Like a lot of stocks in this correction and volatility, Power Grid has broken its long term support line. It is a SHORT/SELL. A Lower Top formation would give a clear sign of how long this correction can be. If however, the chart bounces back above its channel in the next 2-4 trading sessions, there might be some respite.
Ambuja cement Stock can test bottom of channel line and can reverse up side so buy on bottom
NSE:POWERGRID is touched the bottom line of ascending channel. Also it's near to the 0.786 Fib levels. It always respected the channel trendline. So if it breached it can give good down move. Also there is chance to continue inside the channel. Wait and take the trade, once the direction is confirmed.
Ambuja Cement Cmp 338 dated 18-2-2022 1. Channel Breakdown @ 336 2. Price Fall with Volumes Sell below 336 for a tgt of 330-320-310-300 SL 350 It is just a view, pls trade at your own risk.
The stock is looking good as price above important moving average , fib support , healthy correction and flag pattern. Long: Entry above Rs 770 , Stop Loss Rs 740 and Target Rs 850 Short: Entry below Rs 750 , Stop Loss Rs 780 and Target Rs 650 Thanks
NATURALGAS formed the "Ascending Broadening Wedge" pattern on the daily chart.
In a upper band of parallel channel, upside BO of channel will confirm with RSI.. (For quick trade).. im a beginner.
Crude seems to be in expanding flat correction as wave A of B is clear 3 wave structure and B wave moved past start of Wave A. Wave C of B is extended 2.618 fibonacci levels. Wave 5 of C of B is getting rejected at 0.618 fibonacci level also MACD have given negative crossover these are couple of negative signals. Break of swing 88 will confirm downside as it...
Nifty has started to move in bearish parallal channel. Also two critical zone for tomorrow for bulls.
Targets: Traders can initiate short positions for the following targets: 2400 - 2376 - 2301 - 2279 BUT DON'T TRADE BLINDLY . Read this following research to get how it is making selling opportunities for the intraday traders. PEL is forming a double combination pattern on the 4-hour timeframe chart. Price has constructed LL(lower-low) and LH(lower-high) to...
NSE:SUBEXLTD SUBEX LTD again testing the support level. so week we can expect a breakout in this lelel. It may go up to the target of 56 to 60 in 3 to 5 weeks.
Valiant Organic Cmp 972 dated 15-2-2022 1. Hammer Candle Pattern from Lows. 2. Parallel Channel Consolidation. 3. RSI Reversal Buy for a tgt of 1010-1080-1135-1200 SL 920 It is just a view, pls trade at your own risk.
Fortis HealthCare is forming channel pattern and it is at support trend line. Traders add it to wishlist.
Bitcoin in Daily TimeFrame formed a Falling Channel Pattern. It has given breakout and now re-test done. Good for long position. Stop Loss below the re-testing candle / swing low. Maintain Risk Reward for Trade.
After two weeks of the continuous rally, BTC took a nosedive in the latter part of the last week and declined by ~1%. On the weekly TF, BTC formed an Inverse Hammer candlestick pattern, which indicates that the market is again in control of bears. As the overall trend is still bearish, the recent positive rally can be considered as a pullback. At the time of...
Beautifully following upward trending parallel channel. two possibilities occur here. 1. Might be keep trending like this and go till 585-600 levels 2. Come down till 490-500 levels then proceed towards 600 levels.
Description : Kotak Bank at lower levels following trendline area support and at resistance zone now. if it breaks on upside more bullish it will become. Support Area : Support at 1800-1830 and 1640-1690 Resistance Area : Resistance at 1950-1980 if broke above it then 2100 and 2300 Zone to watch for.
Nifty Analysis of possible Support and Resistance. Lower Low and Lower High Channel is occurred. Short Term it looks bullish until does not break support area.