You might be now aware of the downtrend channel of NIFTY 50 (Blue). It bounced from the lower end of the channel last week and now trading near the supply zone of older channel (Green). It may consolidate in this channel for a while but chances are that it can break this channel to get into bearish territory.
Indian IT Sector is very close to the breakout area. This breakout from the falling bear channel is also supported by RSI as we can see the Higher Highs and Higher Lows formation. Look for an entry in fundamentally strong leaders of this sector. !!! This is not an investment advice and do your own due diligence before investing/trading on any script !!! !!!...
BANK NIFTY has been down-trending and currently trading in the middle of the channel (blue). The price rejection seen from support turned resistance (red). We could see Bank nifty is currently in bearish territory.
HDFCLIFE | Such a pleasant setup (Trendline + Channel + Flag) CMP : 605 SL : 580 Target : 660, 675 Almost 1:3 risk reward setup for first target
I absolutely loved this stock as right now its the perfect time to enter the stock. It will form cup and handle pattern eventually. Right now the RR ratio for the stock is highly favorable for a medium term swing trade. And if we are patient enough and if the stock gives a BO of that cup and handle then we will enjoy a lot of profits Disc applies.
Coming out of a 28 week consolidation, where it also formed the inverted head and shoulder pattern, the stock broke its 4 year high on the week ending 30 May. Subsequently, in the following weeks it retraced back to its breakout level before bouncing back to settle at 1072 this Friday. The stock is above the key weekly EMAs of 10, 20 and 30, in uptrend and a...
4 Years #Multiyear #Breakout in #tvsmotor (TVS Motor Company Ltd) . #tvsmotor is #Outperformed #Nifty in current scenario. Note - 4 Years 6 Months Horizontal Line Breakout is done on weekly chart but price moves in #upward #parallel #channel, So wait for breakout(price close above parallel channel on weekly chart) from parallel channel also. ONLY FOR...
The stock is forming a beautiful Channel on a Daily TF. I see a approx 1:4 RR in this stock upon breakout. Also on Daily TF if the RSI is near 60 during BO then it would be a positive sign for the entry. MACD already gave a positive sign. This stock is a must in the watch list as on a weekly TF also it is resting on a crucial level of Cup formation . And we all...
Good structure on a daily chart pattern and price near the breakout pivot price of 4488. Can see price range between 4488 and 4178 before any significant move upward. Would prefer to keep SL at 4178 which can also act as a good support zone. Target of 5200 on a short/medium term. Always define your SL. Not a buy/sell recommendation.
TVC:GOLD It is Swing trade . The gold has come its daily support. There are 2 targets target 1 is till $1915 and target 2 is till which is final target $1965. Once it breaks out this box there will be great upside movement. This is educational purpose.
MARICO | Reversal inside channel - Looks potential for 12% CMP : 496 SL : 475 Target : 550 Almost 1:4 risk reward setup
As we all know "TREND IS OUR FRIEND" GBP/USD is in down trend in Daily and 4 Hour Time Frame. And the price is getting rejection on FIB 61.8% Level. In 1 hour it has made bearish Flag pattern and also in 15 min Time Frame it is trading in parallel Channel Pattern. So Will look for breakout of this channel and then We'll go short on GBP/USD. And Targets will...
DEEPAKNTR has been into parallel channel after making top two horizontal levels may be imp
Panacea Biotech Limited is touching monthly channel bottom. Ideal holding period - 1-2.5 years Projected gains = 200% - 225% Stoploss on closing for 2 months below the channel. ** Material only for reference. Assess your risk before entering any positions.
it has been in parallel channel since beginning, recent distribution has formed "M" pattern on higher time frame. 280 on monthly closing is a critical level. if this is broken then expect blood bath.
NSE:SUNTV #NSE:SUNTV trading @ resistance, chances to retest resistance, fall, successfull TL BO only can show momentum upside. Happy LEarning !!
---------- Timeframe: Monthly---------- After making an all-time high(ATH) in 1838 , prices have started collapsing to correct the previous move. The fair value area has given two resistance on the upper band, and four supports on the lower band of the channel. Excess is showing that sellers are very aggressive with their inconvenience levels. Key Level...