Bank Nifty - Analysis for Dec 14Buy above 44040, stop 43960, targets 44160, 44320 and 44440. Sell below 43900, stop 43960, targets 43840, 43780 and 43700.
Parallel Channel
Bank Nifty - Analysis for Dec 13Buy above 43720, stop 43660, targets 43800, 43920 and 44040. Sell below 43600, stop 43660, targets 43520, 43440 and 43320.
Bank Nifty - Weekly Review Dec 12 - Dec 16Trend deciding level is 43680 - 43720. Buy above 43720, stop 43660, targets 43800, 43920, 44040, 44200 and 44360. Sell below 43600, stop 43660, targets 43520, 43440, 43320, 43200 and 43040.
cochinship yard channel pattern expected 10% roi.Cochinship yard stock is trading at channael pattern having probabilit of 10%
targets mentioned on charts
UTIAMC: Falling channel breakout is on vergeUTIAMC: Falling channel breakout is on verge
This is good for short term period of about 1.5-3 months
Buy above 761.5
Targets: 779/801/819/9837/886
SL : Trail as per Risk management for Intraday and for positional it should be 719
Disclaimer: I am not SEBI registered, contact your financial advisor before any investment
Comex Gold(XAUUSD): Monday - 12/12/22Supports : 1790, 1786, 1781, 17754
Resistance : 1796-1797 supply zone, 1806
Right now FXOPEN:XAUUSD is in intraday uptrend clearly. A few points to be noted:
The price is in an uptrend regression channel as shown in the chart (blue-pink channel).
In last 3 days in hourly chart, one can see the price is making higher highs, however RSI is not able to cope up with the higher highs (shown as dotted green line). So there is a clear negative divergence in the hourly chart indication of momentum exhaustion .
1790-91 will be the most crucial level to watch for. The fib 61.8% is there as well. A breakdown of that level means the uptrend channel also broken. SL: 1795.
On higher side, 1805-1806 is the level above which, if price sustains, can go Long with SL of 1996.
Yes Bank Ltd (YESBANK): Is it time to say "Yes" to the bank?Today, Yes Bank broke the 28 week consolidation high of 15.05 with good volume. But ended closing marginally below at 14.70
Important to note, it crossed the important levels of 50, 100 and 200 day Moving average and closed above it. This can be a positive sign for the stock. However, the next few days are important to see how the price behaves.
It might consolidate between 14.25 and 15, or else if the momentum continues, and the price action sees good volume above the level of 15, then we can see a level of 16 and 18.
The current 200day exponential moving average, at 13.85, can also also act as stop loss level.
However, strictly follow your stop loss at 5-8% or as per your risk management.
Breakout and Retest in MCDOWELL_NBreakout and Retest in MCDOWELL_N
Entry: 859
Target 1: 930
Target 2: 1005
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.
BoB| BO from Rising Channel|50% UpsideNSE:BANKBARODA
Weekly Breakout from Rising Parallel Channel
CMP trading above all major Weekly Exponential Moving Avgs and taking Support and bouncing
RSI in Bullish Zone
Tgt: 155 - 171 - 190 - 224
SL : 125
Upside Potential : 50%
Time Frame : 3 - 12 Months
Reason for why should you watch TCS !!TCS has given a breakout today & it's also at a good level to catch
Why TCS over all other IT Stocks NSE:TCS
Reason: Strength
When all others were in sell-off facing selling Pressure. It was the only standing man. Where the candles were forming was quite demanding.
Similarly, I've told some stocks in the Nifty Infra setup NSE:ULTRACEMCO NSE:GRASIM
Don't forget to follow
Follow for your learnings, not just for what I said
17 Years Sideways Parallel Channel Breakout at KTKBANK17 Years Sideways Parallel Channel #Multiyear #Breakout at #KTKBANK (Karnataka Bank Ltd) Weekly Chart. Its #Outperformed #Nifty
BSE: 532652 / NSE : KTKBANK
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Channel BO expectedRunning in parallel channel from past few months, tested the resistance multiple times and ready to break. Increase in volume in recent session. Rest all is clear in chart.
Disclaimer: All info are for educational purpose.
M_MFIN: Pick for the weekM_MFIN: Mahindra & Mahindra Financial Services Ltd
PC-A = PC-B
Exactly Same
#WondersOfPC
Technicals:
• Script is respecting the Parallel Channel levels at every levels
• Stronger buying volumes
• RSI entered in 60 Zone
• Relative strength is in Green
• Closed strongly above recent high of 235, also the 52 week high
• Re traced strongly from the recent low of 176, respecting every levels of Parallel channel
• Creating Higher Highs, Higher Lows
Levels for positional trade:
Entry levels: A full candle above 240 levels will confirm the entry level
Until then we might see some time consolidation at 235-240
Target: 1st, 265, then 240 in short run
SL: 229, Closure below 229 will invalidate this upside view in short run
Next support area will be 210-215
Breakout on Apollo TyreIn this chart, I have found a breakout on Apollo Tyre. price faced resistance the market zone on Sep and Nov. Hence, these zones are now to be treated as important support zone. But still it is a simple analysis only and not an recommendation. Please do trading / investing with your own respnsibility. This post is only for educational purpose.
Prestige channelGood chance of reaching channel top
Can be bought with SL of 444
Target can be 550 and 625
Buy on dips for better RR
DVL||06-12-2022||SWING AND SHORT TERMTRADE IDEA: CMP : 282 **GOOD BULLISH FLAG PATTERN**
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
** In this chart, I can see good long run from 92 to 315
**After a very good bull run market try to make a parallel channel**
**we can see good inverted head and shoulder pattern in weekly chart inside the parallel channel **
** The inverted head and shoulder pattern neckline around the 265**
Trade can long even from 280-282 to get the all time high of 345-350
FUNDAMENTAL : I saw the stock book value around 600 and stock trading half of its book value
keep following We will grow like healthy society.
FINNIFTY expiry CHANNEL patternThis is for those who are not going to watch the video and are in a bit hurry. Though I would highly recommend watching.
Entry: above 19320
SL: 5 EMA or 20 EMA according to your risk appetite
Target: 1:1.5 or 1:2
Don't get bullish unless it breakout in 5 minutes with volume.
I am not SEBI resisted. Kindly take your own trade.
happy trading.
FinPipe: Parallel channel engulfNSE:FINPIPE :
A uptrend parallel channel breakout
High volume
High momentum
Trade: Buy above 176, SL: 170, T: 180/183
Sell below 165, SL: 170, T: 160/155
Hi-Tech Gears: Parallel Channel BreakoutNSE:HITECHGEAR is good because of:
One bullish engulfing candle crosses the whole uptrend parallel channel
High volume
RSI momentum is great.
Trade : Buy above 293, SL: 285, T: 298/304
Sell below 275, SL: 285, T: 270/265
WOO bullish scenario BINANCE:WOOUSDTPERP
Bullish scenario . Travelling inside the channel good to long at support.
FOLLOW FOR MORE
FROM: 𝕄🌚🌚ℕ𝕋𝔸ℕ𝔾 ℂ𝕃𝔸ℕ™️
PRINCEPIPE: Strong Breakout with Rounding BottomPRINCEPIPE: Prince Pipes & Fittings Ltd
PC-A = PC-B
Exactly Same
#WondersOfPC
Technicals:
• Strong retracement from lower support of PC-B
• Script is respecting the Parallel Channel levels at every levels
• Last candle's close above 580 is conforming the BO for Midline of PC-B
• Taller green towers in volume indicating support for stronger breakout, and Rounding Bottom
• RSI entered in 60 Zone
• Rounding Bottom Pattern
Levels for positional trade:
Entry levels: Opening above 600, CMP
Target: 1st, 640, then 700
SL: 559, Closure below 559 will invalidate this upside view in short run
AJMERA: Higher volumes in support for BreakoutAJMERA: Ajmera Realty & Infra India Ltd
PC-A = PC-B
Exactly Same
#WondersOfPC
Technicals:
• Script is respecting the Parallel Channel levels at every levels
• Last candle's close above 330 is conforming the BO for Midline of PC-B and now moving towards upside of the channel
• Taller green towers in volume indicating support for stronger breakout
• RSI entered in 60 Zone
• Relative strength is in Green
Levels for positional trade:
Entry levels: Opening above 335, will trigger entry at CMP
In my view, May face some resistance at upper line of the PC-B, near 370, good position to add further if volume in support
Target: 1st, 415, then 465
SL: 283, Closure below 283 will invalidate this upside view in short run
GMDCLTD: Breaking out stronglyGMDCLTD: Gujarat Mineral Development Corporation Ltd
PC-A = PC-B = PC-C
Exactly Same
#WondersOfPC
Technicals:
• Last candle's close above PC-C with strong green candle
• Taller green towers in volume indicating strong built up for breakout
• RSI entered in 60 Zone
• Relative strength about to be in green zone
Levels for positional trade:
Entry levels: Opening above 160, will trigger entry at CMP
In my view, todays opening above 160 will give the confirmation for breakout
Target: 1st, 177, then 195
SL: 149, Closure below 149 will invalidate this upside view
