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Parallel Channel

Bank NiftyBank nifty surprised me today by giving more trending movement compared to nifty. Bank nifty was lacking trending moves once its weekly expiry was reduced to monthly expiry. 😢 Coming back to the analysis, price is moving within a channel today. Price is testing the lower trend line of the upward channel and sustaining current level is important to be bullish. Buy above 48740 with the stop loss of 48660 for the targets 48820, 48900, 48980, 49100, 49180 and 49360. Sell below 48560 with the stop loss of 48640 for the targets 48480, 48400, 48300, 48220 and 48100. Do your own analysis before taking any trade.
NSE:BANKNIFTY
by vanathi
4
FSL taking support at Channel Bottom and Bouncing...Stock: Firstsource Solutions Ltd. 📎Chart Pattern: Ascending channel with a recent pullback. ✅Key Levels:Entry: ₹380.35 ✅Target (T1): ₹423.10 ✅Stop Loss (SL - Closing Basis): ₹344.70 📎 Observations: ✅Stock is consolidating within a rising channel and has bounced from its lower trendline. ✅The 50DMA(Green) and 200DMA(Yellow) are acting as strong supports, suggesting bullish momentum. ✅RSI and volume remain aligned with the uptrend. 📎Risk-Reward: It is favourable for swing and positional traders. Further additions above 423 would be possible if we get a clean breakout with volume. EveryPullback to 50/200 DMA is a buying opportunity. ⚠️Overall Market sentiments are weak and we are trading against the trend. Disclaimer: This analysis is for educational purposes only, not financial advice.
NSE:FSLLong
by sagartharayil
Nifty 50 at a Critical Support: Rebound or Further Decline?Hello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a daily timeframe analysis on Nifty which is trading within a Bearish Falling Channel and recently broke down from a smaller Bullish Channel , indicating continued weakness. It is now approaching a Strong Support Zone , which could either lead to a rebound or a fall toward 22,246 if the support breaks. The RSI shows bearish divergences aligning with past declines, while recent bullish divergence suggests possible support. This is a key level to watch closely. Disclaimer: This post is for educational purposes and not financial advice. Always do your research and manage your risk. Don’t forget to like and follow for more trading ideas like this. Check out my profile @TraderRahulPal for other detailed insights into technical and fundamental setups. Let’s grow together!
NSE:NIFTY
by TraderRahulPal
11
TMCFGRNZM: Breakout Could Fuel Bullish MomentumNCDEX TMCFGRNZM is showing signs of potential growth, but the increase so far hasn't been significant. According to Elliott Wave analysis, the price has formed an impulsive pattern, with wave (c) of wave ((4)) reaching a level of 13,000 . The price is currently in the final wave ((5)) of the impulsive cycle. For this to confirm the impulsive movement, the price needs to break above the level of wave (B), which is at 16,590. A strong resistance is expected at wave B, and if the price breaks through this level, it could boost the bullish momentum, leading to a new high. However, without this confirmation, the price may not be suitable for long-term investment and could remain in a corrective phase. We will update further information soon.
NCDEX:TMCFGRNZM1!
by forextidings
1
BIRLASOFT at RetestBelow are the some points to go through for better analysis: 1. At Retest level 2. Risk Reward is almost 1:2 to 1:6. Disclaimer: Content shared on or through social site channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:BSOFTLong
by navneet2109
Positional Long : Aarti Industries Aarti Industry has given a good correction of ~64% from its top due to weakness in its energy business, drop in Mono Methyl Aniline (MMA) margins ,and is trading near a important support area i.e 400 level. Currently its following a descending channel pattern and has formed a double bottom pattern. Earlier price has formed a Head & Shoulder pattern, & price descended ~25% which was due as per the H&S Pattern. Given the headwinds looks like a good positional buy with a staggered accumulation approach in major dips. ⚡Note: This is just for analysis purpose, please do your own research before punching any orders. 🔍 For more technical analysis and trade setups, make sure to follow me on trading view. 🔗 Trading View: in.tradingview.com/u/DebasisT/
NSE:AARTIINDLong
by DebasisT
PNB: Oversold Stock with inherent bullishnessTopic Statement: The stock has become oversold but shows recovery potential as it moves in an up-trending channel following a recent breakout over the downtrend line. Key Points: 1. The stock recently broke out over its downtrend line, signaling a reversal. 2. It is moving in an up-trending channel, indicating bullish momentum. 3. The price is currently below the 180-day moving average, making it oversold and a potential buying opportunity.
NSE:PNBLong
by yogeshwar