P I Z Z A A A JUBFOOD fut broke out of descending channel on an hourly charts with decent OI build up.
Could be bought with mentioned stoploss & target.
Descending Channel
I N T R A D A YBajajfinserve fut broke past descending channel on 15 min TF with decent OI.
Could be bought with mentioned stoploss & target/intraday.
LONG BREAKOUT IN HERANBA INDUSTRIES...BUY - HERANBA INDUSTRIES LTD
CMP - Rs. 401
Target - 1: Rs. 505
Target - 2: Rs. 608
Target - 3: Rs. 670
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Technicals - Descending Channel BO
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This is just a view by an expert analyst, please invest at your own risk.
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GNFC FUTGNFC FUT break out of descending channel on an hourly chart with good OI buildup.
Also reversal candle seen on daily charts(not confirmed yet).
Could be bought on the basis of channel breakout with mentioned stoploss & target.
Honeywell Automation I analyze the chart of Honeywell Automation - price, volume, trendlines, other technical data points across daily and weekly timeframe.
SUDARSHAN CHEMICAL - 65% RETURNS!!!BUY - SUDARSHAN CHEMICAL
CMP - Rs. 462
Target - 1: Rs. 660
Target - 2: Rs. 760
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Technicals - Trendline BO
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This is just a view by an expert analyst, please invest at your own risk.
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BALKRISHNABALKRISHNA made an descending channel pattern on an hourly charts & its on the verge of breaking out of it.
Could be bought with mentioned stoploss & targets.
HINDALCOHINDALCO on the verge of breaking out of descending channel pattern on an hourly charts with decent volumes & very good risk:reward ratio.
Could be bought with mentioned stoploss & target.
ESCORTSESCORTS broke out of descending channel pattern on an hourly chart with decent volumes.
Could be bought with mentioned stoploss & target.
BTC LONG at $25.800
BTC to buy at $25,800. Note that we have an ABCD that takes us to the top of this weak sales channel.
Putting a fractal from wave AB to wave CD and we have the top of the channel at $30,000.
This formation looks like a bull flag but it is not, a flag does not take more than 3 or 4 weeks to break so I see selling approaching $30,000.
As I will be long at 25,800 if I reach my target I will reverse the position.
SUNTVSUNTV first broke out of rounding bottom pattern, then consolidated till its 50% fib retracement level & in consolidation it made descending channel pattern.
Suntv broke out of descending channel pattern with good volumes.
Could be bought with mentioned stoploss & target.
Ashokley Numerous Bearish signs!!!!Chart Patterns look good for a short trade
REASONS
1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW)
2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below)
3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen.
4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled)
5. Target(dashed bright green lines) & Sl(dashed red line ) levels mentioned @ chart
6. Gap zone(green rectangle ) can acts as good support!!
Just be fixed with the SL level.
Let's wait and watch how it moves!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
MUTHOOTFINMUTHOOTFIN broke out of descending channel on an hourly chart with good volumes.
Could be bought with mentioned stoploss & targets.
MCXMCX broke out of descending channel with decent volumes on an hourly TF.
Risk:Reward in this trade is very much in favour of bulls.
Could be bought with mentioned stoploss & mammoth target.
M&MM&M broke out of descending channel on an hourly chart with decent volumes.
Could be bought with mentioned stoploss & target.
Please comment if you like my charting techniques, suggestions welcome.
TITANTITAN broke out of descending channel on shoter TF with decent volumes.
Could be bought with mentioned stoploss & target.
AXISBANKAXISBANK is trading in descending channel & its trying to breakout of channel, wait pateintly to break 852 then its a buy for very short term.
Could be bought above 852 with mentioned stoploss & target till EOD/GAP-UP.
HULHUL broke out of descendng channel on smaller TF with good volumes.
Could be bought with mentioned stoploss & target.
SUNTVSUNTV broke out if desceding channel with good volumes on daily charts.
Could be bought with mentioned stoploss & targets.
KOTAKBANKKOTAKBank broke out of descending parallel channel with good volumes on hourly/daily charts.
Could be bought with mentioned stoploss & target.
UBLUBL broke out of decending channel pattern on 30 min TF with decent volumes.
Could be bought with mentioned stoploss & target.
INDHOTEL Down to its 2 Year old support ??!!!!Chart pattern does pave way for the above titled opinion
Reasons:
1. INDHOTEL has been trading inside an Ascending Channel pattern for the past 2 years , taking support and resistance at perfect levels till now.
2. Currently it is going through the Downswing move(in the form of descending channel pattern forming lower high and lower lows) inside the major ascending channel .
3. Weekly time frame chart below
4. Target & SL levels mentioned @ chart
5. Entry can be made after hourly breakdown out of the white trendline as shown below
Let's wait & watch, how it moves!!!!
Note- Just sharing my view....not a tip nor advice!!!!
CANARA BANKCanbank broke out of descending channel on an hourly chart with good volumes.
Could be bought with mentioned stoploss & target.
