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1 channel pattern 2 earlier channel pattern gave decent breakout and movement 3 this summer the sales is expected to increase
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.
Cipla Long (14 Mar) RSI- 76 Parallel Channel breakout CMP-1043 Buy around - 970-1000 SL- 931 Target- 1072 and more Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
BANKNIFTY Index, 240 Mins Bar Chart (Interpretation 1) Double Zig-Zag corrections often fit into a parallel channel which is drawn between the highs of wave A & B to determine the end of wave C.
SIMBHALS if forming channel pattern after the breakout from the trend line. Traders keep it under the radar.
Infosys recently made high near 1845 and got rejected from 0.618 Fibonacci. The recovery it made from recent low 1665 was Flat abc(pink colour) correction where b was exactly touching start of a then wave c retraced up to 1.382 Fibonacci extension near 1845 On Larger degree correction not over yet and looks to be ABC zig zag correction which can take Infy...
Jindal is coming out of consolidation which started end of April 2021.. Enter at 450 - 470 for target of 650 - 680
The chart is simple and price available at support level with potential upside of 40% , risk & reward ratio is very favourable 1:6 _ Earlier stock was in downtrend _ Currently price moving with High High and Lower Low : Upward Trend _ Price level at channel support _Stop Loss 7% and potential upside 40% Thanks
The chart is self explanatory and analysis based on price movement, correction, breakout , consolidation and further breakout. Thanks
The chart structure is favourable supported by multiple factor. Pros: a) The healthy correction of 30% - price breakout from channel b) Fib retrenchment c) Moving Average above 21 & 200 d) RSI d) Similar breakout candle from same level Cons: a) Volume b) wait for 50 & 100 EMA crossover for safe entry Entry, Stop Loss and Target mentioned in chart. Thanks
The chemical sector are showing positive move from past few trading session. GHCL established itself in diversified segment of Chemicals, Textiles and Consumer Products segments. Fundamentally, may avoid the stock but technically price action will generate subsequent gain in short term view. The technical analysis based on simple descending triangle breakout...
In daily frame, the price given a inside candle breakout and in weekly chart in uptrend parallel channel with proper support & resistance. The entry , stop loss and target mentioned in chart. Inside Candle (821-847) 15min Chart NIFTY PHARMA Thanks
The price is continuous upward trend, proper entry will be after resistance breakout at Rs 8370. Thanks
So far it seems like we are done with the complex double correction WXY on the back of following reasons: 1)Price has crossed and will be closing above upper channel rasistance line looking at today's price action. 2)Price will be closing above wave 4 high of 1250 looking at today's price action. 3)Price has crossed 38% retracement level of entire correction at...
Tatasteel has been consolidating in a narrow range after a bullish movement in the stock. It is forming a bullish chart pattern on a higher time frame. The breakout of the parallel channel can give a move of 5%. Watch the stock for the tomorrow
IEX is forming a Channel pattern and it is about to give breakout, traders keep it under radar
Nifty on an hourly time frame has given a break out of major resistance level, its 20 Ema and the round figure of 16k. Nifty looks somewhat bullish. Major support levels:- 15915, 15689 Major resistance :- 16203, 16363 Wait for the levels to sustain. Market is volatile. Test the levels.