Adani power may move upto target(shown in graph). Wedge pattern breakout done already. Descending channel breakout may happen upcoming days. Both pattern shows same target only.
Vijayaraghavan,
Kovilpatti
In daily,
1. price bounced from horizontal support
2. price bounced from descending channel
3. Also it has filled the gap.
sl - 290, tgt1 - 328, tgt2 - 337
In daily, price took support at descending channel support line, also it has filled the gap.
https://in.tradingview.com/x/Ha9Hcm6z/
sl - 135, tgt1 - 155, tgt2 - 165.
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
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.
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.
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 ...
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 ...
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.
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
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
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.
