INFIBEAM has been moving in a sharp up channel. Made lifetime highs in Nov and a big arc in 6 months, retesting the lifetime highs again. Awaiting a breakout or reversal.
PTC has been moving in a wide channel for years, respecting the black neckline, Currently testing the neck, near the bottom of the channel. Awaiting a breakout/Reversal
Correction @ 1031.80, in Between Fib E 0.786 & 0.886 of "ABC" (Actual Correction 0.828)
& also FIB R 1.618 of "BC" (Golden Ratio)
Candle Pattern: Harami Bullish.
Possibility of Parallel Channel Break-OUT.
Best Long @ 1090 - 1099.
Trade as per Levels mentioned in chart.
Education Purpose Only.
Century Textiles is moving in a parallel channel with good support level at 900 .
Breakout on the upper side highly possible .
Good long opportunity once the channel breakout happens .
Mahindra & Mahindra is moving in a fast up channel for fwe months now. Taking textbook support and resistance on its way up. currently testing another swing high,awaiting a breakout or reversal
There is a nice confluence of Harmonic Bat pattern and Parallel Channel. The stock has formed a bearish engulfing today showing the weakness. One can sell the stock as the details given below
Entry 91.50
SL 96.50
Target 82.5
RR ratio 1.80
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Price is forming down sloping channel and it has already retested the upper channel so there is a good structure for shorting the stock. One can short at current level with SL of 546 for the target of 495.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
15 minutes chart has formed a parallel Channel that gave breakout but immediately got rejected so it seems to be a failed breakout. Failed patterns work mostly as the breakout traders have already been trapped and are forced to cover their longs by shorting the stock. One can short the stock at current level with reasonable SL for target of 537.50.
Disclaimer :...
