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Parallel Channel

Fineotex Chemical (FCL) - Weekly chart analysis...After a year long consolidation and correction, the stock is gradually setting up to reclaim the life time high. Currently, the stock is emerging ou of a channel. Weekly close above 360 will create positive momentum. Good support zone at 320 and 300 levels, below which 260, 230 and 230 are important levels. Always trade with a strict stop loss of 5-8% and proper risk management. Note: A personal analysis. Not a buy/sell recommendation. Consult your financial advisor.
NSE:FCLLong
by TheUnlearningOne
BankNifty in Parallel Channel Today 24 November 2023In this video, I shared how BankNifty is moving in a Parallel Channel . ✅I hope you liked the video. Be sure to hit that LIKE and Follow button and drop a comment. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
NSE:BANKNIFTYLong
by TheStockMantra
Gail: Positional Long Opportunity; 1:3 Risk RewardGail tested its daily support today. I am planning to go long "only if it moves above Rs 134.75" tomorrow. The chart is "upward channel pattern". The risk reward looks attractive (1:3) Entry: Above Rs 134.75 SL: 130 Target 149.4 Important points: 1. Please note that Rs 150 is very strong "monthly resistance". Therefore, booking profit at Rs 149 level is best for us. 2. Look, whenever the price opens gap up (say 140), the people who bought earlier start booking the profits, Hence, that will not be suitable entry. But, if share open flat, start moving upwards slowly and steady, that's the BEST time to enter at the price I have provide. Disclaimer: Please do you own research before jumping into the trade. Till that just be a spectator and evaluate how the price moves. I already have open positions.
NSE:GAILLong
by UnknownUnicorn7637383
Q&A_ How to read India VIX and what does it actually mean?Namaste! India VIX is a volatility index based on the NIFTY Index Option prices. From the best bid-ask prices of NIFTY Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days. In simple words, it tells us the % market is expecting Nifty to move (whether up or down) in the upcoming 30 calendar days. India VIX chart analysis:- You must have noticed that each time VIX touch 10-11% levels, it bounces off. Did you ever think what is the annual average return of Nifty 50? Well, it's around 12%. Don't forget, Nifty also has yearly dividend yield of around 1%, so the total becomes:- India VIX support = 11% Dividend yield of Nifty = 1%, total 12%. I agree, the upper statement sounds non-sense, but in simple terms, it feels logical to me. VIX has to come down, for the Nifty to go up. In other words, we should be ready for a correction in Nifty, until the VIX touches 11% levels. India VIX goes in the opposite direction than Nifty 50. Why? Because, the long term trend of the Nifty is up. Hence, VIX will only rise, when there is a shift (expectation) to the downside. Nifty50 chart analysis:- 1. Nifty has hit the strong weekly trendline resistance, this is the 4th time. I am expecting at least 1 more corrective rally on the downside, which makes it a 5 time resistance. The 5 number is based on the recent history of Nifty 50. Since 2016 to 2020, there were 5 supports, and 5 resistance in the same period. 2. ADX (Average Direction Index) is hovering around 22 points and sloping downwards. It generally means, the market isn't liking the short term uptrend, if it could, then ADX must rise. Q: When the next correction starts, will all the stocks in the Nifty 50 fall? A: No, but a small yes. All stocks will correct, but the overvalued will correct more. Q: Should I wait for the correction to invest in? A: Nope. You should start investing now, because many stocks in the Nifty 50 has been become undervalued due to this correction (like the IT sector except TCS). Choose them wisely. I don't recommend investing in more than 10 companies of the Nifty 50. Obviously, you should not concentrate your portfolio in any of the sectors, but diverse in the companies and sectors whose business you understand. Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
NSE:INDIAVIX
by UnknownUnicorn7637383
NCC Ltd : Swing Trade / Short term (1-3 months)#ncc #parallelchannelbreakout #breakout #momentumtrade #swingtrade NCC : Swing Trade / Short term (1-3 months) >> Breakout Candidate >> Good VCP Pattern Visible inside Channel >> Parallel Channel Breakout & Retest Done >> Good Trending Setup >> Good Strength in stock & Volumes Picking up >> Low Risk, High Reward Trade Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:NCCLong
by moneyfesttrading
OBEROI REALTY for 30% (approx..) GainOBEROI REALTY is showing 22 months or 96 week consolidation breakout. Sector chart is also showing the breakout. A company with good fundamental one can check the below the link ( www.screener.in ) CMP : 1120 TG : 1370 SL : Below 9 week EMA Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery & VWAP. ( To view this, click sedg.in ) 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. ( To view this, click sedg.in ) 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on Daily chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
NSE:OBEROIRLTYLong
by SthitaprajnaYogi
Exide Ind : Parallel Channel Breakout#Exideind #channelbreakout #breakout Exide Industries : Swing Trade / Short Term Trade (1-3 Months) >> Parallel Channel Breakout >> Good Trending setup >> Good Volumes & Strength in stock >> Low Risk High Reward Trade >> Potential Upside of 10% or more Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/Stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:EXIDEINDLong
by moneyfesttrading
Ganesh Housing Excellent Result Reversal PlayAdd near 400-393 zones with tight gap stop as 382 for swing trading. Bit risky wide stop can be at 370-60 for positional trades as per risk capacity. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:GANESHHOUCLong
by Niftydirection
FDC : Channel Breakout#FDC #channelbreakout #breakout #flagpattern FDC ltd : Swing Trade / Short term (1-3months) >> Good Channel Breakout >> Volumes Building up >> Good Strength in Stock >> Low Risk, High Reward Trade Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:FDCLong
by moneyfesttrading
BANKNIFTY is bullish above our zone As we can see BANKNIFTY opened very strong and around the the channel which it had been following since last week now. Despite opening strong it failed to sustain itself as we analysed yesterday and fell unintentionally resisting from our channel’s trendline. We can still see BANKNIFTY as majorly bullish till it maintains itself above our zone and we can expect a strong up move as soon as the trendline is breached and sustained above so plan your trades accordingly everyone
NSE:BANKNIFTY
by Wealthcam