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
Hello 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
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.
The 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 !
The 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.
The stock is still in uptrend so one can enter long at appropriate level. It is forming an ascending Channel and now getting support at lower level. Yesterday retest offers a very good opportunity to go long by providing a small stop loss of 84.80 on closing basis. Target one can look at least 2.5 -3 times of the risk taken depending upon the entry tomorrow.
RCOM price movement are forming a beautiful upward channel. Today's touch at lower boundary offers a good opportunity to go long at this level. Low of last swing would be a good protection so could be used as a Stop loss. It offers a good possibility to reach the upper end.
NSE:HCLTECH - short term trade Green Line is a good resistance on the daily TF too. Blue Lines are the upward channel that's forming. Watch out for these and trade when a clear trend emerges. Will update the idea if I find one. Comments and opinions are welcomed.
NSE:ICICIBANK is trading a channel . See how it reacts to the edges and trade accordingly. Cheers !!
BSE:TATASTEEL is in uptrend and you can see the channels and zones in this chart. Trade accordingly. Cheers !!
Classical buy Uptrend Channel touch long trade is possible by risking a small amount. Stop Loss 194 on closing basis target around 220.
ITC is near the Channel Top and we can see Resistance at this Level
Hi Friends, We have cypher pattern (potential) in LT and the C to D leg is channeling right now. Even in the channeling we have 2 types - outerchannel (white) on current timeframe n innerchannel (red&whitelines which is 5min Intraday). So trade it as normal breakout trade but decide whether it's gonna be 15min or 5min check ur risks before entering the trade....