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Channeltrend

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
NSE:PELLong
by PrakWorld_Traders
BANK NIFTY ANALYSIS FOR 10-06-2021Do not Trade in between 35200 - 34980 . Buy Above 35850 for the Targets marked on Chart Sell below 35670 for the Targets marked on Chart Make Selling Entries only when the treadline will perform break down . If Market gives a buying opportunity , take the target only for the level of Upper Tredline . My View for the Market is Bearish for Tomorrow's Expiry . 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 Action ** Only for Educational Purposes ( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines ) PLEASE DO LIKE , COMMENT OUR POSTS .
NSE:BANKNIFTY
by ULTRA-TRADER
2
Will the Channel Prove itself Again?Will the Channel Prove itself Again? Nifty shows early signs of exhaustion after a series of positive daily closes. At yesterday’s session, the index slipped after teasing the psychological level of 12,000. Surprisingly the index faces this early resistances from the same old channel which lead the erstwhile sell-off in mid-September’20. Considering the underlying trend and momentum I do not see a serious sell-off from current levels but a short-term price correction is very likely which is healthy for the over-all UP trend. The sell-off of mid-September’20 came after a short-term bounce back in a down trend. But the current market situation is a lot different from that. So I do not expect any sharp sell-off, but some price consolidation for sure. Trade Well. Trade Wise.
NSE:NIFTY1!
by Abhijit_Paul