price is traded in Channel and traded at lower end of channel so it s possible chance that price will move upper side Stop loss will below last swing low which is marked in red area This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be...
Stock has been moving in a channel for quiet a few days and took resistance at Fib Level, If broken, can see ATH and 1027 and above.
parallel channel started from Mar'99 and making top in Sept 21 now head and shoulder formation is complete now a dead cat bounce and followed by bears
1 Day Time Frame Nifty Traveling in Upward Paralled channel Change to reverse the market
The Nifty Midcap Select Index (NIFTY_MID_SELECT) is showing a rising channel breakdown, indicating potential bearish movement. Breaching lower trendline - traders may consider this as a caution period until the next bullish confirmation forms.
Will it be able to break out of the channel or still need more strength
Nifty is looking bullish with high weekly volumes and green candles, and may continue following the trend line.
Tataconsumer breaking a channel with huge volume #target 1350 EDUCATIONAL IDEA
Bhartiairtel breaking parallel channel with good volume building up #target can be 1240 EDUCATIONAL IDEA
Tatamotors being my fav in auto segment has confirmed the BO enjoy the maximum upside
The stock has been following a proper parallel channel and has taken support at 1717 various times and it generally rebounds from this levels , easy 20 % gains can be achieved from buying it now , it can rally till 1989 which is another crucial resistance
Price was moving in a channel pattern and today it has given break out. Trend deciding zone is 1080 - 1085. Price has to sustain above it to move up further. Buy above 1085 with the stop loss of 1076 for the targets 1094, 1102, 1112 and 1122. Bearish below 1076 and price may test 1060 level. If price is unable to sustain the mentioned level, then once again price...
#Relinfra cash -Positional call 01.March 2024 Stock is trading at lower end of channel at 220-223 Continuesly making high lows & Trading in channel .... Strong support at 188-190 for long term investors Cmp 220-223
- We are looking at Channel trade potential - Stock has been trading in a sideways channel since July 2022 - currently trading above 21 day EMA (2419) and below 63 day EMA ( 2469) - momentum may come in once closing is above 2470 odd levels Rest levels are mentioned in the chart itself Take care
Descending channel , top trendline connects the resistance points (lower highs) and bottom trendline connects the points of support (lower lows).The price broke out of the descending channel twice and rallies 15-20%. Volume - low during correction phase and spike in today's session. RSI - indicating momentum and relative strength in stock. Fibonacci...
The chart is self-explanatory and shared for educational purposes. Price fluctuated in the upper and lower parallel channel, trading with Higher High (DOW Theory) and high-volume Breakout. There is a high possibility for an upward momentum.
TATATECH has a PARALLEL CHANNEL PATTERN as well as W PATTERN
#Idfcfirst bank Cash -Positional for 3-4 months 26.02.2024 Looks good above 85.10 and dips 82.50-83 Stoploss 77 Add more above 90 Tgt 98-100/120 Cmp 83.95