Chart pattern depicts the situation clearly REASONS 1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly . 2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured) 3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel 4. Right...
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 = Axis bank Time...
RAIN INDUSTRIES : On Weekly Time Frame it shows break out is awaited within few days, may be in the very next week. If it breaks out (Whose probability is high as it is currently supported by 200 EMA) , long term target would be 340 with some resistance at 240. with a very small SL , one can plan a long-term profit booking from this stock. Stock PE : 4.50...
IPO Base Breakout- Fusion given cup and handle Ipo base breakout looking good for above target
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Arvind fashion running in a rising regression channel price trading running above 200 DMA stock getting volumes RSI taken support over 50 two time and running above and rising if stock again touches down side trend line then it will be good level for buying if down side trend line breaks down then can be more down side if stock breakout and sustain above trend...
GRANULES | Channel breakout ahead - Looks potential for 30% CMP : 323 SL : 300 Target : 425 1:4 risk reward setup
TIMETECHNO | Trendline + Channel + 200 EMA support - Trying to capture a 20% reversal CMP : 107 SL : 100 Target : 130 1:3+ risk reward setup
As you can see ascending channel already broken now just need to wait to let it break the level of 994 we expect a good fall.
NSE:TEXRAIL Pattern : Ascending Channel What is Ascending Channel? An ascending channel is the price action contained between upward sloping paralle lines. We can draw trendline by connecting Higher high and higher lows to form a channel. Support and resistance zone can be seen by connecting wicks. Ascending channel shows uptrend of an undelying. Breakout...
In the daily chart we can observe the stock was in a major consolidation phase from past few months. Recently 3980-4050 price levels were tested multiple times. Considering the time gap between these retests, bulls are slowly gaining control. Adding to this, recently we can observe a channel breakout near the major supply zone which suggest clear upper hand of...
We can observe price is moving in a channel. As the channel narrows down price started to move toward a higher range along with the support of the 20 & 50 moving average. Also, the price is taking support before reaching the lower end of the channel. If the price closes above 3279 we can expect a bullish move. Trade Set-up 1) We can buy if the stock manages to...
NSE:GUJGASLTD #NSE:GUJGASLTD formed ascending channel, high chances to bounce from support. Medium to long term. Happy LEarning !!
MAHINDRA &MAHINDRA has reached its all-time high Price in the Daily timeframe. It is moving in Ascending Parallel Channel from March month on Daily timeframe. On the daily timeframe, it has made four times flag and pole pattern and reached its target also. As we know, when the short-term EMA is above the long-term EMA then the trend is bullish and for...
Just saw a amazing uptrend line in Colgate always it gives respect to that it is a perfect example of ascending channel BEAUTIFUL CHART
sunpharma running in a parallel upward channel range, drown trendline on chart add to watch list and watch for channel breakdown or breakout expecting big rally after getting out from channel
NSE:PIDILITIND Head and Shoulder Pattern Breakdown. Avoid buying here. Major Support at 1900, followed by 1800 levels. for Long Term Investments, follow the channel pattern. Entry Price- 1800 Target1- 2200 Target2- 2500 Pidilite Industries is leading stock in chemical sector as well as it is a consistent performer.