Declining volume indicated that sellers are loosing interest and stock is very close to its 11 years breakout a big rally can come in the stock soon
Price did not have trending movement on Friday. And still price is weak. So what will be the next move? We have two patterns. Pattern : Triangle, channel. Range : Medium. Trend strength : Normal. Buy Above : 22080. Stop Loss : 22040. Targets : 22120, 22160, 22200 and 22240. Sell below : 21980. Stop Loss : 22020. Targets : 21940, 21920 and 21880. Hit the like...
Banknifty has been trading in a rising parallel channel which is a bearish pattern. The support trend line has been tested 4 times and it is testing it again, closing around it. Even the weekly 20 Ema is around the closing of the candle. If there is a break down on the weekly candle after 2-3 days of consolidation or halt, there is a high chances of bearish...
#Nifty spot cash -Positional call 12.05.2024 Stock trading at lower channel support at 21950 levels.. if helds good Looks good above 22165 Stoploss 22050 Target 22260/22440 cmp 22055.20
NSE:RELIANCE Wave 2 retraced 30% of Wave 1 Wave C achieved Equality to A Mostly Wave 2 Bottom in Place. Wave 3 Rally shall commence.
Price is moving inside a channel and now it is in between the upper and lower trend line. 1120 is the trend deciding level. Buy above 1126 with the stop loss of 1120 for the targets 1132, 1140 and 1148. Sell below 1115 with the stop loss of 1121 for the targets 1109, 1102 and 1092. Hit the like button to Rock !! Show some energy !! Note : This is my pre market...
NSE:ULTRACEMCO This Guy Rejected from the Resistance Now Trade in Downtrend Channel and Near Support and FIB 50% Let's see Support Hold or Break Even Break the Support We need Weekly Closing For Downside Plan
United Spirit breaking a parallel channel #weekly basis with good volume strong rsi macd crossover #target 1370 EDUCATIONAL IDEA
Things to Note: 1) Stock is trading inside a parallel channel with good volumes. 2) Can expect a breakout soon, one can take trade once it breaks out of the channel and keep a close above the channel in daily time frame and should break with good volumes Educational Purpose!
SIEMENS parallel channel.wait for breakout.If resistance break then go for buy.If support breaks go for sell
BRITANIA breaking parallel channel #weekly with huge volume good rsi #target can be 6100 after breaking 5400 EDUCATIONAL IDEA
Appears to be Jewellery custom index breaking down from parallel channel
Price is bearish as long as it is inside the channel. And the movement will also be a zig zag move. Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 49040. Stop Loss : 48960. Targets : 49120, 49200, 49280 and 49360. Sell below : 48920. Stop Loss : 49000. Targets : 48840 ,48760, 48700 and 48620. Check the live market updates. Hit the like...
Indusind Bank has been moving in a rising parallel channel from 23 January 24. The difference between the lower trend line of the channel and the upper trend line of the channel is Rs 122 to Rs 130. On April 19 it bounced from the lower trend line. If you feel like taking a chance you can buy and look for an upside of Rs 90 atleast.
Its following a channel.. currently breaking out and might retest in coming days. DAILY RSI is 70 showing strength / Weekly RSI is 66 ( Showing strength) Monthly RSI 49.12 . Ideally I would want it to be above 50 but this is good and should get over 50 by the end of the month.. Price might jump to previous highs
Choose parallel channel . Then connect the end of wave i to the end of wave iii and make a parallel channel connecting to the end of wave ii. Only if the channel is broken on the lower side with resistance , we can conclude that wave iii is over . If the parallel channel gives support it means we have a 1-2-123... in progression . Investors should hold because...
Beautiful channel is ready to trade on shorting with a small affordable stop loss.