Stock is moving in an upward channel. Now trading at the upper range of the channel. It is forming a bearish pattern on the daily chart. But taking a fresh short position here can be risky based on only this analysis. But you should be careful if you have long positions.
Ntpc Channel Breakout Bullish in daily and weekly
NSE:TORNTPHARM All Time High Breakout W Pattern Breakout Price moving up in Rising Channel Targets : 1890 - 2030 - 2250 Upside : 35% SL : 1550 Time Frame : 3-6 Months RSI in Bullish Zone & Weekly EMAs acting as Support
Hello All, Hope all are doing good. We are seeing range bound market from Muhurat trading between levels 41100 and 41500. Market broke below this range 28th October but support has been taken at level 40800 and again came to same range. Market has broken above this range today but resistance at level 41600 dragged to the same range again. It’s perfect support...
NTPC has given channel breakout with good volume.we can keep sl below todays low .also targets are mentioned in the chart itself.
Price is trending within an upward channel. Bullish if it sustains 18000 - 18020 with stop 17990 for the targets 18060, 18120, 18160 and 18200. Bearish below 17960 with the stop 17990 for the targets 17920, 17880 and 17820. Note : Develop flexibility and adapt market movement to be a profitable trader.
Levels between 1496 and 1547 are to be observed. Upward momentum can be seen once 1547 is crossed, with resistance around 1650-1660 levels. Upward of 1660 could see strong momentum till 1750 levels in the short to medium term. Support levels around 1460 and 1400 levels. Do plan your trade with strict stop loss as per your risk management strategy. Note: Not a...
After a year long consolidation, we can see a formation of a cup and handle pattern and an ideal buying zone for this stock. Initial target: 3330. Stop loss: 5-8% Note: Personal analysis. Not a buy/sell recommendation. Do consult your investment advisor.
Nifty is steadily moving upside with vix also dropping near 15.5 which shows that there is high optimism and stability in market. Now for this week we have lot of events such as FED meet and surprise RBI press conference. So if there is any unfavored announcement in both of these events then vix would shoot upside to 17-18 range. And that would be the indication...
In one hr chart price is taking support at the trendline. Sustaining 17820 - 17850 will make the price to move towards 17940, 18010, 18080, 18140 and 18200. Bearish below 17780 for the targets 17720, 17660, 17600, 17540 and 17480. Daily chart shows price is at the support of upper trendline of the upward channel which is a bullish sign. Develop flexibilty and...
Nykaa has been falling in the parallel channel since making ATH 2560 I don't expect this selling to stop in near time. this is just a bounce from the mean.
You just watching EURUSD Down Channels Breakout or Breakdown ? has been trading in Descending channel for the last few months.
Trading inside PARALLEL CHANNEL with series of HH-HL. Support Zones - 17724 / 17655_17637. Resistance Zones - 17913_17920 / 17964_17992 / 18067_18115. SL should be 17636 on Hourly Closing Basis (HCB). Trend Reversal Zone - HCB below 17636.
5 Years #Multiyear #Breakout at #MARUTI ( Maruti Suzuki India Ltd) Weekly Chart. Its #Outperformed #Nifty. BSE: 532500 \ NSE : MARUTI 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...
NSE:NHPC has an interesting formation in the monthly chart, a perfect rounding bottom / saucer formation. It can be flying saucer as well :) Some features noticed in monthly chart: A 12 years long Saucer formation breakout. ATH attained. There is a clear ascending triangle, basically a nice uptrend channel (shows as cyan colored channel in the chart). ...
SRTRANSFIN | Channel + 200 EMA support - Looks potential for 60% CMP : 1275 (Dip : 1150) SL : 950 Target : 1900 1:4 risk reward setup
NSE:CIPLA CIPLA - CMP in Blue Sky Zone and near Life time high Rising in Parallel Channel since 24 month 13 month consolidation in tight range & then resumption of uptrend. Targets: 1320 - 1458 - 1683 Upside : 45% SL : 990 Time Frame : 6 - 18 Month CMP above all major monthly Exponential Moving Averages RSI in Bullish Zone
4.7 Years #Multiyear #Breakout at #IIFL (IIFL Finance Ltd) Weekly Chart. Its #Outperformed #Nifty. 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...