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.
Do not trade in between 37800 - 37550
Buy Above 37800 for the Targets marked on Chart
Sell below 37550 for the Targets marked on Chart
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price...
Moving in channel and it could break upside as far as Im expecting.
Wait for confirmation and Goo.
Please like and support if you find this analysis any good
correct if somethings could be improved
thanks.
