In weekly, price touched ascending channel resistance line, now it is moving down. In daily, ascending wedge formed, support broken, now retesting the broken support. Also BB shows the reversal in the trend. Price can slide down to 180-170 range.
NATCOPHARM is moving in a down channel making higher_lows and lower_lows.
TATACOMM is retesting the channel, after a small breakout. Its in the breakout/reversal zone. Might enter the channel again or give a big leg down.
in weekly - price bounced from channel support and moving up, it can go up to the channel resistance. sl - 4010, tgt - 4852
in daily, price broke out with good volume, after consolidating in a horizontal channel, also BB is expanding. in weekly, after a BB squeeze, price closed above upper BB, and BB is expanding.https://in.tradingview.com/x/fxIlBukX/ Also it broke the resistance zone after a long consolidation.https://in.tradingview.com/x/RXizbYav/ with a sl - 492, 1st tgt - 565,...
MRF is on the edge of channel. Can be a start of another HUGE leg up of 20k points.(previous leg ups were 20k each) or break down of an year long up channel.
HINDUNILVR completed a bat pattern while moving in the flat range. Its in a Breakout /reversal zone of the channel.
RBLBANK is on the Breakout/Reversal Zone May reteace to complete what can be a Head and Shoulder, too early to say anything about H&S.
Last Price@142.30 I realised the quake is coming so for safety reasons I went out of home@151.80 - Post that what happened that home was hit hard@137-138 Things will calm down & we should hope for normal day 2 day function. This is no analysis. Do your own study. Thanks Wake up or V-cup with PNB@148-149 - Exit@151.80
Levels are in chart. Wait and watch. I can see a channel inside. This time again same setup but waiting for upside break. Check the last post broken so took support at channel bottom. Happy Trading.
In Gail the upside move will be more clear only if 386's zone convincing get crossed but we are entering based on Breakout & the pullback from today's high ( 5 mins can't be posted here ), so with the same triangle logic entry. But for few the uncomfortable thing here is, it didn't cross the resistance zone ,so doubts will arise. When uncomfortable or doubtful...
Bharatforge is in the Breakout / Reversal Zone. Moving in a channel for almost an year, had a great leg up from 720 to 1220 approaching /retesting another channel sup/ res orange band for a breakout/ reversal. It can make a leg down inthe triangle before breakout on the upside.
in weekly, pvr bounced from uptrend channel support and horizontal support. sl - 1286, 1st tgt - 1643, 2nd tgt - 1780
BHARATFIN is moving in its breakout/reversal zone. Breakout of the zone can give a push to test the highs of 940 which hasnt been crossed since 2011. A play of support and resistance levels can be seen on the chart along with the channels. Can retrace before it can retest the sup/Res levels.
Infy will the channel break? Yes breaking the channel will be a false break. So don't hurry in buying wait for reversal and aggressive entry near channel bottom @ 974 or safe traders after trend line break near 979 Stoploss 971.5 Target 993, 999 I am not intrested in channel break NiftyIT
price is in uptrend channel in weekly time frame. and current trend is up, So it can go to the channel resistance easily sl - 1070 1st tgt - 1210 2nd tgt -1280