ENGINERSIN LongAscending Channel BO and Triangle BO
ENGINERSIN
Buy above 121.5
SL below 114.5
Targets: 128, 131, 135 +
***Educational Purpose only***
Parallel Channel
VIDHIING LongMid to Long Term
Parallel Channel BO
Triangle BO with high Volumes.
VIDHIING
Buy above 393
SL below 380
Targets 404, 433, 459, 475, 495 +
***Educational Purpose Only***
RELIANCE IS BREAKING OUT FROM PARRELEL CHANNELReliance coming out from a parrelel channel
volume good with strong RSI
educational idea only
GENUSPOWER - POSSIBLE UP MOVENSE:GENUSPOWER @ 84.65 CMP , Broke out Long term top trend line and coming out of cup & Handle pattern. TGTs and SL are in the Chart
Educational purpose.
JK Bank - 28% Move, But Stay Away!JK Bank shows amazing strength technically & looks like it can post a 28% move. But even though you have charts telling you stories, if one is going for this stock, go with a strict stoploss after having your own research.
The management has something fishy going on & the audits in past have proved it. At the end, do your own research. Although this has a good risk reward ratio, but better to skip it :)
Cheers.
LATENTVIEW - BreakoutStock gave breakout in the upper side. Looks good for swing trading
Target1 = 390
Target2 = 406
Target3 = 423
DRREDDY - Weekly channel breakoutDRREDDY gave break out in the weekly time frame. Looks good for short term and long term
XAUUSD #GoldGold has been falling on parallel channel since Mar'22 high.
Anytime this channel is broken that could be nice move until then enjoy the channel
L&T Finance holdingsLast week the price moved up from a brief consolidation. Watch for price action between 92 and 95. Above 95, can see price go up to 101. And if the momentum continues, 113 is achievable in good time.
80, 72 and 66 can act as good support zones.
Note: Always define stop loss in your trade, usually 5-8%.
AAPLApple stock has been in parallel channel since Dec 2004 and now it is almost at the upper end of the channel.
If it fails to give BO then there is good possibility that it may correct in handsome way to retest the support highlighted.
NIFTY: Wave Projection Suggests A New High But…Timeframe: Daily
Nifty has accomplished its double three correction (w) - (x) - (y). Price had risen rapidly after the completion of wave c of wave (y).
According to the wave principle, Nifty can only confirm its trend after breaking wave (x) of a complex correction. So, the price must have sustained above 18111 . It is also a higher low, and the price may face resistance from this level.If the price fails to sustain above 18111 , nifty can start a correction up to 38.2]% [/b retracement of the wave. The length of the impulsive wave 3 is 2.618% of wave B.
Conclusion:
Upward move is limited to 18111 , and the price has to confirm the Bullish momentum by sustaining above this level. Failure may start 4th wave correction.
I will update further information.
IS BRITANNIA THE HOTTEST INVESTMENT OF 2023?In the previous idea, we initiated a short position in NSE BRITANNIA to trade wave C of wave (4). Price reached all the given targets.
- NSE Britannia – The Last Move of Correction
Timeframe: Daily
NSE BRITANNIA has accomplished wave C of wave (4) and started rising for an impulsive wave (5). This corrective wave (4) has a 38.2% retracement, one of the most common retracements.
According to the Elliott wave principle, the impulsive cycle can only confirm after the breakout of the previous corrective wave. Price has broken out the correction channel, but wave B must break for the 5th wave to form.
If the price breaks out wave B at 4407, traders can trade for the following targets: 4456 – 4500 – 4558 +. However, failure will continue its corrective formation and lead to a new low. In case of failure, we will change our position with selling targets.
HARSHA LongParallel Channel on DTF
Triangle pattern on Lower TF
HARSHA
Buy above 474
SL Below 438
TP near 509
***Eucation Purpose only***
TSLATSLA is in parallel channel and given BO above rectangle box
it has potential to touch upper edge of the channel
NLCINDIA Parallel channel breakout on Weekly Timeframe NLCINDIA Parallel channel breakout on Weekly Timeframe and Cup and handle breakout on Daily TimeFrame .
Target 1 = 103.30
Target 2 = 107.75
Target 3 = 111.95
Stop loss = 92.60
APE🚀 LONG NOW👀APEUSDT
LONG 5-10X
R:R=1:4
CHANNEL BREAKOUT ON 15M AND 4H TIME FRAME.
SL-2.040⛔
Could be a good rally 📈
RITES LONG RITES gave good triangle breakout with retracement near trendline with volume target will be 570
Paytm - Is it time to say "PayTM Karo"... or not...Price in consolidation zone near the resistance level of 747.
Breakout above this level, with good volume will create a momentum for a substantial upside.
680 can act as immediate support zone.
PS: Not a buy/sell recommendation.
LONG BREAKOUT IN HERANBA INDUSTRIES...BUY - HERANBA INDUSTRIES LTD
CMP - Rs. 401
Target - 1: Rs. 505
Target - 2: Rs. 608
Target - 3: Rs. 670
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Technicals - Descending Channel BO
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This is just a view by an expert analyst, please invest at your own risk.
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Reliance Rising channel bottomReliance is at bottom of rising channel on daily TF, good to take risk and trade with a small stop loss. Target 1 -2862 & Target 2- 3200. Stop loss 2300 on DCB.
NetronixNetronix is in parallel channel since 2008 and recently it has given all time high breakout at 50
expect mild retracement and follow through is going to be bullish
Channel BreakoutAn ascending channel is used in technical analysis to show an uptrend in a security’s price.
It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively.
Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
Script = Tata Steel
Time Frame = 1 Day
