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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 LICHSGFIN, D,
LICHSGFIN: LIC HOUSING Channel Breakout
73 0 3
LICHSGFIN, D
LIC HOUSING Channel Breakout

LICHSGFIN has been in a down channel for six months now. Currently on the edge, awaiting a breakout or reversal on account of results.

safetradingviews safetradingviews BHEL, D, Short ,
BHEL: BHEL - Looks Bearish.
108 6 4
BHEL, D Short
BHEL - Looks Bearish.

Looks Bearish. Moving in Channel. Over Bought Zone. At Resistance Level. Risk Reward Favourable. Can be Short till 105-107. Positional View. Please Consult Your Financial Advisor Before Taking Any Decission. Other Details Mentioned in Chart. I am not SEBI Registered Financial Advisor.

Einstein15 Einstein15 TOP INFY, W,
INFY: INFY Cup Breakout
184 0 12
INFY, W
INFY Cup Breakout

INFOSYS is strongly moving up since 6 months now, reaching the neckline. Awaiting a breakout or a reversal to make the handle.May flag up before taking a direction

vanathi vanathi TOP VOLTAS, 60,
VOLTAS: Trader's Queries - Voltas
408 3 22
VOLTAS, 60
Trader's Queries - Voltas

PriceAction is trending in downward channel. I expect it will take support at 617. Trading strategy here is sell on rise.

AbhishekHSinghCMT AbhishekHSinghCMT TOP BHARTIARTL, 45, Long ,
BHARTIARTL: Bharti Airtel -Morning Star-Talents/Patterns can't be hidden@398
546 12 22
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 ...

Einstein15 Einstein15 TOP GODREJCP, 240,
GODREJCP: GODREJCP Channel Breakout
112 0 6
GODREJCP, 240
GODREJCP Channel Breakout

GODREJ CP has been moving in a slow up channel since six months.Currently on the edge, awaiting a breakout or reversal

arpitrawal arpitrawal NIFTY, D, Long ,
NIFTY: NIFTY SHORT
181 0 3
NIFTY, D Long
NIFTY SHORT

Nifty level reached top of a channel. Likely to fall from here

Einstein15 Einstein15 TOP BIOCON, 60,
BIOCON: BIOCON Channel Breakout
221 4 10
BIOCON, 60
BIOCON Channel Breakout

BIOCON has been moving in an upchannel for a month now, making lifetime highs on every swing highs. Made a flat top triangle recently and broke out of it, and retesting the level again. Awaiting a reversal or a breakdown

NeeteshJain NeeteshJain TOP JUSTDIAL, D, Long ,
JUSTDIAL: JustDial - Trend Continuation Channel Breakout
884 3 37
JUSTDIAL, D Long
JustDial - Trend Continuation Channel Breakout

It has been observed that the price action was trending up and then corrected sharply within a downward channel and now it is breaking above the channel indicating a further continuation move to 340 plus levels. T1- 535 T2- 545 SL-505

anandnst anandnst PRO JUSTDIAL, 60, Long ,
JUSTDIAL: #JUSTDIAL CASH : GOOD ABOVE 650
36 0 1
JUSTDIAL, 60 Long
#JUSTDIAL CASH : GOOD ABOVE 650

#JUSTDIAL CASH GOOD ABOVE 650 IN CASH FOR 657-658/668-670 & 680 ALSO STOPLOSS 642 CMP 635-36

Einstein15 Einstein15 TOP RELIANCE, D,
RELIANCE: RELIANCE Channel BreakDown
175 1 3
RELIANCE, D
RELIANCE Channel BreakDown

RELIANCE has been moving in an up channel for an entire year, currently on the edge. Awaiting a reversal / Breakdown

Einstein15 Einstein15 TOP BAJFINANCE, 60,
BAJFINANCE: BAJAJ FINANCE Channel Breakout
172 1 6
BAJFINANCE, 60
BAJAJ FINANCE Channel Breakout

BAJFINANACE is moving in an up channel for a month taking turns precisely at the edges. But since we figured it out, it won't behave that way :D. COmpleted it big leg down ,awaiting a Breakdown / Reversal

safetradingviews safetradingviews AMARAJABAT, W, Long ,
AMARAJABAT: Amaraja Battery - Break Out After Accumulation.
104 0 3
AMARAJABAT, W Long
Amaraja Battery - Break Out After Accumulation.

Break Out happened after Accumulation with Volume. After April - 2015 stock always respected accumulation zone & support zone of 791-751 & bounced. During Last Few Weeks it reversed from lows & break accumulation zone with volume, after taking support @ Lower Line of Weekly Channel. Above 200 EMA. Symmetrical Triangle break out. Can be accumulated Till 751. May be ...

Bravetotrade Bravetotrade UPL, 60, Long ,
UPL: Bearish Butterfly in a Bearish Flag
203 1 13
UPL, 60 Long
Bearish Butterfly in a Bearish Flag

Notes on the chart. "Wish you all a very happy and prosperous new year" Just trade safe and stay healthy. Regards Bravetotrade

safetradingviews safetradingviews MCLEODRUSS, D, Long ,
MCLEODRUSS: Mcleod Russel - Investment View.
90 0 2
MCLEODRUSS, D Long
Mcleod Russel - Investment View.

At Support of Long Term Channel. Can be accumulated till 173. Investment View for 6 Months. Other Details Mentioned In Chart. Please consult your Financial Advisor before taking any decission. I am not SEBI Registered Financial Advisor.

ParamjitMahapatro ParamjitMahapatro TATAINVEST, D, Long ,
TATAINVEST: tata invest looks bullish in short to medium term
38 0 3
TATAINVEST, D Long
tata invest looks bullish in short to medium term

in daily, price broke out descending channel with good volume, in weekly, hidden bullish divergence formed in weekly, https://in.tradingview.com/x/rC193QyX/ with sl - 827, 1st tgt - 1000, 2nd tgt - 1200

Einstein15 Einstein15 TOP OBEROIRLTY, D,
OBEROIRLTY: OBEROI REALTY Lifetime Breakout
109 0 7
OBEROIRLTY, D
OBEROI REALTY Lifetime Breakout

OBEROIRLTY is retesting the lifetime high it made recently. Moving in an up channel, its near the edge of it. Awaiting a breakout/reversal.

Akaash Akaash PRO GOODLUCK, W, Long ,
GOODLUCK: GOODLUCK INDIA UNDER  BULLS   CONTROL
34 0 1
GOODLUCK, W Long
GOODLUCK INDIA UNDER BULLS CONTROL

NSE:GOODLUCK#BULLISH

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