Get started

Ascending Channel

Ascending Channel Breakout Possible ? Traders, Stock is forming ascending channel pattern since JUNE 2020 , Which is almost 1 year pattern hence it is very strong long time pattern. Buyers watch closely on the breakout level , Sellers Watch closely at Stop loss level. Also as this stock is trading near 100 ( which acts as a psychological support/resistance) so consider this point also before entering any trade. This chart analysis was done by me just for educational purpose , all feedback/queries are welcome.
NSE:GPPL
by headymuk
1
XAUUSD - LONGDescription: The counter XAUUSD’s price started moving upwards in the ascending channel. The formation of the ascending channel indicates the counter is in the bullish trend. The price is still in the channel and there is no indication for a breakout. The buying pressure of the market may pull the price even more upwards. Already the counter is in the bullish trend and the trend is expected to continue further. The upward movement of the MACD indicator gives additional support to the description. The major levels for this counter are R2 – 1908.44 R1 – 1888.98 PP – 1870.58 S1 – 1851.21 S2 – 1832.72
OANDA:XAUUSDLong
by WohlstandMarketsLimited
SBIN: THE BANKER TO EVERY INDIAN 🔥SBIN: INVEST IN ONE OF THE UNDERPERFORMING SECTORS. Reason why I am very very bullish on "SBIN" 1) I have my personal Bank account with SBIN. 2) SBIN has formed acceding channel pattern, the stock has been trading within the channel since 2007, finally gave a BO with huge volumes. 3) SBIN has Strong Balance sheet. 4) SBIN profitability does very well as the economic cycle turns. 5) The credit cycle has just turned. Going ahead, there will be a lot of demand for money. The cost to income ratio of public sector banks is going to come down. There will be pricing power as there will be demand for money. 6) Morgan Stanley and notable brokerages have retained overweight rating on this stock. According to me, SBIN TARGET: 650 HORIZON: 6M
NSE:SBINLong
by Chinmayonniftyy
2
SUZLON is all NEW!BSE:SUZLON has been working on debt restructuring past few quarters. Mutual funds added Suzlon to their portfolio in march 2021. FII holding has increased from 3.1% to 4.2% in just one quarter. Vanguard holds 2.57% in Suzlon. All positive news flooding in for Suzlon suggests a "New Suzlon" is on the Horizon. Suzlon looks positive in long term if it holds up and above from the all time Low level. There is fresh Bullish movements in place while Suzlon keeps making Higher High(HH) and Higher Low(HL).
BSE:SUZLONLong
by Vikas_Narayana
GBPUSD - LONGDescription: After a fall the counter GBPUSD started moving upwards from 25th March and form an ascending channel. The price is still in the ascending channel and today the counter hit the bottom line of the channel at the price 1.3771. The formation of the ascending channel indicates the bullish trend of the counter and the trend is expected to continue further. The buying mode of the market may pull the price even more upwards. The stochastic indicator curves are at level 20 which gives additional support to the description. The major levels for this counter are R2 –1.3965 R1 –1.3894 PP –1.3848 S1 –1.3777 S2 –1.3731
Long
by WohlstandMarketsLimited
GOLD(XAUUSD)-BULLISHDescription: After a continuous fall for the past 30 days, the counter XAUUSD’s price started moving upwards and form an ascending channel from 12th March. The formation of the ascending channel indicates the counter is in a strong bullish trend. The previous entry of the counter was at the bottom line of the channel at the price of 1698.87. The buying mood of the market may push the price upwards. The current trend of the counter is expected to continue further. The MACD indicator curves give additional support to the description. The major levels for this counter are R2 –1747.74 R1 –1739.33 PP –1732.70 S1 –1724.18 S2 –1717.66
OANDA:XAUUSDLong
by WohlstandMarketsLimited