BRITANIA breaking parallel channel #weekly with huge volume good rsi #target can be 6100 after breaking 5400 EDUCATIONAL IDEA
PNB after breaking out of a Monthly resistance Trendline has been moving in a Parallel Channel from 30 January 24. It gave a false breakout and reversed from there. The next support would be the monthly trend line or the Bottom Trendline. Iam already invested and would be adding some more quantity @ around 120-122.
NIFTY50 Update (1W TF) - 6th May, 2024 - Trading inside the channel as of now - The Support Zones are marked out - A weekly candle will give us clarity on which side the Nifty may head to - This should help choosing our Swing Trades as well If you are in FOMO: - Then ensure to choose stocks that are at Weekly support levels only - Do not jump into falling knives...
Appears to be Jewellery custom index breaking down from parallel channel
Price is bearish as long as it is inside the channel. And the movement will also be a zig zag move. Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 49040. Stop Loss : 48960. Targets : 49120, 49200, 49280 and 49360. Sell below : 48920. Stop Loss : 49000. Targets : 48840 ,48760, 48700 and 48620. Check the live market updates. Hit the like...
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.
As I suggested,HDFCAMC upside breakout done . Already said that buy above 3790.now HDFC give 3985. 5% done and dusted
Its following a channel.. currently breaking out and might retest in coming days. DAILY RSI is 70 showing strength / Weekly RSI is 66 ( Showing strength) Monthly RSI 49.12 . Ideally I would want it to be above 50 but this is good and should get over 50 by the end of the month.. Price might jump to previous highs
Choose parallel channel . Then connect the end of wave i to the end of wave iii and make a parallel channel connecting to the end of wave ii. Only if the channel is broken on the lower side with resistance , we can conclude that wave iii is over . If the parallel channel gives support it means we have a 1-2-123... in progression . Investors should hold because...
Beautiful channel is ready to trade on shorting with a small affordable stop loss.
NSE:HCLTECH Weekly and Daily TF analysis Wave 4 correction looks getting over Wave 5 Rally shall resume
Similar conditions as in the nifty idea I shared earlier. Top of parallel channel, distribution visible in RSI. SL is weekly close above ATH. Look for breakdown of the upsloping red line for confirmation of trend breakdown instead of picking a top. Disclaimer : For educational purposes only ! Link to Nifty idea :
GUJGAS triangle pattern is waiting for breakout.570 is a good resistance also if this resistance break,upside breakout will happen
Price faced resistance and fall down nicely and it is bullish as long as it sustains above 48160. Now it has formed a mini channel. Pattern : Channel(Mini). Range : Medium. Trend strength : Normal. Buy Above : 48180. Stop Loss : 48100. Targets : 48260, 48340, 48420 and 48580. Sell below : 47960. Stop Loss : 48040. Targets : 47880 ,47800, 47720 and 47620. Check...
Disclaimer : Educational ideas only. You are responsible for whatever you choose to do from this analysis. From the chart, we see two very powerful upsloping resistance lines in green, one from a decade ago, another from 2020 low. In addition, we see a bullish flag like consolidation under the resistance line, but in RSI, we see lower highs and lower lows...
For Education Only. About to break the sideways structure. High probability of explosion going further with first potential target at ~14-15%. About the break the structure with high volume.
Bank of India is testing its resistance level. It can be move further once it closes above the high of the range.
NSE:AFFLE has broken its downward parallel channel and has started moving in an uptrend, may rise to 1320 level in the nearer term.