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Parallel Channel

BHEL Elliott Wave Analysis Jan 2021DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
BSE:BHEL
by Niftydirection
1
Basic Part-1 : Tutorial of "Trendline and Parallel Channel".The trend line is a straight line that connects the minimum two price points to show the general direction in which price points seem to be going. Traditionally, the trend is used to find the next future price resulting in, it gives the trader a good idea of the direction, in which an investment's value might move. We basically use the trend line for entry and exit price. There are two types of trend lines: one is the Resistance line and another is a Support line .
NSE:NIFTYEducation
by Trade-Technique
169
Indusind Bank - 150 Points Crack Makes GartleyBest part of financial markets is they never move in straight line - ups & downs - downs & ups that's the beauty of the markets. Trading Strategy Plan A (Short Term) Strictly moving above 1360 levels later holding 1340-1360 zone as support for upside target - 1410-1420 zone Plan B Selling later, if stock stops in 1410 - 1420 zone post completing the target as suggested in Plan A. Target for selling as per this plan - 1395 / 1350 / 1320 Plan C Strictly buying only above 1420 levels for 1440 / 1480 targets upside - Not valid below 1420 levels Plan D Continue Long Term Targets as suggested in 15th Jan 2020 Idea - "Tops the Stops - Misses Street Estimate" Last Video Idea (Click Below) - "Tops The Stops - Misses Street Estimate -High-1585 " Thanks for watching the video & Have wonderful week ahead.
NSE:INDUSINDBKLong
by WaveTalks
17
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
NSE:NIFTYEducation
by Dinesh_C_Nagpal