Rising Wedge Pattern

Price grinding higher inside two rising lines that are closing together — an advance running out of air.

Bearish Reversal pattern 13 stocks showing it now Scanned 2026-10-16

📊 Stocks forming a rising wedge right now

Timeframe All Daily Weekly · State All Forming Broken out ↑ Broken down ↓

Showing 13 of 13. Trigger is the price a daily close must clear for the pattern to complete; Target is the measured move it projects, marked ≈ while the break has not happened yet.

Stock	TF	State	CMP	Trigger	Away	Target	Touches
LGEINDIALG Electronics India Limited	Daily	Bearish	₹1,720.00	₹1,708.20	0.7%	≈₹1,456.10 (-15%)	4
CLEANClean Science and Technology Limited	Weekly	Bearish	₹783.80	₹775.90	1.0%	≈₹616.60 (-21%)	4
AUROPHARMAAurobindo Pharma Limited	Weekly	Bearish	₹1,666.90	₹1,647.10	1.2%	≈₹1,357.49 (-19%)	6
ASAHIINDIAAsahi India Glass Limited	Weekly	Bearish	₹923.55	₹908.09	1.7%	≈₹753.29 (-18%)	5
KOVAIKovai Medical	Weekly	Bearish	₹5,973.00	₹5,837.63	2.3%	≈₹4,745.16 (-21%)	6
PETRONETPetronet LNG Limited	Weekly	Bearish	₹293.00	₹284.54	2.9%	≈₹237.84 (-19%)	8
LAURUSLABSLaurus Labs Limited	Daily	Bearish	₹2,060.10	₹1,978.68	4.0%	≈₹1,788.22 (-13%)	8
CASTROLINDCastrol India Limited	Daily	Bearish	₹197.74	₹188.93	4.5%	≈₹160.94 (-19%)	6
PGINVITPOWERGRID Infrastructure Investment Trust	Daily	Bearish	₹103.70	₹97.95	5.5%	≈₹88.12 (-15%)	8
PGINVITPOWERGRID Infrastructure Investment Trust	Weekly	Bearish	₹103.70	₹96.91	6.6%	≈₹75.50 (-27%)	4
PNBHOUSINGPNB Housing Finance Limited	Weekly	Bearish	₹1,167.70	₹1,084.53	7.1%	≈₹831.77 (-29%)	8
PERSISTENTPersistent Systems Limited	Weekly	Bearish	₹5,741.00	₹5,303.15	7.6%	≈₹3,829.65 (-33%)	4
KARURVYSYAKarur Vysya Bank Limited	Weekly	Bearish	₹355.65	₹314.63	11.5%	≈₹241.10 (-32%)	6

📖 What a rising wedge is

Both the highs and the lows are rising, but the lows are rising faster than the highs, so the channel narrows as it climbs.

Why it forms

Each push up makes less progress than the last while dips get shallower — the classic signature of buying that is getting more reluctant and more crowded at once. The trend is still up, but its quality is deteriorating.

🎯 Trigger

A close below the rising lower boundary.

📏 Target

Project the height of the wedge at its widest down from the break. Wedges often retrace the whole move that built them.

🛑 Invalidation

A decisive close above the upper boundary, which turns the wedge into an ordinary acceleration.

🖼 Example on a live chart

LGEINDIA — Daily

Forming

LGEINDIA rising wedge pattern on daily candles, with the pattern boundaries and breakout level drawn

The shaded band is the formation. On tops and bottoms the indigo line traces the shape itself — up into the left shoulder, over the head, and away from the right — and the dashed line is the neckline it has to break; on triangles, wedges and channels the two solid boundaries are the pattern. Triangle markers are the swing highs and lows those lines were fitted through, and the dash-dot line is the measured-move target once the pattern has broken.

❓ Rising Wedge FAQ

Is a rising wedge bullish or bearish?

Bearish, which surprises people because price is going up inside it. The signal is in the narrowing, not the direction: smaller and smaller advances say the trend is tiring.

What is the difference between a rising wedge and an ascending channel?

A channel's boundaries stay parallel; a wedge's converge. A rising channel is a healthy trend. A rising wedge is a trend losing momentum, and they are traded in opposite directions.

Where do rising wedges appear?

Both at the end of an uptrend, where they are reversal signals, and inside a downtrend as a bear-market rally, where they signal the rally is ending.

↔ Related formations

Ascending Triangle (12) Descending Triangle (23) Symmetrical Triangle (7) Falling Wedge (136) All patterns →

📚 Today's chart books (PDF)

About the chart books →

Daily Chart Pattern Book 100 annotated charts across 17 pattern types, 15 breakouts and breakdowns 16 Oct 2026 close · 54 pages · 9.2 MB Open PDF F&O Chart Pattern Book 100 F&O stocks · 15 pattern types · 21 breaks (1 up, 20 down) 16 Oct 2026 close · 54 pages · 9.3 MB Open PDF Chart Pattern Research Book 100 stocks, one per page, each with its last 3 high-impact NSE announcements 16 Oct 2026 close · 104 pages · 9.6 MB Open PDF Trendline Touches 25 falling trendlines from the top (resistance) · 25 rising trendlines from the bottom (support) 16 Oct 2026 close · 55 pages · 4.6 MB Open PDF Channel Tests 25 testing the lower channel line (support) · 25 testing the upper line (resistance) 16 Oct 2026 close · 55 pages · 5.1 MB Open PDF Change of Polarity 19 stocks where old resistance is being retested as support 16 Oct 2026 close · 24 pages · 2.0 MB Open PDF

Educational only. Prepared with AI assistance and reviewed by our editors; still check prices and levels yourself. Not investment advice.

How these are found: swing highs and lows are picked out with a percentage ZigZag on daily and weekly candles, and the boundaries are line-fitted through those swings. A formation is only published when the fit is tight, the boundaries are actually touched several times, and the price action stays inside them. The most recent swing is provisional, so a forming pattern can still change shape on the next candle, and patterns whose break already played out are dropped rather than shown as fresh. Levels and targets are the textbook measured moves, not forecasts. This is auto-generated market data, not investment advice.