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Parallel Channel

Suzlon.. currently in Falling Wedge. Looking at this chart of Suzlon Energy Ltd. on NSE, here are some key observations: 1. **Falling Wedge Pattern**: - The recent price action shows a falling wedge, a pattern characterized by converging trendlines sloping downwards. This often suggests a potential bullish reversal if the price breaks out above the upper trendline. 2. **Uptrend Channel**: - The price is still within a broader upward trend channel, indicating the overall bullish trend is intact despite the recent correction. The current price is approaching the lower boundary of this channel, which could act as a support zone. 3. **Volume Analysis**: - Volume seems to have decreased during the recent downtrend. A breakout from the falling wedge with increasing volume could further confirm bullish momentum. 4. **Relative Strength Index (RSI)**: - The RSI is showing a bullish divergence; while the price is making lower lows, the RSI is making higher lows. This divergence is often a precursor to a potential price reversal. 5. **Support Levels**: - The price is near the lower trendline of both the falling wedge and the broader upward channel, around the INR 62–65 range, which could serve as a strong support zone. 6. **Potential Trade Setup**: - A breakout above the wedge with strong volume could provide a good entry point for a bullish trade. Alternatively, if it fails to break out, monitoring the lower boundary of the channel as support would be essential. In summary, the chart shows signs of a potential reversal if it breaks out of the falling wedge. Watching for a breakout with volume confirmation and monitoring the RSI divergence will be crucial for validating the bullish case.
NSE:SUZLONLong
by brijmohan_h
BNBUSDT Poised for a Bearish Move? Critical Levels Ahead!Yello Paradisers! Are we witnessing the beginning of a bearish turn for BNBUSDT? The probability is definitely increasing, and here’s what you need to watch. 💎BNBUSDT has already taken liquidity and shown a Change of Character (CHoCH), signaling a shift toward a bearish market structure. If the price moves upward from here and displays an Internal Change of Character (I-CHoCH) from the resistance zone, it will significantly boost the chances of a further bearish trend. 💎However, if the price breaks down and closes a candle above the resistance zone, this would invalidate our bearish scenario entirely, requiring us to reconsider our strategy. 🎖 Paradisers, as always, discipline is key. Waiting for confirmation before acting ensures you stay on the right side of the trade. Stay focused, stay patient, and play it smart! MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Nathan
Inox Wind - Blockbuster Results - Buy Above 215Inox Turnaround began with excellent results posted by the co in 2nd quarter Now this is the 2nd top company in wind energy sector. Current Price : 202 Buy above : 215 and up to 190 if it falls. Stop loss : 186 Target : 260/360/420/850 Results : Blockbuster Q2FY25 🔥🔥 INOX WIND: Q2 CONS NET PROFIT 929M RUPEES LOSS 241M (YOY); 518M (QOQ) || Q2 REVENUE 7.3B RUPEES VS 3.7B (YOY) INOX WIND: Q2 EBITDA 1.7B RUPEES VS 483M (YOY) || Q2 EBITDA MARGIN 23.62% VS 13.04% (YOY)
NSE:INOXWINDLong
by jain_geetesh
Bank Nifty in Ascending Channel Chart Pattern You guys obviously know how to trade parallel lines !? either side wait and then retracement and BOOM ! a winning trade.. Channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades focus on buying near the bottom of the channel and exiting near the top. Be wary of shorting since the trend is up Keep boosting/liking this post whenever the support or resistance is touched, I challenge you !
NSE:BANKNIFTY
by piyushbafna000
ASTRAL NSE DTF SWINGASTRAL SWING Analysis TRADE PLAN ENTRY : 1890 50%Qty. ADD 50% Abofe 2050 DTF Close SL : 1860 TGT- 2000 Time frame @1 to 3months ASTRAL on DTF had a RESISTANCE trendline on breaking this and Retest make entry. Price is trading below the 20EMA and the the sequence of 200 to 20EMA is inverted indicating a bearish Trend is prevalent. The stock currently trading is at the base of proable Wyckoff accumulation Phase. A bearish Orderblock is seen at 2050 levels. Add 50% when price BO and closes above this level. 3rd Quarter results this weekend wait for declared and then entry on breakouts. Standard disclaimer apply.
NSE:ASTRALLong
by billpramod
1
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline. Key Characteristics of the Pattern: * U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend. * Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation. * Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest. Trading Strategy: Buy Signal: * A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern. * Increased trading volume during the breakout would strengthen the bullish signal. Stop-Loss: * Place a stop-loss below the recent swing low or the neckline support level. Take-Profit: * Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern. Important Considerations: * Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade. * Risk Management: Always use stop-loss orders to protect your capital. * Market Sentiment: Consider the overall market sentiment and economic conditions. * Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:ABCAPITAL
by Stock_market_signals
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline. Key Characteristics of the Pattern: * U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend. * Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation. * Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest. Trading Strategy: Buy Signal: * A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern. * Increased trading volume during the breakout would strengthen the bullish signal. Stop-Loss: * Place a stop-loss below the recent swing low or the neckline support level. Take-Profit: * Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern. Important Considerations: * Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade. * Risk Management: Always use stop-loss orders to protect your capital. * Market Sentiment: Consider the overall market sentiment and economic conditions. * Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:ABCAPITAL
by Stock_market_signals
Bangkok Bank, Next Target is the Channel TOP, Gain +78% PROFITBangkok Bank has been Trading within a Channel Pattern for the past 24 years. A Rising Wedge Pattern formed within the Channel, and last year, it Breakout of the Wedge Pattern and Reached its Target. The market is now continuing its Uptrend, with the NEXT TARGET being the Top of the Channel Pattern, around 280 THB, although this may vary depending on the timing. Take advantage of this Great Opportunity to Earn a Potential Profit of +78% ROI. As this is a Long-Term Analysis, it's important to follow Trend continuation techniques. I want to help People to Make Profit all over the "World".
SET:BBLLong
by SasikumarMani
Midcap nifty good rising pattern till 14000Midcap nifty select is trading in good rising channel. Recently took strong support at 12600 levels. Ones it breaks and close above 13k it can rise another 1000 point easily. Keep in radar for positional view till Nov Dec 2024. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:NIFTY_MID_SELECTLong
by ashishhc