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...
Canbank broke out of descending channel on an hourly chart with good volumes. Could be bought with mentioned stoploss & target.
Nifty Currently Trading Descending Channel, Making Lower High Lower Low. Sell Nifty ~ 17410, With Stop ~ 17580, Target ~ 16900, 16800. Expected Target 4 ~ 5 Trading Day's.
Chart pattern depicts the situation clearly REASONS 1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly . 2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured) 3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel 4. Right...
Chart Patterns insist me to go with the opinion titled above!!! REASONS: 1. Divislab has been travelling in a MAJOR Expanding Triangular pattern . 2. It's been travelling in a Descending Channel pattern(downswing inside the major pattern). 3. Soon the Stock may take support @ the major support.(Green line shown in chart). 4. There is also a GAP (occured...
Chart pattern insist me the above titled opinion REASONS 1. NIFTY has been trading inside a Descending channel pattern creating lower highs and lower lows 2. Right now, it is at the resistance level(top of descending channel) 3. Day close above 18260 will pave way for the bulls 4. Safe SL can be Day candle closing out of the Descending channel 5. Target...
Hello traders, It is a quick update about Asian paints. Security has made a downward channel. After the rectangle breakout, it made another rectangle pattern. The 3033 level is an essential support level to keep an eye on. A breakout will intensify the bearish atmosphere. We can expect a new low based on the price action of the second rectangle pattern If...
In 1hr time frame, Nifty is travelling in a descending channel pattern (as shown in chart) . If the next hourly candle breaks down out of the yellow trendline, we can go short!! 18000 being psychological support, we can increase our quantities after 18k breakdown!! Seems like Nifty is respecting the channel , Let's see how it moves!!! Target and SL levels...
NSE:NIFTY seems to be completing ABC correction. The shorts must be squared here. Likely chance of resuming an uptrend.
BINANCE:WOOUSDTPERP Bullish scenario . Travelling inside the channel good to long at support. FOLLOW FOR MORE FROM: 𝕄🌚🌚ℕ𝕋𝔸ℕ𝔾 ℂ𝕃𝔸ℕ™️
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GAEL Study - Falling wedge and Flag pole correction Breakout Fundamentals - very good company for export as war conditions are going on. Please do your own study before taking any trade. This chart is only for educational purpose SL for this stock breakout may be 285
On 1D time frame, zamato is moving in descending channel pattern....breakout is expected and buying opportunity is above 66.
BINANCE:BTCUSDT UPDATE With important levels to trade View : Long term Bullish Reason : You can check previous analysis for descending channel breakout. Current Analysis : Range breakout Trade. It can be clearly seen that BTCUSDT trying to break range. Target 45800 - 47200 - 50000 - 50700 - 52600 + + + Levels has been drawn for you to trade for short term...
it has given flag breakout on daily chart and taken support at 20D moving average. and trying to break weekly channel. volume seems to be relatively higher. if it sustains above 400, then it is going to be a good breakout
HCLTECH has been trading in the narrow channel range from almost last 6 months. The Channel was a descending channel. HCLTECH Was trying to break the channel from last few days- it was trading very little above the edge of the channel. Today HCLTECH has convincingly broken the channel. Once can LONG HCL with below details:- Entry:- 980-982 (Trade can be taken...
1. Buy above BO 1195 2. TARGET 1270/1380/1460 3. SL 1080 Analysis: 1. Breakout happened on descending channel 2. Trend reversal started at harmonic PRZ and support level. Now It is in accumulation phase. 3. Next would be uptrend if it breaks the accumulation zone. Disclaimer: This is educational purpose only. Please share your thoughts in the comments...
Indian IT Sector is very close to the breakout area. This breakout from the falling bear channel is also supported by RSI as we can see the Higher Highs and Higher Lows formation. Look for an entry in fundamentally strong leaders of this sector. !!! This is not an investment advice and do your own due diligence before investing/trading on any script !!! !!!...