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Parallel Channel

ZOMATO: On A Steady Bull RunTopic Statement: ZOMATO is on a steady bull run within an up-trending channel, offering accumulation opportunities near the 180-day moving average despite struggling to sustain above 300. Key Points: 1. The stock is moving steadily in an up-trending channel, reflecting bullish momentum. 2. Accumulation is recommended when the price approaches the 180-day moving average. 3. The 300 level remains a critical resistance, with the price unable to hold above it.
ZLong
by yogeshwar
HCLTECH: Bullish Momentum Awaits Quarterly Results Topic Statement: HCLTECH is on a bull run, moving in an up-trending channel, but overbought conditions may lead to a correction pending upcoming quarterly results. Key Points: 1. The stock is rising within an up-trending channel, indicating strong bullish momentum. 2. The price is overextended above the 180-day moving average, signaling overbought conditions. 3. The sustainability of the bullish trend depends on the outcome of the upcoming quarterly results.
NSE:HCLTECHLong
by yogeshwar
Nifty Short Strangle - Dec 19th ExpiryThis week’s Thursday ( Dec 19th, 2024 ) marks the weekly options expiry. Analyzing the chart, we observe an ascending channel and a descending trendline converging at significant levels for the expiry date. The ascending channel’s upper trendline intersects 25400 on Dec 19th. The descending trend-line intersects 24100 on the same date. If Nifty respects the above trend-lines, then on expiry day, Nifty will be trading between 24100 and 25400. Short Strangle with 24100 PE and 25400 CE could be used to trade this strategy. Risky S&R to watch: The ascending channel’s lower trend-line intersects 24450 on Dec 19th, but this represents a risky support level. And 25000 is a risky resistance level to watch. We suggest not to trade these two levels as they are too risky.
NSE:NIFTY
by Arun_Muthuvijayan
OLA ELECTRIC MOBILITY: Consolidation After Channel Breakout.✅ Falling Channel Breakout: The stock recently broke out of a steep falling channel, indicating a potential trend reversal. ✅ Consolidation Above Support: Currently consolidating between ₹92-₹103, forming a solid base for the next potential move. ✅ Volume Spike on Breakout: Significant volume was observed during the breakout phase, adding conviction to the bullish bias. 🎯 Key Levels to Watch: Entry: ₹103.30 (Breakout confirmation above the consolidation range) Stop Loss: ₹88.53 (Closing Basis) Target 1: ₹123.37 Target 2: ₹158.16 💡 Risk/Reward Analysis: Risk: ~15% (₹103.30 to ₹88.53) Reward: ~19% for Target 1, ~53% for Target 2 📌 Trade Setup: Wait for a breakout above ₹103.30 with volume to confirm entry. Ensure strict risk management to protect your capital. Caution: Market volatility may influence the stock's movement. Always align trades with your investment strategy and risk tolerance. #OlaElectric #BreakoutStocks
NSE:OLAELECLong
by sagartharayil
Wipro Gearing Up for a Stage 2? Add to your WL.After the bonus issue, Wipro is setting up again -Forming a base right at a resistance level. -Narrow Range candles. -Dry Volume. -Stock is in an uptrend. -Could be a potential stage 2 Wait for the entry to trigger for a fresh entry. Wait for a confirmation of stage 2. Entry: Above 315 SL: 283 day closing basis. Risk- 9.7% Potential Reward: 18% RR: 1:1.9 A word of caution: The Quarterly earning releases are due on January 8. Watch the Price action near the T1 ( 371) for further addition to the existing position or for fresh entry. Lock some profit at T1.
NSE:WIPROLong
by sagartharayil
BTCUSD - Channel BO - WKLYThe chart displays Bitcoin's price action (BTC/USD) over a weekly timeframe, suggesting a large channel BO. Key insights: 1. **Resistance Zone**: Around ~$65,000, which acted as a historical peak during earlier bull runs. 2. **Breakout Target**: - The measured move of ~$54,840.25 (approximately a 72.17% rise post-breakout) suggests a price target near **$131,176.66**. 3. **Volume**: Noticeable increase in volume during the breakout, signaling strong buying momentum. 4. **Current Price**: Bitcoin is trading near ~$107,367.64, consolidating above the breakout resistance. The chart anticipates a bullish continuation toward the projected target (~$131,000) if the breakout holds, in line with historical price structure.
BINANCE:BTCUSDLong
by Vem_TA_Charts
TRBUSDT: Bullish Breakout or Retail Trap?Yello Paradisers! TRBUSDT is showing signs of a potential bullish move, backed by its strong bullish market structure and a supportive trendline. However, this setup could soon become a classic trap for retail traders if the market induces premature entries. 💎If TRBUSDT takes inducement and shows a clear I-CHoCH (Internal Change of Character) on lower timeframes from the support zone, it will significantly increase the probability of a bullish breakout. 💎On the other hand, a breakdown and candle close below the support zone will invalidate this bullish idea, signaling caution. In that case, waiting for a more defined price action structure would be the smarter move. 🎖Discipline and patience are the keys here, Paradisers. Remember, a well-planned entry is far more valuable than chasing uncertain setups. Stay focused, trade strategically, and let the market come to you! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Analyzing morepen laboratories _12th DEC 24BULLISH BREAKOUT : TECHNICAL OVERVIEW - The stock chart of Morepen Laboratories Ltd. on a daily timeframe, showing a breakout from a descending triangle pattern. This technical breakout, accompanied by higher trading volumes, suggests a bullish momentum in the stock price, as the resistance line has been breached decisively. The 50-day Simple Moving Average (SMA) below the price indicates a positive trend, further supporting the likelihood of upward movement. Traders may consider this breakout as a potential entry signal, provided the stock maintains its position above the breakout level and sustains volume. However, monitoring broader market conditions is advised for risk management.
NSE:MOREPENLABLong
by vivekspatil19
Time to Buy/Bottomfish #cochinship ?At this juncture cochin Shipyard offers good RR. From a deep price and Time correction, the stock formed a base and broke out of it and showing signs of reversal. A potential stage 2. The reasons for going long are as follows. -Stage 2 Breakout -Formed Double Bottom in DTF -Narrow Range candles with Dry Volume - Channel Breakout. Keep In mind: - Volumes need to improve. -Expect Shakeouts. Tweak the SL as per your risk appetite. Like I mentioned in the beginning, if this is a reversal then the reward will be high. As always- Please study the chart and do your due diligence. And please do not trade on any tips. Enter only if you understand the company, the chart and the price. #StocksInFocus
NSE:COCHINSHIPLong
by sagartharayil