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Parallel Channel

Relative Strength or weakness in Auto sectorLet's see if this makes lower high but this sector does not look the strongest for sure Stocks in this index: NSE:MARUTI,NSE:M&M,NSE:TATAMOTORS,NSE:BAJAJ-AUTO,NSE:EICHERMOT,NSE:TVSMOTOR,NSE:MOTHERSON,NSE:BOSCHLTD,NSE:HEROMOTOCO,NSE:ASHOKLEY,NSE:BHARATFORG,NSE:TIINDIA,NSE:MRF,NSE:BALKRISIND,NSE:EXIDEIND Will have to check Ancillaries separately as there are many stocks which are coming in scans from Ancillaries space. We are also facing rare magnets issue in the short term. This is how you can use ratio charts to gain an extra edge. Source: x.com DISCLAIMER: NOT A SEBI REGISTERED ANALYST. NO RECOMMENDATION TO BUY AND SELL
NSE:CNXAUTO
by mohit_sidana
Gold Uptrend Continues June 6, 2025As yesterday Gold made high of 3403, I was expecting to cross upto 3430 but it dropped sharply. News was strong and as it made cautious to investors and safe heaven asset declines moved back to riskers market to 3340. Now today you can check a pattern and gold is moving in that support and resistance, expecting it to move upward. Currently the situation is unexpected as gold may come down to 3340 and then move upward or directly upward from 3358. Our target is 3375-3389-3400. Key point. Resistance - 3360, 3375, 3389, 3400 Support - 3340, 3354 Any Query Reach Us or comment down Rudra Vasaikar Wishes You A Great And Very Amazing Trading Life. Trade Safe, Trade Right. RISK WARNING 🔴 🔴 🔴 There is high risk of loss in Trading Forex, Crypto, Indices, CFDs, Features and Stocks. Choose your trade wisely and confidently, please see if such trading is appropriate for you or not. Past performance is not indicative of future results. Highly recommended - Information provided by Pro Trading Point are for Educational purpose only. Do your investment according to your own risk. Any type of loss is not our responsibility. HAPPY TRADING. #gold #xauusd #xauusdtrading #goldtrading #goldanalysis #forextrading #forex #trendline #goldsignals #goldnews goldlatestanalysis #xauusdtradesetup #forextradingguide #fxgold
TVC:GOLDLong
by rudravasaikarrr
2
Patanjali Foods Ltd (NSE: PATANJALI) technical chart breakdown.Patanjali Chart Structure & Price Action The stock has been trading within a descending channel, bounded by the blue trendlines. It recently bounced from a major demand zone (~₹1,698) marked by the green support line that has absorbed liquidity multiple times ("Taken multiple liquidity"). Price is now slowly recovering from this base. Current Scenario CMP: ₹1,747 Immediate Resistance: ₹1,783 (horizontal level) ₹1,818–₹1,835 zone (upper boundary of the falling channel) Break and sustain above ₹1,783–₹1,835 could trigger a trend reversal. Upside Targets Target 1: ₹1,830/Target 2: ₹1,904 Previous structural high Target 3: ₹2,011 Recent swing high Total upside from breakout: ~8.76% Support Levels ₹1,698 – Critical demand zone (green) ₹1,650 – Next strong support ₹1,570 – Long-term support base (green zone) Simple Explanation Patanjali Foods rebounded from a high-liquidity support area and is now showing signs of bullish recovery. A breakout above ₹1,783 could take it back to the ₹1,900–₹2,000 range. Risk is well-defined below ₹1,698. Watch for volume and price action confirmation near the upper channel. Like, comment your thoughts, and share this post Explore more stock ideas on the right hand side your feedback means a lot to me! Disclaimer: This post is for educational purposes only and should not be considered a buy/sell recommendation.
NSE:PATANJALILong
by iVishalPal
ICICI Bank Powers to Lifetime High Within a Strong Bullish ChannTopic Statement: ICICI Bank is on a robust bull run, steadily advancing within a strong uptrending channel. Key Points: * The stock is moving upwards in a strong bullish uptrending channel, making channel-based trading highly effective * It is currently trading at its lifetime high, reflecting continued strength and investor optimism * The price has highly overextended above the 200-day EMA, indicating the stock is highly overbought and may be poised for a cooling-off phase
NSE:ICICIBANK
by yogeshwar
SURAJEST : Short Term Trade (1-3 Months)#SURAJEST #parallelchannelbreakout #breakoutstock #trendingStock #Momentumstock SURAJEST : Short Term (1-3 Months) >> Parallel Channel Breakout >> Breakout Candidate >> Trending Stock in Momentum >> Good Strength in Stock >> Recent Volume Buildup >> Good Upside Potential Swing Traders can lock profit at 10% and keep trailing Disc : Stock charts shared are for Learning purpose and not a Trade recommendation. Pls consult a SEBI Registered Advisor before taking position in it.
NSE:SURAJESTLong
by moneyfesttrading
MANBA : Momentum stock (swing pick)#MANBA #breakoutstock #vcppattern #parallelchannelbreakout #momentumstock MANBA : Swing Trade >> Parallel Channel Breakout >> VCP pattern formation >> Trending Stock >> Breakout Candidate >> Good Strength & Volumes Dried up Swing Traders can lock profit at 10% & keep trailing. Disclaimer : Stock Charts shared are for Learning Purpose and not a Trade recommendation. Consult a SEBI Registered Advisor before taking position in it. Even Technical Analysis is not 100%, so I reserve the Right to be wrong.
NSE:MANBALong
by moneyfesttrading
: Plastiblends India Ltd (PLASTIBLEN)- Descending Channel Patter🚀 Breakout Watch: Plastiblends India Ltd (PLASTIBLEN) 📍 CMP: ₹211.75 📊 Volume: 80.3K 📅 29 May 2025 Plastiblends has just triggered one of the cleanest Descending Channel breakouts seen lately — and it comes with heavy volume, structure integrity, and visible accumulation signs. This is a high-quality price action setup worth tracking closely. 🔹 1. Pattern Structure – Descending Channel (9 Months) Price has been trapped in a downward-sloping channel for nearly 9 months, respecting a consistent pattern of lower highs and lower lows. But here’s the key: since early April, price has been forming higher lows, grinding toward the upper trendline resistance. Today, the stock closed above the channel, clearing the red resistance trendline decisively. This marks the end of a long consolidation cycle and could be the beginning of a trend reversal breakout. 🔹 2. Volume Behavior – The Tell Before the Move Volume has quietly been building over the past 3 weeks — signaling silent accumulation. Today's breakout came on 80.3K volume, significantly above the average of the past few months. What makes this special is that volume surged before price, a classic sign of smart money entering before confirmation. 🔹 3. Breakout Candle – Strength & Intent Today’s candle is powerful — wide-range, full-body, with minimal upper wick, closing +9.09% higher. This kind of momentum off a multi-month pattern rarely goes unnoticed. The breakout was clean, no wicky rejections, no fakeouts. This isn’t just a breakout — this is a price declaration. 🔹 4. Trade Setup – Structure-Based Plan 📌 Entry: ₹210.5–₹214 (post breakout) 🛑 Stop-loss: ₹193 (below recent base) 🎯 Target Zone: ₹240 (swing), ₹265+ (measured move) Measured move: Channel height ≈ ₹265 – ₹170 = ₹95 Breakout from ₹210 + ₹95 = ₹305 (longer-term potential) Risk:Reward → Risk = ₹17, Reward = ₹54+, So you’re looking at an R:R of ~1:3+
NSE:PLASTIBLENLong
by Mr_Chartist_
ITC Approaches Key Support Within Mild UptrendTopic Statement: ITC is trading in a range with a slight bullish tilt, presenting structured opportunities within a defined channel. Key Points: * The stock is moving within a slightly bullish up-trending channel, making it suitable for channel-based trading * A head and shoulders candlestick pattern is emerging, which may signal potential short-term weakness * The price is nearing the 180-day EMA, making levels near or below it attractive for long-term buying opportunities
NSE:ITC
by yogeshwar
N R Agarwal Industries Ltd (NRAIL)- Cup and handle & Descending🚨 Breakout Watch: N R Agarwal Industries Ltd (NRAIL) 📍 CMP: ₹278.05  📊 Volume: 9.2K  📅 27 May 2025 NRAIL is at a critical technical juncture with two bullish patterns aligning at the same level — a textbook Cup & Handle breakout forming at the top of a 1-year Descending Channel. This is a rare dual-pattern setup, showing both reversal and trend transition. 🔹 1. Pattern Structure Over the past 12 months, the stock trended inside a Descending Channel with clean respect to both trendlines — lower highs and lower lows played out until Feb 2025. Then came a shift… From March onward, price started rounding off into a Cup base, forming a strong foundation around ₹210–₹220. In April-May, the price entered a healthy pullback, creating a Handle — with higher lows and tight ranges. Now, the price is sitting right at the neckline of the Cup (~₹280), which is also the resistance of the descending channel. This is a high-probability breakout zone. 🔹 2. Volume Analysis The volume behavior has been constructive. During the Cup base, volume stayed muted — a sign of seller exhaustion. During the Handle, we saw tight candles with low volume dips — typical of institutional absorption. Now, volume is picking up. Today’s breakout candle printed 9.2K shares, which is higher than average for this stock and confirms interest building at resistance. 🔹 3. Breakout Candle & Price Behavior The breakout candle today gained +2.44%. It's not a perfect marubozu, but it has a solid real body and closed strong near the highs. The last 5 sessions show clear momentum build-up — and no signs of a bull trap or false breakout yet. Structure is clean and controlled. Watch for a strong close above ₹285–₹290 to confirm the breakout. 🔹 4. Trade Plan (Based on Structure) Entry: ₹282–₹290 (Breakout confirmation zone) Stop-loss: ₹258 (Just below the handle base) Target 1: ₹340 (Cup height measured move) Target 2: ₹360–₹390 (Channel breakout potential) Measured move logic: Cup depth is ₹70 → ₹280 + ₹70 = ₹350 Descending Channel range is nearly ₹180 → Target opens up towards ₹460 long-term. This gives a Risk:Reward of ~1:2.5 to 1:3+, which is very attractive. 🔹 5. Why This Matters This is more than just a breakout. This is a full structure shift — going from a year-long downtrend to a potential new trend. When a Cup & Handle breakout aligns with a channel breakout, momentum can be explosive. #Trading #Investing #Stocks #TechnicalAnalysis
NSE:NRAILLong
by Mr_Chartist_
HDFC Bank Surges to Lifetime High Within a Defined Bullish ChannTopic Statement: HDFC Bank is on a strong bull run, steadily climbing within a well-defined uptrending channel. Key Points: * The stock is trading within a bullish uptrending channel, offering clear opportunities for channel-based trading * It is currently at its lifetime high, reflecting strong investor confidence and momentum * The price has significantly overextended above the 200-day EMA, indicating the stock is highly overbought and may be due for consolidation or a pullback
NSE:HDFCBANKLong
by yogeshwar
1
HDFC LIFE: NOT A LONG, A FAKE BREAK OUT???1. NSE:HDFCLIFE broke the previous ATH at 780 and weekly candle closed above it 2. Retails are excited to look at this and might buy in bulk on Monday. 3. There is a perfectly fitting channel and the channel top near 810. 4. Wait for the price action near the channel. 5. Possibility of a fake break down from the channel top and a great opportunity to short if close below 770 after touching the channel top. 6.So, wait and watch and enjoy the show!!
NSE:HDFCLIFE
by trader_ghosh
UNIONBANK – Positional Breakout SetupPattern: Double Bottom | W Pattern Inside Channel Trend: HH-HL Structure | Trading Inside Ascending Channel Volume: Noticeable Build-Up DMAs: Trading Above Key DMAs Stage: Aiming for Stage 2 Breakout The stock is forming a double bottom (W pattern) inside a well-respected ascending channel, with a clean higher high–higher low structure and visible volume build-up. It's now trading above key DMAs, hinting at underlying strength. With price approaching a key breakout zone, it looks primed for a potential Stage 2 continuation. 🔔 Trade Plan Entry: ₹143.38+ (on breakout and daily close above) Stop Loss: ₹121.74 (closing basis ) Target 1: ₹151.72 Target 2: ₹172.83 Risk–Reward Insight 🎯 Risk from entry to SL is ₹21.64. Reward to Target 1 is ₹8.34 (~1:0.38) Reward to Target 2 is ₹29.45 (~1:1.36) While T1 gives a conservative move, the bigger play lies in T2 — the upper edge of a 1-year trading range. This is where smart money tends to scale in. 💡You don’t have to go full throttle on day one. ✅ Consider buying a test quantity above ₹143.38 to assess breakout strength. If the move confirms with strong follow-through and volume, you can look to add on dips or above T1 with a tighter trailing SL. This approach helps you ride trends without overexposing yourself early. The key is to stay mechanical and let the setup prove itself. ⚠️ Risk Management is Non-Negotiable Never ignore your stop loss. Don't chase. Stick to your plan and size positions according to your risk appetite. This setup looks technically clean — but remember: even the best setups fail without confirmation. Let price and volume lead the way. 📌 Disclaimer: This is not investment advice. I am not a SEBI-registered advisor. All content is for educational purposes only. Please do your own analysis and always trade responsibly.
NSE:UNIONBANKLong
by sagartharayil
4
Is BTCUSD still in WXY correction phase ?BTCUSD continues to be correcting till 48K-62K band, this is weekly chart so it will take time. Current up-move seems to be X wave as indicated., Why 51-62K is the band where correction will end ? a. Technical divergence gets resolved here b. 1.618 Fib relation of assumed corrective Wave-W falls in this band Can the current rising segment impulsive ? No because current rising segment is pretty corrective supporting high probability of next wave-Y Will the correction stop at Wave-Y ? May not be as one more leg up (Wave-X) and one more Leg down (Wave-Z) can be formed
BITSTAMP:BTCUSDShort
by jsgadgil
BEL – Sector Strength + Double Bottom + Volume Thrust 📈 BEL – Sector Strength + Double Bottom + Volume Thrust = A Setup Worth Tracking The India Defence Index just broke into new all-time highs, possibly driven by rising geopolitical tensions — but beyond the headlines, the sector remains structurally strong. BEL (Bharat Electronics Ltd) is showing powerful confluence: A double bottom breakout Sectoral support Rising volumes Key moving averages reclaimed All of this sets up a technically sound positional opportunity. 🧠 Technical Highlights ✅ Stock trading above key DMAs ✅ Volume picking up — watch for 4x–5x surge to confirm strength ✅ ATH at ₹339.90 may act as resistance; clean breakout above it = add/fresh entry ✅ Defence sector index at ATH – macro tailwind active 🧮 Setup Overview Entry Zone ₹32.7 Stop Loss (SL) ₹287.65 ATH Resistance ₹339.90 Target (Positional) ₹399.10 SL % -10.09% Target % +24.72% Risk : Reward 1 : 2.45 🧭 Suggested Strategy 🔄 Add 30–40% at breakout 🧘 Wait for pullback or retest to add more 🚫 Avoid chasing — shakeouts are very likely 🧠 Gradual accumulation + disciplined risk management > FOMO 📊 Volumes should confirm — clean candle with strong demand = green signal ⚠️ Final Note: We are not entirely out of danger — markets can throw brutal pullbacks and false breakouts. Defensive positioning, proper sizing, and exit planning are essential. 📉 Disclaimer: This is not a buy/sell recommendation. For educational purposes only. Do your own research and manage risk as per your trading style.
NSE:BELLong
by sagartharayil