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Parallel Channel

SCHWSCHW has recently delivered a Triangle Pattern breakout within the context of a long-term parallel channel that has been forming over several years. This convergence of patterns suggests a potential shift in momentum and a likely resumption of the broader trend. The breakout from the triangle indicates emerging bullish sentiment, but a decisive breakout above the 2-year high is still pending. This level is a critical resistance, and once breached, it could confirm the breakout’s strength and initiate a more sustainable upward move. Following such a breakout, a retest of the breakout zone would be a healthy technical development and could provide an ideal entry point for long-term investors. Looking ahead, if the breakout holds and the stock maintains its trajectory, SCHW may attempt to reach the upper boundary of the outer parallel channel over the next 2–3 years, offering a favorable risk-reward setup for position traders and long-term investors. Summary: Pattern Identified: Triangle breakout within a long-term parallel channel Key Resistance: 2-year high (yet to be broken) Potential Entry: On breakout and subsequent retest Medium/Long-Term Target: Upper edge of the outer parallel channel Outlook: Bullish with long-term growth potential over 2–3 years
NYSE:SCHWLong
by SunilDhawan
Axis Bank rally faces overbought pressureTopic statement: Axis Bank has rallied sharply over the past 10 sessions, but signs of short-term exhaustion and resistance suggest a potential pause or pullback. Key points: 1. The recent price surge has filled the gap created on 18th July 2025, reaching a potential resistance zone 2. MFI is elevated at 86, indicating the stock is highly overbought in the short term 3. Candlesticks have formed a steep 70-degree ascent, reflecting sharp bullish intensity 4. Price has jumped above both the 50 and 200-day EMAs, signaling strong momentum but potential overheating 5. The stock may now consolidate below the 1200 level due to increased selling pressure 6. The long-term bullish channel remains intact, as price bounced off the lower trendline support during its recent move
NSE:AXISBANK
by yogeshwar
Nifty - Expiry Day Analysis Sep 23Price faced resistance around the 25300 - 25320 zone and fall down. Next nearby support is seen at 25080 as per the one-hour chart. In the lower time frame, the price is moving inside a descending channel. Buy above 25240 with the stop loss of 25200 for the targets 25280, 25320, 25360, 25420, and 25480. Sell below 25160 with the stop loss of 25200 for the targets 25120, 25080, 25040, 25000, and 24950. Expected expiry day analysis is 25050 to 25400. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
3
Nifty - Weekly Analysis Sep 22 - Sep 26The price is moving within a channel and is testing an important support level at 25350. It can give good movement by sustaining above 25350. Buy above 25350 with the stop loss of 25290 for the targets 25400, 25460, 25500, 25560, 25620, 25680, and 25740. Sell below 25240 with the stop loss of 25280 for the targets 25200, 25160, 25100, 25040, 25000, 24960, and 24920. As per the hour chart, 25300 is a strong support. Any strength around this level can make the price to move towards 25800. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
6
Gold Trading Inside Channel – Key Support & Resistance Levels!Hello Traders! Gold is currently moving inside a well-defined ascending channel on the 30-min chart. Both buyers and sellers are respecting the levels of this channel, giving us clear trading opportunities. Key Observations Price has tested the upper channel resistance multiple times, facing rejection near $3,710–$3,720. The lower channel support around $3,650 has been well respected, creating strong buying reactions. A minor resistance trendline is now forming, which could temporarily limit upside momentum. Short-term path suggests: rejection from minor resistance → retest of channel bottom → potential bounce back toward the upper channel. Trading Plan Bullish bias remains intact as long as Gold holds above $3,650 channel support. A bounce from support may target $3,710–$3,720 zone again. If support breaks, deeper correction may follow. Rahul’s Tip Always wait for confirmation near channel edges. Trading inside the channel can be tricky, but respecting support and resistance gives you high-probability setups. Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing. Analysis By @TraderRahulPal (TradingView Moderator) | More analysis & educational content on my profile 👉 If you found this helpful, don’t forget to like and follow for regular updates.
TVC:GOLDLong
by TraderRahulPal
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
Sensex - Expiry day analysis Sep 11Today's price moved in a descending channel pattern, and the range was small. Trend direction deciding level is 81500. Buy above 81520 with the stop loss of 81400 for the targets 81600, 81720, 81800, 81920, 82040, and 82200. Sell below 81260 with the stop loss of 81380 for the targets 81180, 81060, 80980, 80860 and 80720. The daily chart shows the price is at the trendline resistance. It can make the price volatile. Always do your analysis before taking any trade.
BSE:SENSEX
by vanathi
4
Power Finance Corporation – Complex Correction Still in PlayAfter topping out near ₹580, Power Finance Corporation (PFC) has been locked in a prolonged corrective structure. The price action since mid-2023 suggests a triple correction (W-X-Y-X-Z) , with the final leg (Wave Z) now unfolding. Technical View Price broke down from a rising channel and is currently retesting the underside of that channel – a classic setup to watch for continuation. Wave (c) of Z appears to be in progress, keeping the near-term bias tilted bearish unless price crosses above ₹438.35 (invalidation level). A potential termination zone lies around ₹250–225, aligning with the highlighted support cluster. RSI is hovering in the mid-40s, showing lack of upside strength and leaning toward further weakness. Summary Bias remains bearish while below ₹438.35. A deeper leg into the ₹250–225 support cluster cannot be ruled out before this complex correction completes. 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:PFCShort
by WaveXplorer
US 10Y Yield – Wave 4 Pause Before the Final SurgeDisclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions. The Setup The US 10-year yield has been consolidating after topping near 5.021%. Price action since then has formed a contracting structure that looks very much like a Wave 4 triangle . At present, yields hover near 4.0% — a crucial pivot. Triangle view: Wave 4 is complete, setting the stage for Wave 5 higher. Flat view: If yields break below 4.0%, Wave 4 may stretch deeper into a flat correction, potentially testing 3.6–3.7%. Either way, the Elliott script points to one more advance: Wave 5 up . What Wave 5 Could Mean If the US 10-year yield really enters Wave ⑤ up, buckle up: Bond prices tank → inverse relation, so Treasuries bleed. Equities feel the heat → higher yields = expensive valuations, especially for growth stocks. Dollar flexes → global FX could see USD strength. Borrowing costs bite → mortgages, corporate loans, government debt servicing all tighten. In short: Wave ⑤ = a macro “stress test .” Why India Should Care A breakout in US yields rarely stays a US-only story. For India, it means: FII outflows as global funds chase safer US returns INR under pressure , increasing imported inflation risks Indian bond yields rising , even without RBI action Equity market stress , especially in IT and rate-sensitive sectors Final Thoughts The triangle scenario points to an imminent breakout above 5.0%. A deeper flat only delays it. For traders and investors, this is the chart to watch — because Wave 5 in US yields isn’t just a bond market story, it’s a global macro shockwave .
TVC:US10YLong
by WaveXplorer
Reliance Moves Steadily in Mild Bullish Channel, Approaches Key Topic Statement: Reliance is trading within a wide, mildly bullish uptrend, offering clear accumulation opportunities as it nears key moving average levels. Key Points: 1. The stock is moving in a broad and mildly bullish up-trending channel, making it suitable for structured channel trading 2. A recent double top candlestick pattern has formed, indicating potential near-term resistance 3. The price is currently above the 50-day EMA, and dips below it has historically offered good investment entries 4. The stock is approaching the 200-day EMA, a level that often marks oversold territory and presents strong long-term buying opportunities
NSE:RELIANCELong
by yogeshwar
SBI Life Insurance – Rising Channel Breakdown with RSI WeaknessThe stock completed a clear 5-wave impulse from ₹1,382.65 to ₹1,833.90 . Since then, the structure has turned corrective, unfolding as a possible W–X–Y pattern. Price action: Price broke below the rising channel , signaling fading momentum. Immediate support lies at ₹1,783 , followed by ₹1,720 , and a deeper level near ₹1,640 . RSI observation: RSI has been sliding inside a falling channel since May, confirming weakening strength. Current reading is ~43.7, suggesting momentum is fading further. Trade bias: As long as price remains below ₹1,890 (stop-loss / invalidation), the structure favors further downside. Breakdown continuation could lead toward the ₹1,640 zone, which aligns with the projected end of Wave Y. 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:SBILIFEShort
by WaveXplorer
KEC International: Bullish Structure with StrengthSince April 7th, the price structure of KEC International has demonstrated a notable bullish trend reversal, characterized by the formation of higher highs and higher lows along an ascending trendline. This pattern is often interpreted by technical analysts as a sign of strengthening upward momentum. A recent Fibonacci retracement, drawn from the swing low to the swing high of the current rally, revealed a pullback to the 38.2% level—a zone commonly viewed as a potential support area within a prevailing uptrend. The stock responded positively to this level, rebounding and subsequently closing above the 61.8% retracement level, which is another key technical threshold. Interestingly, the price has retested the 61.8% level and held firm, suggesting that this area may be acting as a support base. Additionally, the stock has managed to close above its 200-day EMA, a long-term trend indicator that many market participants use to assess broader directional bias. A sustained position above the 200 EMA is generally considered constructive from a trend-following perspective. From a structural standpoint, based on current chart dynamics, the next potential resistance zone appears to be near ₹948, while the suggested support level is around ₹780 . These levels are derived from historical price action and technical confluence zones, and may serve as reference points for monitoring future price behaviour. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market conditions are subject to change, and trading decisions should be made based on individual research, risk assessment, and consultation with a licensed financial advisor.
NSE:KECLong
by NiftyNotion
4
Coal India – Breakout or Fakeout at Key Resistance?Chart Context Coal India has been stuck inside a descending channel, completing what looks like a W–X–Y corrective structure. The recent surge has now brought price face-to-face with the MA100 and MA200 , both acting as strong resistances. What the Chart Shows MA100 & MA200: Price is testing these moving averages. Sustained strength above this zone is needed to confirm a real breakout. Volume: A noticeable spike has supported the latest move, which adds credibility to the attempt. RSI: Momentum has crossed above 50, shifting the bias, but confirmation requires follow-through. Neutral Stance At this stage, the setup can go either way. A clean breakout and hold above the MAs could mark the start of a fresh impulse. Failure to sustain would make this just another bounce inside the corrective structure. Takeaway It’s a wait-and-watch situation. Let the next few sessions decide whether this is the start of a new trend — or just a fake breakout. 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:COALINDIA
by WaveXplorer
BSE Ltd – Corrective W–X–Y In ProgressThe previous impulsive wave topped at ₹3030, marking an all-time high. Since then, the structure has unfolded as a W–X–Y corrective double three. The market is now progressing within Wave Y, with Wave (a) already driving price down to ₹2090. For Wave (b), watch for price rejection either at the midline of the channel or the upper boundary. A rejection from these levels should lead Wave (c) lower, targeting the 0.5–0.618 retracement zone between ₹2128 and ₹1915, where Wave Y may complete. RSI is oversold and continues to print lower lows, showing no bullish divergence yet — momentum still favors the bears. Bearish invalidation sits at ₹2550 — any sustained move above this would negate the immediate bearish view. 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:BSEShort
by WaveXplorer
1
NSE IOC – Approaching a Key Demand ZoneTimeframe: Daily After reaching a high of 196.8, the price has declined by over 39% in 13 weeks. It is currently trading below the 50/100 EMA band, with ATR at 3.68 and ADX at 26.02 . According to the Elliott Wave projection, the peak of 196.80 can be identified as a wave ((3)). The security is currently undergoing the formation of a corrective wave (4). Wave (B) formed at 185.97 , while wave 4 of wave (C) was completed at 145.10 . NSE IOC is now setting up for the final wave 5 of wave (C). Two key Fibonacci relationships help estimate the end of the correction: 1.618 Fibonacci extension of wave (A) at 106.54 (for wave C) 0.618 Fibonacci extension of wave 1 at 115.52 (for wave 5) The price is expected to settle between 115 and 105 , which serves as a key demand zone for buyers. If the price breaks out and sustains above 129.75, traders can target the following levels: 139 – 156 – 172+. we will update further information soon.
NSE:IOC
by forextidings
1
United Breweries – Confluence of Supports Testing Bulls’ NerveThe stock has completed a clear 5-wave impulse into the 2182.45 high. Since then, price action has unfolded into a complex W–X–Y corrective structure. Now, price is testing a confluence of supports — the strong demand area, channel bottom, and the rising 200-week MA. This cluster raises the probability of a bounce, which may mark the beginning of Wave X2/1. The 200-week MA serves as dynamic support and a trailing stop, while the hard invalidation remains at 1810 . A decisive close below this level would negate the bullish scenario and signal deeper weakness. Summary: Completed 5-wave advance into 2182.45 Current correction unfolding as W–X–Y Multiple supports aligning (MA200 + channel + demand area) Bounce potential into Wave X2/1 Dynamic stop: MA200 | Hard invalidation: 1810 Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please DYOR before making trading decisions.
NSE:UBLLong
by WaveXplorer