after making high of 822 SONACOMS is following parallel channel in short term on daily chart these trend usually don't sustain for much longer, however bears are in total control as of now.
Pole and Flag Breakout happening nest Target Zone 3300 Plus Nest Few Months . Any dip is to be Bought handsomely.
NIIT Ltd Cmp 365 dated 18-8-2022 1. Triangle Pattern Chart 2. BO @ 372 3. Parallel Channel BO @ 370 4. RSI already in BO Buy above 372 for tgt of 385-400-415-425-440 SL 340 It is just a view, pls trade at your own risk.
FLAG, CHANNEL, RESISTANCE LINE AND TREND LINE - BREAKOUT TARGETS MENTIONED NOTE: For Educational Purpose only
Inverse Head and Shoulders #Breakout (trend reversal) Under Parallel Channel at #JUBLFOOD (Jubilant Foodworks Ltd) weekly chart. What Is the Inverse #headandshoulders ? 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...
Multi-year channel breakout in Nava LTD. In weekly chart we can see a clear breakout in Nava ltd. 231 range was the all time High. Recently that level brokered therefore it should turn as immediate support range. Stock has a potential to reach 400 level in coming days. For that it has to sustain above 250 price level in weekly chart. 195 will the SL. This...
GUJARAT GAS CMP 480 dated 12-8-2022 1. Channel BO @ 485 Buy for a tgt of 500-515-535-550-570 SL 450 It is just a view, pls trade at your own risk.
CHANNEL, RESISTANCE LINE AND TREND LINE - BREAKOUT TARGETS MENTIONED NOTE: For Educational Purpose only
CHANNEL, RESISTANCE LINE AND TREND LINE - BREAKOUT TARGETS MENTIONED NOTE: For Educational Purpose only
PVR has been trading in a descending Channel for last few months. Yesterday It has broken the channel. Can give returns of 20-25 % from here (1-2 months) Entry- Around 1400 SL- 1360 Target- T1 - 1460 ( last swing high) Target T2 - 1580 Please Note:- There is a news of theaters being opened in several cities in India . This will also help this Setup to work.
Crude in WXY double zig zag correction. Currently wave C of Y in progress. All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too) Looking at wave 5 of C we can...
DRREADY in channel pattern can go for LONG (BUY) with risk: reward 1:2.5 a small swing trade...
Technical Analysis - 1. Falling channel breakout above DZ turned SZ 2. Going from lower range to higher range of rising channel 3. Sustaining above 20EMA & towards 200 EMA 4. OI data supportive - A Short Covering is to be seen after Long Buildup wipe out last 2 days Short Buildup Go long in ONGC by buying CE - 1. ENTRY / TARGET as per spot chart - 139.2 /...
#DoubleBottom #Breakout (trend reversal) Under Parallel Channel at #MGL (Mahanagar Gas Ltd) weekly chart. What Is a Double Bottom? A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the...
Breakout on Weekly Time frame & Daily Time Frame , Short term target 71.50 , Good to Buy @60 ,Keep Your Stop Loss
#DoubleBottom #Breakout (trend reversal) Under Parallel Channel at #CUB (City Union Bank Ltd) weekly chart. Its #Outperformed #Nifty. What Is a Double Bottom? A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a...
If you observe the NIFTY on 1H TF, it's following a channel from the last couple of days. If this is taken out with the nearest swing we can expect a good momentum. (Proper example of base formation)
MHRIL | Trendline breakout - Looks potential for 15% CMP : 227 SL : 215 Target : 260 Almsot 1:3 risk reward setup