HINDOILEXPIn the channel. Pls wait for breakout
PS: Do your own research
Drop in your doubts in comments section
Thanks.
Parallel Channel
JUBLINGREAJUBLINGREA has been in parallel channel since Apr 2021.
Too much tape noise on this stock.
Lauruslabsafter making top lauruslabs is in parallel channel. now it has broken the support and heading more down. I doubt it may touch the lower edge of the channel
MCDOWELL_N Analysis- in verge of notable Down move ??!!!Chart patterns look prudent for the above titled opinion
REASONS
1. MCDOWELL_N has been trading inside a Ascending channel pattern (taking support and resistance at perfect channel levels)( shown below Monthly chart for broad view)
2. Monthly Breakdown by witnessing the January month candle(with volume bump) with low too tested the next month
3. Inside the Ascending channel pattern, it is undergoing the downswing move in the form of descending expanding channel pattern (shown by white trendlines)
4. High and Lower high too formed ....but we need lower low in the weekly chart to confirm the upcoming strong bearish move (shown below in weekly chart )
5. There is also a BEARISH PENNANT (shown in the above weekly chart itself) yet to breakdown!!!
6. SL level mentioned @ chart
7. Better to enter after breakdown...if entering now, take 736 as target
8. It needs to break the 730 level for the fat bearish move !!!
9. Will update target levels once it gives breakdown!!!
Let's wait and watch how it moves!!!
Note- Just sharing my view...not a tip nor advice!!!
Regards,
mmjimm
GNFC Cmp 509.35 Reversed from SupportGNFC Cmp 509.35 dated 31-3-2023
1. Reversed from support.
2. Consolidating in a channel & reversed from lower band.
3. RSI Reversal
Buy @ CMP for target 530-545-565-570 SL 490
It is just a view, pls trade at your own risk.
MCXMCX broke out of descending channel with decent volumes on an hourly TF.
Risk:Reward in this trade is very much in favour of bulls.
Could be bought with mentioned stoploss & mammoth target.
M&MM&M broke out of descending channel on an hourly chart with decent volumes.
Could be bought with mentioned stoploss & target.
Please comment if you like my charting techniques, suggestions welcome.
Mighty Nifty - April 24Price has formed a decending channel. Buy above 17630 with the stop loss of 17600 for the targets 17660, 17690 and 17720. Sell below 17560 with the stop loss of 17600 for the targets 17520 and 17480. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
DELTACORP | Channel + Flag breakout - Potential for 15%DELTACORP | Channel + Flag breakout - Potential for 15%
CMP : 198 (Dip : 195)
SL : 190
United spirits Technical analysis -1W chartUnited Spirits chart pattern looks very good to hold on for long term (next 4-5 years). Even though stock is looking for a small correction of 10% and to trade in sideway range of 10% levels up-down in short term and is a good to hold it for long term. Stock have a strong support at 500 levels which is 30% away from current level and it will be good to go for 1:1 RR.
Buy -> 750-775
Sell --> shortterm --> 950-980
long term --> 1200
Stop loss --> Short term - 650-675
Long term can hold upto 500 levels and average it
TITANTITAN broke out of descending channel on shoter TF with decent volumes.
Could be bought with mentioned stoploss & target.
CUB | Excellent reversal opportunity with very good risk rewardCUB | Excellent reversal opportunity with very good risk reward - Trying to capture 40%
CMP : 130
SL : 110
Target : 190
CAREERP | Channel breakout with volume CAREERP | Channel breakout with volume - Looks good for a decent rally
CMP : 165 (Dip : 155)
SL : 140
Target : 250
Infosys in Trouble along with All Tech stocksInfosys is in Zig zag correction after making top near 1955. The Rally from covid low ends in 5 waves near 1955.
Currently in Wave C which can head up to 1073 and worst case 700 which is 1.618 extension.
Analysis invalidation level will be 1620.
The LAST Time we analyzed it, moved as per chart
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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SKMEGGPROD - Bullish Pattern and Strong Support Levels
Recommendation: Enter now at the lower support lines and exit at the upper resistance line.
Why I am personally bullish on this stock ?
1. Bullish Price Channel
2. Strong Fundamentals
a) Quarterly Sales increased from 77 crores (Dec 2021) to 182 crores (Dec 2022).
b) Quarterly Operating Profit increased from 4 crores (Dec 2021) to 46 crores (Dec 2022).
c) Pledged promoter holdings is insignificant.
d) In last 6 months, promoter holding in the company has almost stayed constant.
Supplemental Reading (Optional)
-----------------------------------------
a) What is a Channel Chart Pattern ?
1. A trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance).
2. When the direction of a channel is upward then it is considered the bullish channel whereas when the direction of the channel is in the downward direction then it is called a
bearish channel.
b) How to trade in Parallel Channel?
1. Sell stocks at the upper resistance line.
2. Hold stocks within the parallel trend lines.
3. Buy stocks at the lower support lines.
Disclosure:
I am not a SEBI registered advisor. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions. This is neither an advice nor an endorsement.
AXISBANKAXISBANK is trading in descending channel & its trying to breakout of channel, wait pateintly to break 852 then its a buy for very short term.
Could be bought above 852 with mentioned stoploss & target till EOD/GAP-UP.
bullish harmonics / falling parallel channel trade :nifty
cmp 17005
yesterday swing low 16850 has triggered bullish harmonics .886 levels
making bottoms near trend line supports of parallel channel .
positionally nifty can reach 17140 / 17220 / 17440 / 17570 / 17780 levels with stop loss of 16740 on closing basis
all technical set ups are shared in charts
HULHUL broke out of descendng channel on smaller TF with good volumes.
Could be bought with mentioned stoploss & target.
Bank Nifty - April 11Sell below 40780 with the stop loss of 40880 for the targets 40680, 40540, 40460 and 40320. 41000 - 41100 is resistance. Price have to sustain above it to be bullish. Buy above 41140 with the stop loss of 41040 for the targets 41240, 41360 and 41480.
This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
SUNTVSUNTV broke out if desceding channel with good volumes on daily charts.
Could be bought with mentioned stoploss & targets.
