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Channelbreak

Is it time for Resuming the uptrend?The script has retraced to 61.8% and taking a support here for past week. It has also formed a descending channel after the bull run, forming bullish flag. Considering last 10 days, it is forming an ascending triangle. Breaking above the upper boundary of the channel + Upper boundary of ascending triangle, chances are that the script will resume its bull run to 127.2%. Enter the trade above 788 Target1: 854 Target2: 864 Target3: 880 SL 759.1 Any opposing thoughts are welcome, positive criticisms helps us learn. Disclaimer: This is for educational purpose only. Trade after consulting your financial adviser.
ALong
by muhd_nihal
BUY JSW ENERGY MEDIUM TERM @ CMP 75, Stop Loss 48, TARGET 110NSE:JSWENERGY was moving in in Downward Channel on Weekly Chart, and the stock broke this channel in the 1st week on September there after we witnessed a swift rally 81.70. Trading in better rewarding as risk is comparative lesser where you try to gauge reversal at channel extremes and take advantage of low stop loss during this reversal points. Channel breakouts on the other hand are extremely difficult to trade because stock has tremendous volatility and getting a proper entry during this high volatile period is a challenge. The ideal way is to wait for the initial volatility and euphoria to die down and let the stock consolidate and wait for channel role reversal of channel support/resistance . NSE:JSWSTEEL after 2nd week of September there was a correction with lower volumes and the stock test the support of the channel which earlier was resisting the stock. This should be an Ideal entry point. This is a medium term trade, from increasing volumes we can make out the participation phase. Duration should be 6-8 months for this and we can expect around 50% return on investment.
NSE:JSWENERGYLong
by RITESH_TMR
Will it Make or Break the Ascending Channel on Bank NiftyWill it Make or Break the Ascending Channel pattern on Bank Nifty. Principles of Ascending Channel - the price will break on downside and leads to fall. On here, bear doesn't have the strength to fall or make a big movement on downside. Probability, the price may pull up inside the channel. Note: I am giving the levels according to the pattern principle. Trade: Short level - 24000 Level 1 - 23950 Level 2 - 23900 Level 3 - 23850 Stop level - 24060
NSE:BANKNIFTYShort
by raj3elite