Bandhan Bank is placed at top end of the channel and just today formed nice red candle. Considering downward drifting channel it is a good risk reward opportunity to go for reversal (short) trade . Consider daily close above top of the channel as StopLoss and Target for lower end of channel.
ibulhsgfin : cmp 205.75 trade set up : 1. buy in zone 206 to 202 2. keeping stop loss as 180 on closing basis 3. targets : 229 / 245 / 261 / 279 / 297 / 313+ technical set up : 1. parallel channel support buy 2. triangle base trend line demand zone 3. lower highs & higher lows formation in weekly pattern 4. value buy 5. stochastic RSI divergence and near...
NSE:NIFTY is trading at bottom of ascending channel. Market forms a structure of Higher High and Higher Low. It's a confirmation of clear uptrend. Till now there is no rejection from bottom levels. We have to wait for direction confirmation. Keep an eye on global cues. Us plans to send troops to Europe. Fear in global market will reflect in Indian market too....
ICICI Bank is at top end of the channel and made a nice red candle, hence might be short term top if does-not break today high. Hence good shorting candidate with minimal stoploss.
Add only above 256 with SL at 245 You may also wait and add after Result. Positional Trade
After creating the low of 17836 , we have seen a price surge to 17623. Nifty again reached the pivot zone 17621. If nifty sustains above 17621 , traders can buy for the following targets 17680-17765-17841+. Also, a price above 50 EMA indicates the presence of bulls in the current juncture. Please note that the rejection of the pivot zone indicates that the...
Bank nifty has been trading in a parallel channel. Whole day the market was trading in a parallel channel just after a gap up and movement in initial 15 minutes. Wait for the parallel channel to break. Hope you see levels and trade with the break out.
Simple and easy consolidation Channel pattern with good support of 200 EMA. Don't Just draw pattern look for consolidation and price action inside the pattern.
The bigger channel just shows the direction of the stock and smaller triangle shows the consolidation. DM for any Help.
Description : HDFC Bank at lower levels following support area and a trendline zone as well. Support Area : Support at 1420-1450 Resistance Area : Resistance at 1550-1575 if broke above it then 1675-1700 Zone to watch for.
Dear Traders, As we can see Bio-con was in Channel Pattern and after it now it was consolidating in Triangle pattern. Today it has given Good Breakout with gap. Normally, people wait for gap to fill and after that they take the trade but here, buying is so good that people are buying without Gap Filling. Also, those who has patience and waiting for gap to fill...
BALRAMCHIN | Range breakout after 8 months - Looks potential 20% CMP : 404 (Dip : 390) SL : 370 Target : 450 or Open 1:3 risk reward setup
Banknifty is moving is parallel channel range past 14 months. if the rectangle zone is cleared with good body candle then we are good to move towards upper end of the channel.
Buy a long position on EUR/USD if it breaks 200MA resistance on 4 hours chart... Target Price: 1.13600 - 1.13650 (40 pips from entry). Entry Price: 4 hours candle *CLOSE* above 1.1316. Note: This is an idea based on the analysis done by me, and clearly not a financial advice.
CCL | Small range breakout - Looks potential for 15% CMP : 429 SL : 408 Target : 490 1:3 risk reward setup
ACE construction is forming a contracting triangle of waves ((4)). To draw parallel lines, I have connected wave ((2)) & wave ((4)) and merged with wave ((3)). Wave ((1)) - Five wave impulse wave ((2)) - Sharp correction - 50% retracement of wave ((1)) Wave ((3)) - Five wave impulse - Power extend Wave ((4)) - Contracting triangle - sideways...
Nifty enter more consolidation phase as wave Z looks have started will take 2-3 days more. Broken and closed above 0.382 fibonacci levels today next aiming for 0.618 fibonacci level at 17770 Bearish view will get activated as soon as breaks 17244. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart...
Happiest minds is forming descending channel pattern and price is at support.