hdfc bank looks bullish in short to medium term.In longer time frame, it is in a strong uptrend.
In daily, price at the support of ascending channel, with a sl below the channel support, one may aim for previous swing high then channel resistance.
Ascending Channel
indusind bank looks bullish in short to medium term.In longer time frame it is in strong uptrend.
In daily, hammer formed near ascending channel support.
with a sl below the channel support, one may aim for previous swing high, then channel resistance.
merck looks bullish in short - medium termlong term trend is quite bullish.
in daily - price near uptrend channel support. with a sl - 1060(below channel support) tgt - 1280, 1300
century ply looks bullish in medium term.in weekly - price bounced from uptrend channel support it can easily go to the channel resistance.
also in longer time frame, it broke out of horizontal channel with good volume,
sl - 280 1st tgt - 330, 2nd tgt - 365
bse midcap index looks weak, we may see consolidation/correctionin weekly, midcap index is in uptrend channel resistance, regular bearish divergence seen, we may see consolidation/correction
nbcc looks bearish in medium term.In weekly, price touched ascending channel resistance line, now it is moving down.
In daily, ascending wedge formed, support broken, now retesting the broken support.
Also BB shows the reversal in the trend.
Price can slide down to 180-170 range.
pvr looks bullish in medium termin weekly, pvr bounced from uptrend channel support and horizontal support.
sl - 1286, 1st tgt - 1643, 2nd tgt - 1780
bharat forge looks bullish in medium termprice is in uptrend channel in weekly time frame. and current trend is up,
So it can go to the channel resistance easily
sl - 1070 1st tgt - 1210 2nd tgt -1280
Sanghi Industries- Resuming its upward journey ?Sanghi trading at support line in channel pattern, will it resume its upward journey.. target: top line of a channel.
sbi looks bullish in medium term.price is moving in a uptrend channel in weekly time frame, and the current trend is up, so it should easily go to the channel resistance.
sl - 274, tgt1 - 310, tgt2 - 330
V2 retail looks bullish in medium term.in longer time frame it is in strong uptrend.
in daily it is in uptrend channel, also bounced from horizontal support.
with a sl - 230, 1st tgt - 261 2nd tgt - 285
talwalkar looks bullish in short to medium termin daily, price bounced from uptrend channel support.
sl - 293, 1st tgt - 330, 2nd tgt - 340
balkrishna ind looks bullish in short to medium termin weekly it is in strong uptrend,
in daily, hammer formed at uptrend channel support + horizontal support, price should reverse and go up from here.
sl - 1573, 1st tgt - 1732, tgt2 - 1800
Ascending Channel on Nifty - IntradayAscending or Rising Channel pattern on Nifty and it may break the channel on downside or may break on inside channel. Levels are mentioned by Pivot Points.
Will it Make or Break the Ascending Channel on Bank NiftyWill it Make or Break the Ascending Channel pattern on Bank Nifty. Principles of Ascending Channel - the price will break on downside and leads to fall. On here, bear doesn't have the strength to fall or make a big movement on downside. Probability, the price may pull up inside the channel.
Note: I am giving the levels according to the pattern principle.
Trade:
Short level - 24000
Level 1 - 23950
Level 2 - 23900
Level 3 - 23850
Stop level - 24060
tata power looks bullish over medium termprice is moving in an uptrend channel in weekly time frame.
Recently morning star candlestick formed at the channel support, and price is reversing , so 1st tgt - previous swing high - 90.5, and sl - below the channel support - around 76.7 .
gail looks bullish in medium termgail is moving in an uptrend channel in weekly, and now at channel support, also hidden bullish divergence is seen.
so sl - below the channel support - 342, and 1st tgt - previous swing high - around 425
finolex cable looks bullish in medium term. it is in a strong uptrend in monthly time frame.
in weekly, price recently bounced from uptrend channel support and horizontal support.
Also hidden bullish divergence seen in weekly.
so sl - 447, tgt1 - 551, tgt2 - 590
Motherson Sumi: Lurking in the channelHello fellows,
Thanks for your support.
Notes on the chart. A probable shorting opportunity into the resistance. I will wait for a bearish pattern; or spiking volume with either barely minimum or negative price action on upside.
Your likes do motivate for better posts.
Best Regards
Afraidtotrade
STAR Buy Bullish 3LR at Channel !Ascending Channel offers simple trade on both the edges or for the trend follower only long trade on lower boundary. The stock has shown strength on 20.03.17 forming a bullish 3LR pattern and any retracement could be used to enter long trade. Stop loss 1118 on closing basis target 1200.
Flag Breakout BuyThe stock has nicely formed Flag pattern and gave breakout with increased volume today. One can buy the stock with appropriate stop loss and look for a target in the range of 340 - 350. If we consider the Ascending Channel and its target also, the prices may climb up to 360 so one can continue with trailing stop loss. Wishing all profitable Trade !
Auropharma Long :Cofluence of linesThe stock has broken short term trend line and now testing is from above, later it has formed an Ascending channel and is at the lower boundaries being the confluence of both it is offering a beautiful entry for long. one can go long with Stop loss of 652 on closing basis for target of 720 reasonable risk to reward ratio.
