Ascending channel breakdown in COROMANDELAs 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.
Channelbreak
Kirloskar Ferrous Ind Ltd - Bullish viewHi all,
KIRLFER is in small consolidation pattern, and it is expected to break the resistance.
Entry, Exit and Stoploss is given in the chart.
CHANNEL BREAKOUT IN POWERGRIDHello 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 consolidated near the channel high many days before breakout.
Keep trading ❤️
Hustle hard ✅
Channel breakout in BATA INDIAChannel breakout in higher time frame then great consolidation then again breakout very good long opportunity
coromandel - Equity / F N O / Intraday - swing - long termNSE: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. Price action, indicator and pattern indicates possible Bullish move after channel breakout.
Intraday : 768 - 770 / or as soon as channel breakout/ or accumulation zone 745 - 750.
Stop loss : Not more than 2%
Target For short term / SWING = 466 - 780 - 795 - 800 (Strong Resistance) - after managing to break 800 underlying will move very fast
Long term Target - 466 - 780 - 795 - 800 - 815 - 880 - 910 - 950
Note : FnO Trader can go long in Future with Married Put strategy (Buy Future + ATM Put)
Texrail Ascending Channel BreakoutNSE: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 above Ascending channel can idicates Uptrend continuation with aggresive upper target.
Breakdown below and ascending channel can indicate a possible trend change.
Use : Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
How to trade ?
1. Breakouts : Trade breakout of channel.
2. Support and Resistance : Trade reversal if back from Resistance or Support.
3. Breakdown: Trade breakdown of Channel.
Trendline : Weekly Trendline Breakout - 4 December 2022
Ascending Channel Support Zone:
Successful accumulation can be seen
Ascending Channel Resistance Zone :
Tested 3 Times.
4th time boom and back in the channel.
5th time inside Resistance zone indicates Possible breakout.
Traget 1 = 60
Target 2 = 62 -63
Target 3 = 74 - 77
Target 4 = 90 + + + + + + +
How to Trade ?
1. Buy Set up - Trade Breakout : Buy above Red Ascending Channel Breakout.
2. Risky trader can buy >= 46.40
3. Inside Red lower zone sell intraday or short term with target at least 3%
Stop loss:
LONG OR BUY
1. Long term stop loss not more than 4%
2. If buy at 46.40 stop loss 44.50
3. Intraday stop loss for short not more than 1.28%.
Target For Long term buy :
Traget 1 = 60
Target 2 = 62 -63
Target 3 = 74 - 77
Target 4 = 90 + + + + + + +
Reentry criteria:
If fail or forget to enter or sl hit reenter with the same logic.
Intraday stop loss 1.28%. Long term stoploss 4%
[Positional] HCLTECH Long IdeaHCLTECH 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 now)
SL:- 913 (Ideally the SL should have been placed at 880-881 range i.e. the channel low, but am placing the SL at the mid of channel)
Target:-
T1- 1053
T2- 1116
T3- 1213
Target can be achieved within next 4-6 months.
Cheers,
Santosh
Channel Breakout in WockhardtFrom 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 230.
This is just a view not a recommendation to trade. Do your own analysis before making any investment.
Share your opinion in the comment section.
NSE:WOCKPHARMA
Channel Bo in Exide Industries daily?Channel breakout in Exide Industries
Stock has broken its previous major resistance with significant volume.
Also, we can observe a Inverted Head and shoulder breakout in hourly time frame. For further strong momentum in the stock, price has to close above 174 in daily chart.
Price between 165-170 is a good range to enter the trade. Stop loss can be placed at 149.
This is just a view, not recommendation to trade. Do your own analysis before taking any trade.
NSE:EXIDEIND
JAYBARMARU | Channel breakout + Decent demand zone - 40%JAYBARMARU | Channel breakout + Decent demand zone - Looks potential for 40%
CMP : 180 (Dip : 170)
SL : 150
Target : 245, 330
Almost 1:4 risk reward setup (First target)
Nifty - Next Target is 18000 and above ?? Nifty heading towards 18000 and more ??
Probably YES, as per technical it has broken the channel upper line with strong momentum and retraces at 17500. Also we can see RSI Divergence indicates the Strong reversal in the trend which is a good opportunity for swing/positional entry to go long keeping SL 17450 - Target we can expect another 500 Points move that is 18000 will be tested quickly.
RSI Divergence - When price makes lower low and RSI makes Higher low is the symbol for Strong trend reversal.
Possible Supply Zone Breakout in Anant Raj (W)Finally stock has managed to break above the previous supply zone which was sustained for almost 8 years.
For breakout confirmation stock has to close above 88 with good volume in the weekly chart.
In the hourly chart, the price has given a flag and pole breakout with the first target of 100. SL for the trade can be placed at 77.
All the possible targets are mentioned in the chart.
This is not a trade recommendation, Do your own analysis before investing.
Do share your views on this.
KIRLOSENG | Channel breakout - Looks potential for 30%KIRLOSENG | Channel breakout - Looks potential for 30%
CMP : 177 (Dip : 170)
SL : 155
Target : 220
1:4 risk reward setup
BANDHANBNK Breaks the channel #LONGBANDHANBNK after 3 months consolidation it breaks the channel with good buying pressure ...so plan to go for long (buy) position...keep stop loss below the trendline...target near upper resistance
ZYDUS LIFE breaks the Resistance Line ZYDUS LIFE breaks the Resistance Line and gives a retrace so we can go LONG (BUY) and keep stoploss below the suport line
Asahi India Daily [Watchlist Stock]Running in a parallel channel. Has tried to breakout multiple times only to fall back to the demand zone.
Will it give a breakout this time? Maybe, maybe not! Should you invest? I cannot provide an answer to this. That is for you to bet on!
You can risk a small amount by trading it now or you can wait for it to break and close above level 480 to initiate a trade.
Happy Trading!
Parallel Channel Breakout in Hikal LtdParallel Channel Breakout in Hikal Limited
Stock was trading in a channel from past one year.
Now we can see this channel has been broken with good volume and candle.
Stock has a potential to reach 500+ level in coming days.
Ideal stop-loss be at 240.
This is just a view, not a recommendation to trade. do your own analysis before taking any trade.
Share your opinion in the comment section.
NSE:HIKAL
PDMJEPAPER | Channel breakout - Potential for 25-40%PDMJEPAPER | Channel breakout - Potential for 25-40%
CMP : 45
SL : 40
Target : 58
Almost 1:3 risk reward setup (Based on Fib)
TATACONSUMERDescription:
Stockname :TATACONSUM
Chart Pattern : Uptrend triangle pattern
Time Frame :1D
Entry : Trainagle Breakout
Target: T1 :900 T2 : 982
All time high breakout in Astramicro Updated View
All time high as wells channel breakout in Astra Microwave Pr in daily chart frame.
Stock broke its important Supply zone with good volume and candle.
For the upside movement stock has to close above 313 Level with good candle & Volume.
There is high chance for a retest , if it is coming for retest then 290 level should be strong support and good chance for re-enter.
Stock has a potential to reach 380-400 level, 268 will SL.
This is just a view not a recommendation to trade. Do your own analysis before making any trade.
Share your opinion in the comment section.
NSE:ASTRAMICRO
15 years Channel breakout in Ruby Mills15 years Channel breakout in Ruby Mills.
Stock has a potential to reach 900 range in coming weeks.
For the further upside movement stock has to close above 587 range in a weekly chart.
Now, 500 range should act as support. 425 will be the ideal SL.
This is just a view not a recommendation to trade. Do your own analysis before making any trade.
Share your opinion in the comment section.
NSE:RUBYMILLS
CANARA BANK Channel breakout in canara bank along with some consolidation ,expecting some good upside move .....
