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Channeltrend

KINGFA SCIENCE is showing some good SIGNS- Company is almost debt free. - Company has delivered good profit growth of 27.0% CAGR over last 5 years - Company's median sales growth is 23.0% of last 10 years Kingfa Science & Technology (India) Limited, a subsidiary company of M/s Kingfa Science & Technology Co. Ltd China, is engaged in the business of manufacturing and supply of high-quality modified plastic compounds for automotive and consumer products and personal protective equipments like masks and gloves. The Co serves the Indian market, and exports to the USA, South Africa, Thailand, and China.
NSE:KINGFALong
by CannySunny
4
Trygin Tech bullish BO of 14 Month long Consolidation A bullish breakout of 14 month long consolidation in NSE:TRIGYN . Daily & Weekly RSI both are in bullish zone. One can crete fresh position in NSE:TRIGYN at 122 or below with a stop loss of Rs. 110 for 1st target of Rs. 133 and 2nd Target of Rs. 144 The risk to reward ration is 1:2 Exit the position if the stop loss triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:TRIGYNLong
by raigvivek
28 Aug ’23 Post Mortem on Nifty - critical juncture 19310Nifty Analysis Contrary to the expectations, today turned out to be a boring day. The open was right at the SR level of 19310, still it was gap up as our prior close was near 19250 levels. Even then the resistance breach did not come then, we had to wait till 11.15 for a 5mts candle above the SR zone. BankNifty was looking in tremendous form today, we will discuss that separately in the analysis below. Due to this Nifty was also staying afloat, the real breach of resistance came at 12.30 only. And it looked like we may break out from the channel today. But by 14.05 it became quite clear that we will not have a break-out today. Surprisingly Nifty gave a final close below 19310 which still gives hope to bears. On the 1hr chart - things are still not clear. There is an overlap of 2 technical patterns. 1. Walling wedge 2. Bearish channel Most importantly the 19310 support/resistance stands in between. A break in support may cause Nifty to follow the bearish channel. Whereas a breach in resistance will give Nifty breakout momentum as it exits the falling wedge. I wish to go with a neutral stance for tomorrow till we get some clarity.
NSE:NIFTY
by viswaram
Ambuja cement to take long entryLong Ambuja above 450 for the target level of 482-500. All important levels have been marked on the charts. The logic behind the trade: 1) Stock price rising from the lower channel. Bullish candles have been seen from the support of the channel. 2)Entry after the BO of 50 EMA level. 3) Support taking from 200 EMA level. Also, volume & RSI divergence will lead to a High probability that the stock will bounce back. This is for your educational purpose only.
NSE:AMBUJACEMLong
by Tech_stock_trader
4
Chart pattern: ChannelA channel is a pattern used in the technical analysis of financial markets that defines the movement of the price of an asset between the upper and lower lines of the pattern (parallel lines). Channels can be bullish, bearish, or sideways. They are reversal patterns, meaning they indicate a signal for a change in trend. When it comes to trading them, there are different ways to do so. We can trade within the channel, aiming for the opposite end of the line we are situated on. Alternatively, we can trade the trend change. The trend change can be traded once the channel is broken, either within it or by waiting for the price to break the pattern. This latter option is riskier, but it can lead to greater profits as the trading begins at a point with a higher projected movement. (🇮🇳)
NASDAQ:AAPLEducation
by JRiquelmeTrading
NIfty possible levels for today. 17/07/2023Good Morning Traders, NIfty Trading in bullish ascending channel, chances are high that nifty should return to test lower range of the channel, but as of markets are highly bullish may be we can see some breakout for upside, but according to price action, this should return from here, and should go towards 19500-19450 levels. But if this give breakout then we can see another new high in today's session. Okay let's see what is going to happen, we will take trade according to price action. Important levels for Nifty:- Buy Nifty above 19615, if levels sustain at least for 15 mints. Target we can see 19698/19747 Keep stop loss at 19566. Sale Nifty below 19566, if levels sustain at least for 15 mints. Target we can see 19511/19432 Keep Stop loss at 19615. Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
2
Banknifty spot heading to channel top...!!In above 30 min chart of banknifty we have given elliott wave count. Banknifty made high near 44499 and when it made high that time macd and rsi both shown negative diversgence which given a hint of coming correction in banknifty. This correction is started in form of wave ABC which seems completed near channel support of 43345 where macd and rsi both given a positive divergence which giving hint of correction is completed on down side and soon may resume upside move. Currently banknifty is paused near the middle of the channel which confluences with 200sma at 43887 and important fib ratios as shown in chart. Banknifty moving above 200sma will give boost too bulls and doors will open up for channel top 44300. NOTE : We are assuming that correction of Wave ABC completed at 43345 and impulsive wave 1-2-3-4-5 underway of which wave 2 is on .. once completed sharp wave 3 to start (crossing of 200sma will hint the same)
NSE:BANKNIFTYLong
by MDstockmagic
J K Cement Analysistechnical analysis of J K Cement: -The RSI is at 53.7, which is considered neutral. -The MACD is positive and rising, which is a bullish signal. -The ROC is positive and rising, which is also a bullish signal. -The 50-day moving average is at 3052.56 and the 200-day moving average is at 3138.38. The stock is currently in a channel pattern in the daily time frame. The price is currently moving up and could be either wave C or wave 3 of an Elliott wave pattern. If the price continues to move up, the next target could be 4100. It is important to note that these technical indicators are only a snapshot of the current market conditions. They can change quickly, and it is important to keep an eye on them for any changes. fundamental data of J K Cement: Market capitalization: ₹23,213.7 crore EPS (TTM): ₹10.71 PE ratio (TTM): 16.07 Dividend yield (TTM): 2.05% Revenue (FY22): ₹11,478.9 crore Profit (FY22): ₹1,831.8 crore Here are some additional factors that could affect the price of J K Cement: Economic conditions: The overall health of the economy can have a significant impact on the price of stocks. Competition: The level of competition in the cement industry can also affect the price of J K Cement. New product development: If J K Cement is able to develop new products that are in demand, this could lead to an increase in the price of the stock. Mergers and acquisitions: If J K Cement is involved in a merger or acquisition, this could also affect the price of the stock. Overall, the technical indicators suggest that J K Cement is in a bullish trend. However, it is important to keep an eye on the overall market conditions and other factors that could affect the price of the stock.
NSE:JKCEMENTLong
by Ajay7871
BHARTIARTL UNDER BEARS SPECTRUM !!!!Chart Patterns insist me the above titled opinion REASONS 1. BhartiArtl has been trading inside a Ascending channel pattern(bright red & green trendlines )and right now down swing move is under process(in the form of descending channel) 2. In the weekly time frame , it looks alike a Bearish pennant formation and given breakdown out of consolidation(shown below) 3. In the daily timeframe , Head & Shoulders pattern too visible (shown below) 4. There is Consolidation zone(in form of a rectangle box). 5. SL can be day candle closing above 796 (candle escaping out of the box) 6. Target - 730,717,700 7. Strong support down near 675 levels(rectangle box shown) Let's see how it moves!!! NOTE - Just sharing my view....not a tip nor advice!!!
NSE:BHARTIARTLShort
by mmjimm
Nifty May be a Nasha, but Sensex is the Sober Reality!Attached: BSE Sensex Daily Chart as of 25th April 2023 Yes you read the Title of this Post correct, to put it simply: Nifty is Deceptive but the Sensex is Truthful In the above BSE Sensex 30 Chart, we see that Price is facing Resistance at the Channel Trend Line drawn from the December 2022 High. There are presently 3 touch points already for the Channel and today marks the 4th touch point. So the Trend Down is still maintained going by this and NO Valid Breakout has taken place. While if I look at NSE Nifty 50 Chart, I cannot spot any such Channel that connects the Highs to give such a clean picture like the Sensex is currently giving us. So the Question is: Nifty or Sensex: Which Stock Index Should You Trust? My Answer: Trust the Truthful Sensex
BSE:SENSEXShort
by T_Harth
DELHIVERY : OPPORTUNITY TO ENTER INTO 3rd WAVE OF TREND REVERSALDelhivery Ltd , India's Popular Supply Chain and logistic company , with a Market Capitalization of More than 24,000 Cr seems to be ready for a reversal trend. Since , Jan 2023 , it is making support for the second time now. Going with the Elliott Wave theory , as shown in the chart , the stock is entering into the 3rd Wave of the uptrend , which is supposed to be the longest of any wave . The stock seems to be moving in channel also as shown in the chart. As the stock has shown some improvement from its lowest ever price, and RSI is crossing 50 from below , therefore the probability of trend reversal is high. For swing traders, it is the best time to enter the trade and making the latest support as base. We can see stock moving to at least three targets as shown in figure of 355.90 , 375.20 and 390.50. The second swing that is 321.30 would be our STOP LOSS , CMP is 337.10. Hence we have a risk reward ratio of 1: 3.5 . Please remember , this research is only for educational purpose and one must do their own research too before making any trade. Trade at your own risk. Best of Luck !!!
NSE:DELHIVERYLong
by chakraveer1104
9
TATA STEEL : BUY NOW AT SUPPORT LEVEL TO HOLDTata Steel Limited is an India-based steel manufacturing company. The Company is engaged in the business of steel making, including raw material and finishing operations. The stock CMP : 106.30 is currently reversed from downtrend and retested support @ 103.20. There are two formations, one is parallel channel and the second is Symmetrical Triangle Pattern. The stock is at support in both patterns. Appropriate time to enter the trade with least Stop Loss @ 103.50 or 102.25 for targets as 111.20 , 118.90 , 124.40 and 133.10 The positive trend in Nifty Metal , is favoring the trade and Once , 50 EMA crosses over 200 EMA, we may see sharp rise in the price. This analysis is completely for education purpose, please trade only after your own analysis and at your own risk. Best of luck !!
NSE:TATASTEELLong
by chakraveer1104