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Parallel Channel

A channel can be used as an entry pattern for the continuation of an established trend, as part of a trend following strategy. A channel forms when price action is controlled by 2 parallel, sloping lines and has tested each of these lines at least twice. An ascending channel indicates a bullish trend, with the support line connecting consecutive higher lows and the resistance line connecting consecutive higher highs.

A descending channel indicates a bearish trend, with the support line connecting consecutive lower lows and the resistance line connecting consecutive lower highs. Generally speaking, the support line of an ascending channel is a buy zone and the resistance line of a descending channel is a sell zone, while the opposing lines are profit-taking zones. A common stop level lies on the other side of the buy or sell zone. Conservative traders may look for additional confirmation before entering a trade. TradingView has a smart drawing tool that allows users to visually identify channels on a chart.
Einstein15 Einstein15 TOP SUNPHARMA, 15,
SUNPHARMA: SUNPHARMA Channel Breakout
49 0 8
SUNPHARMA, 15
SUNPHARMA Channel Breakout

SUNPHARMA is moving in a down channel since few days, broke out and tested the yellow resistance. Its now back on the channel edge testing the channel support, awaiting either a reversal or a breakdown

safetradingviews safetradingviews JUSTDIAL, D, Short ,
JUSTDIAL: Just Dial - In a Channel.
128 2 5
JUSTDIAL, D Short
Just Dial - In a Channel.

Moving in a Channel. Falled from Resistance Level of Channel. Positional View. Other Details Mentioned in Chart. I am not SEBI Registered Financial Advisor.

vanathi vanathi TOP BANKNIFTY, 60,
BANKNIFTY: BankNifty - Will it give fireworks this week?
248 0 14
BANKNIFTY, 60
BankNifty - Will it give fireworks this week?

Priceaction is facing resistance at 24720 - 24740 level. On breaking it, price will move towards 25000. On the other hand price will move towards 24460 for support.

Einstein15 Einstein15 TOP TATACOMM, 60,
TATACOMM: TATACOMM Channel Breakout
69 3 11
TATACOMM, 60
TATACOMM Channel Breakout

TATACOMM is moving in a channel, respecting a neckline, breaking our of it finding resistance at upper channel. Awaiting retest of neckline or breakout

NeeteshJain NeeteshJain TOP THYROCARE, W, Long ,
THYROCARE: Thyrocare - Technically and Fundamentally Strong
329 0 23
THYROCARE, W Long
Thyrocare - Technically and Fundamentally Strong

It has been observed on the daily and weekly chart that the price action corrected heavily from the high levels and now reached to the previous resistance which now acting as strong support zone. Now, it showed strength on the support zone which is indicating that buyers are coming and taking control over price action and shall further resume the previous ...

safetradingviews safetradingviews NIFTY, D, Short ,
NIFTY: Nifty - Channel.
262 0 13
NIFTY, D Short
Nifty - Channel.

Nifty as per view dated 30.09.3017, achieved all targets on long side. https://in.tradingview.com/chart/NIFTY/9eU0Nhax-Nifty-Trend-Line-Support/ Now Nifty moving in channel. Tripple Top Formation. Details Mentioned in Chart. I am not a SEBI Registered Financial Advisor.

Einstein15 Einstein15 TOP RBLBANK, D,
RBLBANK: RBLbank Flag Breakout
158 0 14
RBLBANK, D
RBLbank Flag Breakout

RBLBANK had a great leg up , no moving in a longggggg flag. its bouncing off 382 FIB level. acting as a good supports at the moment.

indiamarketoutlook indiamarketoutlook AMARAJABAT, D, Long ,
AMARAJABAT: Amara Raja Batteries view
130 2 4
AMARAJABAT, D Long
Amara Raja Batteries view

Amara Raja Batteries Last closing Price 690.55 Observations - In downtrend since May 2017 - RSI in Oversold region - Channel support around 674 - Inverted umbrella (also known as gravestone doji) observed in prevailing down trend with high volumes ____________________________________________ Risk to reward ratio looks good to go long with Target around ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP BHARTIARTL, 45, Long ,
BHARTIARTL: Bharti Airtel -Morning Star-Talents/Patterns can't be hidden@398
463 12 21
BHARTIARTL, 45 Long
Bharti Airtel -Morning Star-Talents/Patterns can't be hidden@398

Morning Star –Talents / Patterns cannot be hidden@ 398-408 Fold your hands & say thank you to Morning Star- They will feel nice. Talents/ Patterns cannot be hidden for long, they are like bubble or soda pop in the fizzy water. Megha Mishra, A talented kid for the music industry is all set with her mind blowing song "Who am I" for an upcoming ...

vanathi vanathi TOP NIFTY, 60,
NIFTY: Mighty Nifty - Diwali week Review!
387 4 16
NIFTY, 60
Mighty Nifty - Diwali week Review!

Priceaction is trending out of the channel. Resistance is seen at 10240. On breaking the resistance, price will move towards 10320. 10100 will act as support now. On breaking the support price will move towards 9990.

AbhishekHSinghCMT AbhishekHSinghCMT TOP NIFTY, 30, Short ,
NIFTY: Nifty- No Selling Above 9900- Bearish Harmonic@10034 & Wedge
1893 38 49
NIFTY, 30 Short
Nifty- No Selling Above 9900- Bearish Harmonic@10034 & Wedge

If Nifty Holds above 9900 - Avoid Selling as updated in previous update - Nifty Travelled 10034 as of 10th Oct2017. We are having deep crab bearish harmonic at 10034 - Likely Bulls should book profit & look to sell in 10010-10025 with stops above 10075. There is a wedge pattern which is forming on both indices Nifty & Bank Nifty & have been chopping upside for ...

Einstein15 Einstein15 TOP M_M, 60,
M_M: M & M  Channel Breakout
88 2 9
M_M, 60
M & M Channel Breakout

M&M is moving in a down channel for a while, currently on the edge awaiting breakout/reversal.

Einstein15 Einstein15 TOP BEML, 120,
BEML: BEML Channel Breakout
101 0 10
BEML, 120
BEML Channel Breakout

BEML is moving in an up channel for 4 months now. Currently on the edge of channel for reversal / breakout.

safetradingviews safetradingviews ALLCARGO, W, Long ,
ALLCARGO: AllCargo Logisticks - In a Channel.
48 0 6
ALLCARGO, W Long
AllCargo Logisticks - In a Channel.

On Weekly Chart Moving In a Channel. Can Test 199/209/219, Support @ 151-145. Investment View. I am not SEBI Registered Financial Advisor.

Einstein15 Einstein15 TOP BPCL, D,
BPCL: BPCL Up Channel
92 0 12
BPCL, D
BPCL Up Channel

BPCL has been moving in an up channel for over an year. Median acting as a good indicator of crossover to the other half. CUrrently its testing the median, for a breakout into upper half or a reversal.

Einstein15 Einstein15 TOP CHOLAFIN, 15,
CHOLAFIN: CHOLAFIN Channel Breakout
53 0 10
CHOLAFIN, 15
CHOLAFIN Channel Breakout

CHOLAFIN is moving in the channel for a while, currently in the breakout/reversal zone After a huge leg up yesterday, it may flag and break.

Einstein15 Einstein15 TOP RAYMOND, 60,
RAYMOND: RAYMOND Channel Wedge
72 0 11
RAYMOND, 60
RAYMOND Channel Wedge

RAYMOND is moving in an up channel for a while, now making a wedge on the upper part of the channel. EIther breaking out of the channel or breaking down the rising wedge.

Einstein15 Einstein15 TOP BAJFINANCE, 60,
BAJFINANCE: BAJFINANACE Triangle
83 0 8
BAJFINANCE, 60
BAJFINANACE Triangle

BAJAJ FINANACE is moving up in a wedge/triangle. taking resistance from top sup/resistance level

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