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Ascending Channel

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
NSE:ROUTE
by Aniketyourtechnicalanalyser
1
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.
NSE:NIFTY1!Long
by Abhijit_Paul
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 . Please Share , Follow and Like if this content was useful and you gained some knowledge.
NSE:AXISBANKEducation
by Deepak_dc93
3
JSW Steel: Channel tradeJSW Steel CMP 187 - trading near Channel support - if broken then next support at 178-175 zone & major support 168-166 zone - resistance at 196 / 202 / 208 Given the set up one may consider selling 170 Put option between 5-5.5 ( CMP at 5.20) Lot size 2700 Max profit potential Rs 13500 - Rs 14850/- Yield potential 10% - 11% on capital Loss if JSW steel closes below 165-164.50 on 30 July Take care & safe trading...!!! Discliamer: - The view expressed here is my personal view - Use this for educational purpose - Any decision you take you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:JSWSTEELLong
by indiamarketoutlook