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Ascending Channel

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
NIFTY TREND SETUP FOR THE WEEK NIFTY TREND SETUP -from past few weeks i am explaining nifty is in a "bullish bias" -to understand please go through my nifty and banknifty posted charts -you will get an idea how we were able to maintain our bullish view -coming to the new post of nifty let see what is cooking up -our rising wedge pattern is confirmed (read previous post) -nifty is making a move to test "61.8% retracement level" -and also its 200-ema both now placed in the zone of 10420-10520 -!!yes!! again i am "bullish" this week -the reason is quite simple i don't know whether someone has noticed!! -that after the gap down on 11th march it is the first time!! -that nifty has mananged to "close above 10175" -!!yes!! nifty everytime gaped up and was sold into -this rally is different after 3 months nifty actually managed to close above the level of 10175 (please watch the "yellow" line closely on the daily chart) -this is a major reason i believe that market can test 10350-10520 beyond that we will need to dig deeper NIFTY TRADE SCENARIO -any dip towards 10160-10180 is a buying opportunity -intial target should be 10275-10320 -if breaks then we can re-enter aggressively previous post on nifty index
NSE:NIFTYLong
by manavtechresearch
4
NIFTY BULLISH CHANNEL TO BE TESTED TODAYNIFTY INDEX TREND SETUP -there is a bullish channel on a 30-min chart on nifty index -which might be breached in the opening -important thing is nifty is having support at 9720-9750 -that is the area from where we have seen strong bounce back -it remains to be seen if nifty bounces back from this levels or not -we have expiry today break i doubt that we might break below 9750 on closing basis NIFTY TRADE SCENARIO -avoid taking directional trade today as we have expiry -market might again range between 9720-9950 -wait for a range break NIFTY RESISTANCE FOR THE DAY 9880-9925-9960-9999 NIFTY SUPPORT FOR THE DAY 9750-9720-9680-9550
NSE:NIFTYLong
by manavtechresearch
1