Channel down formation on LT at 30mins chart. Indicators are not giving signal for bull. Trade may active on tomorrow or today (16/11/2016) itself. May be LT move over sideways until indicators giving bull signal. so keep focus and add in watchlist for next day. Trade Idea: Buy above - 1380 Target 1 - 1395 Target 2 - 1408 Stop Loss - 1366 Target 1 points...
The Stock seems to have formed the bottom and being accumulated, Buyers/Investors find that it cheap at current price level thus buying emerges. One can enter now with small Stop loss entry which offers decent risk to reward ratio.
It is been observed on daily chart that the price action is trending up in a channel and now it is breaking out from the previous support levels of 418 and dipping down towards the next strong support levels of 408-405. The sellers are in dominance over price action and it shall now dip and correct further down.
CL1! has been trading in rising channel pattern. The prices have tested the lower band and moving northwards. The minor hurdle (black dashed line) at $46.50 if cleared by Bulls (on closing), we might head towards $54-58.
It is been observed on a weekly chart that there is a red candlestick breaking out from it. It indicates weakness and a high selling pressure. It shall confirmed a breakout as it closes below 26 price level and now it may further go down to 23.50 levels initially and then 20 levels. Target 1: 23.40 Target 2: 20.50 Stoploss: 28
A very simpler Nifty trade setup from this current channel, if we get break from channel & 8k's broken 7940's is our next level, OR Markets some bullish momentum 8380's. Either way we will be around 8300's around expiry ( Just My speculation, don't trade based on these ) Once we did 180 seconds flat, Now just 60 seconds for couple of trendline(channel) & Support...
* Channel Support * Bullish Harmonic * Oversold RSI *View negates on a close below 600
It is been observed on daily chart that the price action is breaking out from a downward trendline with an uptrend channel formation. It is slowly and gradually moving up the price levels while respecting the resistance and support levels of the said uptrending channel. It shall further move up to the next resistance level at around 460-65 levels. Target:...
* Channel * Gap * Horizontal trendline * 50% Fib retracement Crucial level to watch is 8320-8360
TV18 Price movement is bullish with periodic correction giving opportunity for fresh entry. as we see the price is moving in channel pattern with confirmed support & Resistance
It is been observed on hourly chart that the price action breaks above the downtrending channel with a big bull candlestick indicating strong bullishness ahead. It may correct after this big move but now it shall reach out to previous resistance levels at 125 levels. Target: 125 Stoploss: 110
* Rallies stuck @ Fib number - Will Fib series continue? * Channel Breakouts (Red Lines) * Higher or Equal lows @ support line of channel (marked dashed blue)
NIFTY ALMOST ON VERGE OF CHANNEL BREAKDOWN .. 8550 spot important to watch below that opens for 8470-8440
True to the title, On the days we had gap downs or Ups we face complete ranging market only with chances of scalping,let that not happen today. Yesterday's Nifty price action formed a channel sloping downwards, so we are looking for breakout & scalping chances within the channel. I don't scalp, unless you go with sizeable lots scalping will make your brokers rich,...
PF, latest Trendline and Channel cofluence at this point suggesting that buyers may enter at this level. Please keep a watch on it for emerging trade.
It is been observed on weekly chart that the price action firstly trending under a downward trendline and then breaks out of the trendline with good volumes. Now, it breaks the resistance level of 89 and now trending up in a channel and it shall reach to 95 levels. Target: 94.50 Stoploss: 84
The stock is respecting the channel nicely and have multiple resistance at this price zone so bull run may halt for time being now or it could see the price range of 250 in the coming expiry. It would be interesting to watch price action and see if it gives chance to trade.
It is been observed that there are two pattern formation breakout held on hourly chart, symmetrical triangle and Channel Breakout. Where the price action respected the breakout. Now, the price action breaks out from a upward channel breakout indicating further weakness. Targets are measured as per the channel and by also considering previous support levels on...