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
Ascending Channel
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.
PTC Long Low risk TradeThe 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 Buy Ascending Channel. 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.
HCL TECH - upward channel | resistance 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.
ICICI Bank - Ascending Channel NSE:ICICIBANK is trading a channel .
See how it reacts to the edges and trade accordingly.
Cheers !!
TATA STEEL - UPTREND BSE:TATASTEEL is in uptrend and you can see the channels and zones in this chart.
Trade accordingly.
Cheers !!
Uptrend Channel buy Hexaware!Classical buy Uptrend Channel touch long trade is possible by risking a small amount. Stop Loss 194 on closing basis target around 220.
LT: Cyphers & Channels - How to trade !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. When cypher gets completed we can take short positions in LT.
Happy Trading !
