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Parallel Channel

Nifty will touch 19760 tomorrow ?Hi All, Hope all are doing great. Last 3 days nifty traded in the rising channel which eventually broke today opening itself. The channel target also achieved. Exactly from there it took support and closed the day near the channel bottom. If we look closely first time gave gap up near channel bottom. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:NIFTYLong
by tmvinoth3
Maruti wide channel formation intraday & swing setupNSE:MARUTI Maruti Ltd on 2-hour timeframe You can see a wide channel forming and currently trading at major trend + channel support trend line. The probability of reversal is very high. Entry has 2 Scenarios:- 1. It can Give a breakout above 9565 directly or 2. It will again test the support zone and forms a double bottom pattern and then breakout above the entry point. You can plan SToP below the previous swing low or you can plan just below the current support lines. The further Resistance zones are marked on the chart. Trade after doing your own analysis. These are my Views please comment your views on this idea so we can improve together. Please Like and share with your friends. Keep learning. Happy Trading.
NSE:MARUTILong
by SANJAYPATIDAR_
4
BTC in Bearish Parallel Chanel PatternBITCOIN 4-hr Chart Analysis CRYPTOCAP:BTC at present moving as per Descending Channel's in Parallel Pattern with more Bearish mode, and soon be ready to break out Last Lower-High strong support of $28,300 to moving towards FWB:27K to next step of Lower-Low trends in Bitcoin Market. This time, very big chances to break down approx. 7% to 10% soon. Let's wait, what's the next move of market but as per my opinion, soon it will be in bearish zone. anyway, always #DYOR and Trade wisely by using #StopLoss, It's just #NFA & Must Share, LIKE & COMMENTS on it....
BShort
by AskToRahulSirohi
Nifty will break rising channel or support from the channel ?Hope all are doing great. Here’s my 1D timeframe analysis. As we can see in the chart from 18-Nov-2022 to 5-Apr-2023 around 138 days there was a good falling channel pattern. It broke and achieved 3 times the target. The next 138 days from the previous breakout is forming beautiful rising channel pattern. As per the pattern nature it might break below to the given support level 19118. Expecting to touch that support level on or before 22-Aug-2023. I also shared similar analysis for banknifty giving reference below. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:NIFTYShort
by tmvinoth3