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).
Nifty is trading in falling channel and cuurently price is quoting near resistance line of the channel indicating decline in index till 17000-16900, However if Nifty manages to break the Channel then it can face resistance near 17600 price zone. Red box zone can provide Nifty a support level if that breaks then it can go till 16400.
Descending channel breakout above 195 RSI bullish Divergence Rise in Volume Relative Strength should come above 0 line for confirmation
ONGC is continuously making a descending channel pattern from 173. After breaking the 20 and 50 days EMA now it is about to touch 100 days EMA and this could work as a strong support for ONGC as there are both supports available at 138 . 1st is Descending channel pattern's trend line and 100 Days EMA also running around 138. You can take entry in it according to...
the stock is clearly obeys the channel.. in 45min..buy now.. for an upward momentum to top of the channel.. or even a breakout
Stock was in descending channel pattern for a long time and has broken it with a bullish momentum and was accumulating for few days the stock can touch to the support zone which is also a fib extension target, enter at current levels and place a stop at below the accumulation zone.. " EDUCATIONAL PURPOSE ONLY"..
Falling Parallel Channel Breakout. It has taken support from 200D EMA.
#DEGO Entering on the confirmed breakout from the Descending Channel. on 1 hr TF. Descending channel breakouts are usually breakouts on upside. We have marked up OBV bullish divergence which shows prices may go up. We have marked up RSI bullish divergence which also shows prices may go up. This is for educational purpose. Consult your financial advisor before...
COTI has appreciated by more than 250% from its July low levels of $0.089. It gave a breakout after a week of consolidation between the range of $0.20-$0.24 and is currently sustaining above $0.30 from the last 3-4 days. This bullish rally can be attributed to the fact that COTI has been working on multiple products on the Cardano ecosystem and as the date of...
L & T Stock is just completed Head and Shoulders Pattern which is a bullish pattern, retesting also completed and formed Descending triangle pattern with breakout. So, we can expect the stock may go long. Good buy for short term. Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable). I am learning as...
GKW Limited stock formed Descending Triangle Pattern which is a neutral pattern. So, we can expect the stock may go long or short. Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable). I am learning as well. so please analyse the chart by yourselves before taking any decisions. Criticism always welcome
WABAG Given a Breakout on Weekly Timeframe from its 5 Years Descending Channel and have the potential to have 92% upside in 1-2 years. NSE:WABAG Wait for Retracement and Enter on Lower Timeframe.
retraced 61.8 Wait for Descending channel breakout. Do your due diligence before taking trade.
CHZ has been trading in a horizontal channel formation for the last 2 months. The sideways trend is still intact but at the time of writing, it is trying to breach its upper band resistance. On the weekly TF, CHZ has already gained more than 20% this week. Weekly MACD is also given bullish crossover which depicts that trend reversal can be expected in the coming...
Notes: Airtel has been playing around the support zones for quite some days now. Expect a decent breakdown if it closes below 520. Aggressive traders might also make use of the break below 524 since its a really strong level for the scrip. Can only confirm an upward break if it crosses the previous swing high, Please note - Not a SEBI Registered...
Price breaking the descending channel pattern and nearing the supply zone. If breaks the supply zone then it should reach the previous high.
look tcs breaks the resistance with a big bullish candle with good volumes yesterday and also today it forms a spinning top (indecision candle) ,so if tomorrow forms a bullish candle then go for long for swing traders. or wait for pullback then invest. daily i'll post new ideas so FOLLOW ME :) for more