Yesterday after the breakdown Banknifty took support around 37700 range but today that range is broken and reached channel target of 37250 level. Today morning banknifty tested its previous high 38200, unable to sustain in that range, which confirmed double top. Then we can see the sell off, after it came near yesterday low 37700 couldn't sustain. So breakdown...
Market is rejected exactly at yesterday high. Please find the information in chat. Retest is expected. Please note this is my observation only and consult with your financial advisor before taking any trade.
DLF Cmp 377 dated 2-8-2022 1. Upper side of Channel, sign of reversal. 2. RSI Divergence. Sell below 375 for a tgt of 370-365-350 SL 388 It is just a view, pls trade at your own risk.
Channel Breakout in Route Mobile For the upside rally Stock has to Close above 1500-1515 Range with good candle and volume. Pattern Target - 2000 range. For retest 1400-1450 act as support. Ideal SL-1330. Overall Analysis is given in the chart. This is just a view not a recommendation to trade. Do your own analysis before taking any trade. NSE:ROUTE
1. Buy above BO 1195 2. TARGET 1270/1380/1460 3. SL 1080 Analysis: 1. Breakout happened on descending channel 2. Trend reversal started at harmonic PRZ and support level. Now It is in accumulation phase. 3. Next would be uptrend if it breaks the accumulation zone. Disclaimer: This is educational purpose only. Please share your thoughts in the comments...
Bandhan Bank Cmp 277 dated 27-7-2022 1. Inside Candle BO. Buy above 278 for a tgt of 285-295-310-325 SL 260 It is just a view, pls trade at your own risk.
PVR has successfully broken the all-time high price of 2086, with considerable volume. Prior to this, the stock was moving in a channel for almost 2 years. Now, this has been broken along with an all-time high. If the candle next to the breakout manages to close above 2170, we can expect a sharp upside move in the coming days. About its fundamentals, PVR...
Moldtkpac gave a Channel Breakout on 1D timeframe. It is currently retesting its resistance. Enter after bullish confirmation.
XAUUSD - Weekly analysis in Gold. 1680 will major support for Gold. Gold is Trading in downward chanel. We can see pullback in next week from 1680 to 1760. If 1680 Breaks , we can see more down side levels - 1650 , 1600. If we can see pullback after 1680 Support level test, Then only look for buying side... (My Personal views on gold - Educational Purpose...
INDOCO | Channal breakout - Looks potential for 25% CMP : 398 SL : 370 Target : 480 1:3+ risk reward setup P.S : Please read the company name properly its not INDIGO
Tatamotors breakes the channel and retested the channel level and turned. Next stop will be 520
After a drop from 300, the stock has formed a strong support at 180. Current price action display a potential upmove for the stock above 209 levels. For postional target of 220, 230 and 240 in the short to medium term. Have a stop loss at 5-8% if the trade doesn't go as per plan. Note: Not a buy/sell recommendation. Please consult your financial advisor.
#Downward #TrendLine #Breakout (trend reversal) Under #Parallel #Channel at #Naukri weekly chart. In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. The channel can slant upward,...
Price action only to watch. Having buy bias as seen in chart Aggressive entry CMP till moving average. SL - candle close below trend line. (entry 850, SL 840) Conservative entry near next channel bottom and demand zone. SL - below zone. (entry 825, SL 815) In both cases, SL is 10 points. Target 30 points. ---- No trade in case of huge gaps.
please refer to the chart. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
it's just for education not financial advice thank. this is parallel channel pattern with RSI we can see clearly
as par my knowledge very good breakout with good volume very good momentum After result is so good keep in radar if show strength with volume wait for monday if break friday high candle entry and stoploss friday down site happy investing and always money making
Parallel channel in Granules. Due to high disparity after runup has made the stock to cool down. After recent correction there is still room for disparity to consolidate further. This may be good oppurtunity for long term investors to enter