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Parallel Channel

Jindal SteelPrice is moving in a zig zag pattern and is forming a channel. Important zone is 1058 - 1064. Buy above 1072 with the stop loss of 1066 for the targets 1078, 1084, 1090 and 1098. Sell below 1058 with the stop loss of 1064 for the targets 1052, 1046, 1038 and 1030. 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:JINDALSTEL
by vanathi
MTARTech-A beautiful channel consolidation!MTARTech is one of the leading stock from defence sector. However, stock is underperforming and is currently in a channel consolidation. Recent news of arms exports to Russia has triggered a rally in defence stocks like Datapatterns, BEL, BDL, etc. Mtar is bouncing from lower end of channel and we can expect big rally in this stock too. A good stock for investment purposes as well. Disclaimer:This is not a recommendation and this is my personal analysis and opinion about stock.
NSE:MTARTECHLong
by chartistamey
Mighty Nifty - May 13Price did not have trending movement on Friday. And still price is weak. So what will be the next move? We have two patterns. Pattern : Triangle, channel. Range : Medium. Trend strength : Normal. Buy Above : 22080. Stop Loss : 22040. Targets : 22120, 22160, 22200 and 22240. Sell below : 21980. Stop Loss : 22020. Targets : 21940, 21920 and 21880. 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:NIFTY
by vanathi
2
Banknifty weekly analysis for 13/05/2024.Banknifty has been trading in a rising parallel channel which is a bearish pattern. The support trend line has been tested 4 times and it is testing it again, closing around it. Even the weekly 20 Ema is around the closing of the candle. If there is a break down on the weekly candle after 2-3 days of consolidation or halt, there is a high chances of bearish momentum is the markets. Major support/target levels:-46600, 45800 Let the market decide the trend and trade accordingly. For last 8 trading session, there is a red candle on the daily charts. A retracement or consolidation is required before any further fall in the market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum