Get started

Parallel Channel

GICRE - UPSIDE POTENTIAL OF 40%Hi All, General Insurance Corporation of India - CMP (406) Market Cap - 71309 Cr Stock PE - 10.7 Book Value - 315 Promoter Holding - 85% EPS - 38 As per the technical pattern on weekly timeframe, price action has formed Bullish Continuation Pattern and is currently trading at lower channel of the trend formation. An upside of 40% is clearly visible over coming months which is the upper channel of the bullish pattern. In the current week, price action has broken the horizontal resistance as well confirming the upside in near future. Relative Strength has also turned positive on all major time frames. As per fundamentals, Stocks is still undervalued at PE of just 10.7 with sector PE of 17. Healthy Dividend of 20.4% CAGR growth of 24.1% over last 5 years Hope everyone enjoys this trade! Happy Trading, Thanks, Stock-n-Shine
NSE:GICRELong
by Stock-n-Shine
2
Mighty Nifty - June 20Price is still moving within an upward channel. Zig zag movement makes the trend to change fast. Buy is when the price is taking support at the lower trend line of the channel. Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 23480. Stop Loss : 23440. Targets : 23520, 23560, 23600 and 23640. Sell below : 23380. Stop Loss : 23420. Targets : 23340, 23300, 23260 and 23220. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:NIFTY
by vanathi
2
Is IEX ready for a 100% upmove? Charts says YESIs Indian Energy Exchange (IEX) all set to fire up? We are expecting big targets based on the following key technical points: Great Correction (Fib): The price underwent a deep correction of more than 61.8%, almost reaching the 0.786 Fibonacci retracement level from the top. Price Action Structure Change: The price has changed structure since it broke the previous high on the monthly time frame and sustained weekly candle. Ichimoku Confirmation: There is a strong TS & KS breakout, and it looks poised to break the cloud as well. A strong base has been created, and a breakout has occurred. Fib Channel + Fib Extension: The price respected the channel bottom and reversed strongly. Based on the channel targets, there is a high chance of hitting 360+ in the coming months. Wave Analysis and Targets: The stock is in either Wave C or Wave 3. The minimum targets for Wave C are 287 (61.8%) and 394 (100%). Any move beyond this is a bonus. Use Ichimoku (Daily Time Frame) for Higher Profits: Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:IEXLong
by WaveMoku
Mighty NiftyPrice was moving within a channel for few days and the movement is also very less. 23500 is an important level to decide the trend direction. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 23520. Stop Loss : 23480. Targets : 23560, 23600, 23640 and 23680. Sell below : 23420. Stop Loss : 23460. Targets : 23380, 23340, 23300 and 23260. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:NIFTY
by vanathi
1
NIFTY SELL TRADE There are chances that nifty can give the great sell trade *Reasons for trade 1) price over buyed 2) There is rsi divergence on 1 hr timeframe 3) moving inside a channel pattern 4) price is going up but volume is contiously decresing # make sure you set your own stoposs #one can take trade ones market start breaking download *Discaimler* "Dont trade just on my idea do your own anaylis then decide you wanna take or not dont just trust blindy" # BEST OF LUCK #
NSE:NIFTYShort
by buildingmyself
NIFTY50 - SELL AND RUN AWAY ?Symbol - NIFTY50 CMP - 22960 NIFTY50 is following a rising channel & headed strongly towards its higher end. Currently It is trading near round level of 23000. According to my analysis & my view, Nifty50 will face strong resistance around round level 23000 - 23100 which is also upper end of the rising channel. I'm expecting Nifty to show a reversal from these levels & It may witness a strong profit booking. General Elections result is due on 4th June & because of this, INDIAVIX has shot up from 11-12 levels to 22 level. This is also hinting a reversal. If any negative news flow comes in coming week or on elections result day, We may see huge fall in Nifty50. Hence I am creating huge short positions in Nifty50 June Futures at CMP 22960. I will add more position between 23150 - 23250, if comes. My SL would be 23400 & Targets I'm looking for are lower end of this channel which is around 22050 - 22120 & If it breaks this channel pattern on downside, We will see huge fall till 21000 easily (which is my second target) & beyond. Risk is small here & Reward is huge. That's why taking more position than usual. Not taking any position in options as May series options are expiring in 4 days & premiums of June series options are very very inflated. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:NIFTYShort
by akshit_official
8