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...
Targets : 14175/13619/13190/12468 SL: 16826 (closing) Technical Reason : Breakdown from Long Parallel Channel. Fundamental Reason : Russia-Ukraine prolonged war , Russia Economy stable by support of India as a customer, Rubble strengthening -- Dollar Weakness , US-China tussle over Taiwan likely to emerge , Energy price unlikely to come down as long as there...
T- 435/450 SL: 380 Reason : Parallel channel breakout likely Holding period : Less than 15 days.
T- 528 SL : 454 Reason : Trading inside the parallel channel, bounced from support poised to touch the resistance . Holding period : Less than 15 days.
Kotak Bank looks like in accumulation zone. For Investor Mindset - an SIP in Kotak Bank within the channel will give good and safe gains. For Trader Mindset - Wait for a bounce back from RSI in 35-40 range, will give a good swing trade going ahead. * Note - Material only for informational purposes, do your own due diligence before taking positions.
IDFC First Bank - Long term Bullish Current trend is bearish, buy at 33 and 32 levels. Educational purpose...
T- 1150/1065/967 SL - 1425/1500 Time frame : 90 days Reason : Rate hike , Inflation could keep it down, so its prudent to sell on rise.