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Ascending Channel

Texrail Ascending Channel BreakoutNSE: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 above Ascending channel can idicates Uptrend continuation with aggresive upper target. Breakdown below and ascending channel can indicate a possible trend change. Use : Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals. How to trade ? 1. Breakouts : Trade breakout of channel. 2. Support and Resistance : Trade reversal if back from Resistance or Support. 3. Breakdown: Trade breakdown of Channel. Trendline : Weekly Trendline Breakout - 4 December 2022 Ascending Channel Support Zone: Successful accumulation can be seen Ascending Channel Resistance Zone : Tested 3 Times. 4th time boom and back in the channel. 5th time inside Resistance zone indicates Possible breakout. Traget 1 = 60 Target 2 = 62 -63 Target 3 = 74 - 77 Target 4 = 90 + + + + + + + How to Trade ? 1. Buy Set up - Trade Breakout : Buy above Red Ascending Channel Breakout. 2. Risky trader can buy >= 46.40 3. Inside Red lower zone sell intraday or short term with target at least 3% Stop loss: LONG OR BUY 1. Long term stop loss not more than 4% 2. If buy at 46.40 stop loss 44.50 3. Intraday stop loss for short not more than 1.28%. Target For Long term buy : Traget 1 = 60 Target 2 = 62 -63 Target 3 = 74 - 77 Target 4 = 90 + + + + + + + Reentry criteria: If fail or forget to enter or sl hit reenter with the same logic. Intraday stop loss 1.28%. Long term stoploss 4%
NSE:TEXRAILLong
by FalgunPrajapatiTrading
POSSIBLE 52 WEEK HIGH BREAKOUT IN BAJAJ AUTO DAILY CHART???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 bulls. And now stock is testing it's previous 52 Week high price 4050. It is better to take entry when price closes above 4050 and we can see a bullish rally once price closes above 4115 with Stop-loss of 3880.All possible targets are given in the chart. Situation 2 If it is coming for retest , we can take position around 3950 and stop-loss remains same i.e. 3880. Take entry with proper risk reward and position sizing is also important for these kind market. Therefore wait for proper breakout candles which is supported by volume. This is just a view, not a recommendation to trade. Do your own analysis before taking any trade. NSE:BAJAJ_AUTO
NSE:BAJAJ_AUTOLong
by KaravaliTradingZone_Official
Possible Channel breakout in Garware TechnicalWe 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 close above 3279 in a daily time frame. 2) Stop-loss can be at 3005. 3) All possible targets are mentioned on the chart. This is not a recommendation. Do your own analysis before investing. Please let me know your view on this trade in the comment section.
NSE:GARFIBRESLong
by SWING2TRADER
Mahindra &Mahindra ALL TIME HIGH!!!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 the bearish trend, the short-term EMA is below the long-term EMA. Here Short-term EMA i.e, EMA 12 is above the Long-term EMA which is EMA 50 which depicts the trend has been bullish. The RSI have showing divergence on multiple time frames. Disclaimer: This post is meant for learning purposes only. Invest your capital at your own risk.
NSE:M&M
by Immature_Snorlax
Affle - ascending triangle pattern Affle is constantly making higher highs and higher lows. Price is forming an ascending triangle, which is form of a bullish set up. Interpretation: Price moving high in a narrow range, increase in share price means that buyers are interested in buying a stock even at increasing price, which indicates a bullish anticipation in buyers. Price is also showing 2 more bullish signs: 1. Price taking support from key moving average: 20 Day EMA 2. Key moving average cross over : 20 day Ema has crossed 50 day EMA from below, on 31st march. Keep an eye on stock and add to your watch list. Any close above 1295 can lead to potential target of 1340, 1412, 1480 in order. Check your risk appetite and pick safe targets accordingly. **********
NSE:AFFLELong
by warrenwaytrading
INDIANBANK -Potential Cup & Handle formation + Ascending ChannelThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:INDIANBLong
by TradewithAditya