Ascending Channel
GRAPHITE India in Ascending Channel - Mean reversion NSE:GRAPHITE Levels and explanation in the chart...
Note:
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Godrej Consumer - Ascending triangleGodrej Consumer is in consolidation since long. Ascending triangle pattern is seen in weekly chart. Expected up move once there is breakout. Can buy in the range 700 to 720. Wait for some correction. Can accumulate in dips. Technical target is 1026. Can go long with a trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Banknifty (Probabilty vs Possibility)After the formation of strong bearish engulfing pattern in daily chart, the market is taking a pause.
Case 1 -
We can see a inverse head and shoulder pattern formation and an ascending channel formation (in 5 min chart) at its right shoulder. If BNF crosses 29800 and sustains, it could retest 30000 level
Case 2 -
If a breakdown of the ascending channel formation (in 5 min chart) happens, we can expect BNF to come down up to 28950 level as that is the immediate support.
P.S. Please see 5 min chart, since trading view is not allowing me to post in 5 min time frame.
Cheers.
Bank Nifty showing excellent work of support and resistance.Hello traders,
this is a chart of bank nifty which is showing excellent work of support and resistances.
the main pattern is the Rising channel and other work does the supports and resistances which help bank nifty support channel fakeouts.
other details are mentioned in the chart.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
PRAJ Industries can go long after Trend line breakoutNSE:PRAJIND Looks very good setup to go long after successful breakout of trendline... Good for intraday, Swing trade with strict RR... Consider on closing basis..
Note: This is my personal view and please check n take a trade as per your RR.
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let's see what thing the stock respects: wave or channel?hello guys :)
came back with a new Idea and I think so that many of you have doubts about this stock like when and where to enter?hold or exit? etc...
I also posted previously Idea that you can enter in this stock;that time it was 800 to 850 levels...
I also bought this first @830 and after that I also bought @726 as I founded it bullish according to my analysis.
but sorry guys I forgot to post an Idea on this :(
now you can see the chart that the stock made a channel and also an elliot Impulse wave.
now what will it respect?and when to enter,exit,or hold is given in the chart.
Thanks for viewing this.may help you :)
Aniket
Nifty: Ascending Triangle within a Rising Channel This is the 75min chart of Nifty Futures wherein I have spotted two interesting developments. One, the index is trading within a well-defined rising channel with prices now hovering at the lower border of this channel support. Two, the index has also created a well-defined Ascending Triangle with valid resistances at the psychological 12K mark.
Considering there has been a series of small-bodied candles recently, we should be prepared for a breakout anytime soon next week. Never under-estimate the underlying trend, and considering it is UP and resilient, we should look out for an upside breakout. Best case scenario of such a move means a tentative test of the higher border of this channel which beautifully coincides with the height of the triangle at 12,400.
Trade Well. Trade Wise.
Ascending Triangular Chart Pattern, Trading is all about skill 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 breakout is given .
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