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Parallel Channel

Axis bankPrice was moving in a channel pattern and today it has given break out. Trend deciding zone is 1080 - 1085. Price has to sustain above it to move up further. Buy above 1085 with the stop loss of 1076 for the targets 1094, 1102, 1112 and 1122. Bearish below 1076 and price may test 1060 level. If price is unable to sustain the mentioned level, then once again price will go inside the channel pattern and the movement will become choppy. 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:AXISBANK
by vanathi
Wave - 5 breakout in Adani Power1. There is formation of typical Bullish Flag like pattern on Daily Time frame and breakout above 590 can take the price to 750/- price level I.e. potential of approx. 30% upmove with a stop loss below today’s low I.e. 517/-. Giving an excellent opportunity of 1:2 Risk : Reward. 2. As per Elliott Wave Analysis, wave - 4 is under formation taking support at 38.2% Fib Level. Projection of Wave - 5 from these level giving target of exactly 750 at 127.2% Fib level (Fib extension level of wave - 3 and wave - 4) coinciding with the target derived from Bullish Flag Breakout. Target of 750/- upon breakout above 590/- with Stop Loss of 517/-.
NSE:ADANIPOWERLong
by Breakoutmasters
Mphasis Ltd - Positional view on weekly chartFor those who have read Stan Weinstein's book "Secrets For Profiting in Bull and Bear Markets" will relate to the structure forming here and the stage in which the stock is currently in. The stock price is hovering above the 40 Weekly Moving Average (WMA), is in an uptrend and has formed positive base formations. Post this week's bullish candle formation the stock price is near the buy zone. Manage strict stop loss of 5-8% if the trade goes wrong Note: Not a buy/sell recommendation. Please do consult your financial advisor.
NSE:MPHASISLong
by TheUnlearningOne
Mighty Nifty - Feb 15Price broke the three days range today and now it is facing trend line resistance. As per the daily chart, still price is sustaining above the trend line. Pattern : Channel Resistance. Range : Medium. Trend strength : Normal. Buy Above : 21860. Stop Loss : 21820. Targets : 21900, 21940, 21980 and 22040. Sell below : 21740. Stop Loss : 21780. Targets : 21700, 21660 and 21620. Check the live market updates. Expected expiry day range is 21600 to 22050. 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