Ascending Channel
USDJPY PREFER LONGDescription:
The counter USDJPY forms an ascending channel on 05th February. Since the price is maintaining in the channel and it is still moving upwards. The previous entry of the counter was at the bottom line of the channel at the price of 104.40. The formation of the ascending channel indicates the buying mode of the market. The bullish trend may continue further. The MACD indicator curves give additional support to the description. Only if the counter’s price breaks the bottom line of the channel then there may be a chance of trend reversal.
The major levels for this counter are
R2 –105.41
R1 –105.17
PP –104.94
S1 –104.70
S2 –104.46
Shoppers Stop- Let's do some shopping Same old concept but worth looking at.
Resistance tested multiple times.
Stock creating higher lows.
Ascending triangle pattern.
Don't forget to checkout weekly chart as well. Most interesting part is volumes being generated in all these weeks.
Don't know who is generating all these volumes :P
Take entry only and only it stock stays at breakout level for 2-3 days atleast.
Keep an eye folks. Fingers crossed.
Bank Nifty - Ascending Channel formation at 15 mins time frameBank Nifty - Ascending Channel formation at 15 mins time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
HDFC - Moving towards Ascending channel resistance R3 at 4 hrsHDFC is moving towards Ascending channel resistance R3 zone at 4 hours time frame.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Ascending Triangle Pattern : Freshtrop FruitsBreakout above 81.15
and Close above 82
Target : 100, 140+++
Sl: 64
Risk is yours and Reward is too yours totally