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Channeltrend

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
INFOSYS : MILLION DOLLAR STOCK TO KEEP AN EYE FOR MED TERM HOLDOne of the Most Prestigious Brand of Country Infosys Ltd a high Value stock to be kept on radar for next two or maximum trading sessions. The stock is near its 52 Week low and at Support level of the Channel it is respecting since April 2022. CMP is 1389.20 and after rising from the demand Zone , it was moving in a range and then declined sharply today. However, price invalidation can be seen in today's trading as the fall in price is not in proportional to the Volume. Must be an affect of Weekly Expiry or affect of the news Infosys was into today. I believe it is just retesting the support at 1365.80 and will bounce back from the Demand Zone. RSI : 40.05 ( Low ) is also indicating a buy signal. We must enter the trade after retesting of the support is completed and we see a buying signal. Thus ,the stop loss will be the least i.e. support @ 1365.80 and the long term target would be the Supply Zone which is @ 1663.50 Kindly refer to the Chart for various analysis along with Targets and Stop Loss . I will update the idea once the stock retests the support and indicates buy Signal. However, the above analysis is not for actual trade. It is only of educational purpose . Please carry out your analysis on this idea and trade at your own risk. Do not forget , STOP LOSS IS MUST !!! Good Luck !!!
NSE:INFYLong
by chakraveer1104
MFL add to watchlista promising setup but one needs to catch it on green closing above the previous week for best entry for trading and if one wanna buy a great R:R can enter at cmp but with strict SL SL will be closing basis below support zone in weekly timeframe or as per your setup target as per fibo level one can take a sum of profit or trail as per fibo level or there own setup one thing keep in mind its a weekly chart all the target must be follow on weekly basis do u own analysis i might be wrong i am not a sebi registered advisor so trade on your own risk
NSE:EPIGRAL
by suhailafzalkhan
Mid-week nifty updateMid-week nifty update (17 Oct,22 to 21 Oct,22) Nifty showed continuous strength for past 3 days now. A continuous upmove of 500 points from 17100 lows to 17600 highs now requires some stagnation or even a fall from current levels. So I am expecting a fall till 17350 atleast and from there on nifty can again move upside. Also a short will only be done, if nifty opens below 17550 for next 2 days straight. An opening above 17550 will again give nifty some strength and it might hover on the upside to sideways movement or might reach the highs of parallel channel. I will trade according to marked levels. Happy Trading :) Disc: Chart posted only for learning purpose.
NSE:NIFTYShort
by architk