Indusind Bank has been moving in a rising parallel channel from 23 January 24. The difference between the lower trend line of the channel and the upper trend line of the channel is Rs 122 to Rs 130.
On April 19 it bounced from the lower trend line. If you feel like taking a chance you can buy and look for an upside of Rs 90 atleast.
MMTC had given a breakout on monthly basis in January 2024 and now we are seeing the pull back and retest.
Coming to a lower TF like daily or hourly we can see that it has been moving in a Parallel Channel from Aug 2023 consistantly making Higher Lows and Higher Highs.
Taking 1 HR. Time frame we can see that it is making a Cup and Handle pattern. We have yo wait...
BTC just broke the channel pattern in 15mins TF and again consolidating between 63600 & 63300 in channel pattern.
Break in either side can give a good move.
Resistance 64800
Support 61800
CNXIT breadth is 100% since 3rd May 2023
past 20 year this index is in parallel channel.
after sideways movement can we may expect an upmove which will bring bear trap for current setup
BNF is trading near the 1hr TF support of 474000. Also it to be noted that BNF has fall 1400 points from its ATH. Still BNF is trading near the support zone of 47400 & 47600.
If BNF moves upward we will have a immediate resistance of 47800.
Below are the resistance level to watch
Resistance 1 48100
Resistance 2 48250
If BNF moves downward we...
Hi,
price taking support on trendline . price making swing higher highs. it will possible chance to price will move upside form demand zone which is marked in green area
targets will be Resistances are marked as red horizontal lines.
below day closing of previous swing low is Stop loss
This idea is for Educational purpose and paper trading only. Please...
NIFTY50 (1W TF) UPDATE - 15th April, 2024
Pattern: ASCENDING CHANNEL
- Reversal at the top of the Weekly Channel Resistance - Done ✓
- Might expect more of a fall in the Indian markets, mainly due to the US markets sell-off on Friday
- Geo-political tensions due to the Israel-Iran conflict might also have some repercussions
- Volatility is going to be high
-...
price is traded in Channel and traded at lower end of channel so it s possible chance that price will move upper side
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Expecting markets will jerk on APRIL 12 FRIDAY....
OPEN IN GAP DOWN of around 22600
Immediate fall again to around 22500....then
there are chances to reach 22850... then we can expect a real fall NSE:NIFTY
REMEMBER .....THIS ARE ALL EXPECTATIONS....
![UBL: [Swing Trade] UBL 1925 - FUT](https://s3.tradingview.com/f/FCyTx8To_mid.png "[Swing Trade] UBL 1925 - FUT")
