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....