Parallel Channel

Kinnari_Prajapati

Parallel channel with gravitation on the weekly chart-: If you see the price between line (b) and (c), you will note that price is trading longer time into this area. Presently, the stock price is the (d) or value low which is support....

Kinnari_Prajapati

DRREDDYS openned with Gap up and broken line(b). Selling above line(a) is not bad idea. ATR 182 CMP 3386 with high --> 3386 + 182 = 3568 R Suppose to create tail, then resistance 3455. Steps to sell=: @3434-3466 next @3568

Kinnari_Prajapati

I am not going to write here anything.

Kinnari_Prajapati

We created a parallel channel by looking at market pivots that have lines (a), (b),....(e). If look at this chart and drawing minutely, then you will found that where are maximum points(dots). That is called gravitation to attract the price value. In the future, while the pullback price tries to test this line in the coming days. Fibonacci ratio, Many traders...

Kinnari_Prajapati

A parallel drawn support and resistance line. Remarkable point: this stock always been seen in a Rhythm. if Rhythm holds the same, then definitely Investors will take a step between 1038-1008. Final support is at 924 if breakdown 1000 below or closed. The point to be marked: Whenever there is a change in normal / avg. volume, stock takes U-turn which is positive...

Gaurav0007

how it performs tomorrow let's see.... follow on telegram @paidstocksignals

Kinnari_Prajapati

Almost many things are till remaining on the chart although i have plotted following: Flag pattern Major and minor channel Initiativ move Resposive move major and minor support level Waves future expected resistance is at 1661 nearby

Kinnari_Prajapati

In the last update, I expected a responsive move(bounce back after falling from the channel). I have already written about this simple strategy INITIATED move after the breakout channel and Result move (bounce back). The same thing happened here. The price back after Initiated move. I know that Here are many traders who don't about some different strategy, I am...

Kinnari_Prajapati

Triangle Channel Flag pattern The resistance of the channel 908-922 range.

Kinnari_Prajapati

Everything is in the chart. I will update shortly daily chart for accurate level to short this stock.

Kinnari_Prajapati

Patterns

georginsabu

NSE:KSL Testing Channel. Break out from a previous bearish channel is observed entering a new sideways channel. If breaks either support or resistance of the new channel, good movement could be observed.

Kinnari_Prajapati

Hard to substain or maintain channel in this case. Bearish Mode.

SafeTrader1976

Break Out Retest in Channel. At Support. Potential AB=CD. Volume At Support. Other Details Mentioned In Chart. Positional View For Educational Purpose Only. Please Consult Your Financial Advisor Before Taking Any Decision. I am not SEBI Registered Financial Advisor.

georginsabu

NSE:COALINDIA Chances are it may bounce back to the channel.If breaks support ,bearishness can be awaited.

Kinnari_Prajapati

Low Rs. 33.85 (Support Rs. 33.35) Created high Rs. 42.7 on Friday. Little correction in easy target Rs, 43.35 Hope, you enjoyed this analysis:

Kinnari_Prajapati

Looking at the Gravitating line(Red), you can how there is an active attraction from 1 to 8. The Price is moving toward the support level(225) on a strong(tight) value area(Channel) where investor's eye is looking to buy this stock. The changing and crossing over the Average Volume should be best sign for creating a position (target 257 and 280). The current...

ssen

Price is moving in very wide downward sloping channel. Although price is extremely oversold in weekly chart, but it might test a very old support (marked as Target-2) before turning around. Till then keep shorting with strict stop loss or option hedge.