Price moves under the Upward parallel channel at NATCOPHARMPrice moves under the Upward parallel channel at NATCOPHARM
BSE: 524816
NSE : NATCOPHARM
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
Parallel Channel
RELIANCE to Dip via Inverted Cup & Handle ??!!Chart patterns look good for a short trade in Reliance industries
REASONS
1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel
2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support
Monthly timeframe chart below -
3. In weekly chart shown below, we can clearly witness lower high and lower low formed recently confirming Bearishness!!
4. In daily timeframe , it is trading in the form of an Inverted Cup & Handle and its due for Breakdown!!
5. Target levels mentioned as Horizontal dashed green lines
6. SL can be day candle closing out of the purple slanting trendline
7. Safe Entry can be after 2hr Breakdown out of the Inverted cup & handle pattern.
Let's wait & watch, how it moves!!!
NOTE - Just Sharing my View....not a tip nor advice!!!!
Finnifty - May 16Price is testing the upper trend line of the channel. Buy above 19640 with the stop loss of 19600 for the targets 19680, 19720 and 19760. Sell below 19560 with the stop loss of 19600 for the targets 19520, 19480 and 19440. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
DELTACORPNSE:DELTACORP
28/04/23
Delivery Buy DeltaCorp above 205
SL 198
Targets 225
Time : 3-4 weeks
Pattern Identified : Downward Sloping Channel
Breakout in Daily Charts with rising Volumes.
Disclaimer.
I am not sebi registered analyst.
Charts and levels are posted for Educational Purpose only it's not Recommendation. Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
BTC LONG at $25.800
BTC to buy at $25,800. Note that we have an ABCD that takes us to the top of this weak sales channel.
Putting a fractal from wave AB to wave CD and we have the top of the channel at $30,000.
This formation looks like a bull flag but it is not, a flag does not take more than 3 or 4 weeks to break so I see selling approaching $30,000.
As I will be long at 25,800 if I reach my target I will reverse the position.
ELECON ENGINEERING1) Strong weekly close above Previous ATH 476.
2) Trend goes in an uptrend channel - Weekly TF.
3) The weekly uptrend channel trend's resistance is at 553.55 and that will be the target 1.
4) In monthly TF - There is a Cup with Handle pattern breakout. As per Monthly TF and Pattern - The Target (Resistance) is at 660.
5) Strong Buy.