Another good example of candles respecting Parallel Channel After giving Breakout from PC A at 3875 It couldn't sustain Break-in of PC B and now at support level of 4225 If candles respects the Support level we can see up move till upper line of PC B If not, we may see downward movement till PC A upper line Fundamentals are looking strong with Q1FY 23...
Another good example of candles respecting Parallel Channel (PC) ◉Technical Analysis:- Analysis with The Slope of Parallel Channel (SPC): SPC B = SPC A1 and so SPC A2 SPC of D = SPC of E And now we are at the breakout level of the Big PC B Here we can see the PC A2 is formed near this breakout Such same PC A1 was formed before the breakout at 294 on...
KIRLOSENG | Channel breakout - Looks potential for 30% CMP : 177 (Dip : 170) SL : 155 Target : 220 1:4 risk reward setup
pattern retest done. pennant pattern formation monthly closing would be watchout for...hoping for good bulls
Marked are waves from Covid low towards top as 5 wave impulse structure. Price from Covid low crossed 0.236 by good margin so next is 0.382 Fibonacci near 14300 While making low of 15183 price got thrown below channel the balance has set when price made high 17992 and was thrown above channel. Wave II of larger degree is currently in progress from 18605 and it...
Symmetrical Triangle #Breakout at #GMMPFAUDLR (GMM Pfaudler Ltd) weekly chart. BSE: 505255 \ NSE : GMMPFAUDLR What Is a Triangle? A triangle is a chart pattern, depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns. KEY TAKEAWAYS :- In...
Technicals: • Bullish view after took Support at the Channel mid level of 76.50 • Buying with good volumes • RSI positive divergence • RSI shifted from below 40 to above 60 • Relative Strength also in positive zone Fundaments: Q1FY23 Result Highlights: • Net debt : ₹464 Cr • Down from ₹1,005 Cr as at Q4 FY2022 • Estimated Collection of ₹600 Cr from sold...
By this we get to know Importance of Technical analysis. 13 Years Channel Breakout Target 364. After that 2 times consolidated and again it breakout with strong buyers . Recently also same Thing happened and going towards it 13 Years Channel Target that is 364 Even though market is correcting this stock look very strong technically. Do your own analysis...
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
L&T touches the lower channel line so we can go for small swing trade..stop loss below the channel ....target near upper channel
After taking support at the mid of the channel at 530, we got the channel breakout at 560 And yesterday's movement with huge buying volume confirms the breakout
Moving Averages From the last 2 days the stock traded below the 200ema. The ema lines are making a wave like pattern. The distribution of 20, 50, 100 & 200 ema is very proportional. Breakout Today the stock gives 3 successful breakouts. All breakouts are in the last 3 hours of the market. First breakout of 20ema. Second breakout of Resistance. ...
PEL | Falling wedge + Trendline support - Potential for 20% CMP : 2400 (Dip : 2300) SL : 2200 Target : 2600, 2900 1:3 risk reward setup
Parallel Channel Breakout in Hikal Limited Stock was trading in a channel from past one year. Now we can see this channel has been broken with good volume and candle. Stock has a potential to reach 500+ level in coming days. Ideal stop-loss be at 240. This is just a view, not a recommendation to trade. do your own analysis before taking any trade. Share your...
PDMJEPAPER | Channel breakout - Potential for 25-40% CMP : 45 SL : 40 Target : 58 Almost 1:3 risk reward setup (Based on Fib)
Lodha long (24 Aug) RSI- 50 W pattern prediction Buy at CMP- 1090 SL- 1048 Target- 1186 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
MCX:CRUDEOIL1! is taking support and also falling channel is there and if we draw fibo from DEC 2021. to. 8 march 2022 then we near 0.5% fibo ( 50% retracement ) if we cross channel we can see a good rally in upwards direction
ACC LTD STOCK has broke its trendline and has done with its retracement you can go long in it after it breaks its resistance as given in the chart or risky traders can go long tomorrow also, only after doing your own analysis. ONLY FOR EDUCATIONAL PURPOSE..!