RBLBankRBL bank heading towards upper edge of the channel. Since it has crossed the important level of 155 then
Parallel Channel
BlissGVSThough parallel channel is not having good enough points on both side, however the support lines looking good. and it may not fall however I don't see immediate near.
IDFC @Sagar11662IDFC is in parallel channel since IPO and there is strong probability that it may try to BO the channel and look for All time high price.
Please keep your stop loss
Gartnersince 1994, Gartner is in parallel channel zone and touched the edges 4 time and this is 5th time.
Considering the past I believe it may face resistance to break the channel and move up. One retracement to mean of the channel is desired.
IDBIIDBI is in parallel channel after making high in Nov 2010
it seems now this channel may breakout on upside with stop loss of low of Mar 2023
it has potential of around 30-40% upside
AmznSince past 13 year amzn is inside parallel channel. It has to importantly break out above HKEX:114 to stay above and touch HKEX:136
however this may be bit slow
Lodha Cmp 703 Three Black Crows @ ResistanceLodha Cmp 703 dated 5-8-2023
1. Three Black Crows @ Resistance
Sell below 700 target 680-665-640-625-605 SL 740
It is just a view, please trade at your own risk.
BTC in Bearish Parallel Chanel PatternBITCOIN 4-hr Chart Analysis
CRYPTOCAP:BTC at present moving as per Descending Channel's in Parallel Pattern with more Bearish mode, and soon be ready to break out Last Lower-High strong support of $28,300 to moving towards FWB:27K to next step of Lower-Low trends in Bitcoin Market.
This time, very big chances to break down approx. 7% to 10% soon.
Let's wait, what's the next move of market but as per my opinion, soon it will be in bearish zone.
anyway, always #DYOR and Trade wisely by using #StopLoss, It's just #NFA
&
Must Share, LIKE & COMMENTS on it....
Nifty will break rising channel or support from the channel ?Hope all are doing great.
Here’s my 1D timeframe analysis. As we can see in the chart from 18-Nov-2022 to 5-Apr-2023 around 138 days there was a good falling channel pattern. It broke and achieved 3 times the target.
The next 138 days from the previous breakout is forming beautiful rising channel pattern. As per the pattern nature it might break below to the given support level 19118. Expecting to touch that support level on or before 22-Aug-2023.
I also shared similar analysis for banknifty giving reference below.
Always trade carefully with proper SL because it’s your hard earned money.
Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
SULA VINEYARDS HIGHER HIGHSTHE Fundamentals are a major concern but a technical opportunity can be identified . the stock is moving in a channel of making higher highs 576 can be immediate target
Nifty analysis 02 AugNifty Analysis
Parallel channel pattern
Bias : Negative
Resistance : 19720 19800
Support : 19598 19540 19500
If you like the analysis , pls Support by Like and Follow
Lets discuss in the comments section and trade updates
Disclaimer:
Ideas listed are My Trading analysis and Notes/journals. Not a RA
These are NOT recommendations for Buy
/Sell.
Do your own analysis before jumping into any trade/Investment.
Learn and then Earn.!
excel industries on parallel channel bottom - expecting a bounceexpecting it to bounce from here and go to the channel top. I feel it would reach ~1120 where a very good resistance is there.
PS: I am a self learner and high chance of going wrong. Please don't invest only on seeing my idea - please study by yourself.
LICILICI has given breakout from parallel channel and about to give BO from the resistance line as well
expect 100 point up move with stop loss of just 50 point
Bata India - Long Weekly ChartsDescending Channel Breakout on Weekly Basis.
Buy Above 1486 on weekly Closing
Target 1 - 1555
Target 2 - 1611
After this is Trailing the profit till 1755 only if 1670 on weekly closing basis else book at Target 2
If Stock comes down after entry buy more at 1417
SL - 1375
Crude Oil Analysis -01 AugHaving completed the month of July with a large price movement, we are starting the august cautiously.
Refer the Channel and go with the flow. For positional traders, the crude is still bullish having the Brent crude oil sustaining above $80.Below $79, could see selling pressure.
For MCX traders intraday, refer the channel and above the channel line go long. Any weakness at the channel will be opportunity to for short.
Disclaimer:
Ideas listed are My Trading analysis and Notes/journals. Not a RA
These are NOT recommendations for Buy
/Sell.
Do your own analysis before jumping into any trade/Investment.
Learn and then Earn.!
NIFTY at TRENDLINENIFTY is near trendline.
Go long if it gives breakout on the trendline and crosses the nearest important levels.
1st Target - 19857
2nd Target - 19989
If there is momentum it can reach the 52-week level.
P I Z Z A A A JUBFOOD fut broke out of descending channel on an hourly charts with decent OI build up.
Could be bought with mentioned stoploss & target.
Buy and relax with RelaxoRelaxo Footwears is a well known brand in the manufacture and marketing of footwear and related products. It operates through the Foot ware and Related Products segment. Since its launch, this stock has given massive 6592% return in 12 years and has potential to grow more.
After making lifetime high, stock has corrected more than 50% and has changed it’s trend from negative to positive in weekly chart. Also, ot has given healthy breakout of the higher timeframe trendline.
On daily chart, it is trading in a channel and currently it is at the lower part of channel. It has tested its immediate supply of 952 and closed near the same level with positive momentum.
In coming days, we can expect a breakout and immediate target will be 980.
One can buy it in swing for the targets of 980,1000. Stop loss will be 910.
Agressive buyers can buy at CMP amd safe traders can buy once proce sustain above the neckline. After sustain, SL can be moved to moved to 930. Follow your risk management.
Happy trading :)
Descending Triangle pattern breakout in Ambuja Cement Ambuja Cement Ltd
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Descending triangle Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 430+.
✅Can Go short in this stock by placing a stop loss below 415-.
Banknifty Bear Channel Move Decoded.NSE:BANKNIFTY
Banknifty is moving in a bear channel which is just a correction in an uptrend.
yesterday it formed an outside bar on a daily timeframe, and it formed a very wide channel as you can see on the chart.
The price is expected to open a gap up and test the supply zone and fall again.
A sneak into the past:-
If you carefully observe the channels in the bull trend on the daily chart you will observe that the movement has some kind of pattern.
let me explain:- Majority of the time the price opens near the high of the channel range and by the day's end it tests the support line of the channel.
This occurs after a good fall and prices are not forming significant lower lows.
Mass psychology is that they want a 2nd leg up. so they are justifying buying from each new low as the price is cheap but the market is in a consolidation mode and will not start trending until the supply from the upper channel got exhausted.
I hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
Consolidation after huge uptrendNSE:TATACONSUM
Parallel channel
Stock looks good for huge upside move.
Since April stock has been move 17% on upside.
Stock has been in a range of 870-820 for 40days straight.
We can expect a good move on higher side. If it’s a fake out then we can expect a 5% down side move.
Educational purposes only.
Nifty - near ATH, what's next?NSE:NIFTY reached near its All Time High 19000, peoples are talking about big fall but here the view seems different to me, As per my Elliott wave study and my counting on it which can differ with every EWT user above is my shared view, please look carefully & have a happy trading
here are some points to take in consideration.
1] Price is still in channel. also there is reverse breakout from wedge.
2] Wave 4 correction was not clear until the breakout happened.
3] VIX is near 11. So, volatility would still be low with following its trend.
4] RSI - Daily, weekly, monthly is still bullish no sign of weakness.
5] Daily candle high near upper bollinger band.
6] Daily, Weekly supertrend in green indicating more bullishness
7] no weakness in banking stocks which has highest weightage in nifty.
