Parallel Channel

CEAT is in the reversal / breakdown zone. Been moving in range for a while,after a huge leg-up of 900 points. can be thought of as a flag, on higher timeframe

NATCOPHARM is moving in a down channel making higher_lows and lower_lows.

IGL has been moving in a two week long channel. back on the edge of it, on a breakout/reversal level.

on the chart

on the chart

Everything is mentioned on chart... Note:Do your own study before making any new position...

In weekly, price at the ascending channel support. sl - 220, 1st tgt - 300

long term trend is quite bullish. in daily - price near uptrend channel support. with a sl - 1060(below channel support) tgt - 1280, 1300

on the chart

In longer time frame, it is in a strong uptrend. In daily, price at the support of ascending channel, with a sl below the channel support, one may aim for previous swing high then channel resistance.

In longer time frame it is in strong uptrend. In daily, hammer formed near ascending channel support. with a sl below the channel support, one may aim for previous swing high, then channel resistance.

In Gail the upside move will be more clear only if 386's zone convincing get crossed but we are entering based on Breakout & the pullback from today's high ( 5 mins can't be posted here ), so with the same triangle logic entry. But for few the uncomfortable thing here is, it didn't cross the resistance zone ,so doubts will arise. When uncomfortable or doubtful ...

In longer time frame, it is in strong uptrend. In weekly, it is bounced from the support of ascending channel. Also hidden bullish divergence is seen. https://in.tradingview.com/x/N0ZvFF8U/ sl - below channel support - 375. 1st tgt - 470, 2nd tgt - 520.

cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.

MRF is on the edge of channel. Can be a start of another HUGE leg up of 20k points.(previous leg ups were 20k each) or break down of an year long up channel.

Sanghi trading at support line in channel pattern, will it resume its upward journey.. target: top line of a channel.

TATACOMM is retesting the channel, after a small breakout. Its in the breakout/reversal zone. Might enter the channel again or give a big leg down.

In weekly, price touched ascending channel resistance line, now it is moving down. In daily, ascending wedge formed, support broken, now retesting the broken support. https://in.tradingview.com/x/h4WjHZCw/ Also BB shows the reversal in the trend. https://in.tradingview.com/x/c8E6vE2h/ Price can slide down to 180-170 range.