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Parallel Channel

MY first choice IDFC FIRST BANK IDFC FIRST BANK have previous records and pattern and that repeat again Technical points 1 - down rising channel 2- Strong support on bottom 3 - hold the top of fab. point 4 previous bull run was came when is go down in channel pattern First channel performance Date 31-jan-2022 to 6-dec-2022 first reached on top of 50 and came down 28 in the channel when given reversal to 62 second channel performance 6-dec-2022 to 5-sep-2023 on the top of 62 he came down and reached 52 and than get reversal and make top of 100 third 6-sep-2023 to 27-november today now its reached at same price of 62 and create bottom now we looking for a fresh reversal and channel breakout First TRG - 86 Second TRG -98 & 102 Third TRG 120 and above 140 SL 48 only for the long term time duration minimum 1 year
NSE:IDFCFIRSTBLong
by Share-Mechanic
Dixon Tech either buy or wait to buy?? Dixon is trading in a parallel channel for a while and now it is holding on to the higher levels. The company is a EMS (Electronic Manufacturing Services) and provides them to the listed companies. On the monthly charts, the stock has been travelling and given 150% returns in the current year. Much of the movement is given this year and still the targets of 20k is being recommended by some rating services company. As for now the stock is holding on to the higher levels and creating a Flag and pole pattern. 400 points range the stock is consolidating and the bullish flag break out can take the stock to the higher levels. A low volume accumulation in happening in the stock and the target levels of around 17800 can be seen in the coming weeks. Targets :- 16700, 17700 Wait for the price action around the break out level and enter as per the setup.
NSE:DIXON
by TheMamboMomentum
1
National Aluminum looks strong. Add to your WLNationalaluminium- add to your Watch List. ✅Good pattern- Forming VCP, inverse H&S ✅Stock in an uptrend. ✅Resisted the overall market fall ✅Never fell below 50-200 DMAs while many stocks were trading well below that in this correction. ✅Volumes are picking up now. ✅3 White soldiers on DTF. This is a good positional long-term bet. Accumulate or pyramid in this. This is just my view. This is not a buy/sell recommendation. Please trade as per your risk appetite and discretion.
NSE:NATIONALUMLong
by sagartharayil
Fortis forming good pattern. Watch for long opportunities. Good pattern. ✅Stock is trading inside a channel ✅Stock is in an uptrend. ✅Picking good volumes on the way up. ✅Trading above key DMAs. ✅Group movement in the pharma healthcare sector. CMP: 683. One can accumulate from CMP or watch for a breakout of the channel. Understand the risk involved. The market moving up today very well could be a trap, to lure the retail investors. This view is just for educational purposes and please do your due diligence before investing. #tradingmarket #niftytoday #healthcare
NSE:FORTISLong
by sagartharayil
RELIGARENSE:RELIGARE 💰 *BUY RELIGARE @ 249 - 250* 💰 🔐 *SL 238* 🔐 🎯 *Target 260 271 282 293+* 🎯 PARALLEL CHANNEL BREAKOUT: A parallel channel breakout is a technical analysis pattern where an asset's price moves beyond the bounds of a parallel trendline. In simpler terms, imagine two parallel lines that contain the price movements—one acting as a ceiling (resistance) and the other as a floor (support). When the price breaks through these lines, it's a sign that the trend might continue in that direction. Here's a quick overview: Formation: The channel is formed by drawing parallel lines through the highs and lows of price movements. Types: There are two types: ascending channels (bullish) and descending channels (bearish). Breakout Signal: A breakout above the upper resistance line in an ascending channel or below the lower support line in a descending channel can indicate a strong trend continuation. Trading Strategy: Traders often use this pattern to identify potential entry and exit points, as it can signal a significant shift in market sentiment. Disclaimer : I am not a SEBI registered analyst. The charts and levels are posted for educational purposes only and are not recommendations. Please consult your financial advisor before trading or investing. I am not responsible for any gains or losses you may incur. Happy trading! 📊🚀
NSE:RELIGARELong
by vkj123
ICICI Bank. Short Swing Below 1200. Targeting 1060.ICICI Bank looks weak on Charts after having Given a Great Run. Reasons to consider Shorting below 1200 Technicals : 1. Rejection from fresh Weekly Supply Zone established around 1280. 2. Double Top in formation, to complete upon breakdown of 1200 3. Bullish Channel Breakdown 4. Bigger Parallel Channel Resistance Hit at ATH 5. Rsi Bearish Divergence on Daily Timeframe. 6. Breakdown of 50 and 100 DEMA Options Data : Put Writers around 1250 1200 will unwind, triggering sharp down move. TP1 : 1170 ( 200DEMA, Minor Demand Zone territory, 1.0 of Trend based extension) TP2 : 1100 ( Major Demand Zone Territory, Nearing Lower Band of Parallel Channel) TP3 : 1060 ( Point of Max Pain, Bulls will try to defend this level at any cost, upon failure to defend the 1000 1060 zone, would result in testing of 800) SL: Weekly Closing above 1260.
NSE:ICICIBANKShort
by DrAnandM
CDSL 3.0 & price trading inside a sideways parallel channel Firstly wanna apologise to all as I wasn’t able to give update as I was given a strike or violation ticket stating that I cannot update day to day under “update ideas” tab but have to post a single idea but wanna ask you all how does a single day chart states the stock movement for upside or downside and if my updates are hurting you all pls accept my apologies. Analysis:- So let’s get back on to analysis part as on 29/10/2024 price at crucial level and at mid point of channel so once price breaks it we got a immediate support at 1436 so flat opens goes down 1447.50/1447 below 1436.70=1st tgt then 1425.50 next tgt level, if goes down further trail, If price flat opens falls a little till 1436 takes support goes up then upon 1455.80 crossing and 15min candle closing above it we will see a upmove till 1463-1470/1471.20=1st tgt then 1480-1500 tgt level can be seen, If gap up or gap down opens then wait for 30mins mark high & low then upon candle closing basis trade on side price goes. Note: This analysis is for only 30/10/2024 and there’s a possibility of price not meeting our levels or going against our observation and analysis as market is supreme and this is just a observation which I tried to post to give you a idea about price movement at current level
NSE:CDSL
by msubhashish14
HDFC Bank Ltd - Base consolidation setup on a weekly timeframe Amidst the broader market volatility, HDFC Bank among the large cap has formed a flat base consolidation with price nearing breakout zone on a weekly timeframe. Ideal to keep a close watch on this stock. The stock price is trading above the 30 weekly moving average. An up-move could be seen if it breaks out above 1800. Stop loss at 5-8% is ideal. Target: Initial target 20-25% for positional trade. Post that, trailing stop loss at higher level. Note: Not a buy/sell recommendation. Please consult your advisor.
NSE:HDFCBANKLong
by TheUnlearningOne
Took Support on Accumulation Zone.NSE:VIJAYA broke out in the Resistance zone at 880 Which is now acting as a support Zone and now acting as an accumulation zone as it got accumulated and bounced back from that place only, making new ATH. Keep in Radar. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:VIJAYALong
by Karanshah137