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Descending Channel

NIFTY REALTY Possible Flag PatternNIFTY REALTY on 20th Oct gave the long-awaited triangle breakout followed by a quick attempt to break the resistance at 239-240 levels. This was rejected and then it fell into a channel consolidation (descending) since 22nd Oct. Possible breakout/down confirmation levels Breakout - 237.15 Breakdown - 233.9 (Aggressive), 232 (Conservative) Just a Beginner trying to learn pattern analysis. Looking forward to corrections and insights. Cheers ;)
NSE:CNXREALTY
by the_consolidation_guy
PEL - Intraday breakout possible - descending triangleImmediate support placed at 1305 can break, giving a possible move downwards. If further move after round level of 1300 is seen, The trade is expected to make the 1300 level resistance in the coming sessions. This is expected to be a short term correction as the stock has broken the descending channel in the higher time frame. Sell below 1305 Targets cannot be specified as there is lot going on the fundamental side of things too. This is not a recommendation, Its for educational purpose only. Trade Safe!!
NSE:PELShort
by FAHEEMSAM
Britaninia : Trade SetupNSE:BRITANNIA Hi Traders, BRITANNIA has broken upward price channel as well as descending triangle pattern and taking support on previous high of upward price channel. If this support is broken by it then it will start downward movement. Stock Analysis * Stock has broken upward price channel. * Stock has broken descending triangle pattern. * Taking support on previous high. Sell Level Below 3684 (based on price action) Target Level TP1= 3520 TP2= 3419 ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:BRITANNIAShort
by vimal.kr.pathak
2
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
NSE:NIFTYEducation
by Dinesh_C_Nagpal
BANKBARODA - 240MIN - Ready for reversal ?Bank of Baroda has been in a descending channel for the past month. The stock has formed this reversal channel at an important daily support zone. The stock created a double bottom formation last week giving more indication of a reversal. Stoploss - 88.65 Target 1 - 99.05 Target 2 - 103.35 Target 3 - 107.30 Disclaimer This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
NSE:BANKBARODALong
by PranamGhagare
2
Indiabulls Housing Finance - Long Term Buy ?The Stock has been in a downward spiral for many months. It has created a descending channel on the daily chart as well as another small descending channel inside the bigger descending. 3 touches of a pattern indicate pattern completion. Here both the descending channels have completed their respective 3rd touches at the same point. We have also a Morning Star candle shape formation at this low. This is a stock to buy and hold for the coming weeks or months. The Levels are indicated on the Chart. Technical Overview - Buy and Hold Timeframe - Daily Disclaimer This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
ILong
by PranamGhagare