NIFTY moving in a downward channel with base formation at 16950 & resistance @ 17150. Price has to cross 17150 to give a meaningfull upmove. Below these levels nifty would be bearish / sideways.
INTRADAY TRADE - ANALYSIS OF SUN TV NETWORK Stock has run up fast in a narrow channel. Facing resistance at 543 levels. In Case price sustains above 543 levels after 9.45 AM. Then a trade can be taken with around 538 (Todays Closing) as stop loss. Other way round if price does not sustain above 543 levels then the same stock can be shorted as well. Do check the...
Downward Channel is breaking on the upside. target of 7 % from the levels mentioned in the chart.
This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum.
#granules Gave a very good close on weekly and a strong candle. Can buy in dips with sl of 300. #vr
Privi Speciality Chemicals - Channel Breakout Follow the target and SL.
Looking forward for the Long Position after the stock manages to close above its parallel channel. Buy NSE:APCOTEXIND at the End of the day after the confirmation of close above the channel line.
NSE:INDIAMART The price has given a breakout from the channel pattern. The breakout is with good volume. The MACD is bullish and RSI is above 50 showing good momentum. The MACD and RSI also showing the divergence from he prices which implies that this correction is over and bottom has been made. The view is for 6 to 9 months. SL levels is around 4165.60 and the...
Channel breakout in Sterling & Wilson Ltd. Earlier stock was trading in a sideways channel, now it has given a breakout with good volume. Price level of 310-315 should act as immediate support, in case stock is coming back for retest. For any further strong upside movement, price has to close above 326. All possible targets are marked on the chart. Maintain...
As you can see ascending channel already broken now just need to wait to let it break the level of 994 we expect a good fall.
Hi all, KIRLFER is in small consolidation pattern, and it is expected to break the resistance. Entry, Exit and Stoploss is given in the chart.
Hello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move can be expected in POWERGRID . Moreover it has...
Channel breakout in higher time frame then great consolidation then again breakout very good long opportunity
NSE:COROMANDEL INTRADAY - SWING - LONG TERM Date of analysis : 27 January 2021 Time Frame : 60 Minutes Graph Pattern : Double Bottom RSI Indicator : RSI Bullish Divergence Observation : 1. Accumulation between 745 - 750 2. Trendline Breakout in zone of 745 - 750 3. Important support 725 -730. 4. After channel breakout Trend will be bullish. 5....
NSE: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...
Channel breakout with good volume seen on upper sider. Stock ready for it's next phase
HCLTECH has been trading in the narrow channel range from almost last 6 months. The Channel was a descending channel. HCLTECH Was trying to break the channel from last few days- it was trading very little above the edge of the channel. Today HCLTECH has convincingly broken the channel. Once can LONG HCL with below details:- Entry:- 980-982 (Trade can be taken...
From past one year stock was trading in a channel and finally it has managed to close above this channel. Breakout happened on 19th Aug, today price have closed above breakout candle indicating a strong upside momentum in the stock. Price level of 270-260 should act as immediate support. All possible targets are marked on the chart. Ideal Stop loss can be at...