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Parallel Channel

MMTC CUP & HANDLE PATTERN. WAIT FOR BREAKOUT.MMTC had given a breakout on monthly basis in January 2024 and now we are seeing the pull back and retest. Coming to a lower TF like daily or hourly we can see that it has been moving in a Parallel Channel from Aug 2023 consistantly making Higher Lows and Higher Highs. Taking 1 HR. Time frame we can see that it is making a Cup and Handle pattern. We have yo wait for breakout on the upside, get a confirmation of making a higher low,high and can invest. 1st Target would be the latest High 101. 2nd Target would be the upper trendline of the Channel.
NSE:MMTCLong
by eastwind65
Bank Nifty Analysis for 18-04-2024BNF is trading near the 1hr TF support of 474000. Also it to be noted that BNF has fall 1400 points from its ATH. Still BNF is trading near the support zone of 47400 & 47600. If BNF moves upward we will have a immediate resistance of 47800. Below are the resistance level to watch Resistance 1 48100 Resistance 2 48250 If BNF moves downward we can expect a major support at 47000. There is no major support level but if breaks 47000 zone we can expect a fall till next support of 46600 While checking the chart in 1D TF we could see that its in ascending channel pattern. Probably there shouldn't be much fall but it falls breaking the pattern we can expect the fall till 46600 zone.
NSE:BANKNIFTY
by Shree_Traders
SUBEXLTDHi, price taking support on trendline . price making swing higher highs. it will possible chance to price will move upside form demand zone which is marked in green area targets will be Resistances are marked as red horizontal lines. below day closing of previous swing low is Stop loss This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
NSE:SUBEXLTDLong
by RRC555
1
NIFTY50 - WEEKLY ANALYSIS - 15th April #indicesNIFTY50 (1W TF) UPDATE - 15th April, 2024 Pattern: ASCENDING CHANNEL - Reversal at the top of the Weekly Channel Resistance - Done ✓ - Might expect more of a fall in the Indian markets, mainly due to the US markets sell-off on Friday - Geo-political tensions due to the Israel-Iran conflict might also have some repercussions - Volatility is going to be high - Support Levels have been marked out Going forward with any Swing Trades: - DO NOT jump into falling knives - Watch higher time frames for more accurate entries - Anyone going short on any stock, please hedge your positions - There is and will be a lot of volatility over the next 45-60 days. Until then, we need to be doing the following: ✓ Keep SL's in play for existing positions or trail your SL ✓ Ensure your position sizing is as per your rules ✓ Keep risk management in play at all times And most importantly, if the market is giving you decent returns in any trade: ✓ Then book your profits and ✓ Hold your capital Always remember: - We can live to Fight another day; but ONLY if we are in a POSITION to do so So Capital Preservation is Key !! . . . Become Emotionless & Trade Ryte #nifty50
NSE:NIFTYLong
by TradeRyteStockz
2
TataMotorsPrice is moving inside a channel formation. Important support zone is 998 - 1003 and important resistance zone is 1017 - 1023. Unless price breaks this range, we will get range movement. Play safe when the price is in range. Buy above 1023 with the stop loss of 1015 for the targets 1032, 1044 and 1052. Sell below 996 with the stop loss of 1005 for the targets 986, 978 and 964. 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:TMPV
by vanathi