Descending Channel

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ParamjitMahapatro ParamjitMahapatro TATAINVEST, D, Long ,
TATAINVEST: tata invest looks bullish in short to medium term
55 0 5
TATAINVEST, D Long
tata invest looks bullish in short to medium term

in daily, price broke out descending channel with good volume, in weekly, hidden bullish divergence formed in weekly, https://in.tradingview.com/x/rC193QyX/ with sl - 827, 1st tgt - 1000, 2nd tgt - 1200

GSKASAR GSKASAR LICHSGFIN, D, Long ,
LICHSGFIN: #LICHSGFIN - Falling Channel
55 0 1
LICHSGFIN, D Long
#LICHSGFIN - Falling Channel

LICHSGFIN is trading in a downward-sloping channel for the past six months. Today it has given short-term breakout above swing high of 577 which coincide with 50-day SMA. It has now resistance around 590-591 trendline zone. It needs to close above falling resistance trendline for trend reversal which will take stock towards 660-675 zone.

GSKASAR GSKASAR INDIACEM, D, Long ,
INDIACEM: #INDIACEM - Downward-Sloping Channel
53 0 4
INDIACEM, D Long
#INDIACEM - Downward-Sloping Channel

INDIACEM is on the verge of breakout above falling channel on daily chart. It needs to sustain above 186-188 for confirmation of uptrend.

Bravetotrade Bravetotrade UPL, 60, Long ,
UPL: Bearish Butterfly in a Bearish Flag
233 1 14
UPL, 60 Long
Bearish Butterfly in a Bearish Flag

Notes on the chart. "Wish you all a very happy and prosperous new year" Just trade safe and stay healthy. Regards Bravetotrade

Bravetotrade Bravetotrade UBL, 240, Long ,
UBL: UBL: Potential For Upside
204 7 9
UBL, 240 Long
UBL: Potential For Upside

Notes on the chart.

ParamjitMahapatro ParamjitMahapatro AMARAJABAT, W, Long ,
AMARAJABAT: amara raja battery looks bearish in medium term
61 0 2
AMARAJABAT, W Long
amara raja battery looks bearish in medium term

In weekly, price broke horizontal support, then it bounced back to retest the broken support, which is acting as a resistance now. also price is at descending channel resistance. also double top pattern confirmed here, https://in.tradingview.com/x/R5Vw2KER/ it can slide down to 670, 640, 560 levels.

NIFTY: FLAG OR A DESCENDING CHANNEL
227 5 10
NIFTY, D
FLAG OR A DESCENDING CHANNEL

It is sometime hard to interpret a chart pattern because of the complexity.I am 23 years old might be having only few years of experience in the field of research but i have been studying technical analysis since i was 18.Today i am going to share some basic knowledge that i have learned in level-1 of Chartered Market Technician(CMT). ''Now some traders or analyst ...

Raja_Chart_Advise Raja_Chart_Advise NIFTY, D, Long ,
NIFTY: NIFTY (W)
41 0 1
NIFTY, D Long
NIFTY (W)

Pitchfork has opened up a new possibility of continued upward traction. A Runaway gap to start the week and a strong opening above the median line has opened up possibilities to head towards 10400 then a higher target at 10500. A big move seen in Nifty placing a stop below 10270.The challenege will ofcourse will be the event triggers that will keep the markets on ...

GSKASAR GSKASAR TATAMOTORS, D, Long ,
TATAMOTORS: #TATAMOTORS - Downward channel & Rising wedge
47 0 1
TATAMOTORS, D Long
#TATAMOTORS - Downward channel & Rising wedge

TATAMOTORS is trading in a downward sloping channel & is moving towards its upper channel resistance. On a shorter-term frame, it is forming rising wedge. Even though rising wedge is a bearish pattern, by looking at the structure it looks like upside breakout is on the cards which will take the stock towards its channel resistance.

ParamjitMahapatro ParamjitMahapatro EROSMEDIA, D, Long ,
EROSMEDIA: erosmedia looks bullish in short to medium term
96 2 6
EROSMEDIA, D Long
erosmedia looks bullish in short to medium term

In daily, price broke out of descending channel with good volume, also price is pushing above upper BB, and BB is expanding, sign of bullishness. https://in.tradingview.com/x/QSuDovDw/ 1st tgt - 245, 2nd tgt - 257 final tgt - 270 sl - 203

raj3elite raj3elite BERGEPAINT, D, Long ,
BERGEPAINT: Descending Channel on Berger - will it break or make ?
168 0 10
BERGEPAINT, D Long
Descending Channel on Berger - will it break or make ?

Descending Channel on Berger - will it break or make ? Trade: Long Entry - 257.80 Target - 267.50 Stop loss - 249.50

ParamjitMahapatro ParamjitMahapatro SUNPHARMA, W,
SUNPHARMA: sun pharma looks bullish in short term.
158 4 6
SUNPHARMA, W
sun pharma looks bullish in short term.

in weekly, price bounced from downtrend channel support, regular bullish divergence formed here. price should move towards channel resistance.

ParamjitMahapatro ParamjitMahapatro CNXPHARMA, W,
CNXPHARMA: pharma sector should recover now.
89 0 8
CNXPHARMA, W
pharma sector should recover now.

cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.

raj3elite raj3elite USOIL, D, Long ,
USOIL: Descending Channel on USOIL
167 0 8
USOIL, D Long
Descending Channel on USOIL

Descending Channel on USOIL and the price will move up, once the pattern get breakout. Trade: Buy above - 49.20 Target 1 - 51.50 Target 2 - 53.85 Stop loss - 47.10

ParamjitMahapatro ParamjitMahapatro ARVIND, D, Short ,
ARVIND: arvind looks bearish in short term
53 0 4
ARVIND, D Short
arvind looks bearish in short term

price reversed from downtrend channel resistance level. it should come down to the channel support level. sl - 386.5, 1st tgt - 355.5, 2nd tgt - 345. Note: this is not a short selling advice, as future trading is quite risky.

ParamjitMahapatro ParamjitMahapatro ZEEL, D, Long ,
ZEEL: zeel looks bullish in short to medium term
135 2 10
ZEEL, D Long
zeel looks bullish in short to medium term

there is a breakout from a downtrend channel with good volume in daily. Also BB is expanding and price closed above the upper BB. https://in.tradingview.com/x/YeXUfXwH/ sl - 503, tgt - 575

Bravetotrade Bravetotrade INFY, D,
INFY: Infy: The Big Triangle and the Range
135 6 10
INFY, D
Infy: The Big Triangle and the Range

We can say that the stock has been trading in a range (between 920 to 970) since June. A bearish channel can also be seen to have been broken for a bullish break yesterday. But the 970 level has been acting as a tough resistance for the stock . This time too the stock tested it and retraced. Only the future price action will show whether the reaction would be as ...

praveen.bhatiya praveen.bhatiya JSWSTEEL, D, Short ,
JSWSTEEL: JSW STeel Short : Descending Channel & Gap
82 0 6
JSWSTEEL, D Short
JSW STeel Short : Descending Channel & Gap

Price seems to be following the descending Channel. There was a gap down red candle 2 days ago. It has tried to fill the gap today but price got rejected at that level so it may provide a resistance and could be used as Stop Loss. Using all this information we can frame a short trade by risking a small amount the high of today and look for a target of lower ...

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