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Parallel Channel

UltraTech Cement Rides Strong Bullish Channel, Eyes Breakout BeyTopic Statement: UltraTech Cement continues its bullish run, driven by consistent growth and cement’s critical role in construction-led demand. Key Points: 1. The stock moves strictly within a well-defined uptrending channel, making it highly suitable for channel-based trading 2. It rarely dips below the 200-day EMA, and prices near this level have historically presented strong investment opportunities 3. The price is currently facing resistance at the 12000 mark, but a weak breakout appears to be underway, signaling potential continuation
NSE:ULTRACEMCOLong
by yogeshwar
LICI Shows Minimal Gains Since IPO, Moves Weakly Within Broad ChTopic Statement: Nearly three years after its IPO at 870, LICI trades only slightly higher, reflecting the limited post-listing returns even for a market giant. Key Points: 1. The stock is moving in a weak uptrending bullish channel, offering modest directional cues 2. It retraced to the 61.8% Fibonacci level where it received support and has since rebounded 3. Price now faces resistance at the 38.2% retracement level near 955, creating a ceiling for upward movement 4. Accumulating the stock below the 50-day EMA presents a more favorable risk-reward entry point
NSE:LICILong
by yogeshwar
BATAINDIA LONGThe Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (i) and (ii), which are shown as blue numbers on the daily chart. Wave (iii) appears to be underway at this time. Wave (iii), also known as the impulse wave, unfolded into five waves, which are illustrated in red. Wave levels are depicted on the chart. An inverted Head and Shoulder Pattern is formed on the chart and the target is shown on the chart. (The Inverted Head and Shoulder Pattern is a bullish reversal pattern). Level of Invalidation The invalidation level of 1269 has been identified as the start point of wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears. I'm not a registered Sebi analyst. My research is done solely for academic purposes. Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses. Regards, Dr Vineet
NSE:BATAINDIALong
by drvineet
TeslaAs per the pattern formation, price is moving within an ascending channel and also consolidating at the lower trend line of the channel. If price gains strength, it can move towards upper trend line of the channel. Buy above 324 with the stop loss of 321 for the targets 327, 330, 332 and 336. If channel support is not holding and price gains bearish strength, can sell below 318. Sell below 318 with the stop loss of 321 for the targets 315, 312, 309 and 306. 300 - 302 is a strong support zone. Always do your own analysis before taking any trade.
NASDAQ:TSLA
by vanathi
LT Jumps on Strong Q1 FY26 Results, Continues Steady Climb WithiTopic Statement: LT surged nearly 6% after posting impressive Q1 FY26 earnings, reinforcing its position within a mildly bullish up-trending channel. Key Points: 1. The stock may experience temporary bullish momentum driven by strong quarterly results 2. It continues to trade within a mildly bullish up-trending channel, making channel-based trading reliable 3. Two trend lines on the chart highlight the ongoing trend strength and underlying support for the stock 4. Since recovering from COVID in 2021, the price has consistently remained above the 200-day EMA, reflecting long-term bullishness
NSE:LTLong
by yogeshwar
SPANDANA LONGElliott Wave analysis shows that the stock has completed waves (i), (ii), (iii), (iv) and (v) downside. Currently, the stock is undergoing correction wave (a), (b), and (c) in a daily time frame. Wave (a) and (b) in blue colour are finished and the stock is currently in wave (c). Wave (a) unfolded in five sub waves in red colour and Wave (b) is folded in three sub waves (a-b-c) in red colour. Wave (c) will unfold in five sub-waves shown in red colour on the chart. Wave levels are shown on the chart. Level of Invalidation The starting point of Wave (a) has been identified as the invalidation level at 286.65. Because as per wave rules Wave (b) cannot retrace more than 100% of Wave (a). If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems. I am not a registered Sebi analyst. My research is being done only for academic interests. Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses. Regards Dr Vineet
NSE:SPANDANALong
by drvineet
3
Broadcom (AVGO) can correct till 206, post that a target of 315 AVGO has completed its lower degree 5 waves and higher degree wave-3. Currently it is correcting in ABC waves. Blue line depicts probable path it may take correcting and then taking turn up towards a target of 315, which completes its higher degree Wave-5 and mostly larger Wave-5(Wave-V). How can one enter ? Wait for price to correct and make a entry pattern(as per Price action and RSI divergence) Exit will be around 315 or any rule based system. When this view will be negated: If daily price closes below 193.25 above view gets negated.
NASDAQ:AVGOLong
by jsgadgil
CHOLAFIN - ReassessmentThe last time I posted the chart, the inverted Head and Shoulder pattern was evident and it had signaled that the downward trajectory has been arrested. However, the analysis was premature and with the very close Stoploss we were safely out of the stock. That is the benefit of having a stoploss. Since then the stock has gone on to form a nice base respecting that bottom zone the Inverted Head and Shoulder had arrested and also now it is making a more evident Triple Bottom on the Support line of the Ascending Channel. I believe the stock is now ready for an up move.
NSE:CHOLAFINLong
by CannySunny
Flag + W Pattern Combo on Monthly! | #SagCem On Radar🔍 #OnRadar #SagCem (Sagar Cements Ltd.) 🚩 Flag + W Pattern Combo on Monthly! 📈 Chart Timeframe: Monthly & Quarterly (Educational Observation Only) 📊 Technical Structure Overview: A rare confluence of bullish patterns spotted: 🚩 #FlagPattern — classic continuation structure 🔻🔻 #WPattern (Double Bottom) — bullish reversal signal 🔼 Both developing inside a long-term #AscendingChannel 🎯 Potential Pattern Projections: Flag Target: 560+ W Pattern Target: 450+ 🛡 Support Zones: 255 234–209 (Demand cluster) ❌ Pattern Invalidation: Below 155 on Monthly Closing Basis (MCB) 🧠 Educational Note: When multiple bullish structures align on higher timeframes, they often lead to explosive moves—if validated by breakout and volume. ⚠️ Disclaimer: This is not a buy/sell recommendation. Shared strictly for educational and technical study purposes. Always consult your financial advisor before acting on any market insights. #PriceAction | #TechnicalAnalysis | #ChartPatterns | #FlagPattern | #Wpattern | #AscendingChannel | #InsideBar | #LongTerm
BSE:SAGCEMLong
by Stocks_Mario
Angel One Struggles to Recover After Weak Earnings, Stuck in DowTopic Statement: AngelOne remains under pressure after a sharp profit decline, trading within a downtrending channel as it struggles to regain bullish momentum. Key Points: * The stock is moving in a clearly marked downtrending channel, allowing for structured channel-based trading * It received strong support at the 50% Fibonacci retracement level around 2000, helping limit further downside * Price generally faces resistance above the 100-day EMA, which continues to cap any rebound attempts * A breakout above the channel could signal a trend reversal, but the poor quarterly results may delay any significant upside move
NSE:ANGELONE
by yogeshwar
1
TATVA LONGElliott Wave analysis shows that the stock has completed waves (i), (ii), (iii), (iv) and (v) downside. Currently, the stock is undergoing correction wave (a), (b), and (c) in a daily time frame. stock is currently in Wave (a). Wave (a) will unfolded in five sub waves in red colour. Wave iii (in red colour) of wave (a) will unfold in five sub waves ( in black circle) on the chart. Wave levels are shown on the chart. Level of Invalidation The starting point of Wave (i) has been identified as the invalidation level at 788.5. If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems. I am not a registered Sebi analyst. My research is being done only for academic interests. Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses. Regards Dr Vineet
NSE:TATVALong
by drvineet
8
Nifty : possibility of a parallel channel break down• Nifty is trading in upward trending parallel channel for last 2 months. • Multiple datapoint has confirmed the parallel channel. • Nifty recently formed a M pattern and a lower low in 1 D time frame. • Daily close is near to bottom of the channel. • Closing below 25100 will confirm the channel break. • Possible target is 24164 which will feel the downside gap. • Wait and watch to catch the big fish. • Happy trading!!!
NSE:NIFTYShort
by trader_ghosh
ULTRACEMCO : A opportunity to get 1: 4.5 RR in channel BO• Ultra tech was moving in parallel channel from Q3-2024. • A perfect channel could be fitted on the stock. • Last 1 weeks there is a significant volumn spike in the stock. • Last week closing was above the channel • If this week closing is above previous week closing then bullish move confirmed • Swing stop loss is 1214 • Target are channel length + 12500 that is 12500 + 2000=14500 in the chart. • An opportunity of 1: 4.5 RR in swing trending. • Already retested the support • Go long only when todays daily close is above yesterdays close. As index looking week tread with caution and sl. • Idea is for educational purpose and explore the price action learning with trading psychology. • Have fun traders!!! 😊
NSE:ULTRACEMCOLong
by trader_ghosh
2
Havells India Shows Early Bullish Signs After Strong Support at Topic Statement: Havells India has corrected but is showing early bullish signals, supported by key technical levels and poised for a breakout from its short-term downtrend. Key Points: * The price corrected to the 38.2% Fibonacci retracement level, where it received strong support * It touched the 200-day EMA, which acted as a deflection point, preventing further downside * Currently moving in a short-term downtrending channel, the stock is likely to resume strong bullish momentum once it breaks above this channel
NSE:HAVELLS
by yogeshwar
Nestle India Climbs Strongly Within Bullish Channel, Eyes PotentTopic Statement: Nestle India is moving steadily upward in a strong bullish channel, setting up for a potential breakout as it approaches previous highs. Key Points: * The stock is trading in an up-trending channel, making it ideal for channel-based trading strategies * It recently retraced to the 23.6% level and is now recovering, maintaining overall strength * A previous double top suggests that a rise to those highs could trigger a breakout if resistance is cleared * The price consistently rebounds when touching the 200-day EMA, reinforcing it as a strong dynamic support level
NSE:NESTLEINDLong
by yogeshwar
Infosys Ready For 30% Potential UpsideFrom 2000 to 2020 Over period of 20 Years ( Observe The Marked Circles) Infosys on Monthly TF has Bounced And Rallied Sharply Everytime it has Touched 88 ~ 100 MEMA after Crossing the 20-50 MEMA and has traded in a Parallel Channel which provides a Stable And Solid Structure to Match the Fundamental Growth of the Stock. Ever Since The Mega Breakout of 2020 after crossing 1.618 Fib Extension of the Rally that began in 2000 We have Upgraded the Channel We are Near the Trendline and have been consolidating for about 8 Weeks without any signs of Bearishness. This Prolonged consolidation followed by Trendline break and Historical Higher Monthly TF Support makes good case for Potential Upside of about 30% from CMP 1618 which will gain momentum above 1720. Targeting 2000~2100 which happens to coincide with Upper End of the Parallel Channel Look for the Inv Head and Shoulder in Formation in Short term for Swing Trade Hereby Sharing a Short term Potential Trade with Longer Term Perspective in The Description above. Buy Above 1638 SL below 1530 TP 1950~ 2000 R:R = 3
NSE:INFYLong
by DrAnandM
1