Parallel Channel
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)
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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.
ARIES | Simple channel breakout ahead - Potential for 70%ARIES | Simple channel breakout ahead - Potential for 70%
CMP : 151
SL : 120
Target : 250
1:3 risk reward setup
P.S : Market cap is just 200 crore, strictly consider a very small position.
Banknifty Price action Symmetry NSE:BANKNIFTY
Banknifty price movement is still moving in a symmetry to its structure and there are very low signs of change in symmetry
and Banknifty has tested the resistance level and reversed a bit validating the make-or-break zone.
The resistance level is 41300
The support level is 40800
A break of any level can give good momentum.
The Up price movement from the last 2 sessions has moved up with very low momentum, and the probability of a fall is very likely.
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy Trading!
KOTAKBANKKOTAKBank broke out of descending parallel channel with good volumes on hourly/daily charts.
Could be bought with mentioned stoploss & target.
Buy SAILPrice is at the support level of the channel. Stochastic oscillator signal line crossover. Formed a bullish engulfing pattern on the support level .
Buy - 83.00 - 84.00
Target - 96.80
Stop loss - 78.0
Risk reward ratio - 1:3
IZMO very storng BO and reday for 20% upsideIZMO CMP 121 : The first company to have procured a license to manufacture arms and ammunition in India under the Make in India initiative.
It gave a technical breakout at 104 and now heading for previous high of 149. If crosses 150 and gives weekly close abv that then one can expect another 25% upside.
Glenmark Ascending Triangle formation Glenmark Ascending Triangle formation
bullish only above 410 closing for tp of 457-460
sl 378 on dc basis
Bosch Bullish ascending triangle formBosch Bullish ascending triangle formation can look for tp of
18968 and 19228 positional only daily closing above 18261
disclaimer : only for educational and learning purpose
MRPL Going Sell ?Hi guys, today I'm back with a stock MRPL and as you can see it is on the resistance of the channel and 200 ema and telling us to sell, Thank You
banknifty H& S and Parallel Channel Banknifty Target as pattern
Head & SHoulder & Channel Pattern in Banknify & Finnifty Both
Finnifty H&S and Channel Finnifty Target as pattern
Head & SHoulder & Channel Pattern in Banknify & Finnifty Both
Swing trade opportunity in BATAINDIABreakout in BATAINDIA in Daily Timeframe
Entry - 1710
Targets: 1860 & 1940
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
