Parallel Channel
TITAN Ascending Channel & Price at Resitance TITAN has a key resistance level at 1038, if it close above this level and sustains, it can rally upto 1120 levels and touch the resistance of the channel.if it comes below 1000 level then it can go down upto 940-950 levels.
For the clear trend of NIFTY by using TimeCycle, Channel, Major.No need write here anything today , it's really easy for everyone to understand the chart.
Basic Part-1 : Tutorial of "Trendline and Parallel Channel".The trend line is a straight line that connects the minimum two price points to show the general direction in which price points seem to be going.
Traditionally, the trend is used to find the next future price resulting in, it gives the trader a good idea of the direction, in which an investment's value might move. We basically use the trend line for entry and exit price.
There are two types of trend lines: one is the Resistance line and another is a Support line .
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
YES BANKYes bank after massive rally of 150 % from bottom of channel
is consoldating in a trading range.
As long as the price remains above 66.75 we can see higher levels.
Immediate resistance is seen at 74.70
@suntv in Down channel @in_tradingviewNSE:SUNTV
SunTV in Down channel
on bullish breakout may touch 475 490
on rejection price may fall to 390 400
First channel on Nifty monthly chartI just realized that entire history of Nifty50 can be seen as three neat patterns on monthly chart. This is the first chart for the first 13 years of the exchange and the index. It gave a healthy return of 15% per annum, when banks deposits also gave lower double digit returns.
I personally don't believe anyone could have recognized the pattern and invested to beat others. However, one could argue that the pattern was obvious by late 1990s.
LOOK FOR BUYMarket is in uptrend as per higher time frame and we can see a nice downward channel in 1 hr time frame, So we need a clear buy setup to go long, Always trade in a direction of a highr timeframe.
PNB - Day Chart - REVISED IDEAHi,
I am revising my thoughts based on what my prof explained to me....
Now i am seeing what i wasnt seeing before.
S&P500 Channel breakdown and now retestingIf this test fails then new levels may open up on the downside and the recent swing low of 2603 may be in threat.
