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PRECOT (W):- A falling wedge is formed by two converging trend lines when the stock's prices have been falling for a certain period. Before the line converges the buyers come into the market and as the result, the decline in prices begins to lose its momentum. This results in the breaking of the prices from the upper trend line.
Beyond Technical AnalysisbreakoutChart Patternscharts_insidersFalling WedgelikeandfollowPRECOTpublishedsolankisagar820tradingviewtradingviewindiaTrend Analysis

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