BankNifty Analysis The trades on BankNifty were more practical and appropriate to the situation we have at hand. 4mts chart link - click here We opened in line and then tested the top of the ascending channel from 10.03 to 12.03. There was rejection at those levels which took BN quickly to the bottom of the channel. We spent 13.43 to 15.11 at the lower end...
Nifty Today Analysis Recap from yesterday: “The price action on the 63mts TF does not look bearish per se. But notice the weight of the RED candles — we retraced right up to the ascending channel top envelope.” 4mts chart link - click here Nifty started the day on a negative note fell to 20976 and then started recovering. The recovery was so strong and...
Nifty Analysis Recap from yesterday: “After surging past the 20875 levels — N50 is not willing to take the rest. We broke out from the ascending channel, now it has formed a trend line well above that — how do I explain this craziness to someone? For tomorrow the bullish stance continues and the first support level will be 21407.” 4mts chart link - click here...
Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Rising Channel 📌 Symbol/Asset: DELTACORP 🔍 Description: Stock is consolidating from few weeks around 130-140 Stock is now going up in a Rising channel and we can see stock is bottming out here Stock can see huge momentum from here on 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell...
Nifty Analysis Recap from yesterday: “My stance continues to be bullish with the first support level revised to 21341. All we can do now is trail the stop loss and let the winners run. 4mts chart link - click here Nifty was absolutely trading in a narrow range with minor dips. More action was visible on BankNifty today which nudged me to go for a status change...
#finnifty Sector Analysis (1W TF) Pattern: ASCENDING CHANNEL BREAKOUT - Breakout of Resistance - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Rising Channel 📌 Symbol/Asset: DELTACORP 🔍 Description: Stock is going up in Rising Channel. Stock Can take a support around the support or around the Law of Polarity. We can see huge upside once support is intact. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Lykalabs getting ready for bullish reversal can look for tp od 180 with sl of 85 on dc basis
1. Trend - Bullish 2. Pattern - Uptrend Channel 3. Strength - Under consolidation 4. Market Aliment - Yes
A short term bet. Upward channel. Making a nice base and showing reversal signs. So I expect some momentum in immediate upcoming sessions.
Hi, An inverted Head and Shoulder pattern is emerged on the Daily Chart of NSE:KCP with good volume. One can create a fresh position in the scrip at 115 with SL of Rs. 105 on closing basis for 1st traget of 125 and 2nd target of 235. The risk to reward ratio is 1:2 Exit the position if the stop loss is triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE...
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. Ascending Channels: How to Trade This Technical...
Reliance is at bottom of rising channel on daily TF, good to take risk and trade with a small stop loss. Target 1 -2862 & Target 2- 3200. Stop loss 2300 on DCB.
An ascending channel is used in technical analysis to show an uptrend in a security’s price. It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively. Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals. Script = Tata Steel Time...
IXIC index CMP 13550 Today index registered high around 13594 levels. Ascending parallel channel resistance around 13580-13630 levels. Bearish divergence on RSI, with respect to price. Index if not able to sustain at higher levels, can give sharp reversal. 1000-1300 lower side possible as per channel structure. Bulls time to be cautious
KBE the ETF for the banking sector has had increasing trading volumes since early March. It was in a downtrend with the banking crisis apparently precipitated by the decreased value of fixed yield bonds and treasuries as interest rates were raised. Things have since stabilized with a pause in the rate increases in May. As seen on the 4H chart, KBE in early...
BUY - IIFL FINANCE LTD CMP - Rs. 445 Target - 1: Rs. 560 Target - 2: Rs. 650 Target - 3: Rs. 770 . . Technicals - Ascending Channel BO . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BUY - VISHAL BEARINGS LTD CMP - Rs. 126 Target - 1: Rs. 205 Target - 2: Rs. 295 . . Technicals - Ascending Triangle BO . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!