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Parallel Channel

ReliancePrice is moving inside a channel formation and now it is testing the upper trend line of the channel. Trend direction deciding zone is 2916 - 2922. In daily chart, price has formed an ascending triangle. Considering these facts, if the price sustains above 2922 and show volume strength, then we can see bullish move. Buy above 2922 with the stop loss of 2904 for the targets 2942, 2964, 2986 and 2998. Sell below 2880 with the stop loss of 2900 for the targets 2860, 2838 and 2218. 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:RELIANCE
by vanathi
RBL bankPrice is moving inside a channel formation and now it is testing the upper trend line of the channel. Bullish if it acts as support and bearish if price rejects it. Trend direction deciding zone 269 - 272. Buy above 269 with the stop loss of 266 for the targets 272, 275, 278 and 281. Sell below 262 with the stop loss of 265 for the targets 259, 256, 253 and 249. 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.
NSE:RBLBANK
by vanathi
FinniftyPrice gave good movement in the morning session and moved with less momentum which resulted a channel pattern in the afternoon session. Note : Price may be volatile because of the upcoming budget on Feb 1. Support zones - 20280 to 20320 and 20480 to 20520. In case of gap up/gap down these levels may act as resistance also. Buy above 20520 with the stop loss of 20480 for the targets 20560, 20600, 20660 and 20720. Sell below 20400 with the stop loss of 20450 for the targets 20360, 20320, 20280 and 20220. These levels are derived based on the assumption that price will decide the trend direction at the zone 20480 to 20520. 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.
NSE:FINNIFTY1!
by vanathi
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