Glenmark looks like taken perfect support at the downtrend channel line. Can be taken long for targets of 409, 429 and 439
JSWSTEEL is trading in Descending Channel from the last 1 year, however we did see a breakout above the channel on 17th Marth 2022. Post that price rallied up till previous resistance of 770 and faced selling pressure which pushed price again inside the descending channel. Currently the stock is trading near channels lower level with immediate support at 520 and...
DEEPAK NITRITE has been trading in Descending channel for the last few months. However, it is forming a Flag and Pole pattern as per weekly/Monthly charts. The stock has been trading near the channel highs and resistance levels, if it breaks out from these levels, it's likely to reach 3000 levels again. Cheers! This is as per my Analysis. Feel free to share your...
Nifty Bank fut. perfectly adhering to the descending channel. Long in the tooth, can we anticipate a reversal? Blue line is VWAP, price comfortably above it shows bullish momentum. Touches to the channel lines marked as well, its a validated working channel.
Zodiac Clothing successfully broke out an Inverse H&S pattern in the last trading session. Buy the stock above 113 with SL 107 with a target of 130 within one to 4 weeks
Chart -> Rallis India Daily We can see descending channel breakout. CMP: 278 Target: 295, 324, 362 SL: 255 Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Chart -> SAIL Daily We can see descending channel breakout. CMP: 108 Targets: 123, 130, 143 SL: 97 Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Banknifty gave breakout from falling channel with a gap up opening on 4th April, However that move didn't sustained well and post that the index saw consolidation at the GAP and today took support from previous month's closing range. Now moving ahead we can see bullish momentum in upcoming days with resistance at 39000-39500, immediate support stands at 37200 and...
Bank Nifty Making Descending Channel Pattern, Very high chance to give upside breakout
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
BPCL has been trading in Descending channel for a few months. Today, the stock has closed above the resisting line of the channel, with a good amount of volume. Looks like it will reach 400 levels in the near term. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing. Happy Trading
ABCAPITAL - Inverse Head & Shoulder in weekly time frame and Descending Channel consolidation breakout in Daily time frame
After two weeks of the continuous rally, BTC took a nosedive in the latter part of the last week and declined by ~1%. On the weekly TF, BTC formed an Inverse Hammer candlestick pattern, which indicates that the market is again in control of bears. As the overall trend is still bearish, the recent positive rally can be considered as a pullback. At the time of...
BTC has been showing positive strength since January 24th, bulls have been trying to push the market up for the last two weeks. The combined crypto Mcap has increased by more than 15% in these last two weeks. BTC formed a strong positive candle on the weekly TF after the last week’s Hammer candlestick pattern, which was depicting that we can expect a short term...
BYBIT:BTCUSDT BTCUSDT : Descending Channel Pattern : Descending Channel. What is Channel Trading? When trading a channel, you use parallel lines connecting the swing highs and swing lows of a market’s support and resistance. The most common method to mark a channel is by using trend lines. The swing highs that are marked by the trend line known as the ...
After the continuous declines, crypto markets took a breather last week and closed the week with ~1% gains. BTC also bounced back after making a recent low of $32,933 and closed the week with 4.46% gains. At the time of writing, BTC is trading slightly below $37,000. BTC formed a bullish Hammer candlestick pattern on the weekly TF, which depicts that we can...
Channel breakout above 170 RSI crossing above 55 will give bullish momentum
Good support in Daily time frame. Bullish channel pattern breakout (hourly time frame).