Refex "Right Angled Descending Wedge" BO ✅
Refex "Right Angled Descending Wedge"
A right-angled ascending broadening wedge is a downward reversal pattern. The pattern is formed by two diverging lines, the support is a horizontal line and the resistance is an oblique bullish one, so it is an inverted descending triangle
Currently, Refex is in the range of Rs 144. If the pattern continues, the price of Refex might reach the resistance level of Rs 210 If the trend reverses, then the price of Refex may fall to Rs 125.
Price of Refex had four times retested the resistance level So,We can expect the price to break through the resistance level the next time.
Trading Level ✅
Entry Point - 145 ( Breakout region)
Stop Loss - 125 (Previous Swing Low)
Target - 210 (Derived from pattern range)
Happy Trading
A right-angled ascending broadening wedge is a downward reversal pattern. The pattern is formed by two diverging lines, the support is a horizontal line and the resistance is an oblique bullish one, so it is an inverted descending triangle
Currently, Refex is in the range of Rs 144. If the pattern continues, the price of Refex might reach the resistance level of Rs 210 If the trend reverses, then the price of Refex may fall to Rs 125.
Price of Refex had four times retested the resistance level So,We can expect the price to break through the resistance level the next time.
Trading Level ✅
Entry Point - 145 ( Breakout region)
Stop Loss - 125 (Previous Swing Low)
Target - 210 (Derived from pattern range)
Happy Trading
交易進行
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。