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.
Chart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations.
The stock is in downtrend from long time, now it has formed an inverted flag with downtrend channel on daily and weekly charts. It looks like in today's close it has attempted the breakout above the channel for the second time. Last time it tried to break the channel but, was fake breakout. But, today's breakout is convicted as the volume is enormous compared to...
📈 Nestle 📉 Nestle was taking support at Upward Parallel Channel since October 2020 and today it broke down. Break off this Definitely shows signs of trouble in stock. On The upside in sync with downtrending trendline and started forming lower highs and lower lows. My View : Look for shorting opportunities as it broke the upward trendline and started...
Channel Pattern Breakout Good Volume RSI Above 60 Take trade with your risk appetite.
On weekly time frame its on long term trendline and in one more pattern it is ,that is parallel channel and a plus point is metal sector is performing good and has given breaakout only sail has underperformed till now .it could be one of the best bet on metal stock. Buy at current market price 104 targets are 115/130/150+ with a stoploss of 97 (short term) and...
Nifty has completed channel bound ABC zig zag correction crossed near 70-80 of fall from 17800. Price has formed ending diagonal pattern in wave 5 of C also negative Divergence on 5 min chart. We may start dip tomorrow if breaks 17570 levels. Stop loss must be kept as top of 15 min candle breaking 17570 for downside towards 17430 then 17270 DISCLAIMER:There is...
NSE:NATIONALUM National Aluminium is showing an uptrend for next week. Short-term traders can trade for target of 128.
INDIAN HOTELS has been consolidating in a parallel channel since the last few months (Oct 2021). It gave a breakout from this channel with good volumes and seems to have re-tested the same. A close above 224.20 & 237.40 will prepare the same for further upmove. The move also seems to be coinciding with easing of restrictions, all cities opening up and trying to...
TCS consolidating in a tight range with a possible breakdown looming
Channel Pattern - Breakout Wait and enter RSI above 60
flat correction after 5 impulse wave completed. new impulse is started , 50 ma support , target - previous high or upto 210
TV18 BROADCAST Cmp 65 dated 3-2-2022 1. Channel BO @ 58 already done. 2. High Volumes. Buy for a tgt of of 75 SL 60 It is just view, pls trade at your own risk.
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.
Nykaa has been into parallel channel since nov 2021 and now it has formed big supply zone for bulls. this has became bearish for near term
@shub1234heart 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.