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Parallel Channel

Nifty Intraday Analysis and Live updates 25 JulStrategy :Channel Trades Outlook : Bearish to Sidways Nifty after the rally of last week, had a retracement upto 19650 levels. On 24th, bulls could not keep up the momentum but still not strong bearish enough Short : within the channels, and below 18650.Tgts: 19600 ,19560,19500 Long : 19700 . targets : 19780 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.!
NSE:NIFTY
by NseMcxTalks
Nifty Analysis 24 JulLast week rally had a correction of more than 250 points after the weekly expiry Wait for signals to know if the correction is Retracement or Trend reversal Follow the blue and Grey channels Sell : At the top channel lines / Break downside of channel Buy : At the bottom channel lines./Break upward channel If the down trend follows, Supports at 19680,19640 19550 and 19550 If the uptrend follows: Resistances at 19850 19900. Breach of 19900 can test 20k and 20.3 k in the near term Disclaimer : Ideas listed are My Trading analysis and Notes/journals. These are NOT recommendations for Buy /Sell. Do your own analysis before jumping into any trade/Investment. Learn and then Earn.!
NSE:NIFTY
by NseMcxTalks
2
Bajaj Auto - Ascending Channel An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. Ascending Channels: How to Trade This Technical Pattern Ascending channels are a common technical pattern that can be used to trade stocks, currencies, and other financial instruments. This pattern is characterized by two parallel lines, with the upper line representing resistance and the lower line representing support. Traders can use ascending channels in a number of ways. One popular strategy is to buy a stock when it reaches the lower trend line and sell when it nears the upper trend line. This strategy can be used to ride the uptrend in a stock's price. Another way to trade ascending channels is to look for breakouts. When a stock's price breaks above the upper trend line, this is a sign that the uptrend is accelerating. Traders can buy a stock at this point and ride the breakout to even higher prices. Conversely, when a stock's price breaks below the lower trend line, this is a sign that the uptrend is losing momentum. Traders can short a stock at this point and profit from the decline in price. There are a few things to keep in mind when trading ascending channels. First, it is important to use other technical indicators to confirm the pattern. For example, traders could look for an increase in volume or a breakout on higher time frame charts. Second, it is important to manage risk. When trading ascending channels, traders should use a stop-loss order to protect their profits. This order will sell a stock if the price falls below a certain level, preventing further losses. Finally, it is important to be patient when trading ascending channels. This pattern can take time to develop, so traders should not expect to get rich quick. Bajaj Auto Limited is an Indian multinational automotive manufacturing company based in Pune. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj in Rajasthan in the 1940s
NSE:BAJAJ_AUTO
by piyushbafna000
Symmetrical Continuation Triangle has formedIn IBULHSGFIN a bullish symmetrical continuation triangle pattern has been formed. This pattern typically occurs during an uptrend and indicates a potential continuation of the upward movement. Here's a breakdown of the pattern based on your description: Converging Trendlines: The symmetrical continuation triangle pattern consists of two converging trendlines. These trend-lines are drawn by connecting the lower highs and higher lows of the price action. Decreasing Volume: As the price swings between the converging trendlines, the volume tends to diminish. This diminishing volume reflects uncertainty in the market direction, indicating a period of consolidation. Narrowing Range: The price action within the triangle forms a narrowing range, with each swing becoming increasingly smaller. This tightening range further emphasizes the indecision and lack of conviction in the market. Breakout: Prior to the apex (the point where the trendlines converge), there is a breakout above the upper trendline. This breakout is accompanied by a noticeable increase in volume, which signifies a surge in buying interest and confirms the pattern as a continuation of the prior uptrend. Based on the breakout and increased volume, traders and investors may interpret this as a bullish signal, suggesting that the prior uptrend is likely to resume. It indicates a potential opportunity to go long or hold onto existing long positions. It's important to note that while these patterns can provide insights into potential price movements, they are not guaranteed predictions. It's always recommended to use additional technical analysis tools and consider other factors before making any trading decisions. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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by hardeepssethi
4