its is a best indicator to analyses of parallel channels you can use it with support and resistance it will works best with 50,75,100,125 and 200 periods or you can use periods according to your preferance
IRFC has formed a channel pattern and it is at its support level.
The stock market has started recovering. Still, there's a big question, is Russia and Ukraine war over yet? Start investing during stock market uncertainty using Elliott Wave Projection. It looks like ASTRAL has accomplished the corrective structure and started forming motive waves. Price has ceased the sub-wave 5 of motive wave ((c)), and the length of wave (A)...
In search of the next bottom, we look for five-wave declines to complete. Prices have been falling inside a channel and a breakout would put us in the price territory of the previous ivth wave near 16404 to the gap zone near 16484. But what if we do not breakout and keep falling below 16000 we could see a free fall with multiple extensions on the downside....
Nifty trading in 15 min channel, this is not for taking trade call, This is only my view, not for trading purpose,
NSE:POWERMECH #NSE:POWERMECH BO 8month old TL and registered strong volume. Sustainability may show good upside momentum, potential levels marked on chart for practice. Happy LEarning !!
Wave B looks to be completed and drop looks to be in progress. All other details on chart DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not...
NSE:HCLTECH #HCLTECH fundementally strong pick, shows good volumes delivered results in this bearishmarket, All the details explained in chart. Marked the levels for practice. Today we have bagged 7k profit on this pick and results shared. Happy LEarning !!
kuntum papers is at lower of pattern 1. we should initiate an entry here with keep SL below channel pattern, it will be a high risk reward trade. 2.exit will be either at upper level of pattern or if breakout happens then hold until target 1st done.
Eurusd is currently on strong support of 1.049. if it break support then it may fall to 0.8/9. Till than wait for bullish engulf candle for confirmation.
Pharma is in channel since Late Aug 2021 and the bounce needs to break red zone to be bullish
ATUL LTD is forming a channel pattern and it is at the support trend line.
Looks good on charts. Can keep holding till it is above 750. Disclaimer - Chart posted only for learning purpose. Please do your own analysis before initiating any trade.
Rallis is trading in horizontal channel and currently testing bottom of the channel. Stock has pulled back from this multiple times. Wait for the stock to enter channel to take position. Follow the targets mentioned.
Nifty has started its indecisive movement again. Triangle is the best example of a choppy correction , and the break of the structure can give us an excellent opportunity for trading decisions. Price Action Perspective: Currently, the price is at the control line of the parallel channel. Traders are getting trapped in the choppy move of the market. It is hard...
JKIL has given a breakout out from the channel pattern.
Banknifty Elliott wave count as shown in charts from wave 1 to 5. Currently we are in complex wxyxz correction. The final Z wave should be in progress which should break previous low. The new low is expected to be between 31400 to 30000 The drop from X wave can be looked as Zig zag correction on downside with current wave B in progress and will start C wave...
NSE:TATACHEM #NSE:TATACHEM formed beautiful cup&Handle pattern. Ping me for levels. Happy LEarning !!