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Parallel Channel

Mighty Nifty - Aug 17Price was moving with volatility and it was choppy for the past few days which resulted in channel formation. Now it has broken the channel. Will it sustain? Read below. Pattern : Channel Range : Medium Trend strength : Normal Buy Above : 19460 Stop Loss : 19420 Targets : 19500, 19520, 19560. Sell below : 19380 Stop Loss : 19410 Targets : 19350,19320 and 19280. Check the live market updates. Expected Expiry Day range is 19300 to 19550. 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.
NSE:NIFTY
by vanathi
4
Bank Nifty - Aug 17A channel has formed by the volatile movement of the price and right now it is facing resistance. Pattern : Channel, Support/Resistance. Range : Medium Trend strength : Normal Buy Above : 44040 Stop Loss : 43940 Targets : 44120, 44200, 44320 and 44440. Sell below : 43860. Stop Loss : 43940. Targets : 43740, 43660 and 43540. Check the live market updates. Expected Expiry Day range is 43700 to 44400. Hit the like button to rock !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NSE:BANKNIFTY
by vanathi
5
Channel pattern breakout in DP wires.Hello Hardworking Traders! I am back again with a beautiful breakout Stock, DP wires. Here is a quick overview of its Technical and Financials. Technical. Dp wires spent over 2 years consolidating in an ascending channel pattern. >>The chart shows a consistent bullish trend within this pattern, forming higher highs and higher lows. >>Recently, it retested resistance, pulled back, and established a new support line within the pattern. After a brief consolidation, it surged past the resistance level and is now holding above it. >>We can also find, there's been a significant spike in daily volume within a single day, confirming the strength of the breakout. Financial >>The company has reduced its debt significantly and is almost debt-free now. >>People are expecting the company to have a good quarter ahead. >>The company's profits have been growing well, around 33.0% on average each year for the past 5 years. >>They've improved how quickly they get paid by customers – from waiting 42.4 days to now just 26.1 days. >>Over the last 10 years, the company's sales have increased by about 22.6% on average each year. >>The company is also doing better with managing its money, as it needs less working capital now – reduced from 63.9 days to 37.9 days. >> Recently for the first time FII started taking interest. "The pointers suggest strong fundamentals, making it highly likely for this company to evolve into a multibagger." Entry We're all set to enter this long trade. With that said, it's important to position our stop-loss order just below the newly established support zone. Will update its exact target level later on but it could be more than 15 % as our Stop-Loss would be the same. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:DPWIRESLong
by BullishLine
Buy Jubiliant IngreviaNSE:JUBLINGREA is consolidating within a broader range of rs 80. and currently it consolidation in the lower range. One can buy the scrip at Rs. 414 with a stop loss of Rs. 385 on daily closing basis for a target of Rs. 485 Exit the position if the stop loss triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:JUBLINGREALong
by raigvivek
5
A remarkable breakout in Escorts KubotaWelcome back! This time, we will analyze our third breakout stock, which is Escorts Kubota. Chart is Pretty self-Explanatory so we are going keep it short. Here are some pointers. >>Escorts has spent the past two years consolidating within a bullish parallel channel. >>Today, it experienced a notable breakout, suggesting potential for a substantial upward movement. >> In terms of fundamentals, the company is achieving its highest-ever sales and profits. >>Also the promoters have doubled their holdings, and both FII and DII participation is increasing. These factors point to a promising outlook for this stock. Entry & Targets- >>If this breakout candle sustains above the line quite well in the 1-day time frame, we can consider purchasing this stock. >>We will place our stop loss below the breakout candle at the 2500 level. >>Considering the promising growth, we can take a long position in this stock. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:ESCORTSLong
by BullishLine
2
Huge breakout in Morganite crucible.Hello Smart traders Hope you are doing exceptionally well in you Trading journey. This time we will discuss about another beautiful breakout stock Morganite Crucible (India) Ltd. Technical- Morganite Crucible (India) Ltd has shown a rectangle channel pattern breakout. It spent six years in a consolidating phase. During this time, it consistently tested its resistance level, moving back to its strong support. Recently, it retested its resistance once again, undergoing a pullback. However, this time, it found support at its pivot point, resulting in a significant bullish candle that broke through the resistance with strong momentum and higher volume. We can anticipate a higher returns as consolidation phase was really long. Entry and Stop-loss level. Currently, the stock is trading above the trend line and maintaining its bullish trend. If this upward movement continues and remains above the line, particularly beyond the R2 level at 1246, it could be a favorable time to consider investing in this stock. To manage risk, setting a stop loss just below the R1 level, around 1130, is recommended. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
BSE:MORGANITE
by BullishLine
"Beautiful Breakout in ESAB India: Unlocking Potential.Welcome back again. Today we will discuss about ESAB INDIA. >>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ. >>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum. >>Today this stock seems to continuing its bullish trend while overall market is being bearish. We can see from chart its consolidation phase was fairly long, so, we can anticipate a big run up from here. >>Now talking about its fundamentals, ESAB India Ltd is a leading supplier of welding and cutting products in India with the market cap of 7,849cr. Take a look Some financial pointers of this stock- *The company is debt-free. *ROCE (Return on Capital Employed) is at an all-time high of 71%. *Earnings show strong potential for future growth. *The PE (Price-to-Earnings) ratio is currently at 51. *Historically, the PE ratio has been at a higher level (66) for the past two years. *Given the past PE levels, the current PE of 51 appears reasonable and undervalued. *Considering these factors, it's a potential candidate for long-term investment. If you do not have a long vision in this stock then do utilize your Risk-Reward Ratio based on Your Risk Appetite. Level of 4500 stop loss makes lot of sense in this one. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:ESABINDIA
by BullishLine
Nifty will touch 19760 tomorrow ?Hi All, Hope all are doing great. Last 3 days nifty traded in the rising channel which eventually broke today opening itself. The channel target also achieved. Exactly from there it took support and closed the day near the channel bottom. If we look closely first time gave gap up near channel bottom. 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.
NSE:NIFTYLong
by tmvinoth3
Maruti wide channel formation intraday & swing setupNSE:MARUTI Maruti Ltd on 2-hour timeframe You can see a wide channel forming and currently trading at major trend + channel support trend line. The probability of reversal is very high. Entry has 2 Scenarios:- 1. It can Give a breakout above 9565 directly or 2. It will again test the support zone and forms a double bottom pattern and then breakout above the entry point. You can plan SToP below the previous swing low or you can plan just below the current support lines. The further Resistance zones are marked on the chart. Trade after doing your own analysis. These are my Views please comment your views on this idea so we can improve together. Please Like and share with your friends. Keep learning. Happy Trading.
NSE:MARUTILong
by SANJAYPATIDAR_
4