stock is looking good for breakout on daily time frame. has tested the channel multiple times and also formed cup and handle pattern. RSI is on raise and 50 MA has crossed over 200 MA. stock has also seen recent volumes. CMP 122.35. early entry would be above 125 and confirmed /safe entry will be on break of channel
Stock looks good buy above 125 with SL of 106.80...
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.
BINANCE:BTCUSDT
UPDATE With important levels to trade
View : Long term Bullish
Reason : You can check previous analysis for descending channel breakout.
Current Analysis : Range breakout Trade.
It can be clearly seen that BTCUSDT trying to break range.
Target 45800 - 47200 - 50000 - 50700 - 52600 + + +
Levels has been drawn for you to trade for short term...
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...
Possible Channel pattern breakout in Devyani.
Stock is at important Supply zone, today we can see a breakout candle which is also supported by decent Volume.
Stock has a potential to reach 250 range
(Channel Breakout pattern)
Stock has to close above 200 (Psychological price level) as well as today's High. If the follow up of candle close above these level,...
Channel Breakout in Route Mobile
For the upside rally Stock has to Close above 1500-1515 Range with good candle and volume.
Pattern Target - 2000 range.
For retest 1400-1450 act as support.
Ideal SL-1330.
Overall Analysis is given in the chart.
This is just a view not a recommendation to trade. Do your own analysis before taking any trade.
NSE:ROUTE
beautiful set up on chart, long consolidation... Channel BO candidate, double bottom candidate, RSI BO, RSI @ 69 (good) & Increase in volumes over the consolidation period...all makes it a perfect BO candidate..a perfect text book example!.wait & watch..will it give a BO?
Disc : Invested, not a reco for Buy/sell
GRANULES INDIA as per daily chart pattern analysis today has formed bullish candle breaking the first resistance level of 310 along with break the down trend channel. Stock should move uptrend with next resistance at 335 level.
MEGHAMANI ORGANICS as per daily chart pattern analysis is in the down trend channel and so far it tried twice to break the resistance level and thrice taken the support level. And on 26.11.2021 it has made strong candle. After breaking the channel once it crosses above 118 level then target 125 level. Considering market weakness be carefull in entering any new...
NSE:IFBIND broke a minor consolidation zone and is heading for a target of 1500.
Area of entry would be in between 1250 - 1300 and Stop loss can be 1100
Supporting factors
1. Huge Volume on Breakout
2. No Major Resistance until 1500
This is for educational purpose only .
One should consult his advisor and should take decision if they want to invest .
As one can see there’s a Ascending triangle and a channel breakout.
One can buy at Current price of 1457 with a target of 1500 , 1525 and sl of 1350.
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