#Bankofbaroda cash -Positional call
08 Jan 2024
Stock is at lower channel support
if hold yesterday low better
Looks good 228.10
and dips 224-225
(After crossing 230.10)
Tgt 238-240/248-250
SL 220
Cmp 224
YESBANK is stuck in a ascending channel for 6 months now. It has also tried to break the upside on 18.6 but failed to do so effectively. Bounce is expected from support. Also poised to break inverted H&S when crosses 18.6 with good volume.
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs.
Ascending Channels: How to Trade This Technical...
📊 Pattern: Rising Channel
📌 Symbol/Asset: OMINFRA
🔍 Description:
Moment Stock with Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Technically speaking, Persistent System has been in an upward channel for some time now so two types of trades can be initiated here: one is buying the stock when it closes above 5000 with stop loss at 4900 and targets at 5250-5400-5500. However, this should only be done if there’s confirmation from volume as well as closing filter applied for 2 bars closing...
On a big red monthly expiry day, it has taken channel support.
Forms a good risk reward ratio.
Can buy for targets 1160-1195-1240
Post breakout, targets of 1290-1365-1415-1465 possible.
Keep a SL of below 1080-90 closing basis.
*This is a view, trade accordingly.
*Trail your profits.
Firstly, Nifty Can Rebound From Weekly Channel, After Closing Gap At (17300-17400) In Daily Chart.
Secondly, Nifty Can Take Support At EMA(Exponential Moving Average)(17200) In Weekly Chart.
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more possibility is there for breakout.
From few months stock was trading in a sideways channel, now it has given breakout with good volume.
If we observe short-term chart, stock has already given a symmetrical triangle breakout for which final target is not yet achieved.
We can expect a good upside momentum if price closes above 905.
830-845 levels should act as strong support. Considering the...
Hello and welcome to this analysis
Like all PSU Banks saw a very good 2021 in terms of price performance thereafter in 2022 it went into a correction mode in line with market trend. The structure of the fall as can be seen in the chart is of a slanting channel currently.
If it manages to break above 235 then 244 is the 1st line of resistance, above that 255 is...
This script traded under the channel pattern and takes the support at Weekly trend line as well as channel support line.Target is the resistance of the channel pattern and stoploss is below the channel pattern support line weekly close.
DISCLAIMER:
I am not a SEBI registered person this is not an investment tips it's just for an...
Panacea Biotech Limited is touching monthly channel bottom.
Ideal holding period - 1-2.5 years
Projected gains = 200% - 225%
Stoploss on closing for 2 months below the channel.
** Material only for reference. Assess your risk before entering any positions.
