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Parallel Channel

Apollo Hospitals – Wave 5 Approaches Completion at ATH ZoneAfter a strong multi-year uptrend, Apollo Hospitals now trades inside the projected terminal zone of Wave 5. The stock has rallied from its Wave 4 low near ₹6,002 and is advancing toward the Fibonacci cluster between ₹7,542 – ₹8,494, where 1.0x and 1.618x extensions converge. The long-term channel has guided price action well: Wave 4 respected the lower boundary, and now Wave 5 is pressing near the upper half of the channel. However, the RSI tells a different story . Momentum has been stuck in a falling channel, even as price climbs higher. This bearish divergence signals exhaustion — a common occurrence when a fifth wave approaches completion. Key Takeaways: Wave 5 is nearing its potential terminal zone. Price resistance sits between ₹7,542 – ₹8,494. RSI falling channel highlights weakening momentum. Signs of exhaustion suggest caution at current levels. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:APOLLOHOSPShort
by WaveXplorer
JTEKT India Technical AnalysisHere's a comprehensive TradingView report for JTEKT India Limited: Current Price:160.90 📊 TECHNICAL SETUP OVERVIEW JTEKT India is displaying a compelling technical structure within a well-defined ascending channel pattern that has been in play since the 2020 lows. The stock is currently consolidating after a significant rally and appears to be setting up for the next leg of movement. KEY TECHNICAL OBSERVATIONS 1. Channel Pattern Analysis: - Long-term Ascending Channel: The stock has been respecting a parallel channel since 2020, with clear support and resistance boundaries - Current Position: Trading in the middle zone of the channel, suggesting room for movement in either direction - Channel Support: Lower trendline around 120-130 zone - Channel Resistance: Upper trendline projecting towards 220-240 zone 2. Moving Average Structure: All major moving averages are sloping upward, confirming a strong bullish trend across multiple timeframes. 3. Price Action Patterns: - Clear higher highs and higher lows formation since 2020 - Recent consolidation after touching 220+ levels suggests healthy profit-booking - Volume expansion during rallies indicates strong buying interest - Formation of a potential inverse head and shoulders pattern on monthly timeframe 4. Support & Resistance Levels: Immediate Support Zones: - S1: 148-150 (8/13 EMA cluster) - S2: 134-135 (50 EMA + channel support) - S3: 120-122 (psychological level + lower channel boundary) Resistance/Target Zones: - Target 1:188.50 (Previous swing high) - Target 2: 209.71 (Major resistance + psychological 200 level) - Target 3: 255.40 (Channel top + Fibonacci extension) PROJECTION & TREND ANALYSIS Bullish Scenario (Higher Probability): If the stock holds above 148-150 support zone: 1. First target: 188.50 (18% upside potential) 2. Breakout above 190 could trigger momentum towards 209.71 3. Ultimate target within channel: 255.40 (58% upside from current levels) Bearish Scenario (Risk Assessment): Break below 134 (50 EMA) could lead to: - Retest of 120-122 zone (channel support) - Deeper correction to 110-115 if channel breaks - This would invalidate the current bullish setup CONCLUSION JTEKT India Limited presents a well-defined bullish channel with strong moving average support. The technical structure suggests the stock is consolidating before the next leg up, with multiple targets identified. Accumulate on dips toward 148-150, add on strength above 170, with ultimate targets of 188, 210, and ₹255. Disclaimer: This is a technical analysis for educational purposes only. Not financial advice. Technical analysis should be combined with fundamental research, and proper risk management should always be employed. Past performance does not guarantee future results. #JTEKT #TechnicalAnalysis #StockMarket #ChannelTrading #SwingTrading #NSE #AutoSector #MovingAverages #TrendAnalysis #IndianStocks
NSE:JTEKTINDIALong
by earnwhileulearn
Asian Paints Turns Colorful Again!Hello Mates! Here’s a chart that really caught my attention this week Asian Paints showing strength after a long phase of quiet sideways movement. The structure is clean, the breakout is sharp, and the message from price action is clear momentum is shifting again. After spending almost two years inside a broad consolidation zone between 3600 and 2600 (blue box), the stock finally formed a smaller accumulation base between 2200 and 2600 (green box). Within this base, price consistently made higher lows, hinting at renewed buying interest. Now a strong breakout above the upper boundary of this smaller channel backed by volume confirms that buyers are regaining control. A short term retest near 2650–2700 could offer an ideal pullback entry before continuation. Technically two targets come into play-: Target 1: The falling resistance trendline near ₹3100. Target 2: falling resistance line breakout can lead this move toward 3600, which also aligns with the upper blue supply zone the same area that capped price for nearly two years. Overall, this looks like a base-to-base transition where a fresh uptrend is emerging after a long consolidation. A sustained close above 3100 would further confirm this shift in structure. Trading Insight-: When higher lows meet a strong breakout, it often signals that the accumulation phase is ending and smart money is stepping back in. Regards-- Amit.
NSE:ASIANPAINTLong
by AMIT-RAJAN
13
Adani Enterprises Shares Jump After Fundraising - Chart AnalysisAdani Enterprises Limited – Technical Chart Analysis and Stock Update (November 2025) Adani Enterprises shares surged by more than six percent today as investor sentiment turned positive following the company’s announcement of a massive Rs 24,930 crore rights issue. This move marks the company’s biggest fundraising effort since its cancelled follow-on public offering (FPO) in 2023. Over the last five years, Adani Enterprises has delivered a remarkable gain of more than 540 percent, reflecting strong growth across its infrastructure, energy, and renewable business segments. The company continues to attract long-term investors due to its aggressive expansion strategy and focus on large-scale projects. Technical View: On the daily chart, Adani Enterprises is currently trading near Rs 2,484, showing a sharp upward recovery from its recent lows. The stock recently took support from the **Trend Line Support Zone** around Rs 2,350 – Rs 2,400 and has rebounded strongly with healthy volume. The chart indicates a consolidation pattern between Support-1 (Rs 1,935 – Rs 2,013) and Resistance-1 (Rs 2,692 – Rs 2,769). A sustained move above Rs 2,770 could trigger further upside momentum toward the first target of Rs 2,990, as mentioned in the chart. If the breakout above Resistance-1 is successful, the next key zones to watch will be Resistance-2 (Rs 3,252 – Rs 3,335) and Major Resistance (Rs 3,759 – Rs 3,914). These levels may act as potential profit-booking areas or supply zones in the short term. On the downside, Support-1 remains a crucial base for the stock. Any closing below Rs 1,935 could invite weakness and may push the price toward the Major Support Zone near Rs 1,042 – Rs 1,159. Pattern Observation: Earlier this year, Adani Enterprises formed an upward channel pattern and later experienced a channel breakdown, leading to a corrective phase. However, the recent rebound from the lower trend line and today’s strong price action suggest renewed buying interest at lower levels. The range between Support-1 and Resistance-1 currently acts as a consolidation zone , and a breakout from this zone could decide the next directional move for the stock. Summary: Current Market Price: Around Rs 2,484 Immediate Support: Rs 2,013 – Rs 1,935 Immediate Resistance: Rs 2,692 – Rs 2,769 Next Target (on breakout): Rs 2,990 Medium-Term Resistances: Rs 3,252 – Rs 3,914 Major Support: Rs 1,042 – Rs 1,159 Bias: Positive above Rs 2,770; neutral within the consolidation zone Conclusion: Adani Enterprises remains in focus after announcing its large-scale rights issue, signaling strong capital expansion plans. From a technical perspective, the stock is trading near an important support trend line, and momentum indicators suggest potential strength if it sustains above Rs 2,770. A breakout could open the path for a short-term rally, while strong supports below Rs 2,000 provide cushion for investors.
NSE:ADANIENTLong
by manojshinde27
Bajaj Finserv rides a long-term bullish waveTopic Statement: Bajaj Financial Services continues its evergreen bull run, supported by strong technical structure and improved affordability following its June 2025 stock split and bonus. Key Points: 1. The stock is trading within a bullish up-trending channel, making it ideal for structured channel trading 2. Price rarely dips below the 200-day EMA, and such moments have historically been excellent long-term accumulation opportunities 3. Dips below the 50-day EMA offer favorable entry points for short-term swing trades or quantity accumulation 4. The stock faces stiff resistance at the 2000 level, which has historically acted as a ceiling 5. The June 2025 stock split and bonus have made the stock more affordable, resulting in increased volumes and improved liquidity
NSE:BAJAJFINSV
by yogeshwar
VIP Industries – Rising Channel Breakdown, Support Zone in FocusChart Structure The stock completed a wave 3 advance up to 492.30. What followed is a corrective W–X–Y structure, which probably might test the previous breakout zone around 408–400. This aligns with the 0.382 Fibonacci retracement and previous Wave 1 high, providing strong support. Key Observations The corrective leg has unfolded on weak volume, typical of a Wave 4 structure. Recent breakdown from the rising channel suggests a final (c) leg of Wave Y into the blue support zone. A possible wave (b) retest of the broken channel cannot be ruled out before the final dip. As per Elliott Wave rules, Wave 4 must not overlap Wave 2 (391.85) – keeping structural integrity intact. Trade Plan Entry Zone: Strictly in the 408–400 support band. Stop-Loss: 391.85 (under prior Wave 1 high, violation would invalidate the count). Target: A new high above Wave 3, i.e., ≥492.30, as Wave 5 should extend beyond Wave 3. Volume Insight Correction is unfolding on weak volume – confirmation of Wave 5 will require a green volume expansion from the support zone. Conclusion As long as 391.85 holds, the Wave 4 correction is near its end. A rally into Wave 5 with targets above 492 remains the primary scenario. However, patience is key – entry only in the marked support band. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:VIPINDLong
by WaveXplorer
#NaturalGas ($NG) Weekly Update — Testing Critical Resistance!CMP: $4.092 💥 Up +38% from mentioned support ( $3.013–$2.956 ) and +46% from lows in a month . 🚀 The falling wedge breakout played out strongly, and price is now testing the critical resistance of the falling yellow trendline near the previous swing high $4.067 . A weekly close above this trendline will confirm a major breakout , potentially triggering the next leg higher. 📊 Key Levels: 🛡 Supports: $4.067 / $3.013–$2.956 / $2.692–$2.643 🚧 Resistances / Targets: $5.125–$5.630 / $9.35–$10.00 Structure now forming a larger Symmetrical Triangle between rising and falling yellow trendlines — watch for breakout confirmation . ⚠️ Possible short-term pause/retest before continuation. #NaturalGas #NG #Commodities #FallingWedge #RisingChannel #SymmetricalTriangle #ChartPattern #PriceAction 📌 #Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
PEPPERSTONE:NATGASLong
by Stocks_Mario
Sensex - Expiry Day Analysis Nov 6The price faced resistance at 85k and falling from there inside a descending channel. The daily chart shows that the price is having bearish strength. Channel movement is tricky to trade. Observing how the price is reacting at the channel support/resistance is important to take a trade with conviction. If the price opens a gap up or above the channel resistance, buy above 83760 with the stop loss of 83640 for the targets 83860, 83980, 84060, 84200 and 84360. If the price faces resistance at the 83500 to 83600 zone and if it shows bearish strength, sell below 83500 with the stop loss of 83640 for the targets 83400, 83260, 83120, 83020, 82900 and 82780. Expected expiry day range is 83100 to 83900. Always do your analysis before taking any trade.
BSE:SENSEX
by vanathi
Bharti Airtel climbs relentlessly but risks overbought correctioTopic Statement: Bharti Airtel is on a strong bull run, maintaining momentum within a defined channel, though overbought conditions hint at a potential correction risk. Key Points: 1. The stock is moving in a bullish up-trending channel, making it ideal for channel-based trading 2. Price generally remains above the 50-day EMA, signaling continued strength 3. The stock is currently highly overbought, and a sharp correction may be on the horizon as risk builds
NSE:BHARTIARTL
by yogeshwar
Netflix: Wave Z or a Surprise Truncation Ahead?After a textbook W–X–Y–X structure, Netflix now appears to be sketching the final leg “Z” inside a well-defined descending channel. Each corrective wave has respected the parallel boundaries — a sign of structural discipline rather than chaos. The latest drop to $1,087.30 tagged the channel’s lower rail and the Major Pivot near $1,064.50, precisely where the RSI has also reached its long-term support zone. This alignment hints that the market may be nearing exhaustion — but whether it’s the end of “Z” or just a pause before one more flush remains the key question. A sustained break below the pivot confirms completion of the triple correction, while a sharp rebound from here could mark a truncated Z, setting the stage for a larger recovery. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NASDAQ:NFLXShort
by WaveXplorer
Federal Bank: Wave 4 Triangle Near Completion, Wave 5 AheadAfter a clean five-wave impulse from the 2020 low near ₹35.70 to the 2024 peak at ₹220, Federal Bank appears to be transitioning into a larger corrective phase. Weekly Outlook The broader structure suggests the start of a 5-3-5 zigzag correction , marked as A–B–C . Wave A is still unfolding — only Wave 4 of A appears complete, with Wave 5 expected next to finish the first leg of the correction. Once Wave 5 concludes, price could rebound toward the lower channel trendline to form Wave B, a counter-trend rally within the broader correction. Thereafter, a deeper Wave C decline may follow, potentially stretching into the ₹149–₹128 zone, which aligns with the 0.382–0.5 Fibonacci retracement range of the 2020–2024 advance. This developing structure reflects a natural pause after a long impulse cycle, with the market now transitioning into a corrective rhythm. Daily Chart Details Zooming in, the internal structure of Wave A shows a clear five-wave drop, with Wave (4) evolving as a contracting triangle pattern. The MA50 has started curling toward the MA200, hinting at a possible bearish crossover — a classical confirmation of trend transition. If price breaks below the triangle base, Wave (5) could extend toward ₹186–₹178, derived from Wave 1 projected from Wave 4’s end. The targets will be adjusted once the final (e)-wave of the triangle is confirmed, as a minor uptick remains possible. A sustained move above ₹206.39 would invalidate the immediate bearish setup and delay the decline. Conclusion: Federal Bank’s structure aligns with a typical post-impulse correction, and the interplay between Elliott Wave and moving averages provides a clear framework to track this phase. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:FEDERALBNKShort
by WaveXplorer
Tata Steel – Consolidation Breakout with VolumeAfter weeks of sideways price action, Tata Steel has broken out of its consolidation phase with a powerful surge in volume. The breakout candle not only cleared the consolidation range but did so with conviction — volume spiked to multi-week highs, confirming participation. If price holds above the breakout zone, immediate resistances are lined up at ₹170 and ₹178. Trade Plan Entry on retest near ₹165.8. Target: ₹178. Stop-loss: ₹162.4. Invalidation A close below ₹162.4 would weaken the breakout narrative and invalidate this setup. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research and consult a financial advisor before making any trading decisions.
NSE:TATASTEELLong
by WaveXplorer
1
ICICI Bank marches upward, nearing major Fibonacci resistanceTopic Statement: ICICI Bank continues its long-term bull run, supported consistently by technical levels, but now approaches a key resistance near the 1500 mark. Key Points: 1. The stock trades reliably within a well-defined up-trending channel, maintaining long-term bullish structure 2. Price is repeatedly supported by the 50-day EMA, acting as a dynamic floor throughout its rallies 3. It has only dipped below the 200-day EMA during rare deep corrections, like the COVID crash of 2020 4. Based on the Fibonacci levels plotted from the 2020 correction, the 423.6% extension lies near 1500 — a level already reached, where the stock may now face stiff resistance
NSE:ICICIBANK
by yogeshwar
Flag breakout inside a long-term rising channel NIFTY spent the last few months in a falling/sideways range (highlighted box) within a larger rising channel. Price has broken out on the upside and is pushing above the box top / local supply. A classic measured-move from the height of the box projects ~3,650–3,700 pts higher, aligning with the upper channel—pointing to ~29,400–29,600. Why it works Structure alignment : Local flag breakout with the primary up-channel. Confluence : Measured move ≈ upper channel touch, giving a logical exhaustion zone for profit-taking. What can go wrong False breakout : Quick rejection and close back under 25,700. Macro/event risk : Gap moves around data/events can bypass stops—position accordingly. Bias: Bullish while above 25,700 on daily closes. This is a technical study for educational purposes, not investment advice. Manage risk.
NSE:NIFTYLong
by Jofy_Baby
BTC : RISING CHANNEL BREAK DOWN WITH 1:4 RR• BTC is trading inside upward trending channel from 17th October. • Tried to break the channel top at 8.30 P.M. 21th October IST however breakout failed • Big boys use this fake BO as liquidity trap and entered short. continuous selling there after and now market testing the channel low. • Underlying volume confirms the big boy's signature. • At IST 11 a.m. market is trading near channel bottom. • Go short if a candle close below 107450 with a sl 108250. • All the three-target mentioned in the chart • Trade with position sizing and psychology. • Education purpose only. • Happy trading.
BITSTAMP:BTCUSDShort
by trader_ghosh
Reliance eyes breakout as bulls return post earningsTopic Statement: Reliance has gained bullish momentum following strong earnings and a market rally, now approaching a key resistance zone with breakout potential. Key Points: 1. The stock is climbing toward a triple top formation, which carries a high probability of a bullish breakout 2. It is trading above both the 50-day and 200-day EMAs, indicating strength but also making it relatively expensive in the short term 3. Price continues to move comfortably within its established up-trending channel, maintaining a well-supported bullish structure
NSE:RELIANCE
by yogeshwar
Can Fin Homes: Fifth Wave Ignites with Volume BoostAfter completing the third wave advance up to ₹817 and a corrective Wave (4) near ₹708, Can Fin Homes has broken past the prior swing high with a clean volume expansion. Wave Structure Impulse sequence from ₹615 (Wave 2) to ₹817 (Wave 3), followed by a deep yet proportional Wave 4. The current move looks like Wave (5) unfolding with minor waves 1-2-3 already visible. Price has cleared the swing barrier at ₹826 — watch for a healthy retest near ₹826–₹830 before Wave 4 of (5) and a final push higher. Momentum Check The volume spike adds conviction to the breakout, signaling genuine demand rather than a one-day pop. Targets Fibonacci projection 1.618 ≈ ₹932 marks the next logical resistance zone. Invalidation A sustained drop back below ₹817 would question the breakout and delay the fifth-wave progression. Strategy Stay bullish, but don’t chase — let price retest the breakout zone before fresh entries. Disclaimer : This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:CANFINHOMELong
by WaveXplorer
CEAT (D) - Critical Crossroads: Breakout vs. Channel ReversalAfter a multi-year uptrend, CEAT Ltd has arrived at a major inflection point. While it has broken a key horizontal resistance and hit a new all-time high, it has also run into the upper boundary of a long-term channel, a point that has historically marked a reversal. This creates a classic standoff between two powerful technical signals. The Bullish Case: The Breakout The primary argument for the bulls is the recent show of strength and the clearing of a significant hurdle: - New All-Time High (ATH): The stock has successfully pushed into new territory, which is an inherently bullish sign. - Horizontal Breakout: It has decisively broken out and closed above the horizontal resistance line formed by both the previous ATH and the upper limit of its recent consolidation phase. - Consolidation & Dry Volume: Prior to this move, the stock was in a healthy consolidation phase since April 2025, during which volume was drying up . This is a classic sign that selling pressure was diminishing, often setting the stage for an upward move. The Bearish Case: The Channel Resistance Despite the breakout, the stock is still operating within the rules of a much larger, long-term pattern: - The Parallel Channel: Since April 2020, the stock has been trading within a well-defined ascending parallel channel . It has consistently respected the upper trendline as a point of strong resistance and the lower trendline as support. - Rejection at the Top: Today, by hitting its new ATH, the stock has also simultaneously hit the upper resistance trendline of this channel . Historically, every time the price has reached this boundary, it has reversed and trended back down towards the channel's support. Conclusion and Key Scenarios to Watch The price action in the next few trading sessions is critical and will likely resolve this technical conflict. - Bullish Breakout Scenario: For the uptrend to accelerate, the stock must do something it has never done: achieve a decisive, high-volume close above the upper trendline of the parallel channel . If this occurs, it would invalidate the channel pattern and could signal a powerful new leg up, with a potential target of ₹5,100 . - Bearish Reversal Scenario: If history repeats itself and the channel resistance holds, the stock will likely be rejected from this level. A failure to stay above the recent horizontal breakout would be the first sign of weakness, potentially leading to a reversal back down to the channel's median, around the ₹3,725 level. In short, the market is at a "prove it" moment. The bulls have broken a minor resistance, but the bears are defending a major long-term boundary. The winner of this battle will likely dictate the trend for the coming months.
NSE:CEATLTDLong
by Learn_with_Pth0mas