Parallel Channel
UNITED SPIRIT PARALLEL CHANNEL BREAKOUTUnited Spirit breaking a parallel channel
#weekly basis with good volume
strong rsi macd crossover
#target 1370
EDUCATIONAL IDEA
AVANTIFEEDS | SWING BUYThings to Note:
1) Stock is trading inside a parallel channel with good volumes.
2) Can expect a breakout soon, one can take trade once it breaks out of the channel and keep a close above the channel in daily time frame and should break with good volumes
Educational Purpose!
SIEMENSSIEMENS parallel channel.wait for breakout.If resistance break then go for buy.If support breaks go for sell
BRITANIA PARALLEL CHANNEL BREAKOUTBRITANIA breaking parallel channel #weekly
with huge volume good rsi
#target can be 6100 after breaking 5400
EDUCATIONAL IDEA
Bank Nifty - May 6Price is bearish as long as it is inside the channel. And the movement will also be a zig zag move.
Pattern : Channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 49040.
Stop Loss : 48960.
Targets : 49120, 49200, 49280 and 49360.
Sell below : 48920.
Stop Loss : 49000.
Targets : 48840 ,48760, 48700 and 48620.
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.
INDUSIND BANK MOVING IN A PARALLEL CHANNEL.Indusind Bank has been moving in a rising parallel channel from 23 January 24. The difference between the lower trend line of the channel and the upper trend line of the channel is Rs 122 to Rs 130.
On April 19 it bounced from the lower trend line. If you feel like taking a chance you can buy and look for an upside of Rs 90 atleast.
Bullish of Piramal PharmaIts following a channel.. currently breaking out and might retest in coming days. DAILY RSI is 70 showing strength / Weekly RSI is 66 ( Showing strength) Monthly RSI 49.12 . Ideally I would want it to be above 50 but this is good and should get over 50 by the end of the month.. Price might jump to previous highs
End of wave iiiChoose parallel channel . Then connect the end of wave i to the end of wave iii and make a parallel channel connecting to the end of wave ii. Only if the channel is broken on the lower side with resistance , we can conclude that wave iii is over . If the parallel channel gives support it means we have a 1-2-123... in progression . Investors should hold because even if the channel is broken on the lower side it would be a wave iv only . Regards
HCL Correction looks overNSE:HCLTECH
Weekly and Daily TF analysis
Wave 4 correction looks getting over
Wave 5 Rally shall resume
Banknifty putting in a topping phase as well with NiftySimilar conditions as in the nifty idea I shared earlier. Top of parallel channel, distribution visible in RSI. SL is weekly close above ATH.
Look for breakdown of the upsloping red line for confirmation of trend breakdown instead of picking a top.
Disclaimer : For educational purposes only !
Link to Nifty idea :
Bank Nifty - Apr 29Price faced resistance and fall down nicely and it is bullish as long as it sustains above 48160. Now it has formed a mini channel.
Pattern : Channel(Mini).
Range : Medium.
Trend strength : Normal.
Buy Above : 48180.
Stop Loss : 48100.
Targets : 48260, 48340, 48420 and 48580.
Sell below : 47960.
Stop Loss : 48040.
Targets : 47880 ,47800, 47720 and 47620.
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.
Nifty likely in a topping phase (in USD)Disclaimer : Educational ideas only. You are responsible for whatever you choose to do from this analysis.
From the chart, we see two very powerful upsloping resistance lines in green, one from a decade ago, another from 2020 low. In addition, we see a bullish flag like consolidation under the resistance line, but in RSI, we see lower highs and lower lows showing signs of distribution and not accumulation. Overall, the market should atleast have a pullback to the breakout level above 2021 high. If that level fails, watch out for retest of covid highs (in USD).
Big note to remember : This chart is denoted in USD, which means that the Indian markets can be flat and USD can appreciate vs INR giving us the same results eventually. So keep that in your mind.
SL is weekly close above the Nifty ATH (in USD)
Hudco 📈For Education Only.
About to break the sideways structure. High probability of explosion going further with first potential target at ~14-15%. About the break the structure with high volume.
Keep an eye 👁️ for breakout 📈Bank of India is testing its resistance level. It can be move further once it closes above the high of the range.
[Swing Trade] UBL 1925 - FUTGood breakout in UBL after long time. Let's see if it can make ATH :)
I bought UBL FUT at 1925 - UBL was trading around 1920 in cash market.
#Tatacomm cash : At Parallel channel support#Tatacomm cash - Positional call
22.04.2024
Looks good above 1760.10
Stoploss 1660
Target 1880/2040
Cmp 1723
MMTC CUP & HANDLE PATTERN. WAIT FOR BREAKOUT.MMTC had given a breakout on monthly basis in January 2024 and now we are seeing the pull back and retest.
Coming to a lower TF like daily or hourly we can see that it has been moving in a Parallel Channel from Aug 2023 consistantly making Higher Lows and Higher Highs.
Taking 1 HR. Time frame we can see that it is making a Cup and Handle pattern. We have yo wait for breakout on the upside, get a confirmation of making a higher low,high and can invest.
1st Target would be the latest High 101. 2nd Target would be the upper trendline of the Channel.
BTCUSD updateBTC just broke the channel pattern in 15mins TF and again consolidating between 63600 & 63300 in channel pattern.
Break in either side can give a good move.
Resistance 64800
Support 61800
CNXITCNXIT breadth is 100% since 3rd May 2023
past 20 year this index is in parallel channel.
after sideways movement can we may expect an upmove which will bring bear trap for current setup
