BankNifty Analysis The real reason why Nifty50 reversed course today - BANKNIFTY. Yesterday we discussed how it took out the swing high set on wednesday. You wont believe that we took out yesterday’s swing high today even after opening with deep cuts. In the opening minutes, we dropped to 43504 well below the first support of 43566. I really thought the support...
Buy Sail with a stop loss set at 80 and a target of 140.However, depending on the individual's risk appetite, it may be necessary to adjust the stoploss and target accordingly.This means that the investor should consider their comfort level with potential losses and gains before implementing this strategy. "Trading is not about predicting the future,...
#Arihantsup #channelbreakout #channel ARIHANTSUP : >> Good strong Channel breakout, need followup >> Good Volumes & Strength in stock >> Low Risk High Reward Trade ( 60% upside possible) >> Swing traders can lock profits at 10% & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a...
1. Trend - Bullish 2. Pattern - Uptrend Channel 3. Strength - Under consolidation 4. Market Aliment - Yes
Nearing the price last reached in September 2018, L&T Finance Holdings shows good structure for a potential upmove. In consolidation mode since July, the price has inched up for a possible breakout. However, in case of breakout failure, can save the trade with a 5-8% stop loss. Not a buy sell recommendation. Do consult your registered financial advisor.
Hindunilvr has been trading within parallel channel from past 25 years. I don't have any position
HUL Chart set up - we are looking at weekly chart of HUL - Stock is trading in a channel since July 2022 - currently at lower end of the channel View - Range bound movement Trading Strategy - Consider to accumulate at current levels and on dips for a target potential of 2730 odd levels - If weekly closing is below 2393 then pattern gets invalidated ...
Price gave good move today and now it is forming a channel pattern. Break out can be in any direction. Support zone - 19000 - 19020. Resistance zone - 19290 - 19320. If price sustains the resistance then it will move to 19360, 19400 and 19460. If the price is unable to move above resistance, then it will fall towards 19220, 19180, 19140 and 19060. Trade with...
Market shows signs of recovery, but it's too early to say if the uptrend will continue? The market showed surprising strength on October 27, 2023, rising despite negative cues from the US markets. The market opened with a gap up and moved obediently according to the ascending channel pattern that had formed on the previous day. This suggests that bulls were in...
The bearish flag pattern is a technical analysis pattern used in financial markets, particularly in stock, forex, and cryptocurrency trading. It is a continuation pattern that typically occurs within a downtrend and signals that the price is likely to continue moving lower. The bearish flag pattern is characterized by a sharp, significant price decline (the...
Pre-market analysis for Bank Nifty: Possible surprise breakdown on expiry Bank Nifty followed the descending trendline and support and resistance levels that were plotted yesterday, as expected. No surprise breakouts occurred. I have plotted fresh support and resistance lines based on historical patterns. Considering expiry tomorrow, Bank Nifty may start with...
the fall started from 15% in Oct' 1981 until 0.533% in Jul 2020 has formed a parallel channel. Though the rise has been sharp and with very little consolidation. However it may start consolidating from 6-8% retracement from that may not be much, however time correction is needed as bond yield has increase too much in little time.
Nifty small cap approaching towards its bottom channel
Navin Fluorine has fallen 25% as of now. It is in channel from 2.5years and finally broken the channel. On monthly TimeFrame RSI is very weak and may fall more. Targets according to Channel Target1: 3500 (which is also 50% of channel level) Target2: 3050 (which is almost 35% from all time high)
HUHTAMAKI | Channel breakout in Monthly time frame - Looks potential for 80-100% CMP : 312 (Dip : 280) SL : 240 Target : 500++
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn...
IXIC (Nasdaq) | To bottom out in 1-2 days CMP : 13070 Support (SL) : 12800