Price was moving in a channel pattern and today it has given break out. Trend deciding zone is 1080 - 1085. Price has to sustain above it to move up further. Buy above 1085 with the stop loss of 1076 for the targets 1094, 1102, 1112 and 1122. Bearish below 1076 and price may test 1060 level. If price is unable to sustain the mentioned level, then once again price...
#Relinfra cash -Positional call 01.March 2024 Stock is trading at lower end of channel at 220-223 Continuesly making high lows & Trading in channel .... Strong support at 188-190 for long term investors Cmp 220-223
- We are looking at Channel trade potential - Stock has been trading in a sideways channel since July 2022 - currently trading above 21 day EMA (2419) and below 63 day EMA ( 2469) - momentum may come in once closing is above 2470 odd levels Rest levels are mentioned in the chart itself Take care
Descending channel , top trendline connects the resistance points (lower highs) and bottom trendline connects the points of support (lower lows).The price broke out of the descending channel twice and rallies 15-20%. Volume - low during correction phase and spike in today's session. RSI - indicating momentum and relative strength in stock. Fibonacci...
The chart is self-explanatory and shared for educational purposes. Price fluctuated in the upper and lower parallel channel, trading with Higher High (DOW Theory) and high-volume Breakout. There is a high possibility for an upward momentum.
TATATECH has a PARALLEL CHANNEL PATTERN as well as W PATTERN
#Idfcfirst bank Cash -Positional for 3-4 months 26.02.2024 Looks good above 85.10 and dips 82.50-83 Stoploss 77 Add more above 90 Tgt 98-100/120 Cmp 83.95
Nifty has shown confirmation to be into parallel channel. will it be able to hit the upper channel of the channel Wyckoff distribution and head & shoulder pattern is negated
Break Out of the rising channel. Volume Shocker. All time High.
STAR (Strides Pharma) - Watch out for a multi-year breakout in STAR (Strides Pharma) in the monthly timeframe with a beautiful Head and Shoulder pattern.
1. There is formation of typical Bullish Flag like pattern on Daily Time frame and breakout above 590 can take the price to 750/- price level I.e. potential of approx. 30% upmove with a stop loss below today’s low I.e. 517/-. Giving an excellent opportunity of 1:2 Risk : Reward. 2. As per Elliott Wave Analysis, wave - 4 is under formation taking support at 38.2%...
AXISBANK breaking parallel channel with good volume #target can be 1200 EDUCATIONAL IDEA
INDIAN BANK has got a strong channel breakout with heavy Volumes and RSI. Stock is also favourable as per technical analysis, Bollinger Bands, and other tools.
ABC has a potential target of 190. Wait for closing above 176 to have a sure-shot entry. PS: Only for Educational Purposes
Is Paytm making disjoint channel. Will it be making bottom at 280(270) or it may try to touch 200
Since beginning paytm was in parallel channel. and going by this trend expect it to be keep following it
A Bullish Flag Pattern is under formation on daily chart with a potential of going as high as 1200 i.e. more than double of current price. Potential targets are 740/ 950/ 1220 with a very small Stop Loss of 530. Current Market Price - 574.
On day chart World Coin is in negative channel I think BINANCE:WLDUSDT can down to $2 because this level is the confluence zone of Golden Ratio and Horizontal Support Wait for rejection around this level to join