WaveTalks - Nifty: Channel Trading Strategy There are three (3) types of channels: 1. Ascending Channel (higher highs and higher lows) 2. Descending Channel (lower highs and lower lows) 3. Horizontal Channel (ranging) ------------------------- Ascending channel ------------------------- An Ascending channel is a pattern formed from two upward trendlines drawn...
CESC : It has formed channel pattern ( slightly ascending) for 400+ days and it gave breakout on 07 june 2021. The stock is now retesting its resistance line, if the retest is successful it can give a strong up move at least equal to the breadth of the channel . Feel free to share your views/feedback, also let me know in the comments if you liked my analysis on this stock.
Ascending chart pattern is a type of Triangle chart patterns . Ascending chart pattern is formed when price has a resistance and is forming continuous higher lows. Adequate buy or short area would be after the price gives a breakout .Ascending pattern you can short or buy as well . Wait for the price to give a breakout and enter in which ever direction the...
It has broken weekly support in a ascending channel. but has a immediate support 10% below the current price. i.e 1350-1390 levels, good to buy at these levels for long term.
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TITAN has a key resistance level at 1038, if it close above this level and sustains, it can rally upto 1120 levels and touch the resistance of the channel.if it comes below 1000 level then it can go down upto 940-950 levels.