Good Morning Traders, Nifty trading at support zone, we might can see a reversal from current levels to downward slopping trendline. Best action can be seen only if nifty breaks its important support zone or give breakout of downward slopping trendline. We might can see upside momentum also in coming days. Let's see we will just work according to price action. ...
XAUUSD - Weekly analysis in Gold. 1680 will major support for Gold. Gold is Trading in downward chanel. We can see pullback in next week from 1680 to 1760. If 1680 Breaks , we can see more down side levels - 1650 , 1600. If we can see pullback after 1680 Support level test, Then only look for buying side... (My Personal views on gold - Educational Purpose...
Hindalco inds seems like inverted pennant flag pattern. when it will breakout downward, then only pattern will be activate. Otherwise keep concentrate for breakout whether up or down.
GRANULES INDIA as per daily chart analysis is in the downtrend channel and it has made four attempts to break the channel and once it crosses the resistance level 310 and in the fifth attempt it should give a breakout. So once 310 level crosses will update you.
Pros :- GIven Downward channel breakout. Started Upsode movement with small runway Gap. Cons- Low Volume in Breakout candle.
So, tomorrow if Nifty cross 15840, then we see the upward momentum. . If Nifty goes down below 15760, then we should buy pe. . If Nifty is in rangebound between 15760-15840, avoid trading on tomorrow. . What's your view on this comment below in the box.
Supreme Petro has given a breakout of a downward channel that has been forming over the last few days. The volume dried up pretty much during the pullbacks and the volume is growing on the up move.
Vinati Organics has once again given a breakout of a downward channel. This is a behavior this stock has done in the past as well. The fundamentals of the stock is very strong and so can be a good one to hold positionally.
AARTIDRUGS IS CURRENTLY IN A DOWNWARD CHANNEL AND HAS APPROACHED CONGESTION ZONE. CAN GIVE A GOOD UPMOVE TO NSE:AARTIDRUGS WARDS 775-800-840
Buy Naukri Stoploss 4400 Study: Downward Channel Breakout and Retest Zone
CUB (Daily):- BUY AT CMP 175/170 FOR TARGET 200 SL 160 DCB #Disclaimer:-I just shared view for only educational purpose. #priceaction #CUB #BREAKOUT
Buy LTI only above 4052 Stoploss 3980 Target 4215 and above Study: Downward channel Breakout Formation
EJ is in a downward channel currently, I've mark possible opportunities for the shorts as well as for longs. Please support me by liking the idea and also if you think the same. Happy Trading Folks
On intraday charts, Reliance is indicating weakness. If it breaks below 2227, then perfect short selling. Sell Short below 2226, Target@2173 SL@2250
RELIANCE undoubtedly is a stock that managed to dodge the market carnage and gained significantly in the last two months. However the shorter time frame chart suggests profit booking and this could continue. The stock can find significant resistance near 1530-1570 levels. Upper range of this level can be used a stop loss and any move towards these levels can be...
PNB is testing Upper Trendline in a downward channel. Upper downsloping Trendline may act as resistance. Short at 77.20 ( cmp ) Stop-Loss 81 Target 63.35 Risk 4.92% & Reward 17.94% Risk Reward Ratio 1 : 3.65
Bearish flag in NIFTY 50 chart also level it came down towards 9500 9400 9300 may hit in upcoming sessions
Overall in a downward moving channel, so more downfall expected in Short Term/ST before things settle down. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.