Get started

Parallel Channel

Banknifty weekly analysis for 27/02/22.Banknifty on the weekly time frame has formed a evening star pattern and closed below the 20 ema. Even on the daily time frame the market has closed below the 200 ema and 40k round level. Market has been taking support from 39900 levels. If it starts trading below the levels, bearish trades can be entered and nice targets can be achieved. On the hourly time frame, the market has closed below both the moving averages and formed a consolidation zone in the second session. The market has consolidated in a parallel channed. Let the market start trading outside the channel and decide the intraday trend. Support :- 39800, 39500 Resistance :- 40140, 40600 The 20 ema on 15 minutes is around the 40600 levels, watch for a resistance from it and any negative candle around it will be an opporunity. Wait for the price action near the price levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
LTTS CMP 3612 dated 10-2-2023 LTTS CMP 3612 dated 10-2-2023 1. Parallel Channel BO @ 3550 2. Triangle BO @ 3550 3. Last Candle is Doji Candle. Buy above 3640 for target 3725-3795-3915 SL 3500 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:LTTSLong
by SHEETAL_UDESHI
1
Swing buy idea : MHRILWith stop below the second green line a strong candidate for a 4 to 5% up move Mahindra Holidays & Resorts India Limited is a leading Indian company that provides holiday accommodation and vacation ownership. The company is a subsidiary of Mahindra Group and was founded in 1996. Its headquarters is located in Mumbai, India. Mahindra Holidays offers a range of services and products that include vacation ownership memberships, holiday packages, and associated amenities like resorts, clubs, and restaurants. The company has a portfolio of over 60 resorts across India and abroad, offering a variety of experiences to its customers.
NSE:MHRILLong
by pratik2358
JBMA NSE:JBMA This Stock has broken the 6month long consolidation channel with good volumes. Divergence in 50/100/200 EMA is also visble. One can buy in dips with 20EMA as Stop Loss for Short Term and 50EMA as Stop Loss if you wanna have a Long Term positon. Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:JBMALong
by vkj123
Thermax has taken support from last support levelThe stock has confirmed its reversal. Its time to accumulate the share. But the safe trader cannot enter yet. The trend lines need to be taken out for a safe trader to enter. Thermax is old company which has shown massive returns recently. The company owner family is amazing and down to earth, they have Mr. Tata level vibes. Which is a symbol of trust for me. Disclosure : I am not SEBI registered.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
NSE:THERMAXLong
by SurajChandak17
1