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Parallelchanel

PRINCEPIPE: Strong Breakout with Rounding BottomPRINCEPIPE: Prince Pipes & Fittings Ltd PC-A = PC-B Exactly Same #WondersOfPC Technicals: • Strong retracement from lower support of PC-B • Script is respecting the Parallel Channel levels at every levels • Last candle's close above 580 is conforming the BO for Midline of PC-B • Taller green towers in volume indicating support for stronger breakout, and Rounding Bottom • RSI entered in 60 Zone • Rounding Bottom Pattern Levels for positional trade: Entry levels: Opening above 600, CMP Target: 1st, 640, then 700 SL: 559, Closure below 559 will invalidate this upside view in short run
NSE:PRINCEPIPELong
by ChartSarathi
AJMERA: Higher volumes in support for BreakoutAJMERA: Ajmera Realty & Infra India Ltd PC-A = PC-B Exactly Same #WondersOfPC Technicals: • Script is respecting the Parallel Channel levels at every levels • Last candle's close above 330 is conforming the BO for Midline of PC-B and now moving towards upside of the channel • Taller green towers in volume indicating support for stronger breakout • RSI entered in 60 Zone • Relative strength is in Green Levels for positional trade: Entry levels: Opening above 335, will trigger entry at CMP In my view, May face some resistance at upper line of the PC-B, near 370, good position to add further if volume in support Target: 1st, 415, then 465 SL: 283, Closure below 283 will invalidate this upside view in short run
NSE:AJMERALong
by ChartSarathi
SUNPHARMA | Near 7Yr Resistance| Rocket Abv 1080 | 70% UpsideNSE:SUNPHARMA 7 month Consolidation between 800 - 940 & recently Breakout from Ascending Triangle Price approaching 7 Year Resistance zone of 1070 - 1080. Breakout above the resistance zone will make Sunpharma a Rocket. Short Term Target : 1070 Long Term Target : 1542 - 1831 Upside : 50%-70% SL : 880 Rising in Channel since March 2020 and Taking support from 20 & 50 Week EMA RSI is consistently in Bullish Zone
NSE:SUNPHARMALong
by manuvsingh
Axis Bank - Will it break or not?Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks. Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel . As of today, it closed with good volume if the market opened in a good range then we can see good buying in AXIS BANK, which lead us to the target of 830 from our current position and the second target of 850 (where it previously faced resistance) If the stock faced resistance then we can see consolidation for some time and that consolidation will decide its upward and downward direction for the downward direction we are having the support of 785 and the second support at 750. . . Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
NSE:AXISBANK
by SUTHARTRADE
TATACHEM: Near Breakout, on the way to cross ATH.TATACHEM The parallel channels drew in the chart: PC-A = PC- B PC-C = PC-D All of the four PCs are exactly of SAME width #WondersOfPC At point R, levels of 1180, candles respected the resistance of ATH, and came down towards 1030. There, the candles got strong Support of point S which is the midline of PC-C, and bounce back towards the levels of point R again. Now today we are at the same levels of point R, conforming the BO of PC-C. With this strength, we have a strong view that the candles will cross over the Resistance of ATH, and we'll enter new zone Good time to enter at CMP, we may face some consolidation between 1180-1195, this levels also have resistance of midline of PC-D for swing trade, CB SL will be 1124 Near term target 1260 If view goes wrong, we will have better opportunity to pick more for LT portfolio at 1125, and at every dips. And overall market holds strong from here, we can see stronger Breakout of PC-D
NSE:TATACHEMLong
by ChartSarathi
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Breakout in Bandhan Bank on 15m chart.Moving Averages From the last 2 days the stock traded below the 200ema. The ema lines are making a wave like pattern. The distribution of 20, 50, 100 & 200 ema is very proportional. Breakout Today the stock gives 3 successful breakouts. All breakouts are in the last 3 hours of the market. First breakout of 20ema. Second breakout of Resistance. Third breakout of Parallel Channel. Other Time Frames Bullish on Daily charts. Prediction Bullish High Volatility Trade The price can retest the levels. Enter a trade if price respects the levels of Parallel channel.
NSE:BANDHANBNKLong
by ssvirdi
Hindustan Unilever - Channel breakout 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade Comments
NSE:HINDUNILVRLong
by PrakWorld_Traders
Tata Consumer - Breakout after 1 year🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade Comments
NSE:TATACONSUMLong
by PrakWorld_Traders
NSE: KILITCH DRUG Volume Breakout for 247, 271NSE: KILITCH DRUG Volume Breakout for 247, 271 Break out Momentum play From Oct 15 to Jan 07 consolidation between 149 to 209 On Jan 08, break out with unusual high volume compare to normal day volume, closed above 209. Level 209 seems to be strong resistance. Possible long at current level with strict stoploss 186 and target for 232, 247, 271. If momentum continues trend may puch price beyond 271. Follow stop loss and trail stop loss
NSE:KILITCHLong
by BlackJackCo