Descending Channel on Berger - will it break or make ? Trade: Long Entry - 257.80 Target - 267.50 Stop loss - 249.50
Notes on the chart. Hit Like/comment Trade Safe, Be healthy Apply your own due diligence before trading. Regards Bravetotrade
in weekly time frame, morning star is formed at the horizontal support zone which coincides with .618 retracement of prior downtrend. Also in daily time frame there is a breakout from downtrend channel with good volume, It seems trend reversal is done here and price should move from now on. here sl should be - 102 (below morning star low), 1st tgt - 131...
Will 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. ...
channel breakout with good volume, in 4H time frame. in weekly time frame it is in strong uptrend. sl - below swing low - 508, tgt - previous swing high - 555. also there is a cup n handle probability in daily
We dun know yet that whether this course of action will be followed or not but If and when the price breaks out of the channel, below the the moving average, one can look for an aggressive entry at the first bullish sign in the anticipation of a breakdown failure. The trade is riskier but that's the beauty of this trade. Or else if the price breaks on the upside...
Hindalco has been struggling to Break out of the Range since months on Daily TF, but this time theirs high probablity of breaking out of the range looking at the maturity of the pattern on Daily TF. The Channel as well as The Ichimoku Cloud has been broken out on 15 min TF. After the open on Monday, Hindalco may test the 200-201 level which is a strong area to...
Reasons to Short : 1. Cloud Breakout 2. pullback at 38.2 Fib Level 3. Resistance at 50 period EMA 4. Wicks at 1162 Resistance level. 5. Evening Star 6. Downtrend, obviously :) Entry, SL, Targets are as plotted on Chart.
Stated our reasons in Bhel chart itself, if you have specific queries then drop in, No worries :)
The extended Bull run may have a hearty laugh at bears today unless the market opens gap down or break of trendline happens. Nifty is expected to go around 9180's n face resistance , with some bear confirmation , short positions can be initiated. But the Bear trend gets confirmed on break of red trendline. Else, Bulls will close the market with extended rally...
The pattern is simple and clear so doesn't require much details. After breakout it is retesting from the above which could be an opportunity to go long with small stop loss. It has also broken the down sloping trendline.channel and trading above it convincingly another confirmation for a trend reversal. One can look a target of 357 - 370.
RPOWER has given medium term breakout at 48.75 trading in upward channel watch near 48. can go long for target 53+ stop loss close below 47.
It looks, Bharat Forge bounced off from Channel Support and 50 day moving averages. Near term target is 1110 with stop loss of 1000
It is been observed on Daily Chart that the price action breaking out from a downward trending channel consolidation, indication of a bullish move ahead. Target 1: 171 Target 2: 175 Stoploss: 164
Given channel breakout on daily chart & about to re-test the trend line. On the other hand, A Shark ( Harmonic Pattern ) is on the making & it may be a good trade if we can get it around 11.5 to 12 ( if price action supports). Stop loss would be below the green zone & Targets shown in the chart.
It is been observed on the daily chart that the price action firstly forms a double bottom at 1140 levels and then went up and breaks above the previous resistance of 1215 levels. Then it consolidates in a downward channel or flag formation and now it has broken and closed above the channel/flag indicating further bullish move ahead. Target: 1250 Stoploss: 1200
Tomorrow is crucial day for banknifty. if it broke the channel downside then we will see heavy selloff. If not then it will remain in consolidation zone(19220-19100). Breaking upside is rare possibility. I will trade only short side for tomorrow.