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Parallel Channel

Symmetrical Triangle Breakout - Anticipating a 23% MoveChart showcases a compelling symmetrical triangle pattern, signaling a potential breakout. The price is consistently forming higher highs (HH) and higher lows (HL), emphasizing a strong bullish structure. Volume is steadily building up near the breakout zone, with expectations of a significant increase post-breakout. Symmetrical Triangle Pattern: Indicates a period of consolidation, with an imminent breakout anticipated. HH-HL Formation: Each low is being protected, reflecting a sustained uptrend and bullish market sentiment. Volume Analysis: Notable volume buildup near the breakout zone, supporting the potential breakout. Anticipate a surge in volume post-breakout as confirmation. Projected Move: Based on the pattern, there's potential for a 23% move from current levels. RSI Strength: RSI is showing strength, further supporting the bullish outlook. Trade Idea: Consider a long position upon confirmation of the breakout, ensuring volume supports the move. Set price targets based on the projected 23% move and adjust according to evolving market conditions. Implement risk management strategies to protect against potential downside risks.
NSE:TATACHEMLong
by Marketik
Bank Nifty - Dec 11Trend deciding zone for bank nifty is 47200 - 47300. To be bullish, price have to sustain it. Price is trending around 47000 for few days and this week, it may give break out.. Pattern : Channel. Range : Medium. Trend strength : Good. Buy Above : 47320. Stop Loss : 47240. Targets : 47420, 47500, 47580 and 47640. Sell below : 47140. Stop Loss : 47220. Targets : 47060, 46980, 46880 and 46800. Check the live market updates. 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. You are responsible for whatever you do.
NSE:BANKNIFTY
by vanathi
1
Infosys (Infy) From the week starting 18 April 2022 till the week starting on 10 April 2023, the stock was hovering between the price channel of 1650 and 1354. It took a gap down for the price to slide below that channel. Post the gap down (17th April 2023), the price has subsequently recovered to form a base inside the previous channel zone. Positive above 1520 for a positional trade. Resistance at 1650-1720 as this zone needs to be filled. Post which, we can see strength in upward momentum. Cautious below 1355. Trade with a strict stop loss of 5-8%. Not a buy/sell recommendation. Please consult your advisor.
NSE:INFYLong
by TheUnlearningOne
Analysis 1) stock at up trend momentum 2) 96 is the resistance level for the stock 3) this up trend supported by volume 4) volume building like mountains 5) 2022 APR "55-60" this zone act as resistance for the stock 6) after this breakout stock give 68% rally 7) 68% rally with in one months likely 22 sessions 8) same move can accepting from this stock 9) crossing sentimental and main resistance for the stock and must sustain above 10) stock give 25% move from present level 11) no recommendation for buy and sell
NSE:MADRASFERTLong
by investigationofchart
RPSG ventures- Wait for right entryFundamental Analysis Company overview: RPSG Ventures is a private equity firm that invests in growth-oriented businesses in India and Southeast Asia. The firm has a portfolio of over 60 companies, including Flipkart, Byju's, and Oyo Rooms Financial performance: RPSG Ventures has been profitable in recent years, with net income of INR 1.2 billion in fiscal year 2022-23. The company's revenue has grown at a compound annual growth rate (CAGR) of 25% over the past five years. Valuation: RPSGVENT is currently trading at a price-to-book ratio (P/B) of 0.43. This is below the average P/B ratio of 1.0 for the Indian equity market. Risks: The risks to RPSGVENT include the volatility of the Indian stock market, the concentration of the company's portfolio in a few large companies, and the political and regulatory risks in India. Technical Analysis Price trend: The price of RPSGVENT has been on an upward trend in recent months, rising from INR 365 per share in March 2023 to INR 605 per share as of September 2, 2023. Moving averages: The 10-day and 20-day moving averages are both sloping upwards, which is a bullish signal. Relative strength index (RSI): The RSI is currently at 72.1, which is in the overbought territory. This suggests that the stock may be due for a correction. Conclusion: The fundamental analysis of RPSGVENT indicates that the company is a well-managed business with a strong financial performance. However, the technical analysis suggests that the stock may be overbought and due for a correction. Investors should carefully consider the risks before investing in RPSGVENT. Stock is in a Monthly upward channel Add above 660-day close basis tgt 1 750 tgt 2 840 tgt 3 980 Stop loss 580-day close basis DISCLAIMER: THIS GROUP IS FOR DISCUSSION AND LEARNING PURPOSE. I AM NOT SEBI REGISTERED ANALYST. ALL MY POSTS ARE FOR Educational PURPOSES ONLY, I WON'T BE RESPONSIBLE FOR ANY OF YOUR LOSS. KINDLY CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING POSITIONS.
NSE:RPSGVENTLong
by yogesharora2409
All time high and Rising Channel Breakout seen in Gabriel IndiaHello Traders, i have brought another analysis on a pattern breakout which called (Rising Channel Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this type of Rising channel pattern next time, So at least you guy's will be able to trade. So Let's start. Q:- What is Rising Channel Pattern and How to trade that? Rahul:- A Rising channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct a rising channel pattern by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs as shown above in Gabriel India Chart. Guy's Rising channels show a clearly defined uptrend. Traders can take swing trade between the pattern’s support and resistance levels or trade in the direction of a breakout or breakdown. Above in monthly charts we have seen a neat and clean proper breakout in Gabriel India , at same point there was a all time high which had taken place in september 2017 , after that price started forming Falling Channel Pattern in chart and it has taken support at earlier resistance zone, means price action says once a resistance is always act like support zone, after breaking out the resistance zone . Since then it has never made lower lows, and started forming a Rising channel pattern and now it has broken all time high and given a successfully Rising Channel Pattern breakout . Now i will tell you how to Trade on this type of pattern or when it gives breakout? There is two types of trading can be initiate in this, First you can take swing trades when it touches and reverse from lower range of channel. Second you can wait for breakout of channels upper range then you can take entry for long side but, one of the important criteria to bear in mind is there should be at least 4 points of reaction within the channel. Means price should touch at least 4 times lower range of the channel, and guy's Gabriel India Stock has touch 4 times and then given breakout. I hope guy's you have learned about this pattern very well. Important Levels for Gabriel India Ltd. Best buying range will be 250-237 Targets will be 311/372++ Keep Stop loss at 193 Price is above 200 EMA. It is a positive sign for this stock. Volumes are supporting breakout. MACD and RSI has given Bullish Crossover. Note:- Guy's i have not placed any indicator which i have discussed above but i have done analysis on this before publishing this idea. The reason is very simple i want my chart neat and clean and easy to understandable and i want teach purely price and action trading. So now let's focus about company background. Gabriel India is part of ANAND Group. From being a single-product company in 1961, They have transformed themselves in line with changing market, technical and social trends and played a key role in limiting emissions of ride control products and foster the cause of environmental protection. Company manufactures over 300 models of ride control products. Its products include shock absorbers, struts, front forks and others. It has a vision to be amongst top 5 shock absorber manufacturers in the world by 2025. Market Cap ₹ 3,564 Cr. Current Price ₹ 248 High / Low ₹ 252 / 129 Stock P/E 25.1 Book Value ₹ 60.6 Dividend Yield 1.03 % ROCE 22.0 % ROE 16.2 % Face Value ₹ 1.00 Debt ₹ 11.2 Cr. EPS ₹ 9.88 PEG Ratio 3.59 Promoter holding 55.0 % Intrinsic Value ₹ 162 Pledged percentage 0.00 % EVEBITDA 14.0 PROS Company is almost debt free. Company has been maintaining a healthy dividend payout of 24.7% Company's working capital requirements have reduced from 37.1 days to 29.4 days CONS Company has a low return on equity of 12.7% over last 3 years. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:GABRIELLong
by TraderRahulPal
12