ZEEL has formed an doji/harami pattern inside descending channel. Can go either way.
Long idea -
Entry - 506.4
Target - 515
SL - 499.15
Short idea -
Entry - 499.15
Target - 487.35
SL - 506.4
The 1-hour chart of EUR/USD is currently in a descending channel formation.
The trend line also coincides with 200 SMA which could acts as strong resistance.
As per our analysis,we expect a strong selling pressure immediately.
On the contrary,if it breaks the resistance,we can expect short covering too.
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.
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''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
