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Parallel Channel

Maruti: Rising Flag, Dropping ProbabilityStructure The decline into Wave W is complete as a Regular Flat. The rebound is a corrective Wave X, fully overlapping and contained within a rising channel. Bias remains bearish as long as price trades inside this channel. Wave Y Setup Trigger: Breakdown below the channel near 16000. Entry: Preferable after a break and retest of the lower channel line. Target: Toward 15,260 to complete Wave Y. Invalidation: A decisive close above 16,549 invalidates the bearish view. Summary The current rise is a corrective phase, not a trend reversal. The higher-probability outcome is a continuation lower into Wave Y unless the channel breaks to the upside. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:MARUTIShort
by WaveXplorer
5
Prime Focus (W): Strongly Bullish - Blue Sky BreakoutTimeframe: Weekly | Scale: Logarithmic The stock has confirmed a major structural breakout, clearing both a short-term horizontal hurdle and a multi-year channel resistance. This move is supported by the highest weekly volume in months and significant corporate restructuring news. 🚀 1. The Fundamental Catalyst (The "Why") The massive volume and breakout are driven by strategic clarity: > Internal Restructuring: The company recently announced the divestment of its subsidiary, Prime Focus Studios , to DNEG S.a.r.l (its material subsidiary). This simplifies the group structure and potentially unlocks value ahead of DNEG's future listing plans. > New ATH: The stock hitting a new All-Time High (~₹224) attracts momentum traders and algorithms, fueling the volume surge. 📈 2. The Chart Structure (Channel Breakout) > The Pattern: Ascending Parallel Channel (since Aug 2021). - The Move: Most stocks trade inside the channel. Breaking the Upper Resistance Line is a sign of extreme bullishness. It indicates that buyers are so aggressive they are willing to pay prices above the standard trend trajectory. > Horizontal Breakout: The level of ₹203 (Sep 2025 High) was the final "Lid." The stock smashed through this on massive volume, turning it into a concrete floor. 📊 3. Volume & Indicators > Volume Ignition: The 52.99 Million volume is not just "rising"; it is an Ignition Bar . It confirms that institutions are participating in this leg of the rally. > RSI Strength: Rising RSI in all timeframes confirms the trend. Note that in a "Blue Sky" breakout, RSI can stay "overbought" (>70) for weeks. 🎯 4. Future Scenarios & Key Levels The stock is now in "Price Discovery" mode. > 🐂 Bullish Target (Momentum): - Target 1: ₹254 . - Blue Sky: If the "Parabolic" phase holds, the stock could overshoot towards ₹275 . > 🛡️ Support (The "Must Hold"): - Immediate Support: ₹203. The horizontal resistance has flipped to support. A pullback to ₹203-205 is a high-probability "buy the dip" zone. - Trend Support: As long as the stock stays above the Upper Channel Line (now acting as dynamic support around ₹210), the accelerated trend is intact. Conclusion This is a High-Octane Setup . You have an "Upper Channel Breakout" + "New ATH" + "Massive Volume." > Strategy: Ride the momentum. Use a trailing stop (e.g., weekly low) rather than a fixed target, as these breakouts can extend further than expected. Watch ₹203 as your safety net.
NSE:PFOCUSLong
by Learn_with_Pth0mas
Adaniports As per the daily chart, price is moving within the channel. The price has faced resistance at the zone 1520 and is moving towards the lower trend line of the channel. It can take support from the 1480 zone. If the price breaks the channel and sustains below 1465 zone, it means bears are gaining strength. We can expect 2 scenarios. If the price takes support from the lower trend line of the channel, buy above 1486 with the stop loss of 1472 for the targets 1498, 1512, 1526, 1540 and 1558. Sell below 1460 with the stop loss of 1474 for the targets 1448, 1434, 1420, 1404 and 1386. It will be exciting if the market gives us 3rd scenario. Always analyse before taking any trade.
NSE:ADANIPORTS
by vanathi
Classic Descending Channel With Clear Structural LevelsThe primary feature of this chart is the broad descending parallel channel marked by the orange lines, which frames the entire corrective phase in a neat, orderly manner. Price has repeatedly respected both the upper and lower boundaries, reinforcing the relevance of this channel as a dominant structure.​ A trend‑changing resistance line is drawn in white, connecting swing highs and visually separating the prevailing downtrend from any potential shift in behavior. This line serves as a clear reference for how price has reacted to supply zones within the channel, without implying any future breakout or directional bias.​ The red dotted line acts as an internal, hidden line derived from prior price interaction, helping to map out the internal rhythm of the move. Overall, the chart is intended purely as a structural illustration of how price respects channels and internal reference lines, without any forecast or trade signal.
NSE:AWHCLLong
by Averoy_Apoorv_Analysis
Bajaj Finance: Impulse Complete, Correction in ControlBajaj Finance completed a clean five-wave impulsive advance , topping out near ₹1,102.5 , followed by a clear loss of momentum. Since that peak, price action has shifted from trend to overlap , signaling a corrective phase rather than continuation. Structurally, the decline is unfolding within a descending channel , fitting well with a W–X–Y corrective structure . The internal swings remain choppy and overlapping — classic correction behavior — with price respecting the channel boundaries so far. During the impulsive rally ( Waves 1–5 ), the 50 DMA acted as dynamic support , confirming strong upside momentum. Post the top, price has slipped below the 50 DMA and is now oscillating around it, indicating momentum fatigue . A sustained hold below the 50 DMA, combined with a rollover in the average , would reinforce the short-term bearish / corrective bias , with the average potentially flipping into dynamic resistance . From a price projection perspective, the ongoing Wave Y is favoring a move toward key Fibonacci retracement levels . The 0.618 retracement near ₹945 stands out as a high-probability reaction zone , while a deeper flush could extend toward the 0.786 retracement near ₹903 if downside pressure accelerates. Risk is clearly defined. A sustained break above the upper boundary of the corrective channel would invalidate the W–X–Y interpretation and signal a structural shift back toward strength . Until then, the path of least resistance remains corrective . Bottom line: The impulsive phase is done. The market is digesting gains. Structure — not emotion — favors patience and respect for the corrective channel. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:BAJFINANCEShort
by WaveXplorer
2
Sensex - Weekly review Dec 15 - Dec 19Friday's movement was choppy, and the price is now testing the intermediate resistance at the 85300 zone. Next resistance is at the 85500 zone. Buy above 85320 with the stop loss of 85180 for the targets 85460, 85580, 85740, 85900, 86060, 86220, 86400 and 86560. Sell below 84960 with the stop loss of 85100 for the targets 84840, 84700, 84540, 84400, 84240, 84080 and 83900. As per the daily chart, the price is testing the trend line, and it has to break and sustain above it. Always do your analysis before taking any trade.
BSE:SENSEX
by vanathi
4
Siemens Down to Support zone??!!Siemens has been travelling inside a Ascending Expanding Channel Pattern(bold yellow line) from March 2025( making higher highs and higher lows ) Now it is in the down move to making a higher low (to support level) This down move is being done by market in the form of Descending channel pattern making lower highs and lower lows(shown as purple line) There is also a Head & Shoulders pattern ...which has given BREAKDOWN with Good Volume support (yesterday-13-10-2025) Siemens is looking to take support at 2900 levels(2920) SL can be bit choppy (either the high of Breakdown candle/high of right shoulder) Bearish view can be negated once the red dotted line breaks!!! Let's wait and watch!!! Thank you!!!! Just my view...not a tip nor advice!!!!
NSE:SIEMENSShort
by mmjimm
2
Indus Towers: Channel Breakout Meets Wave TheoryA simple but powerful concept from classical technical analysis — the channel breakout target — plays out beautifully here. This idea, also discussed by Dr. Sudhir Dixit in his book on breakout signals, gives traders a disciplined way to estimate post-breakout targets. After a steady five-wave advance from ₹312.55 to ₹369.55, Indus Towers entered a clean descending channel , forming the corrective Wave 2. The breakout that followed came with a strong volume surge , confirming a clear shift in trend direction. Concept Recap In a channel breakout, the target can be derived by measuring the height of the channel (distance between support and resistance) and projecting it upward from the breakout point. That gives the 1:1 projection , while stronger rallies often stretch toward 2:1 or 3:1 multiples of that range. Wave Perspective Elliott Wave traders can interpret this breakout as the early phase of Wave 3 , which typically extends 1.0 to 1.618× Wave 1 . In this case, the 1.0× projection aligns near ₹395, while higher targets in the ₹412–₹430 zone fit naturally within Wave 3–5 progression. Key Chart Highlights Descending channel breakout — trend shift confirmed Volume surge validates breakout strength Wave 3 minimum extension ≈ ₹395 Stop-loss below ₹359 keeps the structure intact Takeaway: Even without labeling waves, the logic of a channel breakout offers a structured, rule-based method for identifying profit zones. Combine it with wave theory, and you transform a simple pattern into a roadmap for impulsive rallies. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:INDUSTOWERLong
by WaveXplorer
2
Nifty - Expiry day analysis Dec 9The price broke the channel and fall down towards the double bottom support at the 25900 zone. The price can move in this range 25800 to 26200 as per the higher(daily) and lower(15 minutes) chart analysis. As per the daily chart, we can see a strong support at the 25850 zone. Buy above 25900 with the stop loss of 25840 for the targets 25940, 25980, 26020, 26100, 26160 and 26200. Sell below 25780 with the stop loss of 25840 for the targets 25740, 25700, 25640, 25600 and 25540. Expected expiry day range is 25700 to 26100. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
2
TCS – Supply Zone + Channel Resistance | Short Idea (4H)Price has reached a major supply zone aligned with the upper channel resistance, creating a high-probability rejection zone. The confluence of: Horizontal resistance Supply zone Rising channel top makes this area a strong rejection point. 🔵 Reason for Short Setup Price is reacting at a previous rejection zone Clear bearish wick activity near resistance Channel structure shows exhaustion at the top Risk:Reward remains favorable 🎯 Trade Plan Entry: Around current rejection zone Stop-Loss: Above supply zone + channel breakout Target 1: Mid-channel Target 2: Lower channel support 🔍 Market Structure 4H trend is still forming higher lows, but momentum weakens at resistance If price closes above the blue zone, setup becomes invalid Watching for confirmation candle (bearish engulfing / rejection wick) ⚠️ Invalidation A strong 4H close above the blue resistance breaks the idea. 💬 Note This is a pure price-action confluence setup. Will update once price reaches mid-channel target or shows breakdown signals.
NSE:TCSShort
by Scalper_San
Nifty - Weekly review Dec 8 to Dec 12We can see two types of channels in the chart. Channel resistance and double top resistance is at the 26200 - 26220 zone. 26320 is another resistance. Since we can see 2 resistances nearby, and if the price is unable to gain strength, this zone can be choppy. As long as the price is above 26000, it is buy on dips unless the price falls with strong bearish strength. Friday's movement was bullish as per the daily chart. Buy above 26100 with the stop loss of 26050 for the targets 26140, 26180, 26240, 26300, 26360, 26420 and 26480. Sell below 25900 with the stop loss of 25960 for the targets 25860, 25820, 25760, 25700, 25660, and 25600. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
4
US500 – Clean Retest of Broken Structure With Bearish ContinuatiPrice has retested the broken structure level (blue line) and is now reacting inside a premium zone, suggesting sellers may re-enter the market from this region. The consolidation and repeated rejections indicate absorption of buy-side pressure. With HTF context still pointing toward a deeper correction, this LTF retest offers a potential distribution setup before a continuation lower toward the next major liquidity pocket. Bearish Path: • Retest of the broken structure • Reaction from premium supply zone • LTF breakdown and structure shift • Continuation toward downside liquidity + inefficiencies below
CAPITALCOM:US500Short
by YCGH_Capital
3
ICICI Bank — 200-DMA Rejection Keeps the Downtrend IntactMarket Context ICICI Bank continues to trade inside a broad descending channel that has governed price since the 1500 peak. Every counter-trend rally has been corrective so far, and the recent recovery has shown the same character — overlapping candles, choppy subdivisions, and clear respect for channel resistance. Key Technical Drivers 1. Rejection at the 200-DMA The rally stalled exactly at the 200-Day Moving Average. This is the same zone where price lost momentum earlier, reinforcing that the long-term bias remains downward. A failed attempt to reclaim the 200-DMA in a corrective environment typically signals trend continuation rather than reversal. 2. Channel Resistance Still Untouched Even though momentum carried the stock above short-term levels, the broader upper channel boundary continues to act as the main ceiling. Price behaviour near this level is corrective, not impulsive — another sign that the move is still part of a larger complex structure. 3. Structure Supports a Triple Zigzag (W-X-Y-X-Z) This entire decline is best interpreted as a higher-degree W-X-Y-X-Z correction. W bottomed at 1342.60 X rallied to 1445 Y bottomed at 1317.40 The ongoing rally fits well as the second X wave Wave (c) of this X leg may be close to completion, but the subwaves allow room for a marginal push to retest the channel top before turning lower. Nothing in the current leg looks impulsive enough to suggest a larger trend reversal. Trading Plan Direction: Expect the next leg to unfold downward as Wave Z begins. Target Zone: Break below 1317.40 is likely, with measured support near 1280–1300 at the lower boundary. Invalidation: A sustained break above 1411.90 invalidates the bearish Z-wave view and opens the door for a trend reassessment. Conclusion The failed 200-DMA retest, corrective price structure, and channel resistance all point to the current recovery nearing exhaustion. Whether Wave X makes one more marginal high or not, the broader path remains lower toward the Wave Z terminal zone. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please conduct your own research before taking any trading decisions.
NSE:ICICIBANKShort
by WaveXplorer
Power Finance Corporation – Complex Correction Still in PlayAfter topping out near ₹580, Power Finance Corporation (PFC) has been locked in a prolonged corrective structure. The price action since mid-2023 suggests a triple correction (W-X-Y-X-Z) , with the final leg (Wave Z) now unfolding. Technical View Price broke down from a rising channel and is currently retesting the underside of that channel – a classic setup to watch for continuation. Wave (c) of Z appears to be in progress, keeping the near-term bias tilted bearish unless price crosses above ₹438.35 (invalidation level). A potential termination zone lies around ₹250–225, aligning with the highlighted support cluster. RSI is hovering in the mid-40s, showing lack of upside strength and leaning toward further weakness. Summary Bias remains bearish while below ₹438.35. A deeper leg into the ₹250–225 support cluster cannot be ruled out before this complex correction completes. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:PFCShort
by WaveXplorer
Nifty - Expiry day analysis Dec 2The price faced resistance at 26320 and fall down towards support. Now the price is testing the double bottom support at 26120. If the price opens gap down and shows a bullish sign around the 26040 zone, buy above 26060 with the stop loss of 26010 for the targets 26100, 26140, 26180 and 26220. Channel resistance will be there at the 26200 zone. If the price opens flat, check how it is reacting around 26200 and if it shows bullish strength, buy above 26240 with the stop loss of 26190 for the targets 26280, 26320, 26360 and 26400. Sell below 25980 with the stop loss of 26030 for the targets 25940, 25900, 25860 and 25820. Please note if the price opens at the 25300 zone or 25200 zone and shows bearish strength, then it is a sell. Expected expiry day range is 25900 to 26300. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
3
Nifty - Weekly review Dec 1 to Dec 5The price was rejected from the resistance at the 26300 - 26320 zone. Sustaining above this is important to move up further. The daily chart shows the price has formed an inside bar. This type of range, when broken with strength, can give good movement. 26000 is the nearby psychological support zone. If the price opens gap down and takes support from the lower trend line of the channel, buy above 26150 with the stop loss of 26100 for the targets 26190, 26240, 26280, 26320, 26360 and 26420. Sell below 25980 with the stop loss of 26030 for the targets 25940, 25900, 25860, 25820, 25760 and 25720. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
1
BPCL – Is a Double Combo Unfolding?After reviewing the recent price action in BPCL, the structure that initially looked like a potential impulsive rally has revealed a different internal behaviour upon closer inspection. The key deciding factor was the momentum profile at the recent high near 381.55 . Instead of showing the typical loss of strength expected at the end of a Wave 5, the RSI remained firm with no bearish divergence , which is a classic characteristic of a C-wave termination , not an impulsive fifth wave. This prompted a reassessment of the entire advance. Revisiting the Structure From the March low near 234.01 , price advanced in a clear two-stage corrective manner. Both segments carried zigzag characteristics, aligning better with a W–X–Y double combo rather than an impulsive 1–2–3–4–5 sequence. Wave W ended at 234.01 after a clean A-B-C decline. The strong recovery that followed subdivided into two smaller zigzags, forming Wave X , which topped out at 381.55 . The RSI behaviour at this point supported the corrective interpretation, showing strong momentum without the exhaustion typically seen at the end of an impulsive structure. This combination lends weight to the view that the rally into 381.55 was corrective in nature. Current Outlook – Wave Y in Progress If the 381.55 high is accepted as the completion of Wave X, the decline from that point can be viewed as the early stages of Wave Y, which typically unfolds as another A-B-C structure. The initial decline resembles a developing Wave A . A corrective Wave B rebound can follow. A deeper Wave C may then complete the entire double combo, with possible downside levels aligning toward the 240–260 region depending on the depth of the final leg. These projected swings are guidelines, not certainties, and the internal structure of each leg must be monitored. Invalidation Level The critical level for this view is clear: A decisive move above 381.55 invalidates the entire bearish W–X–Y expectation. If price breaks and sustains above this level, the corrective interpretation collapses and a new bullish sequence would be favoured instead. Conclusion The internal characteristics of the rally—especially the RSI behaviour—support the idea that BPCL is unfolding a double combo correction rather than a completed impulsive advance. As long as the 381.55 level holds, the risk of further decline remains open, with a potential full completion of Wave Y lower. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:BPCLShort
by WaveXplorer
BITCOIN NEED BREATHE CRYPTO:BTCUSD BTC need take relief of selling because selling is continuously happened so one little bounce is possible and that bounce works as retest of channel breakdown. Reverse Scenario: Formation of any bottom pattern V shape recovery Long consolidation after with volume brake out. All chances is possible but there are low possibility 🧠 Always DYOR (Do Your Own Research) ⚖️ This is not financial advice or suggestion 👉 “Risk Is Real 💸 Stay Practical🚀” 💬 Please feel free to ask any questions (It's Free)
CRYPTO:BTCUSDLong
by Jatin109
L&T Technology Services: Correction Complete Near Golden Ratio?After a textbook five-wave impulse from ₹2,924 (2022 low) to ₹6,000 (2024 high), L&T Technology Services appears to have completed a proportional A–B–C correction, finding support precisely near the 0.618 retracement (₹4,099) of the entire advance. Wave Structure The advance from the 2022 low unfolded as a clean 5-wave impulse, capped by Wave 5 near ₹6,000. The subsequent decline subdivides neatly into A–B–C, with Wave C forming a perfect five-wave internal pattern. Sub-wave (v) of C bottomed around ₹3,951 — just below (iii), confirming structural completion with ideal symmetry. Fibonacci & Channel Confluence The decline halted exactly at the 0.618 retracement of the prior impulse — a zone that often attracts buying in post-impulse corrections. The downward-sloping corrective channel that’s guided Wave C is now flattening, with price repeatedly testing its upper boundary. A sustained breakout above ~₹4,300–₹4,400 would signal that the market may be transitioning into a new impulsive phase. Trade Perspective (Educational View) Scenario 1 – Bullish: A weekly close above ₹4,400 confirms breakout from the C-wave channel, opening the door toward ₹5,200 → ₹5,650 in subsequent impulsive waves. Scenario 2 – Extended Correction: Failure to clear the channel and a close below ₹3,950 would extend the correction toward deeper retracements near ₹3,600 or even ₹3,400. Summary L&T Technology Services has now checked every box of a mature corrective phase — Fibonacci alignment, structural symmetry, and wave alternation. A breakout above the declining channel would be the first real hint that the larger uptrend is ready to resume. Until then, patience beats prediction. Disclaimer : This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:LTTS
by WaveXplorer