This pattern is often seen as consolidation, therefore it likely that prices may continue in the direction as they were moving, before this pattern formation.