Blog Posts - Rising Wedge



Nifty chart: a midweek technical update (Dec 14 '16)

FIIs have turned bears once again. Their net selling in equities crossed Rs 29 Billion during the first three days of trading this week. DIIs were net buyers of equity worth only Rs 1.2 Billion. Nifty has shown remarkable resilience despite strong se...

S&P 500 and FTSE 100 charts (Dec 02 '16): brief corrections find some support

S&P 500 index chart patternFormation of a 'rising wedge' pattern and overbought technical indicators in last week's post on the daily bar chart pattern of S&P 500 triggered a small correction.Note that after the break out and close below the...

BSE Sensex and NSE Nifty charts (Aug 12, 2016): bulls and bears fight each other to a standstill

Bulls (i.e. FIIs) and bears (i.e. DIIs) fought each other to a standstill during the week. FIIs were net buyers of equity worth Rs 3525 Crores; DIIs were net sellers of equity worth almost Rs 3250 Crores, as per provisional figures.On a weekly closin...

BSE Sensex and NSE Nifty charts (Aug 05, 2016): bulls fight off a bear attack

FIIs were net buyers of equity worth Rs 2800 Crores during the first trading week of Aug '16. DIIs were net sellers of equity worth Rs 1500 Crores, as per provisional figures, but were net buyers on Fri. Aug 5 - enabling both Sensex and Nifty to clos...

BSE Sensex and NSE Nifty charts (Jul 29, 2016): bulls outmanoeuver bears

FIIs were net buyers of equity during Jul '16. Their net buying for the month totalled Rs 10,100 Crores, which exceeded their combined net buying during Apr-Jun '16. DIIs were net sellers of equity worth Rs 6050 Crores, as per provisional figures.Sen...

BSE Sensex and NSE Nifty charts (Jul 22, 2016): consolidating, with slight advantage for bears

FIIs continued in 'buy mode' during the week. Their net buying in equities exceeded Rs 2200 Crores, as per provisional figures. DIIs were net sellers of equity worth Rs 1600 Crores. Sensex closed marginally lower, while Nifty closed flat fo...

BSE Sensex and NSE Nifty charts (Jul 15, 2016): bearish patterns may trigger corrections

FIIs were net buyers of equity worth almost Rs 3900 Crores during the week - slightly less than their entire net buying during Jun '16. As per provisional figures, DIIs were net sellers of equity worth Rs 3050 Crores - more than their entire net...

Gold and Silver charts: an update

Gold chart patternThe daily bar chart pattern of Gold bounced up with strong volume support after a pullback to the top of the 'symmetrical triangle' on Thu. Mar 10 '16. The next day, it rose to touch a new 52 week high of 1288, but formed...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Mar 18, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 shows a pullback towards the 200 day EMA during the first two days of the week, which was used by bulls to buy. The index surged past the 2050 level intra-day with stron...

Gold and Silver charts: an update

Gold chart pattern The daily bar chart pattern of gold broke out upwards from a ‘triangle’ pattern within which it consolidated for 7 weeks. There was no significant increase in volumes that would have technically validated the breakout. Aft...

BSE Sensex and NSE Nifty 50 index chart patterns – Jul 17, 2015

FIIs have turned positive about the Indian market again. Their net buying in equities crossed Rs 2500 Crores during the past week, as per provisional figures. DIIs were net sellers of equity worth Rs 625 Crores. Merchandise exports during Jun ‘15...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – May 01, 2015

S&P 500 Index Chart The daily bar chart pattern of S&P 500 touched a new intra-day high of 2126 on Mon. Apr 27, but formed a ‘reversal day’ pattern (higher high, lower close) and started correcting. The possibility was mentioned in la...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Apr 17, 2015

S&P 500 Index Chart The daily bar chart pattern of S&P 500 continued its sideways consolidation within a ‘symmetrical triangle’ pattern. The index faced resistance from the upper edge of the triangle and dropped sharply below its 20 d...

USD/JPY 13 April: Breakout Rising Wedge Pattern?

USD/JPY masih cenderung bergerak upside dalam lintasan Rising Wedge Pattern. Meskipun umumnya Rising Wedge Pattern berisiko downside, tapi terlalu awal untuk menyimpulkan hal itu, kecuali jika USD/JPY mampu menutup candle H4 di bawah 119.84. Indikato...
by berita-fx on Apr 13, 2015

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Apr 10, 2015

S&P 500 Index Chart The daily bar chart pattern of S&P 500 closed 35 points (1.7%) higher on a weekly basis, and climbed back inside the large ‘rising wedge’ pattern (see last week’s post) once again. The index is consolidating side...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Apr 02, 2015

S&P 500 Index Chart In a holiday-truncated trading week, the daily bar chart pattern of S&P 500 closed marginally higher on a weekly basis, but dropped below the large ‘rising wedge’ pattern once again after briefly pulling back insid...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Mar 27, 2015

S&P 500 Index Chart The daily bar chart pattern of S&P 500 rose to touch a lower top of 2115 on Mon. Mar 23 ‘15, formed a ‘reversal day’ pattern (higher high, lower close), corrected below its 20 day and 50 day EMAs, and broke down...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Mar 20, 2015

S&P 500 Index Chart The daily bar chart pattern of S&P 500 bounced up smartly from the twin support of the 2040 level and the lower edge of the large ‘rising wedge’ pattern. All three EMAs have resumed their upward moves, and the inde...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Mar 13, 2015

S&P 500 Index Chart Bearish technical indicators in last week’s analysis of the daily bar chart pattern of S&P 500 had hinted at a continuation of the corrective move. The index dropped sharply below its 50 day EMA, but bounced up after...

BSE Sensex and NSE Nifty 50 index chart patterns – Mar 13, 2015

The stock market was clearly disappointed by the economic data announced last week. The IIP number was positive, but lower than the previous two months. CPI inflation has started inching up again – mainly due to higher food prices. That may force t...


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