price was consolidating in horizontal channel in daily, now there is a breakout with good volume, in weekly hidden bullish divergence seen sl - 360.5, 1st tgt - 421
Sanghi trading at support line in channel pattern, will it resume its upward journey.. target: top line of a channel.
Looking forward for buying on channel bottom after bounce. PS: Wait for the bounce confirmation. So keep watching!
TATAMTRDVR: Ready to UP move. Support from Parallel Channel & Harmonic Bearish SHARK (last Leg in Progress). Bearish SHARK (N) : Projected "D" = @ 286.30 Bearish SHARK (N) : Projected "D1" = @ 293.2 Go LONG: LCP => @ 260.45 (+0.5% to -0.5%) TARGET: Plotted on chart. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor. ...
Short Below 1171 for 1166 and 1158 Upside 1181 should hold. Can you see triangle inside channel. If yes then take this trade otherwise it can break the channel upside for long aswell. trade with care.
It is been observed on the minutes chart that the price action breaks out big from a channel and shall further go higher. Target- 702 Target 2- 707 SL- 690
price is moving in a uptrend channel in weekly time frame, and the current trend is up, so it should easily go to the channel resistance. sl - 274, tgt1 - 310, tgt2 - 330
in longer time frame it is in strong uptrend. in daily it is in uptrend channel, also bounced from horizontal support. with a sl - 230, 1st tgt - 261 2nd tgt - 285
price reversed from downtrend channel resistance level. it should come down to the channel support level. sl - 386.5, 1st tgt - 355.5, 2nd tgt - 345. Note: this is not a short selling advice, as future trading is quite risky.
in daily, price bounced from uptrend channel support. sl - 293, 1st tgt - 330, 2nd tgt - 340
Few observations on Tatasteel weekly chart. 1. TS is moving in an upward weekly channel and gave a rejection at channel resistance. 2. It has a made a high near 572 , where weekly resistance zone is around 570 - 575 level. 3. It is forming a spinning top candle on July month's candle. Although 31st July close needs to be checked for that :) - Quarter results are...
As we can see on 27th July stock took support around 669 at bottom of its regression channel but eventually on 28th godrej broke that channel and closed below 669 at 663.20 as we can see RSI is around 50 and MACD also showing negative signals(perhaps they are lagging indicator) and 8 day average delivery is around 39.46%(NSE+BSE) in which on 27th july there was...
JSWENERGY price action has given a downward treandline breakout at 68 add near 66 to 68 for target 85+ stop loss close below 63.
Descending Channel on USOIL and the price will move up, once the pattern get breakout. Trade: Buy above - 49.20 Target 1 - 51.50 Target 2 - 53.85 Stop loss - 47.10
CHOLAFIN has been moving up in a channel for six months now. Entering the orange Resistance zone of the Lifetime high values. Also its a channel breakout/reversal zone. Lets see if it can break the channel and move atleast lifetime high of 1243, further breaking out of 1243 or reversingfrom there.
Strong close on INOX LEISURE on good volume, long can be taken on retracement or CMP, for Top of the channel Price Target
in weekly it is in strong uptrend, in daily, hammer formed at uptrend channel support + horizontal support, price should reverse and go up from here. sl - 1573, 1st tgt - 1732, tgt2 - 1800
Technical Aspects : YesBank - Bearish Bat AxisBank - Channel Breakout ( will fail & range again, just My opinion ) SBI - Bearish Cypher So as of now our technical aspects point downside... Fundamental : Not literally fundamental view, based on macro news, YesBank - Lesser NPA than Axis & better next to HDFC AxisBank - High NPA among privates SBI - Banks...