Black Friday saleUp to 70% OFF

Parallel Channel

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.
FXOPEN:XAUUSDShort
by pradipandsuvra
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.
NSE:YESBANK
by TheUnlearningOne
2
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.
NSE:KTKBANKLong
by Usemerr
1
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
NSE:M_MFINLong
by ChartSarathi
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.
NSE:DVLLong
by Purushothg19