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Channeltrend

Chambal Fertiliser a 6 month consolidation will it breakout ?Chambal Fertilisers and Chemicals Ltd. is another interesting chart to keep on radar with following 1. RSI on all time frames (DWM) is at or above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. ABCD pattern under formation on weekly chart with fib-extension targets of 639-694 4. 6 month long consolidation on daily chart within channel of 440-530 zone 5. Major Supports are as under: 20 SMA (weekly) 491 20 SMA (Daily) 478 50 EMA (Daily) 483 With cluster of supports in area of 478-492 lets see if it breaks out of its consolidation or continues its consolidation Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:CHAMBLFERTLong
by rajivrajeev
DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following 1. RSI on all time frames (i.e. D/W/M) above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase 4. ABCD pattern under formation on weekly chart 5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool Lets see How it evolves Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:DIVISLABLong
by rajivrajeev
Vijaya Diagnostics looks good Positionally. #tradeideas #Vijayadiagnostics. Medium/Long-term idea. 🟢Trying to Breakout From base. 🟢HH-HL structure intact. 🟢Good RSI. 🟢Good quarterly results. 🟢Trading above 50 DMA. 🟢Pharma/Diagnostics/Healthcare sector shows promise. 🔴Volume needs a bit more improvement. 🔴Weak Market and chances of fakeout. Please do not forget to: -Manage Risk /Position Size. -Respect SL ▶️Market Cap₹ ---10,521 Cr. ▶️Current Price---₹ 1,025 ▶️Stock P/E---78.5 ▶️ROCE---19.5 % ▶️ROE---17.8 %
NSE:VIJAYALong
by sagartharayil
Vlegov resilient in this weak market. Keep on radar. ✅Stock is trading in a channel. ✅Taking support at the bottom of the channel and 50 DMA ✅HH-HL pattern is not violated yet. ✅Stock in stage 2 backed with good volume. ✅Low volume when stock is pulling back. ✅Showing resilience in this weak market. ✅Part of Digital theme which could be the next big thing in India. ❗️Fundamentally not strong as of now. ❗️Showing resilience in a weak market doesn't mean it will never fall. ❗️Ideal entry was when the stock reversed from the channel bottom with a bullish Marabozu. ❗️Ideal SL from CMP is very steep. ❗️The market is still under the control of bears and we are yet to get a strong reversal sign. Keep this stock on your radar. Safe traders wait for Nifty to close above 25200 or let the stock break out of the current base. The breakout level is 181.26. Risky traders can try going long with limited quantity at CMP. Present market is FOMO inducing. Keep your FOMO under control. Risk management is the key, so please do not trade based on anyone's analysis. The point of sharing this chart is educational, and this is not trading advice.
NSE:VLEGOVLong
by sagartharayil
RVNL - Currently turning from the bottom support area. 1. **Ascending Channel**: - The stock has been following a larger ascending channel, indicating an overall long-term uptrend. - However, within this channel, a secondary descending channel appears in the recent period, suggesting a correction within the larger uptrend. 2. **Recent Price Action**: - The price is attempting to break out of the smaller descending channel within the larger ascending channel. - It is currently near the upper boundary of this descending channel. A breakout above this level, especially if it closes above, could signal a continuation of the larger uptrend. 3. **Volume Analysis**: - There has been a recent increase in volume as the price rises, which could indicate buying interest and possibly a reversal of the recent downtrend. 4. **RSI**: - The RSI is around 51.46, near the neutral 50 line, It is also trending slightly upward. If it continues to rise above 50, this would reinforce bullish momentum. 5. **Support and Resistance Levels**: - **Immediate Resistance**: Around the upper boundary of the descending channel, and a successful breakout would make the next resistance at the upper boundary of the broader ascending channel. - **Support**: The lower boundary of both channels is key, providing support if the price turns back down. ### Conclusion This chart suggests that the stock is in a potential breakout phase from its recent downtrend, while remaining within a larger uptrend. A strong breakout from the smaller channel and sustained movement above 50 in the RSI would strengthen the bullish case. However, a rejection at this level may lead to further consolidation or a retest of lower support levels.
NSE:RVNL
by brijmohan_h
AVALON TECHNOLOGIES - In a Range, Either side trade can be takenAvalon technologies is in a range of 654 and 530 The stock is trading in a range between 654 and 530. Once it moves out of that range, either up or down, it's very likely that the stock will continue moving for a while in that direction. Volume will be important, as always, so watch it.(please be aware and also just give a glance to the volume when 654 or 530 range is broken) Please like, boost, and support for more motivation to help others!
NSE:AVALON
by piyushbafna000
POONAWALLA - Ready for next swing?POONAWALLA is currently sitting at a support level it has often returned to. For the past three years, the stock has stayed within this channel. Right now, it seems like there’s a good balance between risk and potential reward if you were to invest. The company itself is performing well based on its financials and seems like a promising option. However, this is just a personal opinion. It's important to do your own research before making any investment decisions. This is not a suggestion to buy or sell the stock.
NSE:POONAWALLALong
by SwingtradesbyAbhishek
Axis bank AnalysisAxis Bank is currently trading within a defined price channel, showing a clear pattern of highs and lows. The support level near ₹1130 presents a key buying opportunity for traders, as the price has consistently bounced back from this level. This creates an edge for traders who prefer entering near support, offering a favorable risk-to-reward ratio. In this case, you can capitalize on the potential upward movement with proper stop-loss placement just below the support and targeting the upper channel range. Monitoring the volume near this level can also confirm a strong price action rebound. Consider pairing this technical setup with any relevant fundamental factors to strengthen the trade's probability of success.
NSE:AXISBANKLong
by ali000351
2
WILL BUY THE DIP SUPPORT BULLS & CAN BTC RECOVER TO 71K ?Earlier I discussed about double top pattern in making & captured the great free fall of more than 7,000 points. Now, Bitcoin can be seen taking support at important levels. Bitcoin is experiencing times of high fear, high volatility and negative sentiment among the traders. From a psychological point of view, this could end in a bullish momentum as I have seen in the past that such high volatility usually lead to trend reversal. For now, big buyers are actively holding back a possible fall amid transfers of the previously hacked crypto exchange to its debtors and BTC sell-offs by German authorities. In April, the average cost of BTC mining among the largest public miners was $53,000, technically, the level of average cost of BTC mining plays the role of an intermediate bottom. Judging by the growth of volumes and price entry into the area of the lower boundary of the "Flag or Megaphone" pattern, buyers appear on the market and at the moment stop the price fall, forming a sideways range of 53500-58500. Accordingly, a breakdown of one of the boundaries may trigger an impulse to one side or the other, based on the technical nuances there is a probability that there will be an attempt to break the resistance. Fundamentally, the environment is difficult due to news flow, but investors are waiting for the approval of ETH-ETF, which may bring back the bullish mood to the market (indirect impact on BTC). Technically, the emphasis is on the range. A break of 58500 will give bullish momentum, a break of 53500 may allow the price to decline to the 50500-51000 risk zone We can only analyze and make a trading decision but only the time will tell whether is it headed to 71K or below 50K.
OANDA:BTCUSDLong
by akshit_official
3
low risk-high return; min 30% ROI ; swingAdd this to watchlist and wait for entry.👁️‍🗨️ For short term investment ; Leave a " Like If you agree " .👍 . Wait for small retracement & daily candle to close above - "145". Avoid Trade untill ENTRY level. . Entry: 145 target: 168 - 195 sl: 138-128 major stoploss/ support: 960 . . Enter only if market Retrace and Break s "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer over old posted idea attached below.
NSE:LEMONTREELong
by TheNuraTrading
"Bank Nifty has broken all hurdles. Real breakout or fake?" Bank Nifty Monthly Chart Wave Analysis: June Candle: 2 more days left for the candle to close. Current Market Price: ₹51,575 We drew all possible resistance trendlines and channels, and Bank Nifty has clearly broken out above everything(just 3 days left for June candle to close), with the wave extending. Elliot Wave Analysis : Initially, we counted the October 2021 high as wave 3 in our past charts. However, the current momentum and breakouts suggest it could be wave 1, and we are possibly in wave 3 not wave 5th. REAL Breakout : BN will retrace slightly and then move up again with strong candles in the coming months and it shouldn't enter the big purple color channel and close below 50,100(July Candle closing). Buy on Dip: A good dip near 50,600-800 is a place to go long with a small stop loss below a 49900 day candle close. If entering at the current market price, the SL is the same. Possible Upside Targets : 53,700, 57,000 FAKE Breakout : The July candle will break the purple color fib channel, retest, and come down with huge red candles. The candle shouldn't close above the purple channel again. Sell on Rise: Sell only if the price breaks below the channel, around 49,900. In this case, short with a small SL. Possible Targets : 44,444, 40,000 Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:BANKNIFTY
by WaveMoku