icici bank form descending tringle pattern . also no momentum in stock now icici bank standing support area. BREAKDOWN:- sell below only 634 stop loss 640 target 1 : 617 target 2 : 600 positional trade take time UPSIDE ONLY ABOVE TRENDLNE BREKOUT above only 645
1. Buy above BO 140 2. TARGET 170/210 3. SL 120 Analysis: 1. Breakout happened on descending channel 2. Now It is in accumulation phase. 3. 2 times rejected at 140 level. 4. We may see the uptrend if it breaks the accumulation zone. Disclaimer: This is educational purpose only. Please share your thoughts in the comments section below.
MCX gold will keep moving further advance up to the targets of 50000 - 51000 levels. But after the first target, gold will try to take a reversal for 0.382 to 0.236 levels of retracement. Long-term Targets: 51575 - 52492+
Traders, as you can see clearly that BBTC was first in falling or descending channel pattern and then it gave breakout and formed wedge pattern. Stock also gave breakout from wedge pattern (that too with high volumes ). Now stock is again retesting the trend line (resistance line). Buy once stock start showing positive momentum. Don't buy if stock closes below the...
well on D chart clear breakout done and now consolidating in a range a break from this range will give amazing upside :) Happy trading :)
Traders CROMPTON is forming falling or descending channel pattern and the stock has failed to touch the support line of the channel. This is good sign of upward breakout. Enter only if breakout takes place with good volumes. This is my personal analysis and its just for educational purpose , feel free to share your feedback/views.
Price after completing the wedge I was expected it to break up and move towards the resistance but as per the pattern rule price breaks down and moves down in descending channel pattern. Now one can expect the price to break the channel and move further up.
There are many things we spotted in this chart. 1) Price is moving in a parallel channel. 2) It has also formed a flag pattern. 3) Touched FIB 61.8% level. 4) Currently in the demand zone. Breaking of the flag will hint at an upward movement. We have given you all the possible outcomes in case of a breakout. Educational purpose only - kindly do your own...
Price continuously falling from the high for the last 3 months. The big fall made the price to form a descending channel pattern and it is getting ready to break.
Keep on this stock possible for break out stock is in a descending channel
Price forming descending channel pattern and a small breakout happened today inside the channel which leads the price to move towards the channel top. Descending channel will have high probability of breaking the channel up and move up quickly.
There is trend reversal from bullish to bearish in one day candle with huge volume breakout. CMP: 4730 Target: 4290
Price formed descending channel pattern and price took support from the channel bottom to reach channel top, the movement itself formed another ascending channel inside the channel. One can wait for the break and enter the market.
Again the finance stock making the same move and waiting to break for tomorrow session.
Price making descending channel and it should break up for tomorrow. Keeping the description short as the lower time frame does not deserve more :)
Interestingly most of the finance stocks are following the same pattern - check on yourself I will post some Here price making descending channel pattern and it is definitely looking to break up tomorrow.
Price making descending channel pattern and it just took the important support and reached the channel top, it is expected to break in the coming days.
BSE:RELIANCE is correcting its Up move of last year if not the one of Decade! Either way it will keep Oscillating between the Channel Lines for weeks to come! This is an Update on the Idea published on Reliance some time ago.