Beautiful channel is ready to trade on shorting with a small affordable stop loss.
Choose parallel channel . Then connect the end of wave i to the end of wave iii and make a parallel channel connecting to the end of wave ii. Only if the channel is broken on the lower side with resistance , we can conclude that wave iii is over . If the parallel channel gives support it means we have a 1-2-123... in progression . Investors should hold because...
NSE:HCLTECH Weekly and Daily TF analysis Wave 4 correction looks getting over Wave 5 Rally shall resume
Similar conditions as in the nifty idea I shared earlier. Top of parallel channel, distribution visible in RSI. SL is weekly close above ATH. Look for breakdown of the upsloping red line for confirmation of trend breakdown instead of picking a top. Disclaimer : For educational purposes only ! Link to Nifty idea :
Price faced resistance and fall down nicely and it is bullish as long as it sustains above 48160. Now it has formed a mini channel. Pattern : Channel(Mini). Range : Medium. Trend strength : Normal. Buy Above : 48180. Stop Loss : 48100. Targets : 48260, 48340, 48420 and 48580. Sell below : 47960. Stop Loss : 48040. Targets : 47880 ,47800, 47720 and 47620. Check...
Disclaimer : Educational ideas only. You are responsible for whatever you choose to do from this analysis. From the chart, we see two very powerful upsloping resistance lines in green, one from a decade ago, another from 2020 low. In addition, we see a bullish flag like consolidation under the resistance line, but in RSI, we see lower highs and lower lows...
For Education Only. About to break the sideways structure. High probability of explosion going further with first potential target at ~14-15%. About the break the structure with high volume.
Bank of India is testing its resistance level. It can be move further once it closes above the high of the range.
NSE:AFFLE has broken its downward parallel channel and has started moving in an uptrend, may rise to 1320 level in the nearer term.
Good breakout in UBL after long time. Let's see if it can make ATH :) I bought UBL FUT at 1925 - UBL was trading around 1920 in cash market.
#Tatacomm cash - Positional call 22.04.2024 Looks good above 1760.10 Stoploss 1660 Target 1880/2040 Cmp 1723
Indusind Bank has been moving in a rising parallel channel from 23 January 24. The difference between the lower trend line of the channel and the upper trend line of the channel is Rs 122 to Rs 130. On April 19 it bounced from the lower trend line. If you feel like taking a chance you can buy and look for an upside of Rs 90 atleast.
nifty 50 forming bullish channel pattern...brack up side goto good booming...
MMTC had given a breakout on monthly basis in January 2024 and now we are seeing the pull back and retest. Coming to a lower TF like daily or hourly we can see that it has been moving in a Parallel Channel from Aug 2023 consistantly making Higher Lows and Higher Highs. Taking 1 HR. Time frame we can see that it is making a Cup and Handle pattern. We have yo wait...
BTC just broke the channel pattern in 15mins TF and again consolidating between 63600 & 63300 in channel pattern. Break in either side can give a good move. Resistance 64800 Support 61800
CNXIT breadth is 100% since 3rd May 2023 past 20 year this index is in parallel channel. after sideways movement can we may expect an upmove which will bring bear trap for current setup
BNF is trading near the 1hr TF support of 474000. Also it to be noted that BNF has fall 1400 points from its ATH. Still BNF is trading near the support zone of 47400 & 47600. If BNF moves upward we will have a immediate resistance of 47800. Below are the resistance level to watch Resistance 1 48100 Resistance 2 48250 If BNF moves downward we...
Appears to be Jewellery custom index breaking down from parallel channel