Timeframe: Daily Nifty has accomplished its double three correction (w) - (x) - (y). Price had risen rapidly after the completion of wave c of wave (y). According to the wave principle, Nifty can only confirm its trend after breaking wave (x) of a complex correction. So, the price must have sustained above 18111 . It is also a higher low, and the price may...
In the previous idea, we initiated a short position in NSE BRITANNIA to trade wave C of wave (4). Price reached all the given targets. - NSE Britannia – The Last Move of Correction Timeframe: Daily NSE BRITANNIA has accomplished wave C of wave (4) and started rising for an impulsive wave (5). This corrective wave (4) has a 38.2% retracement, one of the...
Parallel Channel on DTF Triangle pattern on Lower TF HARSHA Buy above 474 SL Below 438 TP near 509 ***Eucation Purpose only***
TSLA is in parallel channel and given BO above rectangle box it has potential to touch upper edge of the channel
NLCINDIA Parallel channel breakout on Weekly Timeframe and Cup and handle breakout on Daily TimeFrame . Target 1 = 103.30 Target 2 = 107.75 Target 3 = 111.95 Stop loss = 92.60
VaNECK Semiconductor ETF is in parallel channel since 2009 once it crosses 157 then expect good move in next 1-2 yr 115 need to be supported else it will be invalidated
APEUSDT LONG 5-10X R:R=1:4 CHANNEL BREAKOUT ON 15M AND 4H TIME FRAME. SL-2.040⛔ Could be a good rally 📈
RITES gave good triangle breakout with retracement near trendline with volume target will be 570
Price in consolidation zone near the resistance level of 747. Breakout above this level, with good volume will create a momentum for a substantial upside. 680 can act as immediate support zone. PS: Not a buy/sell recommendation.
BUY - HERANBA INDUSTRIES LTD CMP - Rs. 401 Target - 1: Rs. 505 Target - 2: Rs. 608 Target - 3: Rs. 670 . . Technicals - Descending Channel BO . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
Reliance is at bottom of rising channel on daily TF, good to take risk and trade with a small stop loss. Target 1 -2862 & Target 2- 3200. Stop loss 2300 on DCB.
Netronix is in parallel channel since 2008 and recently it has given all time high breakout at 50 expect mild retracement and follow through is going to be bullish
An ascending channel is used in technical analysis to show an uptrend in a security’s price. It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively. Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals. Script = Tata Steel Time...
IXIC index CMP 13550 Today index registered high around 13594 levels. Ascending parallel channel resistance around 13580-13630 levels. Bearish divergence on RSI, with respect to price. Index if not able to sustain at higher levels, can give sharp reversal. 1000-1300 lower side possible as per channel structure. Bulls time to be cautious
HONAUT may give breakout soon. Expecting 10%-20% move in short term. Good for swing trading
PRESTIGE made a channel pattern breakout and it looks good for short term with SL @ 523, TGT1 : 600, TGT2 : 640 Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
A defence sector play, GRSE looks poised for an upward momentum after 26 weeks of consolidation. Sustained momentum above its breakout level of 564 will be positive. Good support zones around 510, 450 and 400 levels. However, as always, keep a stop loss of 5-8% if the trade goes wrong.