Tesla Next Target is Top of the Channel +26% ROITesla, a Breakout occurred from the Triangle Pattern after reaching the 0.5 Fibonacci Retracement level, and it's also trading within a Channel Pattern. The Next Target is the Top of the Channel.
Channeltradiung
JSLThe stock is trading in a rising channel
Also follows 100ema closely.
CMP: 77
Support zone: 64-67
Target: 92, 110, 135
ICICIGI - Watch out for the Breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
BEL - Channel Pattern break - ATH🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
TATA COMMUNICATION - CHANNEL PATTERN BREAKOUTTata Communication Stock formed Channel Pattern which can be expected to breakout as bullish or bearish. So, we can expect the stock may go long or short.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
TATA CONSUMER PRODUCTS - CHANNEL PATTERN BREAKOUTTata Consumer Products Stock about to breakout from Channel Pattern which can be a bullish pattern. So, we can expect the stock may go long.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
PEL - Channel pattern breakoutPiramal Enterprise had taken a good breakout from its channel pattern and also retest done, so give an entry with appropriate Stop loss only after its breakout
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
DABUR - About to go downDABUR is about to come down, as it broke the channel pattern, retraced back and ready for a bigger move.
SHORT RISK/REWARDS are mentioned in the chart.
Target - 494.75, 480.15
SL - 507.8
TCS - 2 Months Target is 2360 rs.Bullish on TCS, with target of 2360 with stop loss of 2210.50
Long Risk/Reward Ratio - 3.
ICICI Bank: Is this the beginning of the end...???ICICI Bank
CMP 337
An interesting observation on a multi year chart
- we are looking at 13 year time frame for ICICI Bank
- each time ICICI Bank came near the upper end of the channel it has terminated its uptrend
- interestingly ICICI Bank has tested & terminated its rally at the upper end of the channel around January time on all the 3 previous occasions
- the correction thereafter has been of the magnitude of more than 30%
Why only January I don't know neither I'm interested in knowing. But what I'm happy about is it certainly helped us manage our trade.
And if you have been Following us you may have noticed that In our previous coverage on ICICI Bank
where we recommended a buy around 349, we twice highlighted to book at least partial profits around 380 levels - once around 377 on 8th Jan and then on 9th Jan at 382 odd levels. There were just mystery blue lines in there.
Well the chart above solves the mystery for you...
Going forward, on any pullback, level of 355-360 should be watched carefully and should not be breached on the upside.
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Take care & safe trading...!!!
