In daily, price took support at descending channel support line, also it has filled the gap. sl - 135, tgt1 - 155, tgt2 - 165.
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
TATA MOTORS TRADING IN DESCENDING CHANNEL PATTERN, IF IT FAILS TO HOLDS THIS 372 LEVEL IT MAY TEST 300 LEVEL ,I THINK IT WONT BREAKS THIS 372 LEVEL , IT HAD GOOD SUPPORT AT THIS LEVEL
in daily, price broke out descending channel with good volume, in weekly, hidden bullish divergence formed in weekly, with sl - 827, 1st tgt - 1000, 2nd tgt - 1200
Powergrid descending channel short
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.
INDIACEM is on the verge of breakout above falling channel on daily chart. It needs to sustain above 186-188 for confirmation of uptrend.
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, it can slide down to 670, 640, 560 levels.
Notes on the chart. "Wish you all a very happy and prosperous new year" Just trade safe and stay healthy. Regards Bravetotrade
-THE STOCK IS SEEING SELLING PRESSURE FROM THE TRENDLINES -HAS CRUCIAL SUPPORT @515(FOR SHORT-TERM) -NOW IF RSI CLOSES ABOVE 52 IN NEAR FUTURE ASSUME THIS THAT THERE WILL BE A UP SIDE BREAKOUT -THIS IS HOW WE WILL PICK OUR TRADE IN LONG RUN -BECAUSE WE HAVE A DESCENDING CHANNEL ON WEEKLY CHART WHICH IS A STRONG ONE(MORE THAN 4 TOUCH POINTS ON EACH SIDE) -I HAVE...
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...
Downward sloping channel breakout above 566
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. 1st tgt - 245, 2nd tgt - 257 final tgt - 270 sl - 203
in weekly, price bounced from downtrend channel support, regular bullish divergence formed here. price should move towards channel resistance.
Descending Channel on Berger - will it break or make ? Trade: Long Entry - 257.80 Target - 267.50 Stop loss - 249.50