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Parallel Channel

ADANI PORT --LOWER CHANNEL BREAKOUTADANI PORT --HOURLY CHART SETUP --LOWER CHANNEL BREAKOUT 1, Adani port seen lower channel breakout on hourly chart last hourly candle . 2. Pullback seen around 785-790 sub level trendline breakout above 805 level 3. One can initiate Buy 810-820 range for positional target 830-850-880 stop loss bellow 780 level 4. Trading above 44 HMA on hourly chart . 5. RSI above wma . THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk ,!! HAPPY TRADING ,!
NSE:ADANIPORTSLong
by champtrade111
1
NIFTY moving in a DESCENDING CHANNEL Pattern ?!!!In 1hr time frame, Nifty is travelling in a descending channel pattern (as shown in chart) . If the next hourly candle breaks down out of the yellow trendline, we can go short!! 18000 being psychological support, we can increase our quantities after 18k breakdown!! Seems like Nifty is respecting the channel , Let's see how it moves!!! Target and SL levels mentioned @ chart!!! Note- Just Sharing my view...not a tip nor advice!!!
NSE:NIFTYShort
by mmjimm
Asian Paints: How to play a channelAsian Paints The Chart set up - Since Oct 2022 the stock has been trading in a channel - chart is not strong but with crude prices stabilizing at lower side it favors the sector as oil is one of the major raw material. ___________________________________________________________________________________________________________________________ Trading plan One way to trade this is : Wait for the stock to give a sustained breakout from the channel. Ideally a 3 day close beyond the channel limits should be good cue. Then play for the size of the channel in that direction (roughly 150-180 points in the direction of breakout can be looked as target in this case) Second way to trade this Play for a Non directional trade The limits of the channel are roughly 3240-3244 on the upside and 3018-3030 on the downside Given the set up, consider a short strangle strategy to start with. Sell 3250 Call and Sell 3000 Put In case stock moves out of range, have a plan to Adjust your strategy to a directional one. ____________________________________________________________________________________________________________________________ Understanding reward potential and risk profile In scenario 2: The Strike Price chosen covers the known risk (Channel limits) It provides a profit potential of approximately 13400 per strategy lot (approximately 11.5% ROI on margin requirement). Take advantage of time decay in case the stock stays within the range. In addition, there is in built protection against loss for a fall up to 2933 on the downside and 3317 on the upside till 25 Jan 2023 expiry day. This should give ample scope to adjust strategy in case stock moves out of range. __________________________________________________________________________________________________________________________ Do let me know if you find the analysis and insights helpful. To trade with me Like and Follow for more trading ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ASIANPAINT
by indiamarketoutlook
2
A Weekly Pick (Medium-term update) RAIL VIKAS NIGAM Ltd (RVNL)Retail Equity Technical Research Report A Weekly Pick (Medium-term update) RAIL VIKAS NIGAM LIMITED (RVNL) Elliott Wave View: RVNL, Wave (5) of 4 in Play? Dec 24th, 2022, By Dinesh Naidu Medium-term Elliott wave view on Rail Vikas Nigam Ltd (RVNL) suggests that the decline to Rs.84.1 (29th Nov'22) ended wave 5 of 3, downside rally is still in progress with internal subdivision as a A-B-C (Corrective) Elliott wave structure. We assume that cycle from the 20th of June'22 (Rs.29.05) low is unfolding as 5 wave impulse structure. We expect to see a price to pull back in ((4)) before rally takes place towards new highs. Rating: Accumulate, BUY Buying Range: Around 55 to 53 Zone 3 & 6 M Price Target: Rs. 90, 97, 118 Potential Upside (%): 57 to 64 Rail Vikas Nigam Ltd was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways as per the concession agreement entered with Ministry of Railway. Business Offerings New lines: This includes augmenting the rail network by laying new railway lines to achieve a seamless bi-modal transportation network. Doubling: It involves the provision of additional lines by way of doubling the existing routes to enable the Indian Railways to ease out traffic constraints. Gauge conversion: This includes the conversion of meter gauge lines to broad gauge railway lines. Metropolitan transport projects: Company takes up projects to set up metro lines and suburban Railway electrification: The Company is engaged in the electrification of current un-electrified rail network and electrification on the new rail network. Workshops: This includes manufacturing facilities and workshops for repairing and manufacturing rolling stock. Others: This includes the construction of traffic facilities, railway safety works, other electrification works, training works, surveys, construction of bridges including rail over bridges, etc. Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
NSE:RVNLLong
by Dino_Naidu
Adani Port Cmp 856 dated 22-12-2022 Trendline Break downAdani Port Cmp 856 dated 22-12-2022 1. Trendline & Channel breakdown below 845 Sell below 845 for target 825-805-795 SL 870 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:ADANIPORTSShort
by SHEETAL_UDESHI
6
NIFTY: wave analysis and prediction on live price.Someone new to Wave-Counting might be a little confused. OR a lot confused. Here's what I'm trying to explain: I have these 3 Correct Wave-Patterns (ABC) that are bullish. You'll notice in the chart below that another higher price ABC. An easily can recognize that impulsive sub-waves (1,2,3,4 and 5) of the higher degree of waves A and B. At this time, Nifty is trying to complete ABC's corrective pattern of wave 4(of the higher degree of wave C). The price looking for a new high. You can understand this by looking lower TimeFrame of the ABC pattern. Another reason for the upcoming new high in nifty is that, the measurement of wave A=C. The validation for this pattern requires more analysis.
NSE:NIFTY1!Long
by Trade-Technique
4
STEP BY STEP EXCHANGING CHANNELSMCX is looking that next breakout will happen very soon in this stock so I try for how when and why logic in this chart, as we can see on daily chart I am sharing below that it was a clear breakout on at 1490 levels so after that breakout it continue trading in parallel channels and each time when it breaks pervious channel it shift it's trading in to new channel so we can see a possible breakout if it will succeed to break current channel and sustain above so we can see the targets of 1742 and 1832 in this stock. DAILY TIME FRAME BREAKOUT PREVIOUS PUBLISHED IDEA AT SAME 1490 LEVELS
NSE:MCXLong
by AMIT-RAJAN
2
12 Years Multiyear Breakout at IRB12 Years #Multiyear #Breakout at #IRB (IRB Infrastructure Developers Ltd) Weekly Chart. Its #Outperformed #Nifty. BSE: 532947 NSE : IRB 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.
NSE:IRBLong
by Usemerr