ALICON | Channel pattern - Looks good for 25% CMP : 862 SL : 800 Target : 1080 1:3+ risk reward setup
Bank of India, forming pole and flag pattern....(pole with high volume) forming base and waiting for channel breakout.......... trade according to risk tolerance..........
Breakout of descending channel pattern + retest from 50 EMA.
A short term bet. Upward channel. Making a nice base and showing reversal signs. So I expect some momentum in immediate upcoming sessions.
A "Bullish Channel" and "Bullish Price Action" are related concepts in technical analysis that both indicate positive market sentiment and an upward trend. Here's an explanation of each: Bullish Channel : A Bullish Channel is a technical chart pattern that represents an upward price trend with clear boundaries or channel lines. It typically consists of two...
A slanting channel on 2 hr time frame, a break out of which can lead towards 620 area and drop from the channel can bring the price to the lower end of the channel or the buffer support area. Beyond which it can retest 550-555 levels. but on the larger Daily Time Frame, its a head and shoulders in formation and a breakout of which will come above 620. Do like...
BSE is into Parallel channel since beginning and it may try to test the upper edge of the channel
GODREJIND | Excellent trendline setup - Looks great for 30% CMP : 485 SL : 450 Target : 630 1:4+ risk reward setup
The stock has given breakout from long range of patterns majorly inverse head and shoulder and has consolidated after giving breakout which is a good sign
The stock has formed a parallel channel and the stock is at crucial level and can possibly rebound
ASALCBR | Channel breakout - Looks potential for 30-35% CMP : 467 SL : 425 Target : 620 Almost 1:4 risk reward setup
parallel channel in progress. however this is overbought. retracement towards 600 would be good for fresh entry. Moving forwards as well it may remain slow of a year may be
Price is moving in the range 19920 - 20040. Now it has formed a channel. Movement within the mentioned range and channel will give choppy move. Buy above 20040, stop loss 19980 for the targets 20100, 20160 and 20220. Sell below 19920, stop loss 19980, targets 19860, 19800 and 19760. Always do your own research. This analysis is for educational purpose only.
parallel channel break out is done however the rest of BO has not happened yet look for the oppurtunity of retracement for best buy near BO 90 and it may try to test 190 level
it has perfectly retested the old breakout zone entry and stoploss mention on charts chart is in bullish formation this is for learning purpose only. one can always analyse before entering the trade.
got too much overbought in May 2021 and since then it's trying to cool down and consoildate Until parallel channel is not breached. avoid entry consolidation period may continue for next few months
since late 2018 it started parallel channel and smoothly slowly deligently following the parallel channel recent consolidation was berakout from the triangle consolidation.
UJJIVAN SMALL FINANCE BANK (UJJIVANSFB) is breaking out of a 2 month parallel channel with good volumes. Huge volumes and RSI uptick.